{
  "ticker": {
    "uuid": "97ec734a-bce1-4c4e-b235-9c8103f87c4b",
    "symbol": "IWQU",
    "name": "iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc)",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 81.619,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 90.361,
    "architecture_energy": 72.041,
    "architecture_maturity": 51.141,
    "architecture_confidence": 80.716,
    "architecture_tenure": "Established",
    "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": 8.05,
        "rotation_up": 62.96,
        "upward_expansion": 85.33,
        "deceleration": 61.64,
        "rotation_down": 25.73,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        88.588,
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        86.963667,
        85.597441
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 90.580002,
    "trend_reference": 84.129,
    "distance_from_trend": 0.07668,
    "trend_direction": "Improving",
    "fair_value": 70.886988,
    "distance_from_fair_value": 0.277809,
    "fair_value_direction": "Improving",
    "relative_strength": 0.506971,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.104096,
    "excess_performance": 0.021212,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.07668,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.035804,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.277809,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.024899,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.00507,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.05639,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.104096,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.890649,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 109400,
      "relative_activity": 2.961307,
      "balance": 0.890649,
      "dry_up": 1.187108,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.014386,
      "annualized_volatility": 0.119942,
      "from_high_reference": -0.004943,
      "from_low_reference": 0.227371
    },
    "levels": {
      "trend_reference": 84.129,
      "fair_value_reference": 70.886988,
      "structural_low": 76.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.008549,
        "positive_rate": 0.641026,
        "directional_follow_through": 0.641026,
        "median_excess_return": 0.003393,
        "regime_survival": 0.692308,
        "best_return": 0.063464,
        "worst_return": -0.070255,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
        "median_return": 0.028714,
        "positive_rate": 0.733333,
        "directional_follow_through": 0.733333,
        "median_excess_return": 0.013799,
        "regime_survival": 0.6,
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        "worst_return": -0.083957,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.074621,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.048348,
        "regime_survival": 0.75,
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        "worst_return": -0.179993,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "regime_survival": 0.5,
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        "worst_return": -0.146001,
        "sufficient": false
      }
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-11-29",
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        "active": false
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-16",
        "tenure": "Developing",
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        "active": false
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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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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 53831.45,
        "trend": 80.101,
        "fair_value": 67.888526,
        "relative_strength": 4.367221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 48373.45,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 48514.55,
        "trend": 80.934667,
        "fair_value": 68.540257,
        "relative_strength": 3.809793,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 78.38773,
        "energy": 82.634984,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 86.669998,
        "volume": 24737,
        "typical_volume": 46703.85,
        "trend": 81.221,
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        "relative_strength": 3.655399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 45825.85,
        "trend": 81.539667,
        "fair_value": 68.975705,
        "relative_strength": 4.071124,
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        "regime": "upward_expansion",
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        "direction": 67.925068,
        "energy": 77.402579,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 87.120003,
        "volume": 2215,
        "typical_volume": 35934.4,
        "trend": 81.870334,
        "fair_value": 69.185321,
        "relative_strength": 2.59789,
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        "modifier": "Re-accelerating",
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        "direction": 75.62769,
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": 1.652139,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "trend": 82.472,
        "fair_value": 69.605641,
        "relative_strength": -2.077499,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.200112,
        "energy": 66.638575,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 88.459999,
        "volume": 7997,
        "typical_volume": 31088.7,
        "trend": 82.771667,
        "fair_value": 69.830577,
        "relative_strength": -1.089456,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 79675,
        "typical_volume": 33777.9,
        "trend": 83.05,
        "fair_value": 70.041218,
        "relative_strength": -0.034231,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.074653,
        "energy": 84.622429,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 87.919998,
        "volume": 21459,
        "typical_volume": 33889.7,
        "trend": 83.343333,
        "fair_value": 70.24859,
        "relative_strength": -1.149145,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.855,
        "energy": 84.221383,
        "activity_lines": [
          87.790666,
          87.32,
          85.801572,
          84.655247
        ]
      },
      {
        "date": "2026-07-24",
        "close": 87.279999,
        "volume": 28447,
        "typical_volume": 33780.4,
        "trend": 83.586,
        "fair_value": 70.448462,
        "relative_strength": -1.715754,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.682962,
        "energy": 81.013571,
        "activity_lines": [
          87.717999,
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          86.108095,
          84.909226
        ]
      },
      {
        "date": "2026-07-31",
        "close": 87.5,
        "volume": 16116,
        "typical_volume": 32861.85,
        "trend": 83.826667,
        "fair_value": 70.656603,
        "relative_strength": -1.561199,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.650482,
        "energy": 60.77713,
        "activity_lines": [
          87.687999,
          87.459272,
          86.407238,
          85.161742
        ]
      },
      {
        "date": "2026-08-07",
        "close": 90.580002,
        "volume": 109400,
        "typical_volume": 36943.15,
        "trend": 84.129,
        "fair_value": 70.886988,
        "relative_strength": 0.506971,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.360706,
        "energy": 72.040854,
        "activity_lines": [
          88.588,
          88.069273,
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          85.597441
        ]
      }
    ],
    "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."
    }
  }
}