{
  "ticker": {
    "uuid": "da8bffc6-6700-46f6-a02f-ef31198609d8",
    "symbol": "IWDE",
    "name": "iShares MSCI World EUR Hedged UCITS ETF (Acc)",
    "exchange": "AMS",
    "country": "NL",
    "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": "^AEX",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 85.49,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 85.157,
    "architecture_energy": 62.569,
    "architecture_maturity": 60.191,
    "architecture_confidence": 68.695,
    "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": 15.02,
        "rotation_up": 54.35,
        "upward_expansion": 80.78,
        "deceleration": 68.8,
        "rotation_down": 27.26,
        "downward_expansion": 9.78
      },
      "activity_lines": [
        118.22,
        117.645818,
        116.422167,
        114.406161
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 121.120003,
    "trend_reference": 112.176833,
    "distance_from_trend": 0.079724,
    "trend_direction": "Improving",
    "fair_value": 93.617436,
    "distance_from_fair_value": 0.293776,
    "fair_value_direction": "Improving",
    "relative_strength": -0.873302,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.112673,
    "excess_performance": -0.00399,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.079724,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.032814,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.293776,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.020836,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.008733,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.040268,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.112673,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.376753,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 19608,
      "relative_activity": 0.618229,
      "balance": 3.376753,
      "dry_up": 0.610883,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.017554,
      "annualized_volatility": 0.123322,
      "from_high_reference": -0.00099,
      "from_low_reference": 0.212412
    },
    "levels": {
      "trend_reference": 112.176833,
      "fair_value_reference": 93.617436,
      "structural_low": 101.18,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 41,
        "median_return": 0.010793,
        "positive_rate": 0.731707,
        "directional_follow_through": 0.731707,
        "median_excess_return": 0.002492,
        "regime_survival": 0.756098,
        "best_return": 0.097088,
        "worst_return": -0.073291,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "median_return": 0.046039,
        "positive_rate": 0.866667,
        "directional_follow_through": 0.866667,
        "median_excess_return": 0.005898,
        "regime_survival": 0.666667,
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        "worst_return": -0.056887,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.068421,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.006718,
        "regime_survival": 0.75,
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        "worst_return": -0.154381,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "directional_follow_through": 0.75,
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        "worst_return": -0.110192,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-17",
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        "active": false
      },
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        "regime": "upward_expansion",
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      },
      {
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      },
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "color": "red",
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        "active": false
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        "regime": "balance",
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        "relative_strength": 0.630077,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 55.977175,
        "energy": 42.002777,
        "activity_lines": [
          109.488333,
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      },
      {
        "date": "2026-05-01",
        "close": 111.834999,
        "volume": 32275,
        "typical_volume": 60533.95,
        "trend": 107.154166,
        "fair_value": 89.594199,
        "relative_strength": 1.383387,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 65.991642,
        "energy": 52.829405,
        "activity_lines": [
          110.877333,
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 114.419998,
        "volume": 63076,
        "typical_volume": 62455.6,
        "trend": 107.5065,
        "fair_value": 89.886378,
        "relative_strength": 3.153525,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.573907,
        "energy": 79.882946,
        "activity_lines": [
          112.449665,
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      },
      {
        "date": "2026-05-15",
        "close": 114.82,
        "volume": 46299,
        "typical_volume": 63977.75,
        "trend": 107.880833,
        "fair_value": 90.174391,
        "relative_strength": 4.011588,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.573129,
        "energy": 81.904899,
        "activity_lines": [
          113.502999,
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          109.361714,
          108.780344
        ]
      },
      {
        "date": "2026-05-22",
        "close": 116.300003,
        "volume": 36434,
        "typical_volume": 63825.0,
        "trend": 108.2495,
        "fair_value": 90.473494,
        "relative_strength": 1.676542,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.692147,
        "energy": 84.397582,
        "activity_lines": [
          114.616,
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          109.323516
        ]
      },
      {
        "date": "2026-05-29",
        "close": 117.540001,
        "volume": 32124,
        "typical_volume": 63835.55,
        "trend": 108.612833,
        "fair_value": 90.773045,
        "relative_strength": 3.54882,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.666374,
        "energy": 87.393671,
        "activity_lines": [
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          110.866405,
          109.922903
        ]
      },
      {
        "date": "2026-06-05",
        "close": 116.440002,
        "volume": 4112,
        "typical_volume": 60030.6,
        "trend": 109.026667,
        "fair_value": 91.064744,
        "relative_strength": 1.804045,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.021393,
        "energy": 83.219819,
        "activity_lines": [
          116.354668,
          114.656001,
          111.513143,
          110.427882
        ]
      },
      {
        "date": "2026-06-12",
        "close": 116.18,
        "volume": 5193,
        "typical_volume": 57373.15,
        "trend": 109.371666,
        "fair_value": 91.343237,
        "relative_strength": -2.262906,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.759699,
        "energy": 79.674326,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 117.260002,
        "volume": 1698,
        "typical_volume": 51863.6,
        "trend": 109.848667,
        "fair_value": 91.638269,
        "relative_strength": -1.157768,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.239744,
        "energy": 80.714127,
        "activity_lines": [
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          111.398312
        ]
      },
      {
        "date": "2026-06-26",
        "close": 115.559998,
        "volume": 3194,
        "typical_volume": 48850.35,
        "trend": 110.143667,
        "fair_value": 91.912596,
        "relative_strength": -1.045441,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.626053,
        "energy": 60.862125,
        "activity_lines": [
          116.386667,
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          113.215191,
          111.766785
        ]
      },
      {
        "date": "2026-07-03",
        "close": 117.779999,
        "volume": 953,
        "typical_volume": 47271.45,
        "trend": 110.494167,
        "fair_value": 92.206763,
        "relative_strength": -1.253478,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.024263,
        "energy": 61.855721,
        "activity_lines": [
          116.781333,
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          113.849905,
          112.259452
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      },
      {
        "date": "2026-07-10",
        "close": 118.019997,
        "volume": 32890,
        "typical_volume": 46768.55,
        "trend": 110.871,
        "fair_value": 92.492019,
        "relative_strength": -1.189383,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.149951,
        "energy": 70.881802,
        "activity_lines": [
          117.239999,
          116.871272,
          114.464429,
          112.744989
        ]
      },
      {
        "date": "2026-07-17",
        "close": 116.720001,
        "volume": 14850,
        "typical_volume": 42983.65,
        "trend": 111.191667,
        "fair_value": 92.764776,
        "relative_strength": -2.948287,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.16246,
        "energy": 61.840521,
        "activity_lines": [
          117.159999,
          116.923636,
          114.914691,
          113.122344
        ]
      },
      {
        "date": "2026-07-24",
        "close": 116.720001,
        "volume": 20045,
        "typical_volume": 40225.85,
        "trend": 111.482833,
        "fair_value": 93.033269,
        "relative_strength": -2.721594,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.73339,
        "energy": 56.159485,
        "activity_lines": [
          117.044,
          116.934182,
          115.331524,
          113.479011
        ]
      },
      {
        "date": "2026-07-31",
        "close": 116.519997,
        "volume": 22997,
        "typical_volume": 36253.45,
        "trend": 111.786333,
        "fair_value": 93.307885,
        "relative_strength": -3.624952,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.623135,
        "energy": 47.704923,
        "activity_lines": [
          116.897332,
          116.873818,
          115.684905,
          113.803989
        ]
      },
      {
        "date": "2026-08-07",
        "close": 121.120003,
        "volume": 19608,
        "typical_volume": 31716.4,
        "trend": 112.176833,
        "fair_value": 93.617436,
        "relative_strength": -0.873302,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.157228,
        "energy": 62.569254,
        "activity_lines": [
          118.22,
          117.645818,
          116.422167,
          114.406161
        ]
      }
    ],
    "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."
    }
  }
}