{
  "ticker": {
    "uuid": "94f4401b-5bae-4d45-a21d-90f89eb115e7",
    "symbol": "AMUB",
    "name": "UBS AG London Branch",
    "exchange": "NYSE",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 78.124,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 62.188,
    "architecture_energy": 73.363,
    "architecture_maturity": 8.078,
    "architecture_confidence": 67.836,
    "architecture_tenure": "New",
    "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": 24.56,
        "rotation_up": 74.22,
        "upward_expansion": 89.55,
        "deceleration": 44.89,
        "rotation_down": 8.5,
        "downward_expansion": 16.21
      },
      "activity_lines": [
        22.92326,
        22.485775,
        22.334316,
        22.152752
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 22.8743,
    "trend_reference": 21.764945,
    "distance_from_trend": 0.05097,
    "trend_direction": "Improving",
    "fair_value": 17.577916,
    "distance_from_fair_value": 0.301309,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.531769,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.118067,
    "excess_performance": -0.007558,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.05097,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.056966,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.301309,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.024986,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.005318,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.017336,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.118067,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.445555,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 96570,
      "relative_activity": 11.205746,
      "balance": 0.445555,
      "dry_up": 2.834101,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.027271,
      "annualized_volatility": 0.159422,
      "from_high_reference": -0.028535,
      "from_low_reference": 0.336432
    },
    "levels": {
      "trend_reference": 21.764945,
      "fair_value_reference": 17.577916,
      "structural_low": 20.58927,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 45,
        "median_return": 0.005981,
        "positive_rate": 0.577778,
        "directional_follow_through": 0.577778,
        "median_excess_return": -0.003474,
        "regime_survival": 0.711111,
        "best_return": 0.119106,
        "worst_return": -0.121079,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 17,
        "median_return": 0.022691,
        "positive_rate": 0.823529,
        "directional_follow_through": 0.823529,
        "median_excess_return": 0.023738,
        "regime_survival": 0.470588,
        "best_return": 0.146978,
        "worst_return": -0.04122,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.076145,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.045703,
        "regime_survival": 0.5,
        "best_return": 0.197445,
        "worst_return": 0.009527,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.094763,
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        "directional_follow_through": 1.0,
        "median_excess_return": 0.005442,
        "regime_survival": 0.25,
        "best_return": 0.274352,
        "worst_return": 0.028771,
        "sufficient": false
      }
    ],
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        "end": "2024-12-27",
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        "return": 0.022538,
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-17",
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      },
      {
        "regime": "deceleration",
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        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.09087,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-29",
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        "active": false
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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      {
        "regime": "rotation_up",
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -0.753928,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 4273.65,
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        "fair_value": 17.313767,
        "relative_strength": -0.703861,
        "stage": 2,
        "regime": "deceleration",
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        "energy": 18.216142,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 178,
        "typical_volume": 4270.85,
        "trend": 21.335061,
        "fair_value": 17.378345,
        "relative_strength": 3.705939,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.505033,
        "energy": 22.722359,
        "activity_lines": [
          22.019667,
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          22.047358,
          21.846722
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      },
      {
        "date": "2026-07-24",
        "close": 23.0811,
        "volume": 422,
        "typical_volume": 4184.6,
        "trend": 21.486683,
        "fair_value": 17.444713,
        "relative_strength": 6.257163,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 70.304551,
        "energy": 51.266133,
        "activity_lines": [
          22.451127,
          22.162838,
          22.151131,
          21.95937
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.2459,
        "volume": 526,
        "typical_volume": 4035.5,
        "trend": 21.63609,
        "fair_value": 17.513116,
        "relative_strength": 5.780178,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.117627,
        "energy": 74.104495,
        "activity_lines": [
          22.80796,
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          22.264447,
          22.072868
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.8743,
        "volume": 96570,
        "typical_volume": 8617.9,
        "trend": 21.764945,
        "fair_value": 17.577916,
        "relative_strength": 0.531769,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.188417,
        "energy": 73.362756,
        "activity_lines": [
          22.92326,
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          22.334316,
          22.152752
        ]
      }
    ],
    "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."
    }
  }
}