{
  "ticker": {
    "uuid": "6f8bcc83-d28a-4dd8-a3be-0bd500ccace5",
    "symbol": "XMUD",
    "name": "Xtrackers MSCI USA Swap UCITS ETF 1C",
    "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": 88.347,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.064,
    "architecture_energy": 64.166,
    "architecture_maturity": 61.731,
    "architecture_confidence": 68.063,
    "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": 24.4,
        "rotation_up": 54.65,
        "upward_expansion": 81.21,
        "deceleration": 68.67,
        "rotation_down": 27.63,
        "downward_expansion": 10.21
      },
      "activity_lines": [
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        223.407952,
        218.934236
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 232.895004,
    "trend_reference": 213.839833,
    "distance_from_trend": 0.08911,
    "trend_direction": "Improving",
    "fair_value": 173.156311,
    "distance_from_fair_value": 0.344999,
    "fair_value_direction": "Improving",
    "relative_strength": 3.310474,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.133557,
    "excess_performance": 0.082322,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08911,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034846,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.344999,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.007615,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.033105,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020203,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.133557,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.63631,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 8412,
      "relative_activity": 0.489549,
      "balance": 0.63631,
      "dry_up": 1.503333,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.018106,
      "annualized_volatility": 0.128828,
      "from_high_reference": -0.00242,
      "from_low_reference": 0.231858
    },
    "levels": {
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      "fair_value_reference": 173.156311,
      "structural_low": 191.110001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 37,
        "median_return": 0.011567,
        "positive_rate": 0.648649,
        "directional_follow_through": 0.648649,
        "median_excess_return": 0.005169,
        "regime_survival": 0.837838,
        "best_return": 0.062037,
        "worst_return": -0.108835,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
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        "regime_survival": 0.583333,
        "best_return": 0.095982,
        "worst_return": -0.058027,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.857143,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.112865,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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      {
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        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "active": false
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      {
        "regime": "balance",
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        "color": "blue",
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        "active": false
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      },
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        "date": "2026-05-01",
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      },
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": 4.495056,
        "stage": 2,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 17285.0,
        "trend": 211.816333,
        "fair_value": 171.318779,
        "relative_strength": 2.42696,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-24",
        "close": 223.399994,
        "volume": 20254,
        "typical_volume": 17544.8,
        "trend": 212.383666,
        "fair_value": 171.899933,
        "relative_strength": 0.667613,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.89009,
        "energy": 57.502897,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 223.039993,
        "volume": 26348,
        "typical_volume": 17882.05,
        "trend": 213.002833,
        "fair_value": 172.492753,
        "relative_strength": -0.717894,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.395187,
        "energy": 50.506055,
        "activity_lines": [
          224.036663,
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      },
      {
        "date": "2026-08-07",
        "close": 232.895004,
        "volume": 8412,
        "typical_volume": 17183.15,
        "trend": 213.839833,
        "fair_value": 173.156311,
        "relative_strength": 3.310474,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.064248,
        "energy": 64.165697,
        "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."
    }
  }
}