{
  "ticker": {
    "uuid": "a79df730-56aa-4dfe-9f5f-570f0dbfd502",
    "symbol": "XSNR",
    "name": "Xtrackers MSCI Europe Industrials Screened 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": 88.235,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 72.005,
    "architecture_energy": 38.854,
    "architecture_maturity": 45.01,
    "architecture_confidence": 69.636,
    "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": 30.13,
        "rotation_up": 46.49,
        "upward_expansion": 75.09,
        "deceleration": 63.99,
        "rotation_down": 26.93,
        "downward_expansion": 6.42
      },
      "activity_lines": [
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        18214.591408
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 19165.0,
    "trend_reference": 18002.83334,
    "distance_from_trend": 0.064555,
    "trend_direction": "Improving",
    "fair_value": 15090.715584,
    "distance_from_fair_value": 0.269986,
    "fair_value_direction": "Improving",
    "relative_strength": 1.441155,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.070371,
    "excess_performance": 0.019136,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.064555,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.032695,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.269986,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.006034,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.014412,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020453,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.070371,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.145978,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 945,
      "relative_activity": 1.621343,
      "balance": 2.145978,
      "dry_up": 0.82354,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.026254,
      "annualized_volatility": 0.231048,
      "from_high_reference": -0.018922,
      "from_low_reference": 0.223643
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    "levels": {
      "trend_reference": 18002.83334,
      "fair_value_reference": 15090.715584,
      "structural_low": 15662.243164,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 38,
        "median_return": 0.001422,
        "positive_rate": 0.526316,
        "directional_follow_through": 0.526316,
        "median_excess_return": 0.003216,
        "regime_survival": 0.763158,
        "best_return": 0.072515,
        "worst_return": -0.0737,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "worst_return": -0.092026,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
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        "regime_survival": 0.375,
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        "worst_return": -0.215556,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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      },
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 14965.830968,
        "relative_strength": -2.678125,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-24",
        "close": 18227.0,
        "volume": 47,
        "typical_volume": 681.1,
        "trend": 17893.73334,
        "fair_value": 15003.247635,
        "relative_strength": -2.093322,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 33.936947,
        "energy": 18.614442,
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      },
      {
        "date": "2026-07-31",
        "close": 18587.0,
        "volume": 919,
        "typical_volume": 601.05,
        "trend": 17947.200007,
        "fair_value": 15044.36302,
        "relative_strength": -1.340803,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 40.757202,
        "energy": 21.883698,
        "activity_lines": [
          18338.666667,
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          18318.104775,
          18136.023666
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      },
      {
        "date": "2026-08-07",
        "close": 19165.0,
        "volume": 945,
        "typical_volume": 582.85,
        "trend": 18002.83334,
        "fair_value": 15090.715584,
        "relative_strength": 1.441155,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.005065,
        "energy": 38.853781,
        "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."
    }
  }
}