{
  "ticker": {
    "uuid": "a2bcec4c-2940-4b0b-bd75-bff89ecd303b",
    "symbol": "PAWS",
    "name": "Invesco MSCI World ESG Climate Paris Aligned UCITS USD Acc",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 92.113,
    "architecture_energy": 72.124,
    "architecture_maturity": 61.707,
    "architecture_confidence": 81.768,
    "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": 19.33,
        "rotation_up": 61.26,
        "upward_expansion": 85.33,
        "deceleration": 67.12,
        "rotation_down": 27.42,
        "downward_expansion": 12.0
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 517.8,
    "trend_reference": 472.275831,
    "distance_from_trend": 0.096393,
    "trend_direction": "Improving",
    "fair_value": 420.272917,
    "distance_from_fair_value": 0.232057,
    "fair_value_direction": "Improving",
    "relative_strength": 2.655949,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.155739,
    "excess_performance": 0.104504,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.096393,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029041,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.232057,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.061529,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.026559,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.026439,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.155739,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.952621,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 2.952621,
      "dry_up": 0.428,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.015536,
      "annualized_volatility": 0.129378,
      "from_high_reference": 0.0,
      "from_low_reference": 0.215564
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    "levels": {
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      "fair_value_reference": 420.272917,
      "structural_low": 425.975006,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.013019,
        "positive_rate": 0.64,
        "directional_follow_through": 0.64,
        "median_excess_return": 0.004,
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        "worst_return": -0.05993,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.06026,
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        "horizon": "Extended",
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        "sufficient": true
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        "horizon": "Full cycle",
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        "regime": "downward_expansion",
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        "regime": "balance",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "modifier": "Value reclamation",
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 416.314584,
        "relative_strength": 1.878434,
        "stage": 2,
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        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 490.3,
        "volume": 13318,
        "typical_volume": 9988.2,
        "trend": 467.879164,
        "fair_value": 417.227725,
        "relative_strength": -0.327027,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 63.358392,
        "energy": 61.856012,
        "activity_lines": [
          494.675,
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          485.01345,
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      },
      {
        "date": "2026-07-24",
        "close": 497.05,
        "volume": 10,
        "typical_volume": 8192.75,
        "trend": 469.221664,
        "fair_value": 418.177565,
        "relative_strength": -0.126565,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.022216,
        "energy": 60.394449,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 494.65,
        "volume": 0,
        "typical_volume": 7958.55,
        "trend": 470.549998,
        "fair_value": 419.145033,
        "relative_strength": -1.691592,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.790102,
        "energy": 52.788096,
        "activity_lines": [
          494.941667,
          495.164091,
          489.047498,
          480.119084
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      },
      {
        "date": "2026-08-07",
        "close": 517.8,
        "volume": 0,
        "typical_volume": 7785.05,
        "trend": 472.275831,
        "fair_value": 420.272917,
        "relative_strength": 2.655949,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.112892,
        "energy": 72.124249,
        "activity_lines": [
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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."
    }
  }
}