{
  "ticker": {
    "uuid": "7e9b0ecd-0008-4d91-9d90-2ecfaae7bd7a",
    "symbol": "WELP",
    "name": "Harbor Health Care UCITS ETF - Accumulating",
    "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": 49.236,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 57.533,
    "architecture_energy": 40.414,
    "architecture_maturity": 56.397,
    "architecture_confidence": 48.357,
    "architecture_tenure": "New",
    "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": 25.79,
        "rotation_up": 43.0,
        "upward_expansion": 67.48,
        "deceleration": 65.37,
        "rotation_down": 25.72,
        "downward_expansion": 17.48
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 620.7,
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    "distance_from_trend": 0.072796,
    "trend_direction": "Weakening",
    "fair_value": 554.353111,
    "distance_from_fair_value": 0.119683,
    "fair_value_direction": "Improving",
    "relative_strength": -1.916057,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.100044,
    "excess_performance": 0.048809,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.072796,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -8.6e-05,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.119683,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.132297,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.019161,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.060846,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.100044,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.851993,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 177126,
      "relative_activity": 6.542859,
      "balance": 0.851993,
      "dry_up": 2.790853,
      "accumulation_observations": 1,
      "distribution_observations": 4
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    "risk": {
      "range_context": 0.033612,
      "annualized_volatility": 0.219426,
      "from_high_reference": -0.205056,
      "from_low_reference": 0.212305
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    "levels": {
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      "fair_value_reference": 554.353111,
      "structural_low": 524.599976,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
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        "sample_count": 9,
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        "sufficient": true
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        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-03",
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        "stage": 1,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 17525.85,
        "trend": 577.781666,
        "fair_value": 553.94638,
        "relative_strength": 0.001075,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 67.901026,
        "energy": 87.869402,
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      },
      {
        "date": "2026-07-24",
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        "volume": 30655,
        "typical_volume": 18988.1,
        "trend": 578.291667,
        "fair_value": 554.005995,
        "relative_strength": -1.709884,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.047791,
        "energy": 84.899226,
        "activity_lines": [
          621.5,
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      },
      {
        "date": "2026-07-31",
        "close": 589.7,
        "volume": 9056,
        "typical_volume": 19104.95,
        "trend": 578.315,
        "fair_value": 554.010162,
        "relative_strength": -6.497374,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.292625,
        "energy": 47.037651,
        "activity_lines": [
          609.753333,
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      },
      {
        "date": "2026-08-07",
        "close": 620.7,
        "volume": 177126,
        "typical_volume": 27071.65,
        "trend": 578.581666,
        "fair_value": 554.353111,
        "relative_strength": -1.916057,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.533227,
        "energy": 40.413845,
        "activity_lines": [
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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."
    }
  }
}