{
  "ticker": {
    "uuid": "b40e5e74-f44c-4789-83e9-ab39f4899f5f",
    "symbol": "XDWL",
    "name": "Xtrackers MSCI World UCITS ETF 1D",
    "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": 86.786,
    "architecture_energy": 65.453,
    "architecture_maturity": 55.681,
    "architecture_confidence": 76.221,
    "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": 14.85,
        "rotation_up": 56.84,
        "upward_expansion": 81.32,
        "deceleration": 67.68,
        "rotation_down": 26.29,
        "downward_expansion": 10.32
      },
      "activity_lines": [
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        129.068426,
        126.761458
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 134.615005,
    "trend_reference": 124.175573,
    "distance_from_trend": 0.08407,
    "trend_direction": "Improving",
    "fair_value": 101.021574,
    "distance_from_fair_value": 0.332537,
    "fair_value_direction": "Improving",
    "relative_strength": 3.312782,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.119169,
    "excess_performance": 0.067933,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08407,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036066,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.332537,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.01265,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.033128,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.01842,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.119169,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.964099,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1248719,
      "relative_activity": 12.325188,
      "balance": 7.964099,
      "dry_up": 3.315541,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.017358,
      "annualized_volatility": 0.129506,
      "from_high_reference": -0.001521,
      "from_low_reference": 0.23219
    },
    "levels": {
      "trend_reference": 124.175573,
      "fair_value_reference": 101.021574,
      "structural_low": 111.611287,
      "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": 42,
        "median_return": 0.011562,
        "positive_rate": 0.619048,
        "directional_follow_through": 0.619048,
        "median_excess_return": -0.002349,
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        "best_return": 0.056341,
        "worst_return": -0.089889,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
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        "worst_return": -0.100311,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "worst_return": -0.169636,
        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": -0.129795,
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 61918.3,
        "trend": 117.687512,
        "fair_value": 95.825457,
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "relative_strength": 5.154782,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 59203.35,
        "trend": 119.391858,
        "fair_value": 97.235368,
        "relative_strength": 3.827653,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 62721.8,
        "trend": 119.852986,
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      },
      {
        "date": "2026-06-05",
        "close": 128.839996,
        "volume": 61955,
        "typical_volume": 63132.35,
        "trend": 120.353474,
        "fair_value": 97.949687,
        "relative_strength": 4.415009,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 67.241556,
        "energy": 82.521164,
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      },
      {
        "date": "2026-06-12",
        "close": 128.925003,
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        "typical_volume": 62467.5,
        "trend": 120.787724,
        "fair_value": 98.287257,
        "relative_strength": 3.353722,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 65.727676,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "trend": 121.717063,
        "fair_value": 98.971108,
        "relative_strength": 1.887806,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.929479,
        "energy": 56.970226,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 1158,
        "typical_volume": 39297.8,
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        "fair_value": 99.322876,
        "relative_strength": 2.204296,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 40697.95,
        "trend": 122.583575,
        "fair_value": 99.662168,
        "relative_strength": 4.236271,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 129.404999,
        "volume": 29986,
        "typical_volume": 39740.75,
        "trend": 122.977696,
        "fair_value": 99.991253,
        "relative_strength": 2.221054,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.879793,
        "energy": 58.461016,
        "activity_lines": [
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          125.262989
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      },
      {
        "date": "2026-07-24",
        "close": 129.184998,
        "volume": 32705,
        "typical_volume": 39216.8,
        "trend": 123.321723,
        "fair_value": 100.314555,
        "relative_strength": 0.749034,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.575204,
        "energy": 55.736818,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 129.419998,
        "volume": 32238,
        "typical_volume": 39193.85,
        "trend": 123.694301,
        "fair_value": 100.647835,
        "relative_strength": -0.320454,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.403765,
        "energy": 50.150315,
        "activity_lines": [
          129.566998,
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          128.213918,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 134.615005,
        "volume": 1248719,
        "typical_volume": 101314.4,
        "trend": 124.175573,
        "fair_value": 101.021574,
        "relative_strength": 3.312782,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.785749,
        "energy": 65.453112,
        "activity_lines": [
          131.183001,
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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."
    }
  }
}