{
  "ticker": {
    "uuid": "a794caa7-a4cf-4c59-91ba-57551010c282",
    "symbol": "XCX4",
    "name": "Xtrackers MSCI Thailand 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 33.714,
    "architecture_energy": 16.32,
    "architecture_maturity": 71.051,
    "architecture_confidence": 90.527,
    "architecture_tenure": "Established",
    "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": 48.79,
        "rotation_up": 27.18,
        "upward_expansion": 56.26,
        "deceleration": 86.92,
        "rotation_down": 26.41,
        "downward_expansion": 17.59
      },
      "activity_lines": [
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        2139.652151
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 2160.25,
    "trend_reference": 2085.158333,
    "distance_from_trend": 0.036012,
    "trend_direction": "Improving",
    "fair_value": 1719.405705,
    "distance_from_fair_value": 0.256393,
    "fair_value_direction": "Improving",
    "relative_strength": 3.50462,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.140726,
    "excess_performance": 0.089491,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.036012,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.077457,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.256393,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.015529,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.035046,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.090859,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.140726,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.166627,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 26872,
      "relative_activity": 1.440962,
      "balance": 2.166627,
      "dry_up": 0.914342,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.034359,
      "annualized_volatility": 0.2304,
      "from_high_reference": -0.062001,
      "from_low_reference": 0.39551
    },
    "levels": {
      "trend_reference": 2085.158333,
      "fair_value_reference": 1719.405705,
      "structural_low": 1883.300049,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.007491,
        "positive_rate": 0.56,
        "directional_follow_through": 0.56,
        "median_excess_return": 0.006389,
        "regime_survival": 0.72,
        "best_return": 0.097182,
        "worst_return": -0.064638,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.025773,
        "positive_rate": 0.888889,
        "directional_follow_through": 0.888889,
        "median_excess_return": -0.000162,
        "regime_survival": 0.555556,
        "best_return": 0.10505,
        "worst_return": -0.001224,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.038321,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.026823,
        "regime_survival": 0.4,
        "best_return": 0.225999,
        "worst_return": -0.160108,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.045319,
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        "best_return": 0.122783,
        "worst_return": -0.128898,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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        "end": "2023-09-29",
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      },
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
        "regime": "rotation_up",
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      {
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        "regime": "deceleration",
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-07-24",
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        "volume": 9233,
        "typical_volume": 19081.0,
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        "fair_value": 1714.681346,
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        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 2140.5,
        "volume": 31728,
        "typical_volume": 18977.95,
        "trend": 2071.066667,
        "fair_value": 1716.910513,
        "relative_strength": 3.074602,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 37.021452,
        "energy": 21.497143,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 2160.25,
        "volume": 26872,
        "typical_volume": 18648.65,
        "trend": 2085.158333,
        "fair_value": 1719.405705,
        "relative_strength": 3.50462,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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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."
    }
  }
}