{
  "ticker": {
    "uuid": "70e65a12-0eca-4c88-b539-71fbe8711b0b",
    "symbol": "IUHE",
    "name": "iShares V PLC - iShares S&P 500 Health Care Sector UCITS ETF USD (Acc)",
    "exchange": "AMS",
    "country": "NL",
    "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": "^AEX",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 72.186,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 71.664,
    "architecture_energy": 59.893,
    "architecture_maturity": 9.604,
    "architecture_confidence": 68.3,
    "architecture_tenure": "New",
    "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": 14.09,
        "rotation_up": 71.68,
        "upward_expansion": 85.09,
        "deceleration": 53.04,
        "rotation_down": 14.01,
        "downward_expansion": 9.42
      },
      "activity_lines": [
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        7.096246,
        7.010689
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 7.455,
    "trend_reference": 6.966951,
    "distance_from_trend": 0.070052,
    "trend_direction": "Improving",
    "fair_value": 6.616333,
    "distance_from_fair_value": 0.126757,
    "fair_value_direction": "Improving",
    "relative_strength": -2.829657,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.043714,
    "excess_performance": -0.072948,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.070052,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.010096,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.126757,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.129701,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.028297,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.045246,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.043714,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.755839,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 72268,
      "relative_activity": 1.487478,
      "balance": 2.755839,
      "dry_up": 0.977817,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.031233,
      "annualized_volatility": 0.168032,
      "from_high_reference": -0.02332,
      "from_low_reference": 0.251895
    },
    "levels": {
      "trend_reference": 6.966951,
      "fair_value_reference": 6.616333,
      "structural_low": 6.433442,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 20,
        "median_return": -0.015333,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.017798,
        "regime_survival": 0.65,
        "best_return": 0.052603,
        "worst_return": -0.080316,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.222222,
        "directional_follow_through": 0.222222,
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        "best_return": 0.077079,
        "worst_return": -0.106609,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.023507,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.0853,
        "sufficient": true
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        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.043502,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 55830.25,
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        "fair_value": 6.579922,
        "relative_strength": -1.117059,
        "stage": 2,
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        "modifier": "Structural repair",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 6.587583,
        "relative_strength": -2.466319,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 55438.95,
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        "fair_value": 6.594232,
        "relative_strength": -2.278751,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.046619,
        "energy": 76.122282,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 52266.45,
        "trend": 6.948286,
        "fair_value": 6.601391,
        "relative_strength": -1.825394,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 70.624065,
        "energy": 84.319676,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 7.347,
        "volume": 45766,
        "typical_volume": 46498.7,
        "trend": 6.957633,
        "fair_value": 6.608795,
        "relative_strength": -3.150928,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.561599,
        "energy": 68.825962,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.455,
        "volume": 72268,
        "typical_volume": 48584.25,
        "trend": 6.966951,
        "fair_value": 6.616333,
        "relative_strength": -2.829657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.663892,
        "energy": 59.892842,
        "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."
    }
  }
}