{
  "ticker": {
    "uuid": "983f4829-063d-40de-a1b2-bc6867c6f287",
    "symbol": "UC46",
    "name": "UBS MSCI USA Socially Responsible UCITS ETF USD dis",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 70.07,
    "architecture_energy": 51.716,
    "architecture_maturity": 65.295,
    "architecture_confidence": 79.564,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 19.19,
        "rotation_up": 44.45,
        "upward_expansion": 66.66,
        "deceleration": 85.5,
        "rotation_down": 27.91,
        "downward_expansion": 25.66
      },
      "activity_lines": [
        21778.6,
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        20893.952142
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 22329.5,
    "trend_reference": 20231.80306,
    "distance_from_trend": 0.103683,
    "trend_direction": "Improving",
    "fair_value": 17849.108398,
    "distance_from_fair_value": 0.251015,
    "fair_value_direction": "Improving",
    "relative_strength": 3.980152,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.179285,
    "excess_performance": 0.12805,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.103683,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044076,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.251015,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.055611,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.039802,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.008701,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.179285,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.899773,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3272,
      "relative_activity": 0.295508,
      "balance": 0.899773,
      "dry_up": 0.166133,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.021243,
      "annualized_volatility": 0.137836,
      "from_high_reference": -0.136807,
      "from_low_reference": 0.254537
    },
    "levels": {
      "trend_reference": 20231.80306,
      "fair_value_reference": 17849.108398,
      "structural_low": 17798.994141,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.000292,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.011476,
        "regime_survival": 0.272727,
        "best_return": 0.123885,
        "worst_return": -0.090102,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.002984,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.005711,
        "regime_survival": 0.142857,
        "best_return": 0.11992,
        "worst_return": -0.172157,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.034391,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.046504,
        "regime_survival": 0.0,
        "best_return": 0.123262,
        "worst_return": -0.055824,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.070014,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.001609,
        "regime_survival": 0.25,
        "best_return": 0.219949,
        "worst_return": -0.046957,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-24",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "New",
        "return": -0.027234,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "Developing",
        "return": -0.074088,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
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        "tenure": "Developing",
        "return": 0.1071,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.048889,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
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        "regime": "balance",
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 12150.6,
        "trend": 20139.245378,
        "fair_value": 17798.521422,
        "relative_strength": 0.001651,
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        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
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        "volume": 3272,
        "typical_volume": 11072.45,
        "trend": 20231.80306,
        "fair_value": 17849.108398,
        "relative_strength": 3.980152,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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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."
    }
  }
}