{
  "ticker": {
    "uuid": "c9982895-cd34-47a4-a59d-bf846d6732e2",
    "symbol": "LYINR",
    "name": "Amundi MSCI India Swap UCITS ETF USD Acc",
    "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": 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": 76.256,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": 10.412,
    "architecture_energy": 12.346,
    "architecture_maturity": 16.199,
    "architecture_confidence": 46.8,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 50.42,
        "rotation_up": 36.02,
        "upward_expansion": 37.28,
        "deceleration": 30.68,
        "rotation_down": 23.5,
        "downward_expansion": 43.28
      },
      "activity_lines": [
        29.463667,
        29.359636,
        29.170357,
        29.187731
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 29.93,
    "trend_reference": 29.502333,
    "distance_from_trend": 0.014496,
    "trend_direction": "Weakening",
    "fair_value": 31.109139,
    "distance_from_fair_value": -0.037903,
    "fair_value_direction": "Improving",
    "relative_strength": -12.193634,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.062196,
    "excess_performance": -0.14508,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.014496,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.035583,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.037903,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.00533,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.121936,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020089,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.062196,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.829268,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 27979,
      "relative_activity": 0.586299,
      "balance": 4.829268,
      "dry_up": 0.262917,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.02182,
      "annualized_volatility": 0.201134,
      "from_high_reference": -0.105098,
      "from_low_reference": 0.128157
    },
    "levels": {
      "trend_reference": 29.502333,
      "fair_value_reference": 31.109139,
      "structural_low": 26.530001,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.013416,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.035033,
        "regime_survival": 0.5,
        "best_return": 0.03949,
        "worst_return": -0.10893,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.036095,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.036371,
        "regime_survival": 0.2,
        "best_return": 0.021712,
        "worst_return": -0.12441,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.034081,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.024969,
        "regime_survival": 0.25,
        "best_return": 0.062337,
        "worst_return": -0.117071,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.100075,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.106096,
        "regime_survival": 0.0,
        "best_return": -0.088578,
        "worst_return": -0.111573,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-09-01",
        "end": "2023-09-08",
        "tenure": "New",
        "return": 0.015619,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-09-15",
        "end": "2023-10-13",
        "tenure": "Developing",
        "return": -0.024801,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-10-20",
        "end": "2023-12-01",
        "tenure": "Developing",
        "return": 0.054448,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
        "end": "2024-10-18",
        "tenure": "Extended",
        "return": 0.235993,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-25",
        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.013879,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-15",
        "end": "2024-12-20",
        "tenure": "Developing",
        "return": 0.015576,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-04-18",
        "tenure": "Established",
        "return": -0.016097,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.029264,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-09",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": 0.028437,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-27",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": -0.046822,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-01",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": 0.000627,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-17",
        "end": "2026-01-23",
        "tenure": "Established",
        "return": -0.067469,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
        "end": "2026-06-19",
        "tenure": "Established",
        "return": -0.050574,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-26",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.015265,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 41331.05,
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        "energy": 31.205289,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 28.93,
        "volume": 59025,
        "typical_volume": 109542.35,
        "trend": 31.07252,
        "fair_value": 30.779235,
        "relative_strength": -12.356909,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 26.853448,
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 106364.6,
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        "energy": 24.719778,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 28.42,
        "volume": 58317,
        "typical_volume": 108868.85,
        "trend": 30.844354,
        "fair_value": 30.840645,
        "relative_strength": -13.841223,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 31.366433,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 28.66,
        "volume": 128358,
        "typical_volume": 114101.75,
        "trend": 30.706167,
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        "relative_strength": -14.549161,
        "stage": 4,
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        "energy": 33.993742,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 28.98,
        "volume": 65094,
        "typical_volume": 114248.35,
        "trend": 30.590834,
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        "relative_strength": -13.479417,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 30.303724,
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      },
      {
        "date": "2026-06-05",
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        "volume": 0,
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        "relative_strength": -14.504099,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 81438.05,
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      },
      {
        "date": "2026-06-19",
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        "energy": 26.880839,
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      },
      {
        "date": "2026-06-26",
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        "volume": 0,
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        "trend": 30.1055,
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        "relative_strength": -14.17176,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.60731,
        "energy": 14.076308,
        "activity_lines": [
          29.071666,
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        ]
      },
      {
        "date": "2026-07-03",
        "close": 29.424999,
        "volume": 0,
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        "fair_value": 31.008401,
        "relative_strength": -15.300515,
        "stage": 4,
        "regime": "balance",
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        "energy": 12.134077,
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          29.238333,
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      },
      {
        "date": "2026-07-10",
        "close": 29.465,
        "volume": 67610,
        "typical_volume": 70118.25,
        "trend": 29.920167,
        "fair_value": 31.029042,
        "relative_strength": -13.557915,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.946915,
        "energy": 15.866707,
        "activity_lines": [
          29.388666,
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      },
      {
        "date": "2026-07-17",
        "close": 29.139999,
        "volume": 5337,
        "typical_volume": 68648.1,
        "trend": 29.796833,
        "fair_value": 31.045965,
        "relative_strength": -14.662185,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.506657,
        "energy": 13.994102,
        "activity_lines": [
          29.344999,
          29.146363,
          29.007071,
          29.238688
        ]
      },
      {
        "date": "2026-07-24",
        "close": 28.700001,
        "volume": 9929,
        "typical_volume": 51254.6,
        "trend": 29.664,
        "fair_value": 31.060773,
        "relative_strength": -15.366708,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.578058,
        "energy": 11.809512,
        "activity_lines": [
          29.119,
          29.096636,
          28.991476,
          29.167925
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.615,
        "volume": 6942,
        "typical_volume": 48698.9,
        "trend": 29.574,
        "fair_value": 31.08369,
        "relative_strength": -12.334731,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.116596,
        "energy": 4.578485,
        "activity_lines": [
          29.243333,
          29.208182,
          29.068928,
          29.164763
        ]
      },
      {
        "date": "2026-08-07",
        "close": 29.93,
        "volume": 27979,
        "typical_volume": 47721.4,
        "trend": 29.502333,
        "fair_value": 31.109139,
        "relative_strength": -12.193634,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 10.412317,
        "energy": 12.345574,
        "activity_lines": [
          29.463667,
          29.359636,
          29.170357,
          29.187731
        ]
      }
    ],
    "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."
    }
  }
}