{
  "ticker": {
    "uuid": "9628708b-44f7-4245-9acc-d7e8c49ee8c7",
    "symbol": "MVSH",
    "name": "iShares Edge MSCI World Minimum Volatility UCITS ETF",
    "exchange": "EBS",
    "country": "CH",
    "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": "^SSMI",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 67.586,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "up",
    "architecture_direction": 84.769,
    "architecture_energy": 76.426,
    "architecture_maturity": 9.014,
    "architecture_confidence": 63.125,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 19.72,
        "rotation_up": 81.52,
        "upward_expansion": 93.36,
        "deceleration": 39.36,
        "rotation_down": 9.27,
        "downward_expansion": 15.36
      },
      "activity_lines": [
        7.429267,
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        7.289809
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 7.558,
    "trend_reference": 7.283567,
    "distance_from_trend": 0.037678,
    "trend_direction": "Improving",
    "fair_value": 6.939918,
    "distance_from_fair_value": 0.089062,
    "fair_value_direction": "Improving",
    "relative_strength": -6.322778,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.026205,
    "excess_performance": -0.056678,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.037678,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.004256,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.089062,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.046379,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.063228,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.011882,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.026205,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.486908,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 51933,
      "relative_activity": 0.574476,
      "balance": 3.486908,
      "dry_up": 0.763631,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.016457,
      "annualized_volatility": 0.08997,
      "from_high_reference": -0.003691,
      "from_low_reference": 0.068873
    },
    "levels": {
      "trend_reference": 7.283567,
      "fair_value_reference": 6.939918,
      "structural_low": 7.096,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.009104,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.006527,
        "regime_survival": 0.4,
        "best_return": 0.023652,
        "worst_return": -0.078618,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.042703,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.004149,
        "regime_survival": 0.0,
        "best_return": 0.056117,
        "worst_return": -0.086766,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.022476,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.042554,
        "regime_survival": 0.0,
        "best_return": 0.064294,
        "worst_return": -0.142146,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.048605,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.061972,
        "regime_survival": 0.0,
        "best_return": 0.154401,
        "worst_return": -0.05719,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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        "end": "2025-02-21",
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        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-04-11",
        "tenure": "Developing",
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      },
      {
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      {
        "regime": "upward_expansion",
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      {
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        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 68388.7,
        "trend": 7.25014,
        "fair_value": 6.845803,
        "relative_strength": -5.134616,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -33.168877,
        "energy": 29.217634,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
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        "typical_volume": 77639.2,
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        "fair_value": 6.851873,
        "relative_strength": -5.365888,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.037215,
        "energy": 33.181292,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-22",
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        "typical_volume": 95477.15,
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        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -15.036684,
        "energy": 13.404081,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 100335.15,
        "trend": 7.2527,
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        "relative_strength": -6.620731,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -34.848443,
        "energy": 16.888186,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 96815.25,
        "trend": 7.2568,
        "fair_value": 6.873841,
        "relative_strength": -5.147402,
        "stage": 3,
        "regime": "balance",
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        "gate": "down",
        "direction": -30.223746,
        "energy": 15.685393,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 92664.05,
        "trend": 7.257567,
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        "relative_strength": -6.941287,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-19",
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        "direction": -56.650066,
        "energy": 24.959249,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 87861.8,
        "trend": 7.252933,
        "fair_value": 6.893822,
        "relative_strength": -9.234718,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.046821,
        "energy": 10.47493,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 13259,
        "typical_volume": 84828.85,
        "trend": 7.257267,
        "fair_value": 6.901777,
        "relative_strength": -9.561315,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.776021,
        "energy": 14.365813,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-10",
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        "volume": 74049,
        "typical_volume": 85739.3,
        "trend": 7.2608,
        "fair_value": 6.909251,
        "relative_strength": -8.689677,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.195267,
        "energy": 20.935861,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-17",
        "close": 7.361,
        "volume": 124565,
        "typical_volume": 90391.0,
        "trend": 7.2657,
        "fair_value": 6.916271,
        "relative_strength": -8.363398,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 28.978715,
        "energy": 41.056108,
        "activity_lines": [
          7.314667,
          7.279073,
          7.247824,
          7.257981
        ]
      },
      {
        "date": "2026-07-24",
        "close": 7.351,
        "volume": 15534,
        "typical_volume": 88063.2,
        "trend": 7.269467,
        "fair_value": 6.923354,
        "relative_strength": -8.085566,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 24.171085,
        "energy": 47.22748,
        "activity_lines": [
          7.338667,
          7.296145,
          7.258157,
          7.263484
        ]
      },
      {
        "date": "2026-07-31",
        "close": 7.393,
        "volume": 84099,
        "typical_volume": 89825.7,
        "trend": 7.2735,
        "fair_value": 6.931238,
        "relative_strength": -7.385776,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 39.493992,
        "energy": 50.756088,
        "activity_lines": [
          7.360467,
          7.317636,
          7.272643,
          7.271454
        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.558,
        "volume": 51933,
        "typical_volume": 90400.65,
        "trend": 7.283567,
        "fair_value": 6.939918,
        "relative_strength": -6.322778,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 84.768779,
        "energy": 76.425579,
        "activity_lines": [
          7.429267,
          7.367091,
          7.302624,
          7.289809
        ]
      }
    ],
    "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."
    }
  }
}