{
  "ticker": {
    "uuid": "db25d818-ce46-49bd-8791-e5787f77d350",
    "symbol": "VDEV",
    "name": "Vanguard FTSE Developed World UCITS ETF USD Distributing",
    "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": 81.177,
    "architecture_energy": 54.518,
    "architecture_maturity": 64.841,
    "architecture_confidence": 69.793,
    "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": 24.57,
        "rotation_up": 49.8,
        "upward_expansion": 78.94,
        "deceleration": 68.92,
        "rotation_down": 27.98,
        "downward_expansion": 7.94
      },
      "activity_lines": [
        142.679999,
        142.163465,
        140.876665,
        138.33655
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 146.330002,
    "trend_reference": 135.45656,
    "distance_from_trend": 0.080273,
    "trend_direction": "Improving",
    "fair_value": 109.295959,
    "distance_from_fair_value": 0.338842,
    "fair_value_direction": "Improving",
    "relative_strength": 3.317177,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.115633,
    "excess_performance": 0.064398,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.080273,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039005,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.338842,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.004211,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.033172,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.027348,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.115633,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.841916,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 36110,
      "relative_activity": 0.756618,
      "balance": 1.841916,
      "dry_up": 0.942828,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.020386,
      "annualized_volatility": 0.135636,
      "from_high_reference": -0.001706,
      "from_low_reference": 0.241045
    },
    "levels": {
      "trend_reference": 135.45656,
      "fair_value_reference": 109.295959,
      "structural_low": 121.005766,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 43,
        "median_return": 0.012286,
        "positive_rate": 0.674419,
        "directional_follow_through": 0.674419,
        "median_excess_return": -0.00252,
        "regime_survival": 0.837209,
        "best_return": 0.054364,
        "worst_return": -0.052778,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 16,
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        "positive_rate": 0.6875,
        "directional_follow_through": 0.6875,
        "median_excess_return": -0.003891,
        "regime_survival": 0.75,
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        "worst_return": -0.07637,
        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 9,
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        "directional_follow_through": 0.888889,
        "median_excess_return": 0.031471,
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        "worst_return": -0.170616,
        "sufficient": true
      },
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        "horizon": "Full cycle",
        "sample_count": 4,
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        "directional_follow_through": 0.75,
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        "regime_survival": 0.75,
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        "worst_return": -0.134585,
        "sufficient": false
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        "color": "amber",
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        "tenure": "Developing",
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        "regime": "rotation_down",
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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        "active": false
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        "regime": "downward_expansion",
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      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-08",
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      },
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      },
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 56968.25,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 5.232393,
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": 4.387095,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 2.959731,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 12545,
        "typical_volume": 50370.55,
        "trend": 133.135432,
        "fair_value": 107.429806,
        "relative_strength": 3.03493,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 107.805783,
        "relative_strength": 4.812212,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-17",
        "close": 140.774994,
        "volume": 84644,
        "typical_volume": 54340.75,
        "trend": 134.116636,
        "fair_value": 108.16687,
        "relative_strength": 2.347433,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.905244,
        "energy": 50.796327,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 140.550003,
        "volume": 33765,
        "typical_volume": 48642.75,
        "trend": 134.510297,
        "fair_value": 108.522056,
        "relative_strength": 0.868767,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.638765,
        "energy": 43.981493,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 140.664993,
        "volume": 25469,
        "typical_volume": 47524.3,
        "trend": 134.926072,
        "fair_value": 108.887175,
        "relative_strength": -0.315967,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.218031,
        "energy": 36.542218,
        "activity_lines": [
          141.052664,
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          139.999983,
          137.600812
        ]
      },
      {
        "date": "2026-08-07",
        "close": 146.330002,
        "volume": 36110,
        "typical_volume": 47725.55,
        "trend": 135.45656,
        "fair_value": 109.295959,
        "relative_strength": 3.317177,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.17673,
        "energy": 54.51765,
        "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."
    }
  }
}