{
  "ticker": {
    "uuid": "9836f4bd-8c21-4b6a-910d-744e0e7b8cec",
    "symbol": "UIW1",
    "name": "UBS MSCI Europe Socially Responsible UCITS ETF EUR acc",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "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": 92.312,
    "architecture_energy": 92.914,
    "architecture_maturity": 29.436,
    "architecture_confidence": 86.538,
    "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": 3.33,
        "rotation_up": 75.41,
        "upward_expansion": 96.83,
        "deceleration": 42.25,
        "rotation_down": 17.9,
        "downward_expansion": 21.16
      },
      "activity_lines": [
        18.579466,
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        18.0204,
        17.717673
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 19.063999,
    "trend_reference": 17.442733,
    "distance_from_trend": 0.092948,
    "trend_direction": "Improving",
    "fair_value": 15.904045,
    "distance_from_fair_value": 0.198689,
    "fair_value_direction": "Improving",
    "relative_strength": 3.589802,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.108888,
    "excess_performance": 0.044248,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.092948,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.032237,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.198689,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.091443,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.035898,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.012511,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.108888,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.875586,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 22808,
      "relative_activity": 4.415791,
      "balance": 1.875586,
      "dry_up": 1.717634,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.017431,
      "annualized_volatility": 0.158003,
      "from_high_reference": -0.002512,
      "from_low_reference": 0.22677
    },
    "levels": {
      "trend_reference": 17.442733,
      "fair_value_reference": 15.904045,
      "structural_low": 15.54,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 29,
        "median_return": 0.011739,
        "positive_rate": 0.62069,
        "directional_follow_through": 0.62069,
        "median_excess_return": -0.001227,
        "regime_survival": 0.724138,
        "best_return": 0.072946,
        "worst_return": -0.104552,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
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        "directional_follow_through": 0.636364,
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        "regime_survival": 0.545455,
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        "worst_return": -0.05095,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "regime_survival": 0.333333,
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        "worst_return": -0.056311,
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        "horizon": "Full cycle",
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        "typical_volume": 13996.0,
        "trend": 16.80457,
        "fair_value": 15.502994,
        "relative_strength": 1.866438,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.881026,
        "energy": 26.899778,
        "activity_lines": [
          17.0924,
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          16.898438,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 11928.1,
        "trend": 16.825703,
        "fair_value": 15.525007,
        "relative_strength": 2.338729,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 43.970774,
        "energy": 34.546639,
        "activity_lines": [
          17.163733,
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          16.894465
        ]
      },
      {
        "date": "2026-05-15",
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        "volume": 2498,
        "typical_volume": 11637.85,
        "trend": 16.83897,
        "fair_value": 15.545699,
        "relative_strength": 3.319101,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 49.489007,
        "energy": 33.533627,
        "activity_lines": [
          17.1432,
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          16.911
        ]
      },
      {
        "date": "2026-05-22",
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        "volume": 5620,
        "typical_volume": 11394.35,
        "trend": 16.863333,
        "fair_value": 15.571597,
        "relative_strength": 2.918324,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 65.978001,
        "energy": 44.251121,
        "activity_lines": [
          17.306001,
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          16.995562,
          16.965647
        ]
      },
      {
        "date": "2026-05-29",
        "close": 17.656,
        "volume": 4620,
        "typical_volume": 8978.25,
        "trend": 16.898,
        "fair_value": 15.597417,
        "relative_strength": 1.838452,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.877985,
        "energy": 47.489387,
        "activity_lines": [
          17.448267,
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      },
      {
        "date": "2026-06-05",
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        "volume": 420,
        "typical_volume": 7963.6,
        "trend": 16.943933,
        "fair_value": 15.62452,
        "relative_strength": 3.167636,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.86648,
        "energy": 56.627225,
        "activity_lines": [
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          17.065303
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      },
      {
        "date": "2026-06-12",
        "close": 17.862,
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        "typical_volume": 7399.95,
        "trend": 16.9912,
        "fair_value": 15.651763,
        "relative_strength": 4.871879,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.245116,
        "energy": 68.227727,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 7155.15,
        "trend": 17.053067,
        "fair_value": 15.682251,
        "relative_strength": 3.965633,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.820264,
        "energy": 72.680502,
        "activity_lines": [
          17.817067,
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      },
      {
        "date": "2026-06-26",
        "close": 18.059999,
        "volume": 46,
        "typical_volume": 6451.15,
        "trend": 17.106133,
        "fair_value": 15.711392,
        "relative_strength": 5.656989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.350594,
        "energy": 76.476626,
        "activity_lines": [
          17.915333,
          17.714909,
          17.361133,
          17.252774
        ]
      },
      {
        "date": "2026-07-03",
        "close": 18.488001,
        "volume": 303,
        "typical_volume": 6219.15,
        "trend": 17.175667,
        "fair_value": 15.74584,
        "relative_strength": 3.408316,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.895652,
        "energy": 86.397714,
        "activity_lines": [
          18.131333,
          17.888255,
          17.486752,
          17.341927
        ]
      },
      {
        "date": "2026-07-10",
        "close": 18.243999,
        "volume": 3791,
        "typical_volume": 6047.35,
        "trend": 17.234733,
        "fair_value": 15.776174,
        "relative_strength": 4.77671,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.549454,
        "energy": 82.010857,
        "activity_lines": [
          18.210533,
          17.992254,
          17.583343,
          17.410852
        ]
      },
      {
        "date": "2026-07-17",
        "close": 18.156,
        "volume": 7222,
        "typical_volume": 5988.15,
        "trend": 17.283666,
        "fair_value": 15.80561,
        "relative_strength": 5.091266,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.489683,
        "energy": 81.748073,
        "activity_lines": [
          18.2208,
          18.058982,
          17.667895,
          17.470288
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.271999,
        "volume": 4793,
        "typical_volume": 4995.75,
        "trend": 17.333466,
        "fair_value": 15.834648,
        "relative_strength": 4.481358,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.1049,
        "energy": 81.649006,
        "activity_lines": [
          18.250133,
          18.129236,
          17.760933,
          17.534051
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.5,
        "volume": 664,
        "typical_volume": 4541.6,
        "trend": 17.3844,
        "fair_value": 15.867558,
        "relative_strength": 3.430351,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.23201,
        "energy": 79.161695,
        "activity_lines": [
          18.335466,
          18.219309,
          17.868295,
          17.609312
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.063999,
        "volume": 22808,
        "typical_volume": 5165.1,
        "trend": 17.442733,
        "fair_value": 15.904045,
        "relative_strength": 3.589802,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.312428,
        "energy": 92.91357,
        "activity_lines": [
          18.579466,
          18.397127,
          18.0204,
          17.717673
        ]
      }
    ],
    "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."
    }
  }
}