{
  "ticker": {
    "uuid": "e433ccd4-8b96-485a-9454-2136b087e230",
    "symbol": "SAUS",
    "name": "iShares MSCI Australia UCITS ETF USD (Acc)",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 84.207,
    "architecture_energy": 75.63,
    "architecture_maturity": 29.126,
    "architecture_confidence": 72.973,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 33.2,
        "rotation_up": 75.5,
        "upward_expansion": 88.4,
        "deceleration": 44.91,
        "rotation_down": 9.7,
        "downward_expansion": 15.06
      },
      "activity_lines": [
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        4666.238095,
        4643.886022
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 4892.5,
    "trend_reference": 4597.866667,
    "distance_from_trend": 0.06408,
    "trend_direction": "Improving",
    "fair_value": 4475.948718,
    "distance_from_fair_value": 0.093064,
    "fair_value_direction": "Improving",
    "relative_strength": 1.939964,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.1059,
    "excess_performance": 0.054664,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.06408,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.037554,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.093064,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.050618,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.0194,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.003505,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.1059,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.32108,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 65473,
      "relative_activity": 0.993465,
      "balance": 2.32108,
      "dry_up": 1.161995,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.021226,
      "annualized_volatility": 0.162348,
      "from_high_reference": -0.003158,
      "from_low_reference": 0.21583
    },
    "levels": {
      "trend_reference": 4597.866667,
      "fair_value_reference": 4475.948718,
      "structural_low": 4358.47998,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 20,
        "median_return": 0.00285,
        "positive_rate": 0.55,
        "directional_follow_through": 0.55,
        "median_excess_return": 0.007426,
        "regime_survival": 0.5,
        "best_return": 0.414417,
        "worst_return": -0.18921,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.010434,
        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
        "median_excess_return": 0.018444,
        "regime_survival": 0.222222,
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        "worst_return": -0.202315,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.045153,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.023651,
        "regime_survival": 0.166667,
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        "worst_return": -0.246413,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "directional_follow_through": 0.666667,
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        "worst_return": -0.195956,
        "sufficient": false
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    ],
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        "start": "2024-05-24",
        "end": "2024-10-25",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
        "regime": "rotation_up",
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        "regime": "upward_expansion",
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        "regime": "balance",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 4688.0,
        "volume": 71517,
        "typical_volume": 64193.7,
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        "fair_value": 4470.849359,
        "relative_strength": -0.948517,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 4716.0,
        "volume": 106583,
        "typical_volume": 66663.25,
        "trend": 4574.466667,
        "fair_value": 4472.535256,
        "relative_strength": -1.48193,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 59.767778,
        "energy": 40.612662,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 4892.5,
        "volume": 65473,
        "typical_volume": 65903.7,
        "trend": 4597.866667,
        "fair_value": 4475.948718,
        "relative_strength": 1.939964,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
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        "energy": 75.630117,
        "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."
    }
  }
}