{
  "ticker": {
    "uuid": "d6c57b58-7d35-4917-a81b-77a6209d2fe4",
    "symbol": "UC98",
    "name": "UBS BBG MSCI US Liquid Corp Sustainable UCITS ETF USD dis",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 54.492,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.794,
    "architecture_energy": 66.939,
    "architecture_maturity": 3.169,
    "architecture_confidence": 75.428,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 21.78,
        "rotation_up": 8.19,
        "upward_expansion": 12.64,
        "deceleration": 39.25,
        "rotation_down": 77.32,
        "downward_expansion": 88.31
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 1092.75,
    "trend_reference": 1108.954647,
    "distance_from_trend": -0.014613,
    "trend_direction": "Weakening",
    "fair_value": 1148.4396,
    "distance_from_fair_value": -0.048492,
    "fair_value_direction": "Improving",
    "relative_strength": -10.516227,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.020864,
    "excess_performance": -0.0721,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.014613,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.008185,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.048492,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.003883,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.105162,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020121,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.020864,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.608322,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.314563,
      "balance": 0.608322,
      "dry_up": 0.309226,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.010858,
      "annualized_volatility": 0.065554,
      "from_high_reference": -0.281684,
      "from_low_reference": 0.004366
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    "levels": {
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      "fair_value_reference": 1148.4396,
      "structural_low": 1088.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "median_return": -0.002751,
        "positive_rate": 0.411765,
        "directional_follow_through": 0.588235,
        "median_excess_return": -0.001949,
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        "worst_return": -0.037834,
        "sufficient": true
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        "horizon": "Full cycle",
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        "date": "2026-03-27",
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      {
        "date": "2026-04-03",
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "trend": 1118.106763,
        "fair_value": 1151.939412,
        "relative_strength": -7.915303,
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 1150.260449,
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      },
      {
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        "stage": 4,
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      },
      {
        "date": "2026-07-17",
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        "volume": 2210,
        "typical_volume": 6679.35,
        "trend": 1112.049679,
        "fair_value": 1149.522587,
        "relative_strength": -8.285026,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -20.820379,
        "energy": 11.293645,
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      },
      {
        "date": "2026-07-24",
        "close": 1099.5,
        "volume": 1379,
        "typical_volume": 6746.25,
        "trend": 1111.348531,
        "fair_value": 1149.086423,
        "relative_strength": -9.256774,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -50.225858,
        "energy": 37.444265,
        "activity_lines": [
          1105.566667,
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      },
      {
        "date": "2026-07-31",
        "close": 1088.0,
        "volume": 2718,
        "typical_volume": 6768.7,
        "trend": 1110.247388,
        "fair_value": 1148.742986,
        "relative_strength": -10.948989,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -75.759972,
        "energy": 55.189143,
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          1097.75,
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          1107.057143,
          1107.867799
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      },
      {
        "date": "2026-08-07",
        "close": 1092.75,
        "volume": 2151,
        "typical_volume": 6838.05,
        "trend": 1108.954647,
        "fair_value": 1148.4396,
        "relative_strength": -10.516227,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.793721,
        "energy": 66.938585,
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          1094.633333,
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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."
    }
  }
}