{
  "ticker": {
    "uuid": "c0015ad7-d0c8-4536-a667-a83d2555252d",
    "symbol": "FIIN",
    "name": "Fidelity India Active ETF",
    "exchange": "ASX",
    "country": "AU",
    "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": "^AXJO",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 69.543,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 39.723,
    "architecture_energy": 25.586,
    "architecture_maturity": 35.03,
    "architecture_confidence": 44.537,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 30.52,
        "rotation_up": 49.28,
        "upward_expansion": 40.15,
        "deceleration": 47.14,
        "rotation_down": 27.84,
        "downward_expansion": 21.15
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
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    "latest_close": 7.95,
    "trend_reference": 7.772075,
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    "trend_direction": "Weakening",
    "fair_value": 8.861831,
    "distance_from_fair_value": -0.102894,
    "fair_value_direction": "Improving",
    "relative_strength": -10.034237,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.05694,
    "excess_performance": -0.120645,
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        "read": "Above"
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        "label": "Trend direction",
        "positive": false,
        "value": -0.059465,
        "read": "Falling"
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        "label": "Price vs current Fair Value",
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        "value": -0.102894,
        "read": "Below anchor"
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        "label": "Fair Value direction",
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        "value": 0.064892,
        "read": "Closing upward"
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        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.100342,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.053191,
        "read": "Improving"
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      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.05694,
        "read": "Negative"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.232401,
        "read": "Demand-led"
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    "volume": {
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      "relative_activity": 2.347039,
      "balance": 1.232401,
      "dry_up": 2.015098,
      "accumulation_observations": 4,
      "distribution_observations": 3
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      "from_high_reference": -0.182939,
      "from_low_reference": 0.118937
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      "fair_value_reference": 8.861831,
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      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "horizon": "Near term",
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        "color": "blue",
        "start": "2025-12-05",
        "end": "2025-12-19",
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      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "trend": 7.772075,
        "fair_value": 8.861831,
        "relative_strength": -10.034237,
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        "gate": "mixed",
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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."
    }
  }
}