{
  "ticker": {
    "uuid": "8e1c4579-6479-4466-9c72-05bff34c2f60",
    "symbol": "XMEU",
    "name": "Xtrackers MSCI Europe UCITS ETF 1C",
    "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": 82.071,
    "architecture_energy": 61.168,
    "architecture_maturity": 33.323,
    "architecture_confidence": 86.566,
    "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": 10.13,
        "rotation_up": 60.11,
        "upward_expansion": 82.63,
        "deceleration": 56.12,
        "rotation_down": 23.72,
        "downward_expansion": 9.29
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 10462.0,
    "trend_reference": 9832.45,
    "distance_from_trend": 0.064028,
    "trend_direction": "Improving",
    "fair_value": 8216.617181,
    "distance_from_fair_value": 0.273273,
    "fair_value_direction": "Improving",
    "relative_strength": 1.238986,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.079224,
    "excess_performance": 0.027989,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.064028,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033568,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.273273,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.051899,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.01239,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.0095,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.079224,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.264944,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 34836,
      "relative_activity": 0.437448,
      "balance": 4.264944,
      "dry_up": 0.779505,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.018309,
      "annualized_volatility": 0.150397,
      "from_high_reference": -0.134068,
      "from_low_reference": 0.232418
    },
    "levels": {
      "trend_reference": 9832.45,
      "fair_value_reference": 8216.617181,
      "structural_low": 8813.146484,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 33,
        "median_return": 0.003425,
        "positive_rate": 0.606061,
        "directional_follow_through": 0.606061,
        "median_excess_return": 0.004431,
        "regime_survival": 0.757576,
        "best_return": 0.053252,
        "worst_return": -0.099692,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.015038,
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        "directional_follow_through": 0.538462,
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        "worst_return": -0.040772,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 9,
        "median_return": 0.048336,
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        "directional_follow_through": 0.777778,
        "median_excess_return": 0.00846,
        "regime_survival": 0.666667,
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        "worst_return": -0.102127,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.058794,
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        "worst_return": -0.061858,
        "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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        "active": false
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        "regime": "deceleration",
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      {
        "date": "2026-04-10",
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        "date": "2026-06-05",
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      {
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-17",
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        "volume": 92592,
        "typical_volume": 80338.05,
        "trend": 9743.766667,
        "fair_value": 8149.488976,
        "relative_strength": 0.457265,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-24",
        "close": 10182.0,
        "volume": 24279,
        "typical_volume": 80036.15,
        "trend": 9773.083333,
        "fair_value": 8170.569104,
        "relative_strength": 0.129893,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.864801,
        "energy": 50.575847,
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      },
      {
        "date": "2026-07-31",
        "close": 10264.0,
        "volume": 96595,
        "typical_volume": 80697.4,
        "trend": 9802.55,
        "fair_value": 8192.950515,
        "relative_strength": -0.334135,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.036703,
        "energy": 47.796981,
        "activity_lines": [
          10191.4,
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          10037.395238,
          9923.034409
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      },
      {
        "date": "2026-08-07",
        "close": 10462.0,
        "volume": 34836,
        "typical_volume": 79634.55,
        "trend": 9832.45,
        "fair_value": 8216.617181,
        "relative_strength": 1.238986,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.070662,
        "energy": 61.168389,
        "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."
    }
  }
}