{
  "ticker": {
    "uuid": "d842c235-e9b9-4044-86f6-299960f5ab1a",
    "symbol": "V3NL",
    "name": "Vanguard ESG North America All Cap UCITS ETF USD Income",
    "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": 86.491,
    "architecture_energy": 63.66,
    "architecture_maturity": 67.483,
    "architecture_confidence": 72.759,
    "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": 25.95,
        "rotation_up": 53.1,
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        "deceleration": 69.8,
        "rotation_down": 28.56,
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
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    "trend_direction": "Improving",
    "fair_value": 6.731448,
    "distance_from_fair_value": 0.330917,
    "fair_value_direction": "Improving",
    "relative_strength": 3.670755,
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        "label": "Trend direction",
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        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
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        "value": 0.330917,
        "read": "Premium"
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        "label": "Fair Value direction",
        "positive": true,
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        "read": "Closing upward"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.036708,
        "read": "Leading"
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      {
        "label": "Relative strength direction",
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      {
        "label": "Price momentum",
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        "value": 0.145036,
        "read": "Positive"
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        "label": "Volume balance",
        "positive": true,
        "value": 2.148546,
        "read": "Demand-led"
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      "distribution_observations": 1
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      "from_low_reference": 0.247772
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        "activity_lines": [
          8.581593,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 8.597192,
        "volume": 1501,
        "typical_volume": 8721.35,
        "trend": 7.930556,
        "fair_value": 6.52302,
        "relative_strength": 4.996165,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.024226,
        "energy": 85.607021,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-12",
        "close": 8.561262,
        "volume": 0,
        "typical_volume": 8643.85,
        "trend": 7.957613,
        "fair_value": 6.546132,
        "relative_strength": 3.416081,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.508675,
        "energy": 77.905084,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-19",
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        "typical_volume": 8495.3,
        "trend": 7.994862,
        "fair_value": 6.570315,
        "relative_strength": 5.259676,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.167641,
        "energy": 73.395469,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-26",
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        "volume": 0,
        "typical_volume": 8495.3,
        "trend": 8.015609,
        "fair_value": 6.592715,
        "relative_strength": 1.872532,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.721817,
        "energy": 60.509694,
        "activity_lines": [
          8.569878,
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        ]
      },
      {
        "date": "2026-07-03",
        "close": 8.6495,
        "volume": 0,
        "typical_volume": 7610.1,
        "trend": 8.040265,
        "fair_value": 6.616453,
        "relative_strength": 2.30611,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.705421,
        "energy": 61.81556,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-10",
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        "volume": 2770,
        "typical_volume": 7669.1,
        "trend": 8.068995,
        "fair_value": 6.639735,
        "relative_strength": 4.781827,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.574324,
        "energy": 64.420271,
        "activity_lines": [
          8.628517,
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          8.231501
        ]
      },
      {
        "date": "2026-07-17",
        "close": 8.6045,
        "volume": 13565,
        "typical_volume": 8347.35,
        "trend": 8.093475,
        "fair_value": 6.66211,
        "relative_strength": 2.425687,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.413072,
        "energy": 59.785955,
        "activity_lines": [
          8.627633,
          8.616617,
          8.440868,
          8.26605
        ]
      },
      {
        "date": "2026-07-24",
        "close": 8.537,
        "volume": 0,
        "typical_volume": 8343.1,
        "trend": 8.112546,
        "fair_value": 6.683805,
        "relative_strength": 0.34992,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.481889,
        "energy": 53.245167,
        "activity_lines": [
          8.601367,
          8.604152,
          8.473322,
          8.294664
        ]
      },
      {
        "date": "2026-07-31",
        "close": 8.5275,
        "volume": 0,
        "typical_volume": 5637.95,
        "trend": 8.134259,
        "fair_value": 6.705921,
        "relative_strength": -0.978042,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.838674,
        "energy": 46.560735,
        "activity_lines": [
          8.5785,
          8.588921,
          8.500639,
          8.321435
        ]
      },
      {
        "date": "2026-08-07",
        "close": 8.959,
        "volume": 28200,
        "typical_volume": 6244.65,
        "trend": 8.165667,
        "fair_value": 6.731448,
        "relative_strength": 3.670755,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.491241,
        "energy": 63.659919,
        "activity_lines": [
          8.695967,
          8.653195,
          8.564162,
          8.374644
        ]
      }
    ],
    "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."
    }
  }
}