{
  "ticker": {
    "uuid": "85aa4f77-84a1-47b1-b3db-597aad143884",
    "symbol": "XDWL",
    "name": "Xtrackers MSCI World UCITS ETF 1D",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "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": 86.028,
    "architecture_energy": 69.19,
    "architecture_maturity": 80.438,
    "architecture_confidence": 81.802,
    "architecture_tenure": "Established",
    "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": 9.78,
        "rotation_up": 58.04,
        "upward_expansion": 85.33,
        "deceleration": 68.3,
        "rotation_down": 28.53,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        114.175333,
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        111.930829,
        109.611488
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 116.415001,
    "trend_reference": 106.90762,
    "distance_from_trend": 0.088931,
    "trend_direction": "Improving",
    "fair_value": 90.406861,
    "distance_from_fair_value": 0.287679,
    "fair_value_direction": "Improving",
    "relative_strength": 4.222511,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.141833,
    "excess_performance": 0.077193,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.088931,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.041703,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.287679,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.041166,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.042225,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.048984,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.141833,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.505889,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 108568,
      "relative_activity": 1.072578,
      "balance": 3.505889,
      "dry_up": 0.882179,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.01719,
      "annualized_volatility": 0.107223,
      "from_high_reference": -0.001672,
      "from_low_reference": 0.241562
    },
    "levels": {
      "trend_reference": 106.90762,
      "fair_value_reference": 90.406861,
      "structural_low": 97.00881,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 40,
        "median_return": 0.01008,
        "positive_rate": 0.65,
        "directional_follow_through": 0.65,
        "median_excess_return": 0.004779,
        "regime_survival": 0.85,
        "best_return": 0.06606,
        "worst_return": -0.082739,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "positive_rate": 0.769231,
        "directional_follow_through": 0.769231,
        "median_excess_return": 0.037005,
        "regime_survival": 0.538462,
        "best_return": 0.099973,
        "worst_return": -0.152986,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.085435,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
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        "regime_survival": 0.428571,
        "best_return": 0.151375,
        "worst_return": -0.075907,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "directional_follow_through": 1.0,
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        "worst_return": 0.012304,
        "sufficient": false
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    ],
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      {
        "regime": "deceleration",
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        "color": "amber",
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        "tenure": "New",
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      {
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        "regime": "rotation_down",
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        "end": "2025-04-11",
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        "regime": "downward_expansion",
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        "end": "2025-06-06",
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        "active": false
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        "regime": "balance",
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        "color": "blue",
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        "end": "2025-07-11",
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        "active": false
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 148421.75,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 143503.5,
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        "relative_strength": 9.178901,
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": 9.047807,
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      },
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 117930.4,
        "trend": 104.758081,
        "fair_value": 89.002518,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 116174.55,
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        "fair_value": 89.29132,
        "relative_strength": 8.517993,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 85.956728,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 113.004997,
        "volume": 93716,
        "typical_volume": 112695.3,
        "trend": 105.658086,
        "fair_value": 89.565678,
        "relative_strength": 8.05423,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.764209,
        "energy": 76.402519,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 113.434998,
        "volume": 66874,
        "typical_volume": 109677.25,
        "trend": 106.07889,
        "fair_value": 89.835341,
        "relative_strength": 6.978696,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.833442,
        "energy": 65.135303,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 112.514999,
        "volume": 88024,
        "typical_volume": 102832.25,
        "trend": 106.471844,
        "fair_value": 90.106986,
        "relative_strength": 3.700406,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.5738,
        "energy": 60.630316,
        "activity_lines": [
          113.171665,
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          111.178979,
          108.969994
        ]
      },
      {
        "date": "2026-08-07",
        "close": 116.415001,
        "volume": 108568,
        "typical_volume": 101221.55,
        "trend": 106.90762,
        "fair_value": 90.406861,
        "relative_strength": 4.222511,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.028256,
        "energy": 69.189879,
        "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."
    }
  }
}