{
  "ticker": {
    "uuid": "951d07b9-cc04-45cf-9325-227e7646f4f8",
    "symbol": "XESX",
    "name": "Xtrackers Euro Stoxx 50 UCITS ETF 1D",
    "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": 83.187,
    "architecture_energy": 58.055,
    "architecture_maturity": 31.755,
    "architecture_confidence": 86.426,
    "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": 10.47,
        "rotation_up": 58.99,
        "upward_expansion": 81.61,
        "deceleration": 57.56,
        "rotation_down": 23.75,
        "downward_expansion": 8.28
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 5893.0,
    "trend_reference": 5443.808675,
    "distance_from_trend": 0.082514,
    "trend_direction": "Improving",
    "fair_value": 4644.705465,
    "distance_from_fair_value": 0.268756,
    "fair_value_direction": "Improving",
    "relative_strength": 2.828101,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.089145,
    "excess_performance": 0.03791,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082514,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029696,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.268756,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.081001,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.028281,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.037314,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.089145,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.426215,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 43682,
      "relative_activity": 0.64597,
      "balance": 1.426215,
      "dry_up": 0.866863,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.023857,
      "annualized_volatility": 0.179661,
      "from_high_reference": -0.005904,
      "from_low_reference": 0.236055
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    "levels": {
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      "fair_value_reference": 4644.705465,
      "structural_low": 4825.872292,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Near term",
        "sample_count": 34,
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        "worst_return": -0.10714,
        "sufficient": true
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        "horizon": "Intermediate",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 5642.0,
        "volume": 44106,
        "typical_volume": 77264.1,
        "trend": 5412.886556,
        "fair_value": 4621.005747,
        "relative_strength": -0.024571,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 59.637448,
        "energy": 44.30051,
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      },
      {
        "date": "2026-07-31",
        "close": 5715.5,
        "volume": 31208,
        "typical_volume": 72482.45,
        "trend": 5427.330827,
        "fair_value": 4632.228254,
        "relative_strength": 0.042876,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.2797,
        "energy": 42.298058,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 5893.0,
        "volume": 43682,
        "typical_volume": 67622.3,
        "trend": 5443.808675,
        "fair_value": 4644.705465,
        "relative_strength": 2.828101,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.187472,
        "energy": 58.054783,
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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."
    }
  }
}