{
  "ticker": {
    "uuid": "7bc35d36-0f8e-4eaf-b312-d7ea53be2e6b",
    "symbol": "UC81",
    "name": "UBS BBG US Liquid Corp 1-5 UCITS ETF USD dis",
    "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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 63.995,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -16.72,
    "architecture_energy": 22.618,
    "architecture_maturity": 19.04,
    "architecture_confidence": 69.971,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 51.96,
        "rotation_up": 15.0,
        "upward_expansion": 14.43,
        "deceleration": 70.32,
        "rotation_down": 59.86,
        "downward_expansion": 41.76
      },
      "activity_lines": [
        1030.1,
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        1032.807143,
        1032.505712
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 1028.75,
    "trend_reference": 1033.060348,
    "distance_from_trend": -0.004172,
    "trend_direction": "Weakening",
    "fair_value": 1065.314295,
    "distance_from_fair_value": -0.034323,
    "fair_value_direction": "Improving",
    "relative_strength": -9.402138,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.011545,
    "excess_performance": -0.06278,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.004172,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.006424,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.034323,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.01429,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.094021,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.008071,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.011545,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.363981,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2310,
      "relative_activity": 0.091378,
      "balance": 1.363981,
      "dry_up": 1.367887,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.008371,
      "annualized_volatility": 0.064553,
      "from_high_reference": -0.265904,
      "from_low_reference": 0.015498
    },
    "levels": {
      "trend_reference": 1033.060348,
      "fair_value_reference": 1065.314295,
      "structural_low": 1013.049988,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.00421,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.003288,
        "regime_survival": 0.4,
        "best_return": 0.351036,
        "worst_return": -0.019063,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.004518,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.022515,
        "regime_survival": 0.25,
        "best_return": 0.055503,
        "worst_return": -0.024393,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.000473,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.05304,
        "regime_survival": 0.2,
        "best_return": 0.04352,
        "worst_return": -0.005318,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.037861,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.041828,
        "regime_survival": 0.0,
        "best_return": 0.059628,
        "worst_return": 0.016093,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
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        "color": "red",
        "start": "2024-08-30",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": 0.037151,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.002031,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-20",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": -0.021877,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-21",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.013915,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "Developing",
        "return": -0.021698,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-09-19",
        "tenure": "Established",
        "return": -0.002175,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-26",
        "end": "2025-10-17",
        "tenure": "New",
        "return": 0.007952,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
        "regime": "balance",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "end": "2026-06-12",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
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      {
        "regime": "balance",
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        "active": true
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      {
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      {
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      {
        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 29639.8,
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      },
      {
        "date": "2026-07-24",
        "close": 1035.5,
        "volume": 36274,
        "typical_volume": 21704.1,
        "trend": 1034.452905,
        "fair_value": 1065.658051,
        "relative_strength": -8.059745,
        "stage": 1,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 10.193723,
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      },
      {
        "date": "2026-07-31",
        "close": 1027.0,
        "volume": 96689,
        "typical_volume": 25475.15,
        "trend": 1033.8441,
        "fair_value": 1065.493369,
        "relative_strength": -9.586991,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.227252,
        "energy": 23.602687,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 1028.75,
        "volume": 2310,
        "typical_volume": 25279.5,
        "trend": 1033.060348,
        "fair_value": 1065.314295,
        "relative_strength": -9.402138,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.720357,
        "energy": 22.618352,
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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."
    }
  }
}