{
  "ticker": {
    "uuid": "cda11366-2ffb-49fc-8826-8f36c11df522",
    "symbol": "VGVF",
    "name": "Vanguard FTSE Developed World UCITS ETF USD Accumulation",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "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": 81.24,
    "architecture_energy": 62.185,
    "architecture_maturity": 90.379,
    "architecture_confidence": 71.927,
    "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": 22.49,
        "rotation_up": 50.77,
        "upward_expansion": 81.79,
        "deceleration": 71.44,
        "rotation_down": 29.33,
        "downward_expansion": 10.79
      },
      "activity_lines": [
        131.054664,
        130.743271,
        128.881999,
        126.110063
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 133.539993,
    "trend_reference": 122.809999,
    "distance_from_trend": 0.087371,
    "trend_direction": "Improving",
    "fair_value": 102.772179,
    "distance_from_fair_value": 0.299379,
    "fair_value_direction": "Improving",
    "relative_strength": 4.565291,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.145676,
    "excess_performance": 0.081036,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.087371,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.046415,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.299379,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.032132,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.045653,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.060457,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.145676,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.199389,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 83204,
      "relative_activity": 1.235715,
      "balance": 2.199389,
      "dry_up": 1.505079,
      "accumulation_observations": 6,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.018709,
      "annualized_volatility": 0.112433,
      "from_high_reference": -0.003433,
      "from_low_reference": 0.256256
    },
    "levels": {
      "trend_reference": 122.809999,
      "fair_value_reference": 102.772179,
      "structural_low": 111.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 38,
        "median_return": 0.008276,
        "positive_rate": 0.657895,
        "directional_follow_through": 0.657895,
        "median_excess_return": 0.003895,
        "regime_survival": 0.815789,
        "best_return": 0.06911,
        "worst_return": -0.077356,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.040486,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.02382,
        "regime_survival": 0.666667,
        "best_return": 0.097999,
        "worst_return": -0.148873,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.075485,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.04236,
        "regime_survival": 0.5,
        "best_return": 0.148746,
        "worst_return": -0.041504,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.065167,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.084788,
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        "worst_return": 0.049141,
        "sufficient": false
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        "regime": "upward_expansion",
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        "end": "2023-10-13",
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        "return": -0.01832,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.028855,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-04-11",
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        "return": -0.114004,
        "active": false
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      {
        "regime": "downward_expansion",
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        "end": "2025-05-30",
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        "active": false
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        "regime": "balance",
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        "color": "blue",
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        "return": 0.00835,
        "active": false
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        "regime": "rotation_up",
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      {
        "date": "2026-05-01",
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        "typical_volume": 70827.25,
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        "fair_value": 98.194487,
        "relative_strength": 8.346871,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 76871.4,
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        "relative_strength": 10.174249,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 77785.35,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 74906.65,
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        "relative_strength": 10.371097,
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 61437.55,
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        "fair_value": 101.129615,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 63469.15,
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        "fair_value": 101.469936,
        "relative_strength": 9.476318,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 75.211826,
        "energy": 80.187808,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 129.679993,
        "volume": 153691,
        "typical_volume": 67899.6,
        "trend": 121.277332,
        "fair_value": 101.790064,
        "relative_strength": 8.526244,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.732065,
        "energy": 64.864973,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 130.259995,
        "volume": 90383,
        "typical_volume": 65382.75,
        "trend": 121.799999,
        "fair_value": 102.105833,
        "relative_strength": 7.492352,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.702173,
        "energy": 62.948068,
        "activity_lines": [
          130.482664,
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      },
      {
        "date": "2026-07-31",
        "close": 129.100006,
        "volume": 78086,
        "typical_volume": 65805.8,
        "trend": 122.281999,
        "fair_value": 102.423013,
        "relative_strength": 4.091001,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.357953,
        "energy": 50.705104,
        "activity_lines": [
          130.012,
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          128.057619,
          125.383741
        ]
      },
      {
        "date": "2026-08-07",
        "close": 133.539993,
        "volume": 83204,
        "typical_volume": 67332.7,
        "trend": 122.809999,
        "fair_value": 102.772179,
        "relative_strength": 4.565291,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.240116,
        "energy": 62.184959,
        "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."
    }
  }
}