{
  "ticker": {
    "uuid": "eb1b836d-05e1-4afa-8b09-8d0d0f446211",
    "symbol": "VUAG",
    "name": "Vanguard S&P 500 UCITS ETF USD Accumulation",
    "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": 79.553,
    "architecture_energy": 53.334,
    "architecture_maturity": 86.788,
    "architecture_confidence": 65.095,
    "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": 25.61,
        "rotation_up": 47.54,
        "upward_expansion": 79.2,
        "deceleration": 71.31,
        "rotation_down": 29.01,
        "downward_expansion": 8.2
      },
      "activity_lines": [
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        107.321762,
        105.185549
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 111.059998,
    "trend_reference": 102.618334,
    "distance_from_trend": 0.082263,
    "trend_direction": "Improving",
    "fair_value": 86.359199,
    "distance_from_fair_value": 0.286024,
    "fair_value_direction": "Improving",
    "relative_strength": 2.65821,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.140012,
    "excess_performance": 0.088777,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082263,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033839,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.286024,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.022295,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.026582,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.015914,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.140012,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.448356,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1771680,
      "relative_activity": 1.289973,
      "balance": 1.448356,
      "dry_up": 1.150474,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.020292,
      "annualized_volatility": 0.1228,
      "from_high_reference": -0.006441,
      "from_low_reference": 0.23222
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    "levels": {
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      "fair_value_reference": 86.359199,
      "structural_low": 92.650002,
      "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": 38,
        "median_return": 0.01819,
        "positive_rate": 0.605263,
        "directional_follow_through": 0.605263,
        "median_excess_return": 0.001484,
        "regime_survival": 0.789474,
        "best_return": 0.057872,
        "worst_return": -0.095472,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.642857,
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        "worst_return": -0.060306,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.625,
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        "worst_return": -0.074519,
        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": 0.01201,
        "sufficient": false
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        "regime": "balance",
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        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "energy": 10.584997,
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 1527813.45,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 1590834.9,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 1605004.6,
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-05-29",
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        "volume": 1576651,
        "typical_volume": 1607491.35,
        "trend": 99.2595,
        "fair_value": 83.594968,
        "relative_strength": 5.904266,
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        "modifier": "Early expansion",
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        "direction": 81.170699,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1545508.0,
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 84.715289,
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        "stage": 2,
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        "direction": 64.974459,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 1310732.55,
        "trend": 100.954667,
        "fair_value": 84.99843,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 1321618.25,
        "trend": 101.310667,
        "fair_value": 85.282404,
        "relative_strength": 4.430538,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1328595.3,
        "trend": 101.617667,
        "fair_value": 85.545898,
        "relative_strength": 2.052179,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 61.524164,
        "energy": 57.675063,
        "activity_lines": [
          108.12,
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          103.915312
        ]
      },
      {
        "date": "2026-07-24",
        "close": 107.760002,
        "volume": 1287354,
        "typical_volume": 1327404.8,
        "trend": 101.935,
        "fair_value": 85.809167,
        "relative_strength": 1.159167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.230677,
        "energy": 49.94319,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 106.660004,
        "volume": 1785868,
        "typical_volume": 1350512.5,
        "trend": 102.238667,
        "fair_value": 86.067981,
        "relative_strength": -1.067896,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.991296,
        "energy": 39.148096,
        "activity_lines": [
          107.480002,
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          104.616431
        ]
      },
      {
        "date": "2026-08-07",
        "close": 111.059998,
        "volume": 1771680,
        "typical_volume": 1373423.65,
        "trend": 102.618334,
        "fair_value": 86.359199,
        "relative_strength": 2.65821,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.553135,
        "energy": 53.333991,
        "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."
    }
  }
}