{
  "ticker": {
    "uuid": "8d27e712-84e3-48e9-bff8-3ec7051b1bf6",
    "symbol": "VERE",
    "name": "Vanguard FTSE Developed Europe ex UK UCITS ETF Accuimulation",
    "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": 81.388,
    "architecture_energy": 67.551,
    "architecture_maturity": 43.129,
    "architecture_confidence": 91.211,
    "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": 12.08,
        "rotation_up": 57.46,
        "upward_expansion": 82.89,
        "deceleration": 58.28,
        "rotation_down": 25.26,
        "downward_expansion": 11.89
      },
      "activity_lines": [
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        58.668882
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 62.259998,
    "trend_reference": 57.642334,
    "distance_from_trend": 0.080109,
    "trend_direction": "Improving",
    "fair_value": 48.664808,
    "distance_from_fair_value": 0.279364,
    "fair_value_direction": "Improving",
    "relative_strength": 3.911201,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.09632,
    "excess_performance": 0.03168,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.080109,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.041221,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.279364,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.066941,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.039112,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.024306,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.09632,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.532751,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 46510,
      "relative_activity": 1.050122,
      "balance": 2.532751,
      "dry_up": 0.745691,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.019756,
      "annualized_volatility": 0.157843,
      "from_high_reference": -0.00384,
      "from_low_reference": 0.251961
    },
    "levels": {
      "trend_reference": 57.642334,
      "fair_value_reference": 48.664808,
      "structural_low": 51.0,
      "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": 37,
        "median_return": 0.0122,
        "positive_rate": 0.594595,
        "directional_follow_through": 0.594595,
        "median_excess_return": 0.004088,
        "regime_survival": 0.783784,
        "best_return": 0.076208,
        "worst_return": -0.106858,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "worst_return": -0.060245,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 9,
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        "directional_follow_through": 0.777778,
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        "regime_survival": 0.666667,
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        "worst_return": -0.147678,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.093173,
        "sufficient": false
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "regime": "balance",
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        "regime": "downward_expansion",
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      },
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        "date": "2026-05-01",
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        "modifier": "Re-acceleration watch",
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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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      },
      {
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      {
        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 49084.2,
        "trend": 56.592001,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 48.136346,
        "relative_strength": 7.176715,
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      },
      {
        "date": "2026-07-17",
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        "volume": 36470,
        "typical_volume": 49109.45,
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        "fair_value": 48.262949,
        "relative_strength": 7.490147,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.791749,
        "energy": 77.695947,
        "activity_lines": [
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          58.668667,
          57.89628
        ]
      },
      {
        "date": "2026-07-24",
        "close": 60.540001,
        "volume": 20522,
        "typical_volume": 47214.3,
        "trend": 57.247001,
        "fair_value": 48.388237,
        "relative_strength": 6.488514,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 63.103986,
        "energy": 68.969933,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 60.900002,
        "volume": 28605,
        "typical_volume": 46426.5,
        "trend": 57.443334,
        "fair_value": 48.522308,
        "relative_strength": 4.636851,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.500695,
        "energy": 55.81457,
        "activity_lines": [
          60.676668,
          60.439092,
          59.285096,
          58.35813
        ]
      },
      {
        "date": "2026-08-07",
        "close": 62.259998,
        "volume": 46510,
        "typical_volume": 44290.1,
        "trend": 57.642334,
        "fair_value": 48.664808,
        "relative_strength": 3.911201,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.387507,
        "energy": 67.550883,
        "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."
    }
  }
}