{
  "ticker": {
    "uuid": "d0e0e1f7-764c-4494-b458-15189d472039",
    "symbol": "CHDVD",
    "name": "iShares Swiss Dividend ETF (CH)",
    "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": 94.941,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 71.524,
    "architecture_energy": 67.089,
    "architecture_maturity": 35.486,
    "architecture_confidence": 74.802,
    "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": 1.73,
        "rotation_up": 74.46,
        "upward_expansion": 90.23,
        "deceleration": 49.4,
        "rotation_down": 15.78,
        "downward_expansion": 12.23
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 193.539993,
    "trend_reference": 181.119251,
    "distance_from_trend": 0.068578,
    "trend_direction": "Improving",
    "fair_value": 154.20624,
    "distance_from_fair_value": 0.255072,
    "fair_value_direction": "Improving",
    "relative_strength": -0.375934,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.081408,
    "excess_performance": -0.001475,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.068578,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033326,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.255072,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.071824,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.003759,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.013423,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.081408,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.625864,
        "read": "Demand-led"
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    ],
    "volume": {
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      "relative_activity": 0.917321,
      "balance": 3.625864,
      "dry_up": 0.838743,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.02203,
      "annualized_volatility": 0.13975,
      "from_high_reference": -0.015865,
      "from_low_reference": 0.22199
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    "levels": {
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      "fair_value_reference": 154.20624,
      "structural_low": 163.642421,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Near term",
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        "median_return": 0.011578,
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        "directional_follow_through": 0.594595,
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        "worst_return": -0.072467,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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        "worst_return": -0.037932,
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        "regime": "deceleration",
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        "regime": "rotation_down",
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      },
      {
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 385400.6,
        "trend": 179.331406,
        "fair_value": 152.95085,
        "relative_strength": 1.081396,
        "stage": 2,
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        "energy": 92.669323,
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      },
      {
        "date": "2026-07-24",
        "close": 192.139999,
        "volume": 277062,
        "typical_volume": 357304.55,
        "trend": 179.908562,
        "fair_value": 153.35386,
        "relative_strength": 0.367611,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 69.163427,
        "energy": 87.030736,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 192.779999,
        "volume": 240369,
        "typical_volume": 340402.0,
        "trend": 180.50124,
        "fair_value": 153.7759,
        "relative_strength": 0.570993,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.641974,
        "energy": 79.096082,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 193.539993,
        "volume": 294239,
        "typical_volume": 320759.05,
        "trend": 181.119251,
        "fair_value": 154.20624,
        "relative_strength": -0.375934,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.523944,
        "energy": 67.088814,
        "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."
    }
  }
}