{
  "ticker": {
    "uuid": "7600b473-81fb-47c9-b996-ce22960383c9",
    "symbol": "PSRW",
    "name": "Invesco RAFI All-World Fundamental Value UCITS ETF",
    "exchange": "EBS",
    "country": "CH",
    "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": "^SSMI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 84.778,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 88.087,
    "architecture_energy": 81.034,
    "architecture_maturity": 48.686,
    "architecture_confidence": 82.544,
    "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": 10.13,
        "rotation_up": 62.86,
        "upward_expansion": 89.14,
        "deceleration": 50.98,
        "rotation_down": 27.02,
        "downward_expansion": 15.81
      },
      "activity_lines": [
        40.599667,
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        39.100354
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 41.200001,
    "trend_reference": 38.243262,
    "distance_from_trend": 0.077314,
    "trend_direction": "Improving",
    "fair_value": 29.683028,
    "distance_from_fair_value": 0.387999,
    "fair_value_direction": "Weakening",
    "relative_strength": 2.954064,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.113696,
    "excess_performance": 0.030813,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.077314,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.054734,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.387999,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.00444,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.029541,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.097089,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.113696,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.252404,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 190,
      "relative_activity": 0.049094,
      "balance": 0.252404,
      "dry_up": 0.531052,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.012889,
      "annualized_volatility": 0.128595,
      "from_high_reference": 0.0,
      "from_low_reference": 0.324153
    },
    "levels": {
      "trend_reference": 38.243262,
      "fair_value_reference": 29.683028,
      "structural_low": 34.415498,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 43,
        "median_return": 0.011277,
        "positive_rate": 0.627907,
        "directional_follow_through": 0.627907,
        "median_excess_return": 0.00565,
        "regime_survival": 0.790698,
        "best_return": 0.06061,
        "worst_return": -0.078206,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
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        "directional_follow_through": 0.733333,
        "median_excess_return": 0.023399,
        "regime_survival": 0.8,
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        "worst_return": -0.102088,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.07109,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.047807,
        "regime_survival": 0.714286,
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        "worst_return": -0.038888,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.094027,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "relative_strength": 9.103711,
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        "modifier": "Momentum cooling",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 7000.5,
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        "fair_value": 28.123787,
        "relative_strength": 8.428478,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 6824.05,
        "trend": 35.625384,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 7076.95,
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        "fair_value": 28.344337,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 6939.1,
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        "energy": 91.166815,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 6822.7,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 6495.45,
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        "fair_value": 28.687039,
        "relative_strength": 9.615213,
        "stage": 2,
        "regime": "upward_expansion",
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        "direction": 71.898233,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "trend": 36.68808,
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        "stage": 2,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "trend": 37.11992,
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        "relative_strength": 2.559096,
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        "gate": "up",
        "direction": 67.140243,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 40.43,
        "volume": 350,
        "typical_volume": 3044.0,
        "trend": 37.323958,
        "fair_value": 29.134382,
        "relative_strength": 2.635602,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 71.882089,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 39.950001,
        "volume": 30177,
        "typical_volume": 4539.55,
        "trend": 37.500544,
        "fair_value": 29.241841,
        "relative_strength": 2.610356,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.507342,
        "energy": 64.392846,
        "activity_lines": [
          40.012,
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          38.396978
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      },
      {
        "date": "2026-07-17",
        "close": 40.005001,
        "volume": 2646,
        "typical_volume": 3816.9,
        "trend": 37.686224,
        "fair_value": 29.348185,
        "relative_strength": 1.815571,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.634475,
        "energy": 62.686012,
        "activity_lines": [
          40.028667,
          39.93318,
          39.207737,
          38.558556
        ]
      },
      {
        "date": "2026-07-24",
        "close": 40.185001,
        "volume": 2143,
        "typical_volume": 3878.7,
        "trend": 37.866518,
        "fair_value": 29.454454,
        "relative_strength": 2.261811,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.804405,
        "energy": 64.29763,
        "activity_lines": [
          40.086001,
          40.003236,
          39.387244,
          38.719767
        ]
      },
      {
        "date": "2026-07-31",
        "close": 40.619999,
        "volume": 3242,
        "typical_volume": 3915.35,
        "trend": 38.054381,
        "fair_value": 29.566088,
        "relative_strength": 3.070596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.004729,
        "energy": 65.980424,
        "activity_lines": [
          40.279,
          40.129741,
          39.588198,
          38.897411
        ]
      },
      {
        "date": "2026-08-07",
        "close": 41.200001,
        "volume": 190,
        "typical_volume": 3870.15,
        "trend": 38.243262,
        "fair_value": 29.683028,
        "relative_strength": 2.954064,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.086903,
        "energy": 81.033996,
        "activity_lines": [
          40.599667,
          40.341261,
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          39.100354
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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."
    }
  }
}