{
  "ticker": {
    "uuid": "ac7f5f7c-abfe-41be-ba27-701d690743f8",
    "symbol": "PAES",
    "name": "Invesco MSCI Europe ESG Climate Paris Aligned UCITS EUR Acc",
    "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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 83.298,
    "architecture_energy": 61.704,
    "architecture_maturity": 51.574,
    "architecture_confidence": 73.351,
    "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": 20.93,
        "rotation_up": 52.89,
        "upward_expansion": 80.93,
        "deceleration": 67.26,
        "rotation_down": 27.91,
        "downward_expansion": 9.93
      },
      "activity_lines": [
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        541.784526,
        534.718982
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 560.0,
    "trend_reference": 527.448339,
    "distance_from_trend": 0.061715,
    "trend_direction": "Improving",
    "fair_value": 458.524521,
    "distance_from_fair_value": 0.221309,
    "fair_value_direction": "Improving",
    "relative_strength": 0.74885,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.077648,
    "excess_performance": 0.026413,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.061715,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.030032,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.221309,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.056317,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.007488,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.019147,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.077648,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 125.85353,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3877,
      "relative_activity": 0.011315,
      "balance": 125.85353,
      "dry_up": 0.019263,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.015156,
      "annualized_volatility": 0.160448,
      "from_high_reference": -0.002288,
      "from_low_reference": 0.186566
    },
    "levels": {
      "trend_reference": 527.448339,
      "fair_value_reference": 458.524521,
      "structural_low": 481.838013,
      "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": -0.000373,
        "positive_rate": 0.48,
        "directional_follow_through": 0.48,
        "median_excess_return": -0.003393,
        "regime_survival": 0.84,
        "best_return": 0.060067,
        "worst_return": -0.044282,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "median_return": 0.014106,
        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
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        "regime_survival": 0.777778,
        "best_return": 0.090727,
        "worst_return": -0.055543,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.04936,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.020992,
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        "worst_return": -0.025807,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.087631,
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        "directional_follow_through": 1.0,
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        "worst_return": 0.011011,
        "sufficient": false
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        "color": "amber",
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        "end": "2024-05-10",
        "tenure": "New",
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        "active": false
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      {
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        "label": "Upward Expansion",
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      },
      {
        "regime": "deceleration",
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      },
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "regime": "rotation_up",
        "label": "Rotation Up",
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 345688.8,
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        "relative_strength": 0.245587,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-24",
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        "volume": 10,
        "typical_volume": 342861.75,
        "trend": 524.668339,
        "fair_value": 456.435098,
        "relative_strength": -0.645041,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 61.841924,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 547.45,
        "volume": 21252,
        "typical_volume": 343924.35,
        "trend": 526.020006,
        "fair_value": 457.43622,
        "relative_strength": -1.238489,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.99423,
        "energy": 43.805212,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 560.0,
        "volume": 3877,
        "typical_volume": 342637.2,
        "trend": 527.448339,
        "fair_value": 458.524521,
        "relative_strength": 0.74885,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.297909,
        "energy": 61.704215,
        "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."
    }
  }
}