{
  "ticker": {
    "uuid": "7793f707-edaf-4689-9341-9c3ff49d0a3c",
    "symbol": "SDG3",
    "name": "Xtrackers MSCI Global SDG 3 Good Health UCITS ETF 1C USD",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 75.946,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 46.862,
    "architecture_energy": 45.399,
    "architecture_maturity": 20.671,
    "architecture_confidence": 66.912,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 18.73,
        "rotation_up": 67.87,
        "upward_expansion": 54.9,
        "deceleration": 35.61,
        "rotation_down": 20.27,
        "downward_expansion": 13.23
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      "activity_lines": [
        28.057833,
        27.832045,
        27.136654,
        27.024941
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
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    "latest_close": 28.397499,
    "trend_reference": 27.115417,
    "distance_from_trend": 0.047282,
    "trend_direction": "Weakening",
    "fair_value": 26.457732,
    "distance_from_fair_value": 0.073316,
    "fair_value_direction": "Improving",
    "relative_strength": -3.996522,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.00629,
    "excess_performance": -0.044945,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.047282,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.007401,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.073316,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.118131,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.039965,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.078106,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.00629,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 20.150059,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 586,
      "relative_activity": 0.465079,
      "balance": 20.150059,
      "dry_up": 0.510913,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.027433,
      "annualized_volatility": 0.164283,
      "from_high_reference": -0.211426,
      "from_low_reference": 0.142297
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    "levels": {
      "trend_reference": 27.115417,
      "fair_value_reference": 26.457732,
      "structural_low": 24.975,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.000127,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.009801,
        "regime_survival": 0.5,
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        "worst_return": -0.09165,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.0,
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        "worst_return": -0.128022,
        "sufficient": false
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      {
        "horizon": "Extended",
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        "worst_return": -0.11348,
        "sufficient": false
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      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "worst_return": 0.007048,
        "sufficient": false
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        "regime": "deceleration",
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        "end": "2024-11-15",
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        "regime": "rotation_down",
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "regime": "rotation_up",
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        "regime": "balance",
        "label": "Balance",
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        "end": "2025-03-28",
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        "active": false
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "regime": "balance",
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        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.581982,
        "energy": 55.407228,
        "activity_lines": [
          27.606499,
          27.005318,
          26.592726,
          26.790301
        ]
      },
      {
        "date": "2026-07-17",
        "close": 27.915001,
        "volume": 265,
        "typical_volume": 1236.45,
        "trend": 27.127333,
        "fair_value": 26.381578,
        "relative_strength": -3.355755,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 31.364612,
        "energy": 60.753888,
        "activity_lines": [
          27.827833,
          27.261863,
          26.716845,
          26.840935
        ]
      },
      {
        "date": "2026-07-24",
        "close": 28.030001,
        "volume": 1466,
        "typical_volume": 1263.25,
        "trend": 27.129833,
        "fair_value": 26.406386,
        "relative_strength": -4.024937,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 31.958013,
        "energy": 66.6482,
        "activity_lines": [
          27.975667,
          27.487045,
          26.854702,
          26.899172
        ]
      },
      {
        "date": "2026-07-31",
        "close": 27.809999,
        "volume": 258,
        "typical_volume": 1253.0,
        "trend": 27.12825,
        "fair_value": 26.431642,
        "relative_strength": -5.781494,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 36.346288,
        "energy": 41.398935,
        "activity_lines": [
          27.915167,
          27.623227,
          26.96975,
          26.943054
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.397499,
        "volume": 586,
        "typical_volume": 1260.0,
        "trend": 27.115417,
        "fair_value": 26.457732,
        "relative_strength": -3.996522,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 46.862401,
        "energy": 45.399435,
        "activity_lines": [
          28.057833,
          27.832045,
          27.136654,
          27.024941
        ]
      }
    ],
    "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."
    }
  }
}