{
  "ticker": {
    "uuid": "6777d302-ed4d-4b65-80b7-146362fea43f",
    "symbol": "UB12",
    "name": "UBS Core MSCI Europe UCITS ETF EUR dis",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "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": 84.27,
    "architecture_energy": 65.3,
    "architecture_maturity": 31.23,
    "architecture_confidence": 86.791,
    "architecture_tenure": "Developing",
    "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": 10.99,
        "rotation_up": 61.44,
        "upward_expansion": 83.98,
        "deceleration": 55.43,
        "rotation_down": 23.69,
        "downward_expansion": 10.64
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 9412.5,
    "trend_reference": 8849.959147,
    "distance_from_trend": 0.063564,
    "trend_direction": "Improving",
    "fair_value": 7603.86356,
    "distance_from_fair_value": 0.237858,
    "fair_value_direction": "Improving",
    "relative_strength": 1.363345,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.067866,
    "excess_performance": 0.016631,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.063564,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029267,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.237858,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.062904,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.013633,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.020406,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.067866,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.365999,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5094,
      "relative_activity": 0.158421,
      "balance": 5.365999,
      "dry_up": 0.394848,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.016849,
      "annualized_volatility": 0.154996,
      "from_high_reference": -0.004599,
      "from_low_reference": 0.218126
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    "levels": {
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      "fair_value_reference": 7603.86356,
      "structural_low": 7965.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 33,
        "median_return": 0.00389,
        "positive_rate": 0.606061,
        "directional_follow_through": 0.606061,
        "median_excess_return": -0.00015,
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        "worst_return": -0.094569,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "date": "2026-03-27",
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      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 35598.05,
        "trend": 8781.576465,
        "fair_value": 7553.224312,
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        "stage": 2,
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        "modifier": "Early expansion",
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        "energy": 66.709098,
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          8948.17381,
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      },
      {
        "date": "2026-07-24",
        "close": 9155.5,
        "volume": 3551,
        "typical_volume": 35162.95,
        "trend": 8804.281315,
        "fair_value": 7568.579978,
        "relative_strength": 0.154073,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.689264,
        "energy": 52.743553,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 9228.0,
        "volume": 36117,
        "typical_volume": 36731.05,
        "trend": 8826.75319,
        "fair_value": 7585.18175,
        "relative_strength": -0.301205,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.734486,
        "energy": 50.825376,
        "activity_lines": [
          9163.666667,
          9145.881818,
          9020.514286,
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      },
      {
        "date": "2026-08-07",
        "close": 9412.5,
        "volume": 5094,
        "typical_volume": 32154.8,
        "trend": 8849.959147,
        "fair_value": 7603.86356,
        "relative_strength": 1.363345,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.270278,
        "energy": 65.300489,
        "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."
    }
  }
}