{
  "ticker": {
    "uuid": "e3d66763-4ccc-48da-80ad-2e0b5ffafe7f",
    "symbol": "XD9E",
    "name": "Xtrackers MSCI USA UCITS ETF 2C - EUR Hedged",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 85.345,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 83.679,
    "architecture_energy": 58.844,
    "architecture_maturity": 58.523,
    "architecture_confidence": 69.427,
    "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": 32.22,
        "rotation_up": 52.55,
        "upward_expansion": 79.81,
        "deceleration": 68.65,
        "rotation_down": 27.43,
        "downward_expansion": 8.81
      },
      "activity_lines": [
        150.265,
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        148.254906,
        145.509184
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 154.229996,
    "trend_reference": 142.495668,
    "distance_from_trend": 0.082349,
    "trend_direction": "Improving",
    "fair_value": 119.654049,
    "distance_from_fair_value": 0.288966,
    "fair_value_direction": "Improving",
    "relative_strength": 2.381791,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.117082,
    "excess_performance": 0.052443,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082349,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.02964,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.288966,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.009096,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.023818,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.066695,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.117082,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.427106,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 15531,
      "relative_activity": 0.872925,
      "balance": 1.427106,
      "dry_up": 1.189474,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.019095,
      "annualized_volatility": 0.132648,
      "from_high_reference": -0.002619,
      "from_low_reference": 0.210929
    },
    "levels": {
      "trend_reference": 142.495668,
      "fair_value_reference": 119.654049,
      "structural_low": 127.364998,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 37,
        "median_return": 0.015233,
        "positive_rate": 0.72973,
        "directional_follow_through": 0.72973,
        "median_excess_return": 0.007804,
        "regime_survival": 0.756757,
        "best_return": 0.062552,
        "worst_return": -0.062528,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
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        "regime_survival": 0.583333,
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        "worst_return": -0.073033,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "regime_survival": 0.625,
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        "worst_return": -0.17518,
        "sufficient": true
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        "horizon": "Full cycle",
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        "regime": "balance",
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        "regime": "downward_expansion",
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        "end": "2025-06-06",
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        "direction": 33.129279,
        "energy": 34.566432,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 21949.6,
        "trend": 136.643184,
        "fair_value": 114.349324,
        "relative_strength": 6.576301,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 22087.7,
        "trend": 137.074018,
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        "relative_strength": 9.051262,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "energy": 84.753211,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 22793.5,
        "trend": 137.555185,
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        "relative_strength": 11.042644,
        "stage": 2,
        "regime": "upward_expansion",
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        "energy": 89.581275,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 23742.6,
        "trend": 137.959668,
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        "relative_strength": 7.47498,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 81.661736,
        "energy": 90.923703,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 23933.95,
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        "relative_strength": 7.558795,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 23645.9,
        "trend": 138.900834,
        "fair_value": 116.346318,
        "relative_strength": 7.335452,
        "stage": 2,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 23015.5,
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        "fair_value": 116.713497,
        "relative_strength": 6.806869,
        "stage": 2,
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": 5.679658,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 21235.1,
        "trend": 140.153835,
        "fair_value": 117.451991,
        "relative_strength": 5.018824,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.915278,
        "energy": 54.151357,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 149.369995,
        "volume": 1986,
        "typical_volume": 19294.2,
        "trend": 140.525834,
        "fair_value": 117.829427,
        "relative_strength": 2.249072,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.67528,
        "energy": 50.695401,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 18737.9,
        "trend": 140.970001,
        "fair_value": 118.197914,
        "relative_strength": 5.51326,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.482616,
        "energy": 58.065734,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 148.625,
        "volume": 20990,
        "typical_volume": 19092.15,
        "trend": 141.348001,
        "fair_value": 118.551856,
        "relative_strength": 5.090804,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.453671,
        "energy": 54.506918,
        "activity_lines": [
          148.967001,
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          146.398954,
          143.892571
        ]
      },
      {
        "date": "2026-07-24",
        "close": 148.095001,
        "volume": 20642,
        "typical_volume": 17541.55,
        "trend": 141.665334,
        "fair_value": 118.89785,
        "relative_strength": 3.400353,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.113377,
        "energy": 48.777759,
        "activity_lines": [
          148.740668,
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          146.898573,
          144.327861
        ]
      },
      {
        "date": "2026-07-31",
        "close": 147.755005,
        "volume": 27489,
        "typical_volume": 18093.4,
        "trend": 142.009168,
        "fair_value": 119.2506,
        "relative_strength": 0.901369,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.95286,
        "energy": 40.713299,
        "activity_lines": [
          148.462669,
          148.549638,
          147.303597,
          144.720743
        ]
      },
      {
        "date": "2026-08-07",
        "close": 154.229996,
        "volume": 15531,
        "typical_volume": 17791.9,
        "trend": 142.495668,
        "fair_value": 119.654049,
        "relative_strength": 2.381791,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.678695,
        "energy": 58.843935,
        "activity_lines": [
          150.265,
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          145.509184
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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."
    }
  }
}