{
  "ticker": {
    "uuid": "6803ba97-d663-4d8f-9ccb-cc8fda6732e5",
    "symbol": "VDC",
    "name": "Vanguard Consumer Staples Index Fund ETF Shares",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 73.967,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 3.666,
    "architecture_energy": 12.579,
    "architecture_maturity": 16.874,
    "architecture_confidence": 69.011,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 56.02,
        "rotation_up": 47.31,
        "upward_expansion": 41.79,
        "deceleration": 36.63,
        "rotation_down": 25.33,
        "downward_expansion": 19.12
      },
      "activity_lines": [
        4010.169401,
        4002.36574,
        3980.226003,
        3989.284766
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 3958.0,
    "trend_reference": 3995.914559,
    "distance_from_trend": -0.009488,
    "trend_direction": "Improving",
    "fair_value": 3859.719644,
    "distance_from_fair_value": 0.025463,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.480074,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.034041,
    "excess_performance": 0.020626,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.009488,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.011325,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.025463,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.014647,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.024801,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.087775,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.034041,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.982906,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 31,
      "relative_activity": 0.001319,
      "balance": 0.982906,
      "dry_up": 0.009406,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.016795,
      "annualized_volatility": 0.127228,
      "from_high_reference": -0.045504,
      "from_low_reference": 0.055637
    },
    "levels": {
      "trend_reference": 3995.914559,
      "fair_value_reference": 3859.719644,
      "structural_low": 3820.962158,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.007647,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.00249,
        "regime_survival": 0.5,
        "best_return": 0.0,
        "worst_return": -0.123134,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.056637,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.081951,
        "regime_survival": 0.0,
        "best_return": -0.033602,
        "worst_return": -0.079672,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.069892,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.097511,
        "regime_survival": 0.5,
        "best_return": -0.034041,
        "worst_return": -0.105742,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.170276,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.267899,
        "regime_survival": 0.0,
        "best_return": -0.170276,
        "worst_return": -0.170276,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-15",
        "end": "2024-02-16",
        "tenure": "Developing",
        "return": 0.000538,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-23",
        "end": "2024-04-12",
        "tenure": "Developing",
        "return": 0.000255,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-04-19",
        "end": "2024-04-26",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-03",
        "end": "2024-05-10",
        "tenure": "New",
        "return": 0.008452,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-17",
        "end": "2025-01-17",
        "tenure": "Extended",
        "return": 0.226654,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-24",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": 0.089623,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-14",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": -0.007103,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-05-09",
        "end": "2025-05-16",
        "tenure": "New",
        "return": -0.019382,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-23",
        "end": "2026-01-30",
        "tenure": "Extended",
        "return": -0.078653,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-02-06",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": 0.000243,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-03-20",
        "end": "2026-04-10",
        "tenure": "New",
        "return": -0.028254,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-17",
        "end": "2026-05-29",
        "tenure": "Developing",
        "return": -0.015094,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-06-05",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": 0.053269,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.020447,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
        "close": 4040.620117,
        "volume": 736,
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        "trend": 3975.852767,
        "fair_value": 3846.723079,
        "relative_strength": -1.04235,
        "stage": 1,
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        "modifier": "Structural repair",
        "gate": "up",
        "direction": 58.500935,
        "energy": 50.244124,
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      },
      {
        "date": "2026-07-24",
        "close": 3932.0,
        "volume": 96,
        "typical_volume": 23495.6,
        "trend": 3980.812085,
        "fair_value": 3850.609444,
        "relative_strength": -2.971043,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 7.025215,
        "energy": 21.688664,
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      },
      {
        "date": "2026-07-31",
        "close": 4115.200195,
        "volume": 21,
        "typical_volume": 23494.2,
        "trend": 3992.342521,
        "fair_value": 3855.574857,
        "relative_strength": 1.037992,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.267719,
        "energy": 52.641841,
        "activity_lines": [
          4033.290755,
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      },
      {
        "date": "2026-08-07",
        "close": 3958.0,
        "volume": 31,
        "typical_volume": 23495.75,
        "trend": 3995.914559,
        "fair_value": 3859.719644,
        "relative_strength": -2.480074,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 3.665817,
        "energy": 12.578565,
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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."
    }
  }
}