{
  "ticker": {
    "uuid": "b421348c-902c-4147-a067-fe41da535af4",
    "symbol": "XDWL",
    "name": "Xtrackers MSCI World UCITS ETF 1D",
    "exchange": "EBS",
    "country": "CH",
    "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": "^SSMI",
    "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": 90.609,
    "architecture_energy": 74.391,
    "architecture_maturity": 63.169,
    "architecture_confidence": 82.478,
    "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": 7.71,
        "rotation_up": 65.37,
        "upward_expansion": 85.33,
        "deceleration": 67.01,
        "rotation_down": 25.19,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        106.246667,
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        100.853558
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 108.760002,
    "trend_reference": 98.171138,
    "distance_from_trend": 0.107861,
    "trend_direction": "Improving",
    "fair_value": 84.912615,
    "distance_from_fair_value": 0.280846,
    "fair_value_direction": "Improving",
    "relative_strength": 2.838769,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.165724,
    "excess_performance": 0.08284,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.107861,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039797,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.280846,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.070901,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.028388,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023847,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.165724,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 15.345559,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 30234,
      "relative_activity": 1.260735,
      "balance": 15.345559,
      "dry_up": 0.687673,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.016778,
      "annualized_volatility": 0.111209,
      "from_high_reference": -0.001102,
      "from_low_reference": 0.237559
    },
    "levels": {
      "trend_reference": 98.171138,
      "fair_value_reference": 84.912615,
      "structural_low": 88.307312,
      "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": 36,
        "median_return": 0.009144,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": 0.00412,
        "regime_survival": 0.777778,
        "best_return": 0.063536,
        "worst_return": -0.111951,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "median_excess_return": 0.005843,
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        "worst_return": -0.169116,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "worst_return": -0.13218,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.081194,
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        "regime": "deceleration",
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        "regime": "balance",
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      },
      {
        "date": "2026-05-01",
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        "trend": 93.236974,
        "fair_value": 81.635542,
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        "regime": "upward_expansion",
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        "relative_strength": 5.053494,
        "stage": 2,
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      },
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        "typical_volume": 30384.75,
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      },
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        "date": "2026-06-05",
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        "fair_value": 82.761725,
        "relative_strength": 5.740119,
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        "regime": "upward_expansion",
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "trend": 95.894481,
        "fair_value": 83.444025,
        "relative_strength": -0.427999,
        "stage": 2,
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        "direction": 67.974032,
        "energy": 85.379839,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 486,
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        "trend": 96.226788,
        "fair_value": 83.683434,
        "relative_strength": -0.180814,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 24941.55,
        "trend": 96.630164,
        "fair_value": 83.9307,
        "relative_strength": 1.774862,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.290764,
        "energy": 89.772342,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 104.220001,
        "volume": 10376,
        "typical_volume": 24804.75,
        "trend": 96.988256,
        "fair_value": 84.165776,
        "relative_strength": -0.071458,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.421496,
        "energy": 75.296339,
        "activity_lines": [
          104.388,
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          101.151115,
          99.106717
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      },
      {
        "date": "2026-07-24",
        "close": 105.540001,
        "volume": 16337,
        "typical_volume": 25115.4,
        "trend": 97.377751,
        "fair_value": 84.405276,
        "relative_strength": 1.28816,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.347931,
        "energy": 78.154451,
        "activity_lines": [
          104.814667,
          104.169455,
          101.82919,
          99.658442
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      },
      {
        "date": "2026-07-31",
        "close": 104.879997,
        "volume": 9018,
        "typical_volume": 22947.2,
        "trend": 97.737954,
        "fair_value": 84.646907,
        "relative_strength": 0.558926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.53625,
        "energy": 64.814938,
        "activity_lines": [
          104.963999,
          104.419636,
          102.383327,
          100.142458
        ]
      },
      {
        "date": "2026-08-07",
        "close": 108.760002,
        "volume": 30234,
        "typical_volume": 23981.25,
        "trend": 98.171138,
        "fair_value": 84.912615,
        "relative_strength": 2.838769,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.609087,
        "energy": 74.390915,
        "activity_lines": [
          106.246667,
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          100.853558
        ]
      }
    ],
    "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."
    }
  }
}