{
  "ticker": {
    "uuid": "760f51d9-993b-4d43-aab3-82057d9f8895",
    "symbol": "BNKS",
    "name": "Betashares Global Banks Currency Hedged ETF",
    "exchange": "ASX",
    "country": "AU",
    "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": "^AXJO",
    "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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 78.701,
    "architecture_energy": 86.887,
    "architecture_maturity": 25.548,
    "architecture_confidence": 85.612,
    "architecture_tenure": "Developing",
    "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": 0.69,
        "rotation_up": 81.52,
        "upward_expansion": 98.19,
        "deceleration": 40.18,
        "rotation_down": 11.74,
        "downward_expansion": 20.19
      },
      "activity_lines": [
        14.077333,
        13.836557,
        13.308902,
        13.011952
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 14.25,
    "trend_reference": 12.730661,
    "distance_from_trend": 0.119345,
    "trend_direction": "Improving",
    "fair_value": 9.110304,
    "distance_from_fair_value": 0.564163,
    "fair_value_direction": "Improving",
    "relative_strength": 12.002418,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.122931,
    "excess_performance": 0.059226,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.119345,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.04972,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.564163,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.134322,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.120024,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.037976,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.122931,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.300116,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 196778,
      "relative_activity": 0.601689,
      "balance": 8.300116,
      "dry_up": 0.543696,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.02959,
      "annualized_volatility": 0.16506,
      "from_high_reference": -0.009729,
      "from_low_reference": 0.40905
    },
    "levels": {
      "trend_reference": 12.730661,
      "fair_value_reference": 9.110304,
      "structural_low": 11.3,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 36,
        "median_return": 0.02414,
        "positive_rate": 0.611111,
        "directional_follow_through": 0.611111,
        "median_excess_return": 0.020717,
        "regime_survival": 0.861111,
        "best_return": 0.086698,
        "worst_return": -0.070261,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.052039,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
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        "regime_survival": 0.666667,
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        "worst_return": -0.083098,
        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 7,
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        "regime_survival": 0.571429,
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        "horizon": "Full cycle",
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        "worst_return": -0.17482,
        "sufficient": false
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      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 15.819268,
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      },
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      },
      {
        "date": "2026-07-17",
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        "volume": 144450,
        "typical_volume": 374000.5,
        "trend": 12.547833,
        "fair_value": 8.953515,
        "relative_strength": 16.347099,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 76.11632,
        "energy": 88.95635,
        "activity_lines": [
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          12.719231
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      },
      {
        "date": "2026-07-24",
        "close": 13.91,
        "volume": 207226,
        "typical_volume": 362149.8,
        "trend": 12.604328,
        "fair_value": 9.004047,
        "relative_strength": 16.760739,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.143766,
        "energy": 88.268354,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 14.2,
        "volume": 162793,
        "typical_volume": 325757.85,
        "trend": 12.670661,
        "fair_value": 9.056803,
        "relative_strength": 15.802095,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.888297,
        "energy": 89.905373,
        "activity_lines": [
          13.95,
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          13.169877,
          12.91006
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.25,
        "volume": 196778,
        "typical_volume": 327042.75,
        "trend": 12.730661,
        "fair_value": 9.110304,
        "relative_strength": 12.002418,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.701187,
        "energy": 86.887093,
        "activity_lines": [
          14.077333,
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          13.011952
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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."
    }
  }
}