{
  "ticker": {
    "uuid": "61e7ab15-7558-4f88-805e-546bad040ccd",
    "symbol": "CSSLI",
    "name": "iShares SLI ETF (CH)",
    "exchange": "EBS",
    "country": "CH",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^SSMI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.352,
    "architecture_energy": 71.286,
    "architecture_maturity": 41.857,
    "architecture_confidence": 81.982,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 3.85,
        "rotation_up": 67.93,
        "upward_expansion": 87.67,
        "deceleration": 55.32,
        "rotation_down": 23.06,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        244.195314,
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        236.573845,
        232.129798
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 247.949997,
    "trend_reference": 227.712464,
    "distance_from_trend": 0.088873,
    "trend_direction": "Improving",
    "fair_value": 199.922007,
    "distance_from_fair_value": 0.240234,
    "fair_value_direction": "Improving",
    "relative_strength": 1.058163,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.107631,
    "excess_performance": 0.024747,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.088873,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033635,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.240234,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.092167,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.010582,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.002765,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.107631,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.654036,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 11813,
      "relative_activity": 0.823148,
      "balance": 2.654036,
      "dry_up": 1.122918,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.019025,
      "annualized_volatility": 0.151633,
      "from_high_reference": -0.001208,
      "from_low_reference": 0.237051
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    "levels": {
      "trend_reference": 227.712464,
      "fair_value_reference": 199.922007,
      "structural_low": 200.436298,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 36,
        "median_return": -0.002286,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.002454,
        "regime_survival": 0.833333,
        "best_return": 0.082751,
        "worst_return": -0.10191,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": 0.008513,
        "regime_survival": 0.583333,
        "best_return": 0.079033,
        "worst_return": -0.032654,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "directional_follow_through": 0.714286,
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        "regime_survival": 0.428571,
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        "worst_return": -0.140626,
        "sufficient": true
      },
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        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.085675,
        "sufficient": false
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        "color": "amber",
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        "end": "2024-05-10",
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        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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      },
      {
        "regime": "balance",
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        "regime": "downward_expansion",
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        "regime": "rotation_down",
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        "date": "2026-05-01",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "relative_strength": 0.851863,
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      },
      {
        "date": "2026-07-17",
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        "volume": 19700,
        "typical_volume": 16757.1,
        "trend": 225.68668,
        "fair_value": 198.488455,
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        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 241.350006,
        "volume": 24814,
        "typical_volume": 16728.25,
        "trend": 226.309027,
        "fair_value": 198.933225,
        "relative_strength": -0.214442,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.82668,
        "energy": 86.553101,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 242.649994,
        "volume": 8133,
        "typical_volume": 15084.35,
        "trend": 226.971438,
        "fair_value": 199.410455,
        "relative_strength": 0.23299,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.874727,
        "energy": 72.665691,
        "activity_lines": [
          242.466933,
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      },
      {
        "date": "2026-08-07",
        "close": 247.949997,
        "volume": 11813,
        "typical_volume": 14351.0,
        "trend": 227.712464,
        "fair_value": 199.922007,
        "relative_strength": 1.058163,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.351834,
        "energy": 71.285742,
        "activity_lines": [
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      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}