{
  "ticker": {
    "uuid": "a924af3e-df27-4167-8fad-6d3eb18b1a01",
    "symbol": "UB01",
    "name": "UBS Core EURO STOXX 50 UCITS ETF EUR dis",
    "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": 85.935,
    "architecture_energy": 63.385,
    "architecture_maturity": 35.889,
    "architecture_confidence": 87.98,
    "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": 10.65,
        "rotation_up": 60.83,
        "upward_expansion": 83.07,
        "deceleration": 58.94,
        "rotation_down": 24.13,
        "downward_expansion": 9.74
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 5724.5,
    "trend_reference": 5280.846387,
    "distance_from_trend": 0.084012,
    "trend_direction": "Improving",
    "fair_value": 4503.420094,
    "distance_from_fair_value": 0.271145,
    "fair_value_direction": "Improving",
    "relative_strength": 3.001593,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.089933,
    "excess_performance": 0.038697,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.084012,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029916,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.271145,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.083565,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.030016,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.039222,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.089933,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.10808,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1100,
      "relative_activity": 0.407249,
      "balance": 3.10808,
      "dry_up": 0.70269,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.021129,
      "annualized_volatility": 0.180082,
      "from_high_reference": -0.000479,
      "from_low_reference": 0.242646
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    "levels": {
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      "fair_value_reference": 4503.420094,
      "structural_low": 4718.5,
      "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": 33,
        "median_return": 0.007164,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.000329,
        "regime_survival": 0.757576,
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        "worst_return": -0.106031,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "directional_follow_through": 0.583333,
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        "regime_survival": 0.5,
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        "worst_return": -0.077953,
        "sufficient": true
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      {
        "horizon": "Extended",
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        "directional_follow_through": 1.0,
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        "worst_return": 0.000107,
        "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": "2026-06-05",
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-07-17",
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        "volume": 1684,
        "typical_volume": 3594.5,
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        "relative_strength": 0.362527,
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        "modifier": "Early expansion",
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        "energy": 53.318722,
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          5350.744048,
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      },
      {
        "date": "2026-07-24",
        "close": 5483.5,
        "volume": 504,
        "typical_volume": 3328.1,
        "trend": 5250.740576,
        "fair_value": 4479.791568,
        "relative_strength": 0.277293,
        "stage": 2,
        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 61.580151,
        "energy": 49.377824,
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      },
      {
        "date": "2026-07-31",
        "close": 5559.5,
        "volume": 4304,
        "typical_volume": 2860.1,
        "trend": 5264.918359,
        "fair_value": 4490.736394,
        "relative_strength": 0.385377,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.843167,
        "energy": 47.924167,
        "activity_lines": [
          5503.166667,
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          5402.69881,
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      },
      {
        "date": "2026-08-07",
        "close": 5724.5,
        "volume": 1100,
        "typical_volume": 2701.05,
        "trend": 5280.846387,
        "fair_value": 4503.420094,
        "relative_strength": 3.001593,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.935398,
        "energy": 63.384853,
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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."
    }
  }
}