{
  "ticker": {
    "uuid": "7c7e813b-5c07-47e7-abe4-07b1d7167e94",
    "symbol": "XDWS",
    "name": "Xtrackers MSCI World Consumer Staples UCITS ETF 1C",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 58.727,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 51.954,
    "architecture_energy": 35.935,
    "architecture_maturity": 11.215,
    "architecture_confidence": 79.003,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 40.19,
        "rotation_up": 54.48,
        "upward_expansion": 78.41,
        "deceleration": 51.9,
        "rotation_down": 17.92,
        "downward_expansion": 7.41
      },
      "activity_lines": [
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        55.042645
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 55.855,
    "trend_reference": 55.019167,
    "distance_from_trend": 0.015192,
    "trend_direction": "Improving",
    "fair_value": 49.415876,
    "distance_from_fair_value": 0.130305,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.655753,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.022318,
    "excess_performance": -0.073553,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.015192,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.023689,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.130305,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.002666,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.036558,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020673,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.022318,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.030656,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 29351,
      "relative_activity": 0.438291,
      "balance": 1.030656,
      "dry_up": 0.824881,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.030298,
      "annualized_volatility": 0.153602,
      "from_high_reference": -0.047493,
      "from_low_reference": 0.127018
    },
    "levels": {
      "trend_reference": 55.019167,
      "fair_value_reference": 49.415876,
      "structural_low": 52.27,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
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        "positive_rate": 0.461538,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.011207,
        "regime_survival": 0.384615,
        "best_return": 0.105671,
        "worst_return": -0.082725,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "worst_return": -0.076413,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "directional_follow_through": 0.75,
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        "worst_return": -0.042563,
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      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.057697,
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      {
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        "regime": "rotation_down",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "volume": 29468,
        "typical_volume": 87644.4,
        "trend": 53.255553,
        "fair_value": 48.552126,
        "relative_strength": -2.347141,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 55.07,
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        "typical_volume": 87836.8,
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        "fair_value": 48.606709,
        "relative_strength": -1.588432,
        "stage": 2,
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        "modifier": "Recompressing",
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        "energy": 22.795423,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
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        "typical_volume": 88735.85,
        "trend": 53.503887,
        "fair_value": 48.666549,
        "relative_strength": -0.566698,
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        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
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        "energy": 30.339803,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 45854,
        "typical_volume": 89801.55,
        "trend": 53.619333,
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        "relative_strength": -3.18771,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 40.079647,
        "energy": 30.989755,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 86265.05,
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        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 78418,
        "typical_volume": 87437.4,
        "trend": 53.857667,
        "fair_value": 48.854305,
        "relative_strength": -3.962924,
        "stage": 3,
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        "modifier": "Recompressing",
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        "energy": 6.202628,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 55.25,
        "volume": 1276,
        "typical_volume": 84915.15,
        "trend": 54.007667,
        "fair_value": 48.916677,
        "relative_strength": -2.370938,
        "stage": 3,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-06-19",
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        "volume": 26739,
        "typical_volume": 84480.25,
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        "relative_strength": -3.583156,
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        "modifier": "Recompressing",
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        "energy": 9.859203,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 4448,
        "typical_volume": 78426.4,
        "trend": 54.219,
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        "relative_strength": -1.886857,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.569892,
        "energy": 13.61745,
        "activity_lines": [
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          54.678595,
          54.666699
        ]
      },
      {
        "date": "2026-07-03",
        "close": 55.439999,
        "volume": 23062,
        "typical_volume": 74413.25,
        "trend": 54.349,
        "fair_value": 49.105074,
        "relative_strength": -3.259079,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.233055,
        "energy": 21.058629,
        "activity_lines": [
          55.008,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 54.830002,
        "volume": 77066,
        "typical_volume": 73330.6,
        "trend": 54.460667,
        "fair_value": 49.164465,
        "relative_strength": -2.488873,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 32.199874,
        "energy": 20.669934,
        "activity_lines": [
          55.020667,
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          54.713786,
          54.776505
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      },
      {
        "date": "2026-07-17",
        "close": 56.23,
        "volume": 86275,
        "typical_volume": 71448.6,
        "trend": 54.607333,
        "fair_value": 49.229401,
        "relative_strength": -0.822765,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.664596,
        "energy": 37.676264,
        "activity_lines": [
          55.44,
          55.089091,
          54.854333,
          54.890656
        ]
      },
      {
        "date": "2026-07-24",
        "close": 54.855,
        "volume": 53390,
        "typical_volume": 71992.05,
        "trend": 54.726167,
        "fair_value": 49.282831,
        "relative_strength": -4.291731,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 34.60922,
        "energy": 30.794455,
        "activity_lines": [
          55.335667,
          55.074546,
          54.87481,
          54.906634
        ]
      },
      {
        "date": "2026-07-31",
        "close": 55.855,
        "volume": 51943,
        "typical_volume": 69843.4,
        "trend": 54.875667,
        "fair_value": 49.348568,
        "relative_strength": -3.573688,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 52.19056,
        "energy": 31.831205,
        "activity_lines": [
          55.499,
          55.250637,
          54.991643,
          54.979462
        ]
      },
      {
        "date": "2026-08-07",
        "close": 55.855,
        "volume": 29351,
        "typical_volume": 66966.9,
        "trend": 55.019167,
        "fair_value": 49.415876,
        "relative_strength": -3.655753,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.954193,
        "energy": 35.934773,
        "activity_lines": [
          55.636667,
          55.414455,
          55.104595,
          55.042645
        ]
      }
    ],
    "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."
    }
  }
}