{
  "ticker": {
    "uuid": "e8b497c9-5dd2-42f7-b667-fdc9168eca74",
    "symbol": "V3PA",
    "name": "Vanguard ESG Developed Asia Pacific All Cap UCITS ETF USD Accumulating",
    "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": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 24.968,
    "architecture_energy": 26.51,
    "architecture_maturity": 66.285,
    "architecture_confidence": 88.009,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 48.27,
        "rotation_up": 20.73,
        "upward_expansion": 55.09,
        "deceleration": 91.16,
        "rotation_down": 39.8,
        "downward_expansion": 21.09
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      "activity_lines": [
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        10.534505
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 10.853,
    "trend_reference": 10.180417,
    "distance_from_trend": 0.066066,
    "trend_direction": "Improving",
    "fair_value": 7.556865,
    "distance_from_fair_value": 0.436177,
    "fair_value_direction": "Weakening",
    "relative_strength": 7.171825,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.144831,
    "excess_performance": 0.093596,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.066066,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.089825,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.436177,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.067736,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.071718,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.126355,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.144831,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.67872,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 132639,
      "relative_activity": 4.410406,
      "balance": 0.67872,
      "dry_up": 2.413938,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.04197,
      "annualized_volatility": 0.278609,
      "from_high_reference": -0.070805,
      "from_low_reference": 0.389451
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    "levels": {
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      "fair_value_reference": 7.556865,
      "structural_low": 8.763,
      "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": 5,
        "median_return": 0.048054,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
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        "regime_survival": 0.6,
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        "worst_return": -0.075641,
        "sufficient": true
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      {
        "horizon": "Intermediate",
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        "regime_survival": 0.0,
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        "sufficient": false
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        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.079544,
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        "median_excess_return": 0.020982,
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        "worst_return": 0.079544,
        "sufficient": false
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      {
        "horizon": "Full cycle",
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        "regime": "rotation_down",
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        "active": false
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        "direction": 86.470759,
        "energy": 91.337904,
        "activity_lines": [
          11.239533,
          10.957436,
          10.422312,
          10.100813
        ]
      },
      {
        "date": "2026-06-26",
        "close": 11.322,
        "volume": 28354,
        "typical_volume": 70620.15,
        "trend": 9.737017,
        "fair_value": 7.379426,
        "relative_strength": 18.453646,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.670081,
        "energy": 78.591171,
        "activity_lines": [
          11.3064,
          11.070136,
          10.539188,
          10.209477
        ]
      },
      {
        "date": "2026-07-03",
        "close": 11.248,
        "volume": 44771,
        "typical_volume": 61553.3,
        "trend": 9.831917,
        "fair_value": 7.412772,
        "relative_strength": 15.304915,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.660214,
        "energy": 73.987023,
        "activity_lines": [
          11.310333,
          11.148073,
          10.640245,
          10.30696
        ]
      },
      {
        "date": "2026-07-10",
        "close": 11.126,
        "volume": 44757,
        "typical_volume": 54492.7,
        "trend": 9.92295,
        "fair_value": 7.444003,
        "relative_strength": 15.475545,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.484254,
        "energy": 61.592593,
        "activity_lines": [
          11.271467,
          11.178273,
          10.723338,
          10.390449
        ]
      },
      {
        "date": "2026-07-17",
        "close": 10.464,
        "volume": 45551,
        "typical_volume": 48785.25,
        "trend": 9.990633,
        "fair_value": 7.471321,
        "relative_strength": 7.192034,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.28619,
        "energy": 38.162764,
        "activity_lines": [
          10.992133,
          11.069018,
          10.73794,
          10.425356
        ]
      },
      {
        "date": "2026-07-24",
        "close": 10.569,
        "volume": 31589,
        "typical_volume": 24299.9,
        "trend": 10.057967,
        "fair_value": 7.498484,
        "relative_strength": 6.569322,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.12892,
        "energy": 26.125269,
        "activity_lines": [
          10.793133,
          10.984273,
          10.761552,
          10.46267
        ]
      },
      {
        "date": "2026-07-31",
        "close": 10.435,
        "volume": 80609,
        "typical_volume": 24351.95,
        "trend": 10.116583,
        "fair_value": 7.526038,
        "relative_strength": 3.648014,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.047872,
        "energy": 25.943542,
        "activity_lines": [
          10.622867,
          10.875436,
          10.766093,
          10.486995
        ]
      },
      {
        "date": "2026-08-07",
        "close": 10.853,
        "volume": 132639,
        "typical_volume": 30074.1,
        "trend": 10.180417,
        "fair_value": 7.556865,
        "relative_strength": 7.171825,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.967835,
        "energy": 26.509925,
        "activity_lines": [
          10.651067,
          10.848291,
          10.804145,
          10.534505
        ]
      }
    ],
    "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."
    }
  }
}