{
  "ticker": {
    "uuid": "eb1bd0a9-ea4c-42cb-8433-e5b30e4310e6",
    "symbol": "XDPE",
    "name": "Xtrackers S&P 500 UCITS ETF 1C - 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": 85.425,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 83.077,
    "architecture_energy": 57.83,
    "architecture_maturity": 61.547,
    "architecture_confidence": 68.685,
    "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": 32.04,
        "rotation_up": 52.08,
        "upward_expansion": 79.56,
        "deceleration": 69.06,
        "rotation_down": 27.45,
        "downward_expansion": 8.56
      },
      "activity_lines": [
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        103.970848,
        102.068267
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 108.055,
    "trend_reference": 99.968233,
    "distance_from_trend": 0.080893,
    "trend_direction": "Improving",
    "fair_value": 83.882573,
    "distance_from_fair_value": 0.28817,
    "fair_value_direction": "Improving",
    "relative_strength": 2.376371,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.114889,
    "excess_performance": 0.050249,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.080893,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.030205,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.28817,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.005589,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.023764,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.07081,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.114889,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.496832,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 9961,
      "relative_activity": 0.326887,
      "balance": 1.496832,
      "dry_up": 0.629875,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.0192,
      "annualized_volatility": 0.131057,
      "from_high_reference": -0.003642,
      "from_low_reference": 0.213201
    },
    "levels": {
      "trend_reference": 99.968233,
      "fair_value_reference": 83.882573,
      "structural_low": 89.066002,
      "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": 0.01368,
        "positive_rate": 0.710526,
        "directional_follow_through": 0.710526,
        "median_excess_return": 0.006959,
        "regime_survival": 0.789474,
        "best_return": 0.062517,
        "worst_return": -0.091418,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "worst_return": -0.072168,
        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 8,
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        "worst_return": -0.168877,
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        "horizon": "Full cycle",
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        "worst_return": -0.108991,
        "sufficient": false
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      {
        "regime": "balance",
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        "regime": "rotation_down",
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        "regime": "downward_expansion",
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        "end": "2025-05-23",
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      },
      {
        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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        "fair_value": 80.466643,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 43777.9,
        "trend": 96.720134,
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        "modifier": "Re-accelerating",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 42001.4,
        "trend": 97.4,
        "fair_value": 81.579772,
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      },
      {
        "date": "2026-06-12",
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        "trend": 97.688833,
        "fair_value": 81.835201,
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        "stage": 2,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 39762.15,
        "trend": 98.3024,
        "fair_value": 82.349951,
        "relative_strength": 5.239688,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.680424,
        "energy": 53.335599,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 104.654999,
        "volume": 1351,
        "typical_volume": 39091.4,
        "trend": 98.568367,
        "fair_value": 82.611919,
        "relative_strength": 2.274745,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 39229.35,
        "trend": 98.884233,
        "fair_value": 82.868663,
        "relative_strength": 5.569928,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.044734,
        "energy": 57.534935,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 104.18,
        "volume": 27563,
        "typical_volume": 36766.15,
        "trend": 99.153233,
        "fair_value": 83.115278,
        "relative_strength": 5.154428,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.20095,
        "energy": 53.612286,
        "activity_lines": [
          104.43,
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          102.697609,
          100.950705
        ]
      },
      {
        "date": "2026-07-24",
        "close": 103.800003,
        "volume": 16587,
        "typical_volume": 35998.75,
        "trend": 99.3795,
        "fair_value": 83.356419,
        "relative_strength": 3.449272,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.729122,
        "energy": 47.781651,
        "activity_lines": [
          104.258667,
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          101.250497
        ]
      },
      {
        "date": "2026-07-31",
        "close": 103.625,
        "volume": 22664,
        "typical_volume": 34071.35,
        "trend": 99.625067,
        "fair_value": 83.602092,
        "relative_strength": 1.004634,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.447532,
        "energy": 39.540128,
        "activity_lines": [
          104.077334,
          104.151818,
          103.317857,
          101.5244
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      },
      {
        "date": "2026-08-07",
        "close": 108.055,
        "volume": 9961,
        "typical_volume": 30472.3,
        "trend": 99.968233,
        "fair_value": 83.882573,
        "relative_strength": 2.376371,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.0773,
        "energy": 57.82974,
        "activity_lines": [
          105.323667,
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          102.068267
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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."
    }
  }
}