{
  "ticker": {
    "uuid": "818b058f-d599-4485-9b35-37693b72d53f",
    "symbol": "XMCX",
    "name": "Xtrackers FTSE 250 UCITS ETF 1D",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 93.702,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 92.56,
    "architecture_energy": 91.79,
    "architecture_maturity": 24.624,
    "architecture_confidence": 68.596,
    "architecture_tenure": "Developing",
    "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": 1.56,
        "rotation_up": 86.23,
        "upward_expansion": 98.48,
        "deceleration": 39.04,
        "rotation_down": 9.57,
        "downward_expansion": 20.48
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 2343.25,
    "trend_reference": 2164.067867,
    "distance_from_trend": 0.082799,
    "trend_direction": "Improving",
    "fair_value": 1971.220624,
    "distance_from_fair_value": 0.18873,
    "fair_value_direction": "Improving",
    "relative_strength": 1.83499,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.073919,
    "excess_performance": 0.022684,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082799,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.022873,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.18873,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.080304,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.01835,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.046523,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.073919,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.032192,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8705,
      "relative_activity": 0.833908,
      "balance": 1.032192,
      "dry_up": 0.458338,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.020697,
      "annualized_volatility": 0.158309,
      "from_high_reference": -0.001687,
      "from_low_reference": 0.216308
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    "levels": {
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      "fair_value_reference": 1971.220624,
      "structural_low": 1926.526974,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Near term",
        "sample_count": 21,
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        "sufficient": true
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      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 10785.85,
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        "fair_value": 1964.953957,
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        "modifier": "Early expansion",
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        "energy": 68.66248,
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      },
      {
        "date": "2026-07-31",
        "close": 2259.75,
        "volume": 1800,
        "typical_volume": 10211.25,
        "trend": 2158.033329,
        "fair_value": 1967.789247,
        "relative_strength": -1.623514,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.692571,
        "energy": 75.900154,
        "activity_lines": [
          2236.35,
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      },
      {
        "date": "2026-08-07",
        "close": 2343.25,
        "volume": 8705,
        "typical_volume": 10438.8,
        "trend": 2164.067867,
        "fair_value": 1971.220624,
        "relative_strength": 1.83499,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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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."
    }
  }
}