{
  "ticker": {
    "uuid": "a6e8175f-56ac-4071-b4a1-da2241085ed9",
    "symbol": "XDWT",
    "name": "Xtrackers MSCI World Information Technology UCITS ETF 1C",
    "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": 73.049,
    "architecture_energy": 42.545,
    "architecture_maturity": 68.551,
    "architecture_confidence": 95.607,
    "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": 30.83,
        "rotation_up": 39.32,
        "upward_expansion": 65.74,
        "deceleration": 94.14,
        "rotation_down": 29.02,
        "downward_expansion": 15.08
      },
      "activity_lines": [
        139.754666,
        139.528909,
        137.924237,
        132.756795
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 146.279999,
    "trend_reference": 126.488333,
    "distance_from_trend": 0.15647,
    "trend_direction": "Improving",
    "fair_value": 96.728874,
    "distance_from_fair_value": 0.512268,
    "fair_value_direction": "Improving",
    "relative_strength": 11.024698,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.287676,
    "excess_performance": 0.236441,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.15647,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.064254,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.512268,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.019449,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.110247,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.025721,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.287676,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.022225,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 116855,
      "relative_activity": 1.206125,
      "balance": 3.022225,
      "dry_up": 1.109435,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.042931,
      "annualized_volatility": 0.241889,
      "from_high_reference": -0.002931,
      "from_low_reference": 0.420194
    },
    "levels": {
      "trend_reference": 126.488333,
      "fair_value_reference": 96.728874,
      "structural_low": 103.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.005918,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.009587,
        "regime_survival": 0.5,
        "best_return": 0.120291,
        "worst_return": -0.113273,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.077968,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.040315,
        "regime_survival": 0.0,
        "best_return": 0.150181,
        "worst_return": -0.145082,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.21226,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.169184,
        "regime_survival": 0.0,
        "best_return": 0.264687,
        "worst_return": -0.037373,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.19868,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.079368,
        "regime_survival": 0.333333,
        "best_return": 0.446549,
        "worst_return": -0.246019,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.00904,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.124509,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.196302,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.019193,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.075895,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.052394,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.012562,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-02",
        "end": "2026-01-23",
        "tenure": "New",
        "return": -0.010616,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-30",
        "end": "2026-02-27",
        "tenure": "Developing",
        "return": -0.033908,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-06",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.031346,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.092939,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-17",
        "end": "2026-05-08",
        "tenure": "New",
        "return": 0.091387,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-07-17",
        "tenure": "Developing",
        "return": -0.014019,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.063545,
        "active": true
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    ],
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "stage": 2,
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      },
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      },
      {
        "date": "2026-05-29",
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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": "2026-06-26",
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        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 18045,
        "typical_volume": 95751.65,
        "trend": 122.862,
        "fair_value": 94.35522,
        "relative_strength": 9.022277,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 141.380005,
        "volume": 272955,
        "typical_volume": 95826.5,
        "trend": 123.685,
        "fair_value": 94.83522,
        "relative_strength": 12.206459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.033257,
        "energy": 51.882275,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 135.740005,
        "volume": 43021,
        "typical_volume": 92592.75,
        "trend": 124.324,
        "fair_value": 95.281758,
        "relative_strength": 6.514789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.945358,
        "energy": 39.061559,
        "activity_lines": [
          138.668003,
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          135.161714,
          129.926624
        ]
      },
      {
        "date": "2026-07-24",
        "close": 137.539993,
        "volume": 125671,
        "typical_volume": 93557.4,
        "trend": 124.959,
        "fair_value": 95.736598,
        "relative_strength": 6.374787,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.950702,
        "energy": 36.605432,
        "activity_lines": [
          138.019334,
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          136.010047,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 134.860001,
        "volume": 144402,
        "typical_volume": 96257.6,
        "trend": 125.529333,
        "fair_value": 96.187528,
        "relative_strength": 2.901754,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.227202,
        "energy": 27.245328,
        "activity_lines": [
          136.919334,
          138.332727,
          136.482166,
          131.418043
        ]
      },
      {
        "date": "2026-08-07",
        "close": 146.279999,
        "volume": 116855,
        "typical_volume": 96884.65,
        "trend": 126.488333,
        "fair_value": 96.728874,
        "relative_strength": 11.024698,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 73.049445,
        "energy": 42.545245,
        "activity_lines": [
          139.754666,
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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."
    }
  }
}