{
  "ticker": {
    "uuid": "9cb1c32d-a419-4800-8e0e-3913e203366b",
    "symbol": "PRIJ",
    "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": 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": 59.353,
    "architecture_energy": 32.318,
    "architecture_maturity": 54.796,
    "architecture_confidence": 84.49,
    "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": 26.04,
        "rotation_up": 36.29,
        "upward_expansion": 62.84,
        "deceleration": 88.09,
        "rotation_down": 26.3,
        "downward_expansion": 15.17
      },
      "activity_lines": [
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        3118.161905,
        3071.34543
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 3244.25,
    "trend_reference": 3015.629167,
    "distance_from_trend": 0.075812,
    "trend_direction": "Improving",
    "fair_value": 2524.134295,
    "distance_from_fair_value": 0.285292,
    "fair_value_direction": "Improving",
    "relative_strength": 1.866011,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.10358,
    "excess_performance": 0.052345,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.075812,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.045821,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.285292,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.040584,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.01866,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.019219,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.10358,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.862412,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 186739,
      "relative_activity": 0.755836,
      "balance": 0.862412,
      "dry_up": 1.015968,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.03109,
      "annualized_volatility": 0.21253,
      "from_high_reference": -0.417212,
      "from_low_reference": 0.261122
    },
    "levels": {
      "trend_reference": 3015.629167,
      "fair_value_reference": 2524.134295,
      "structural_low": 2709.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.015809,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.009407,
        "regime_survival": 0.533333,
        "best_return": 0.07685,
        "worst_return": -0.04966,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.014602,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.010177,
        "regime_survival": 0.125,
        "best_return": 0.143745,
        "worst_return": -0.032543,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.002938,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.039336,
        "regime_survival": 0.2,
        "best_return": 0.128113,
        "worst_return": -0.103521,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.008057,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.041903,
        "regime_survival": 0.0,
        "best_return": 0.227663,
        "worst_return": -0.111787,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-30",
        "end": "2024-12-06",
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        "return": 0.019199,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-12-27",
        "tenure": "New",
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-03-28",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.12711,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.01879,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-14",
        "tenure": "Established",
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        "active": false
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      {
        "regime": "deceleration",
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        "color": "amber",
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        "end": "2026-01-30",
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        "active": false
      },
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        "regime": "upward_expansion",
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        "active": false
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      {
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        "active": true
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      {
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 3114.75,
        "volume": 254829,
        "typical_volume": 252031.25,
        "trend": 3002.325,
        "fair_value": 2516.871332,
        "relative_strength": -1.811246,
        "stage": 2,
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        "modifier": "Recompressing",
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        "direction": 38.402262,
        "energy": 21.812346,
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      },
      {
        "date": "2026-08-07",
        "close": 3244.25,
        "volume": 186739,
        "typical_volume": 247063.0,
        "trend": 3015.629167,
        "fair_value": 2524.134295,
        "relative_strength": 1.866011,
        "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."
    }
  }
}