{
  "ticker": {
    "uuid": "81468b5e-2aca-4b47-b885-d113098fba2f",
    "symbol": "PSRW",
    "name": "Invesco RAFI All-World Fundamental Value 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.758,
    "architecture_energy": 54.848,
    "architecture_maturity": 97.52,
    "architecture_confidence": 75.524,
    "architecture_tenure": "Extended",
    "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": 18.29,
        "rotation_up": 52.18,
        "upward_expansion": 81.61,
        "deceleration": 67.72,
        "rotation_down": 28.25,
        "downward_expansion": 8.28
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 3055.5,
    "trend_reference": 2861.960483,
    "distance_from_trend": 0.067625,
    "trend_direction": "Improving",
    "fair_value": 2346.221321,
    "distance_from_fair_value": 0.302307,
    "fair_value_direction": "Improving",
    "relative_strength": 3.140999,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.106499,
    "excess_performance": 0.055264,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.067625,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.048785,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.302307,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.017031,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.03141,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.03655,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.106499,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.099297,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 91875,
      "relative_activity": 1.479304,
      "balance": 2.099297,
      "dry_up": 1.035795,
      "accumulation_observations": 4,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.018984,
      "annualized_volatility": 0.098726,
      "from_high_reference": -0.095354,
      "from_low_reference": 0.295204
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    "levels": {
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      "fair_value_reference": 2346.221321,
      "structural_low": 2584.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 34,
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        "positive_rate": 0.647059,
        "directional_follow_through": 0.647059,
        "median_excess_return": 0.003105,
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        "worst_return": -0.084447,
        "sufficient": true
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      {
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      },
      {
        "date": "2026-07-24",
        "close": 3005.0,
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        "typical_volume": 61191.35,
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        "fair_value": 2332.326453,
        "relative_strength": 3.276439,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 2995.0,
        "volume": 55430,
        "typical_volume": 59846.0,
        "trend": 2849.624285,
        "fair_value": 2339.035933,
        "relative_strength": 1.550326,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 40.495554,
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      },
      {
        "date": "2026-08-07",
        "close": 3055.5,
        "volume": 91875,
        "typical_volume": 62106.9,
        "trend": 2861.960483,
        "fair_value": 2346.221321,
        "relative_strength": 3.140999,
        "stage": 2,
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        "modifier": "Established expansion",
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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."
    }
  }
}