{
  "ticker": {
    "uuid": "ac1858b5-16f5-4952-a974-264cee01e730",
    "symbol": "XMWD",
    "name": "Xtrackers MSCI World Swap 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": 87.822,
    "architecture_energy": 66.944,
    "architecture_maturity": 51.005,
    "architecture_confidence": 81.665,
    "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": 14.5,
        "rotation_up": 56.94,
        "upward_expansion": 81.78,
        "deceleration": 63.75,
        "rotation_down": 26.72,
        "downward_expansion": 10.78
      },
      "activity_lines": [
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        152.854952,
        150.137268
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 159.419998,
    "trend_reference": 147.092167,
    "distance_from_trend": 0.08381,
    "trend_direction": "Improving",
    "fair_value": 118.685803,
    "distance_from_fair_value": 0.34321,
    "fair_value_direction": "Improving",
    "relative_strength": 3.227209,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.118344,
    "excess_performance": 0.067109,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08381,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03574,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.34321,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.013157,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.032272,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.017481,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.118344,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.178435,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 11400,
      "relative_activity": 0.38893,
      "balance": 2.178435,
      "dry_up": 0.515555,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.016386,
      "annualized_volatility": 0.129445,
      "from_high_reference": -0.000125,
      "from_low_reference": 0.228765
    },
    "levels": {
      "trend_reference": 147.092167,
      "fair_value_reference": 118.685803,
      "structural_low": 132.247299,
      "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": 40,
        "median_return": 0.010192,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.002542,
        "regime_survival": 0.8,
        "best_return": 0.063785,
        "worst_return": -0.08743,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.095801,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.172377,
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        "horizon": "Full cycle",
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        "regime": "balance",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 36917.75,
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        "fair_value": 112.968143,
        "relative_strength": 2.332225,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
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      },
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        "relative_strength": 4.975321,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
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        "date": "2026-05-15",
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        "typical_volume": 37727.5,
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      },
      {
        "date": "2026-05-22",
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      },
      {
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 4.432664,
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      },
      {
        "date": "2026-06-12",
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 116.270386,
        "relative_strength": 1.778764,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 61.769822,
        "energy": 56.189769,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 687,
        "typical_volume": 37528.95,
        "trend": 144.700334,
        "fair_value": 116.684905,
        "relative_strength": 2.143774,
        "stage": 2,
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        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 31794.05,
        "trend": 145.226,
        "fair_value": 117.084072,
        "relative_strength": 4.125099,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.810402,
        "energy": 62.031831,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 153.199997,
        "volume": 11514,
        "typical_volume": 30156.05,
        "trend": 145.687166,
        "fair_value": 117.470739,
        "relative_strength": 2.093278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.017595,
        "energy": 59.137587,
        "activity_lines": [
          153.564331,
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          148.383322
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      },
      {
        "date": "2026-07-24",
        "close": 152.940002,
        "volume": 26217,
        "typical_volume": 29387.05,
        "trend": 146.090833,
        "fair_value": 117.854264,
        "relative_strength": 0.626265,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.836784,
        "energy": 56.786094,
        "activity_lines": [
          153.418999,
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          151.359356,
          148.851247
        ]
      },
      {
        "date": "2026-07-31",
        "close": 153.130005,
        "volume": 11315,
        "typical_volume": 29380.5,
        "trend": 146.525833,
        "fair_value": 118.246059,
        "relative_strength": -0.495407,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.734171,
        "energy": 51.323897,
        "activity_lines": [
          153.375001,
          153.273909,
          151.845642,
          149.305387
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      },
      {
        "date": "2026-08-07",
        "close": 159.419998,
        "volume": 11400,
        "typical_volume": 29311.15,
        "trend": 147.092167,
        "fair_value": 118.685803,
        "relative_strength": 3.227209,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.82185,
        "energy": 66.943751,
        "activity_lines": [
          155.301334,
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          150.137268
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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."
    }
  }
}