{
  "ticker": {
    "uuid": "92a76768-b01b-432b-aa2f-3e6b23ac5079",
    "symbol": "EWL",
    "name": "ISHARES INC MSCI SWITZERLAND ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "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": "SPY",
    "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": 74.578,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 74.843,
    "architecture_energy": 51.841,
    "architecture_maturity": 18.382,
    "architecture_confidence": 78.447,
    "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": 15.18,
        "rotation_up": 61.3,
        "upward_expansion": 82.94,
        "deceleration": 51.73,
        "rotation_down": 20.45,
        "downward_expansion": 7.27
      },
      "activity_lines": [
        63.38,
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        61.531074
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 64.5,
    "trend_reference": 60.996395,
    "distance_from_trend": 0.05744,
    "trend_direction": "Improving",
    "fair_value": 50.964727,
    "distance_from_fair_value": 0.265581,
    "fair_value_direction": "Improving",
    "relative_strength": -2.332303,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.040423,
    "excess_performance": -0.085202,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.05744,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.028142,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.265581,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.037238,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.023323,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.023211,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.040423,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.300417,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2141556,
      "relative_activity": 0.769774,
      "balance": 1.300417,
      "dry_up": 0.765237,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.026473,
      "annualized_volatility": 0.177613,
      "from_high_reference": -0.002629,
      "from_low_reference": 0.235698
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    "levels": {
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      "fair_value_reference": 50.964727,
      "structural_low": 54.997692,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 32,
        "median_return": 0.000401,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "worst_return": -0.125349,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
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        "horizon": "Extended",
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        "sufficient": true
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        "horizon": "Full cycle",
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        "regime": "balance",
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        "regime": "upward_expansion",
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      },
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        "date": "2026-07-03",
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      },
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      },
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        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 3150716.5,
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        "fair_value": 50.709561,
        "relative_strength": -1.60014,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 60.265771,
        "energy": 58.658547,
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      },
      {
        "date": "2026-07-31",
        "close": 63.16,
        "volume": 1788404,
        "typical_volume": 2948906.4,
        "trend": 60.830649,
        "fair_value": 50.832789,
        "relative_strength": -1.006832,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.762762,
        "energy": 43.382676,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 64.5,
        "volume": 2141556,
        "typical_volume": 2782058.95,
        "trend": 60.996395,
        "fair_value": 50.964727,
        "relative_strength": -2.332303,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.842623,
        "energy": 51.841195,
        "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."
    }
  }
}