{
  "ticker": {
    "uuid": "7ed1812c-18f5-4cd2-ac1a-97177826ce0b",
    "symbol": "TSGB",
    "name": "VanEck World Equal Weight Screened UCITS ETF",
    "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": 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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 57.807,
    "architecture_energy": 37.411,
    "architecture_maturity": 61.136,
    "architecture_confidence": 89.248,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 24.97,
        "rotation_up": 36.66,
        "upward_expansion": 64.9,
        "deceleration": 88.22,
        "rotation_down": 27.31,
        "downward_expansion": 17.23
      },
      "activity_lines": [
        36.279166,
        36.358273,
        35.834945,
        35.15441
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 36.947498,
    "trend_reference": 34.394903,
    "distance_from_trend": 0.074214,
    "trend_direction": "Improving",
    "fair_value": 28.342105,
    "distance_from_fair_value": 0.303626,
    "fair_value_direction": "Improving",
    "relative_strength": 3.396313,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.112395,
    "excess_performance": 0.061159,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.074214,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044844,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.303626,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.043593,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.033963,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.004541,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.112395,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.000061,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 32232,
      "relative_activity": 1.197521,
      "balance": 2.000061,
      "dry_up": 0.863328,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.026401,
      "annualized_volatility": 0.135174,
      "from_high_reference": -0.007321,
      "from_low_reference": 0.261555
    },
    "levels": {
      "trend_reference": 34.394903,
      "fair_value_reference": 28.342105,
      "structural_low": 30.370001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.048016,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.020704,
        "regime_survival": 0.166667,
        "best_return": 0.063513,
        "worst_return": -0.073531,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.000215,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.01921,
        "regime_survival": 0.0,
        "best_return": 0.145968,
        "worst_return": -0.082415,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.042064,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.033788,
        "regime_survival": 0.0,
        "best_return": 0.050179,
        "worst_return": -0.018042,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.001148,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.001476,
        "regime_survival": 0.0,
        "best_return": 0.075575,
        "worst_return": -0.07787,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-16",
        "tenure": "Established",
        "return": 0.002986,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-23",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.017836,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.023725,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-17",
        "tenure": "New",
        "return": 0.03025,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-24",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.033847,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.092682,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-11",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.0843,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-09",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.023999,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": 0.014198,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-27",
        "end": "2025-07-11",
        "tenure": "New",
        "return": 0.01374,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2026-03-27",
        "tenure": "Extended",
        "return": 0.074945,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-05-01",
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        "return": 0.045528,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-07-31",
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        "return": 0.044553,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-22",
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      },
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "volume": 8795,
        "typical_volume": 27149.6,
        "trend": 33.743281,
        "fair_value": 27.911456,
        "relative_strength": 5.819051,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 27310.1,
        "trend": 33.896692,
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        "relative_strength": 6.587269,
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        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 66.891563,
        "energy": 82.963209,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 35.73,
        "volume": 16340,
        "typical_volume": 26714.15,
        "trend": 34.018113,
        "fair_value": 28.083766,
        "relative_strength": 3.051279,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.169938,
        "energy": 56.042121,
        "activity_lines": [
          36.406501,
          36.278399,
          35.359978,
          34.742891
        ]
      },
      {
        "date": "2026-07-24",
        "close": 36.047501,
        "volume": 11073,
        "typical_volume": 26236.3,
        "trend": 34.149868,
        "fair_value": 28.166434,
        "relative_strength": 2.582968,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.719171,
        "energy": 43.617922,
        "activity_lines": [
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          35.512308,
          34.873819
        ]
      },
      {
        "date": "2026-07-31",
        "close": 35.82,
        "volume": 33303,
        "typical_volume": 26184.85,
        "trend": 34.268471,
        "fair_value": 28.250307,
        "relative_strength": 0.638397,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 43.405774,
        "energy": 31.785363,
        "activity_lines": [
          36.033,
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          35.628436,
          34.98157
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.947498,
        "volume": 32232,
        "typical_volume": 26915.6,
        "trend": 34.394903,
        "fair_value": 28.342105,
        "relative_strength": 3.396313,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.80699,
        "energy": 37.411162,
        "activity_lines": [
          36.279166,
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          35.15441
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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."
    }
  }
}