{
  "ticker": {
    "uuid": "70f396fb-2f57-4210-8b31-4229bd128f98",
    "symbol": "EDMW",
    "name": "iShares MSCI World CTB Enhanced ESG UCITS ETF USD Acc",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "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": 84.97,
    "architecture_energy": 68.891,
    "architecture_maturity": 78.437,
    "architecture_confidence": 74.476,
    "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": 12.77,
        "rotation_up": 55.22,
        "upward_expansion": 83.0,
        "deceleration": 71.01,
        "rotation_down": 28.49,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        10.6328,
        10.5824,
        10.422467,
        10.206822
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 10.844,
    "trend_reference": 9.958833,
    "distance_from_trend": 0.088883,
    "trend_direction": "Improving",
    "fair_value": 8.529603,
    "distance_from_fair_value": 0.271337,
    "fair_value_direction": "Improving",
    "relative_strength": 3.950634,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.140393,
    "excess_performance": 0.075754,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.088883,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039732,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.271337,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.044951,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.039506,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.044922,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.140393,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.312168,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 299304,
      "relative_activity": 0.426736,
      "balance": 7.312168,
      "dry_up": 0.425758,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.017096,
      "annualized_volatility": 0.109439,
      "from_high_reference": -0.001841,
      "from_low_reference": 0.233534
    },
    "levels": {
      "trend_reference": 9.958833,
      "fair_value_reference": 8.529603,
      "structural_low": 9.006,
      "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": 0.009312,
        "positive_rate": 0.702703,
        "directional_follow_through": 0.702703,
        "median_excess_return": 0.00666,
        "regime_survival": 0.837838,
        "best_return": 0.060356,
        "worst_return": -0.090483,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "worst_return": -0.071858,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.714286,
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        "worst_return": -0.090162,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.005362,
        "sufficient": false
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        "regime": "deceleration",
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
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        "typical_volume": 778193.8,
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        "stage": 2,
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        "direction": 64.771732,
        "energy": 76.042572,
        "activity_lines": [
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          10.06308
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      },
      {
        "date": "2026-07-24",
        "close": 10.556,
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        "typical_volume": 768146.95,
        "trend": 9.884633,
        "fair_value": 8.478897,
        "relative_strength": 6.557117,
        "stage": 2,
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        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.487847,
        "energy": 67.320223,
        "activity_lines": [
          10.56,
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          10.108772
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      },
      {
        "date": "2026-07-31",
        "close": 10.48,
        "volume": 260604,
        "typical_volume": 736281.0,
        "trend": 9.9196,
        "fair_value": 8.502942,
        "relative_strength": 3.403602,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.319265,
        "energy": 60.337396,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 10.844,
        "volume": 299304,
        "typical_volume": 701380.2,
        "trend": 9.958833,
        "fair_value": 8.529603,
        "relative_strength": 3.950634,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.969713,
        "energy": 68.890803,
        "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."
    }
  }
}