{
  "ticker": {
    "uuid": "957c00ff-bcfe-4f4a-a7ee-5b71bd256d6c",
    "symbol": "PRJU",
    "name": "Amundi Index Solutions - Amundi Prime Japan UCITS ETF DR",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.861,
    "architecture_energy": 67.762,
    "architecture_maturity": 93.0,
    "architecture_confidence": 86.213,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 10.87,
        "rotation_up": 29.83,
        "upward_expansion": 12.0,
        "deceleration": 60.98,
        "rotation_down": 53.74,
        "downward_expansion": 83.0
      },
      "activity_lines": [
        42.435417,
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 43.830002,
    "trend_reference": 2796.714368,
    "distance_from_trend": -0.984328,
    "trend_direction": "Weakening",
    "fair_value": 2970.683603,
    "distance_from_fair_value": -0.985246,
    "fair_value_direction": "Weakening",
    "relative_strength": -98.735249,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.98906,
    "excess_performance": -1.040295,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.984328,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.275484,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.985246,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.32919,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.987352,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -1.059218,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.98906,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.000865,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 117443,
      "relative_activity": 1.018251,
      "balance": 3.000865,
      "dry_up": 0.745613,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 7.885019,
      "annualized_volatility": 6.390338,
      "from_high_reference": -0.991989,
      "from_low_reference": 0.078494
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    "levels": {
      "trend_reference": 2796.714368,
      "fair_value_reference": 2970.683603,
      "structural_low": 40.639999,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 14,
        "median_return": -0.006032,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.014857,
        "regime_survival": 0.928571,
        "best_return": 0.11215,
        "worst_return": -0.084412,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.081446,
        "positive_rate": 0.25,
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        "regime_survival": 0.75,
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        "worst_return": -0.121206,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.061778,
        "positive_rate": 0.5,
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        "median_excess_return": -0.084173,
        "regime_survival": 0.5,
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        "worst_return": -0.200904,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
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        "sufficient": false
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        "regime": "rotation_down",
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        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
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        "regime": "deceleration",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 114825.75,
        "trend": 3043.312827,
        "fair_value": 3002.881034,
        "relative_strength": -98.828711,
        "stage": 4,
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        "energy": 88.324221,
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      },
      {
        "date": "2026-07-31",
        "close": 41.841251,
        "volume": 72978,
        "typical_volume": 112886.55,
        "trend": 2922.399198,
        "fair_value": 2986.694017,
        "relative_strength": -98.815528,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.280094,
        "energy": 68.437297,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 43.830002,
        "volume": 117443,
        "typical_volume": 115338.0,
        "trend": 2796.714368,
        "fair_value": 2970.683603,
        "relative_strength": -98.735249,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.860959,
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        "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."
    }
  }
}