{
  "ticker": {
    "uuid": "c74b2dc6-9dd2-4d5d-bfc5-c94e531530f0",
    "symbol": "SP5G",
    "name": "Amundi Core S&P 500 Swap UCITS ETF GBP Hedged Dist",
    "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": 83.805,
    "architecture_energy": 59.474,
    "architecture_maturity": 60.735,
    "architecture_confidence": 71.647,
    "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": 32.39,
        "rotation_up": 52.84,
        "upward_expansion": 79.95,
        "deceleration": 68.57,
        "rotation_down": 27.45,
        "downward_expansion": 8.95
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 261.549988,
    "trend_reference": 240.719999,
    "distance_from_trend": 0.086532,
    "trend_direction": "Improving",
    "fair_value": 197.251639,
    "distance_from_fair_value": 0.325971,
    "fair_value_direction": "Improving",
    "relative_strength": 3.107853,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.127978,
    "excess_performance": 0.076743,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.086532,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034451,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.325971,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.005347,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.031079,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023002,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.127978,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.923447,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.888405,
      "balance": 1.923447,
      "dry_up": 0.801379,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.019637,
      "annualized_volatility": 0.129146,
      "from_high_reference": -0.003213,
      "from_low_reference": 0.228549
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    "levels": {
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      "fair_value_reference": 197.251639,
      "structural_low": 214.75,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
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        "median_return": 0.013912,
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        "directional_follow_through": 0.725,
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        "worst_return": -0.086975,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "balance",
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 29873.35,
        "trend": 228.651022,
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      },
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        "stage": 3,
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      },
      {
        "date": "2026-05-08",
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-15",
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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": 4.941185,
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      },
      {
        "date": "2026-06-12",
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      },
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      },
      {
        "date": "2026-06-26",
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        "trend": 236.164548,
        "fair_value": 193.202322,
        "relative_strength": 1.703781,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 61.444039,
        "energy": 55.453647,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 193.891104,
        "relative_strength": 1.870704,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 20428.85,
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        "fair_value": 194.570733,
        "relative_strength": 4.343617,
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      },
      {
        "date": "2026-07-17",
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        "volume": 7423,
        "typical_volume": 19526.2,
        "trend": 238.4975,
        "fair_value": 195.22463,
        "relative_strength": 2.109811,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.830684,
        "energy": 55.011744,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 251.050003,
        "volume": 6950,
        "typical_volume": 18423.05,
        "trend": 239.125,
        "fair_value": 195.865968,
        "relative_strength": 0.525623,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.445475,
        "energy": 52.370865,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 250.300003,
        "volume": 6375,
        "typical_volume": 10306.25,
        "trend": 239.7975,
        "fair_value": 196.515335,
        "relative_strength": -0.989027,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.5885,
        "energy": 42.372135,
        "activity_lines": [
          251.563336,
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          244.863763
        ]
      },
      {
        "date": "2026-08-07",
        "close": 261.549988,
        "volume": 7955,
        "typical_volume": 8954.25,
        "trend": 240.719999,
        "fair_value": 197.251639,
        "relative_strength": 3.107853,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.804875,
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        "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."
    }
  }
}