{
  "ticker": {
    "uuid": "6bc29c9a-c1b9-40bc-98f3-6e74d07bdcb7",
    "symbol": "SRUG",
    "name": "UBS MSCI USA Socially Responsible UCITS ETF hGBP 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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 82.4,
    "architecture_energy": 58.475,
    "architecture_maturity": 65.491,
    "architecture_confidence": 79.163,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 23.53,
        "rotation_up": 48.07,
        "upward_expansion": 76.79,
        "deceleration": 91.44,
        "rotation_down": 29.69,
        "downward_expansion": 14.79
      },
      "activity_lines": [
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      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 2576.0,
    "trend_reference": 2328.829004,
    "distance_from_trend": 0.106135,
    "trend_direction": "Improving",
    "fair_value": 1998.975142,
    "distance_from_fair_value": 0.28866,
    "fair_value_direction": "Improving",
    "relative_strength": 4.867514,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.158583,
    "excess_performance": 0.107348,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.106135,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.043477,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.28866,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.042325,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.048675,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.00284,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.158583,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 9.438616,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 7886,
      "relative_activity": 0.359195,
      "balance": 9.438616,
      "dry_up": 0.471779,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.02193,
      "annualized_volatility": 0.144349,
      "from_high_reference": -0.000745,
      "from_low_reference": 0.271157
    },
    "levels": {
      "trend_reference": 2328.829004,
      "fair_value_reference": 1998.975142,
      "structural_low": 2026.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": 0.015005,
        "positive_rate": 0.615385,
        "directional_follow_through": 0.615385,
        "median_excess_return": -0.002333,
        "regime_survival": 0.461538,
        "best_return": 0.069632,
        "worst_return": -0.069869,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.021802,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.001417,
        "regime_survival": 0.0,
        "best_return": 0.136254,
        "worst_return": -0.11219,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.120759,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.072506,
        "regime_survival": 0.166667,
        "best_return": 0.144261,
        "worst_return": -0.241081,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.032647,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.001199,
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        "best_return": 0.280023,
        "worst_return": -0.268316,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
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        "color": "green",
        "start": "2024-09-06",
        "end": "2025-01-03",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.010513,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
        "return": 0.037097,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-03-13",
        "tenure": "New",
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        "active": false
      },
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        "active": false
      },
      {
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      {
        "regime": "rotation_up",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 23541.6,
        "trend": 2318.259155,
        "fair_value": 1992.714873,
        "relative_strength": 0.725303,
        "stage": 2,
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        "energy": 46.210566,
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      },
      {
        "date": "2026-08-07",
        "close": 2576.0,
        "volume": 7886,
        "typical_volume": 21954.65,
        "trend": 2328.829004,
        "fair_value": 1998.975142,
        "relative_strength": 4.867514,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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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."
    }
  }
}