{
  "ticker": {
    "uuid": "ebd2bef6-301c-4f76-a0e1-ca82aa578a29",
    "symbol": "REAG",
    "name": "L&G Emerging Markets Equity 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": 84.373,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 25.072,
    "architecture_energy": 26.484,
    "architecture_maturity": 65.146,
    "architecture_confidence": 84.711,
    "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": 55.41,
        "rotation_up": 18.08,
        "upward_expansion": 52.99,
        "deceleration": 94.0,
        "rotation_down": 36.79,
        "downward_expansion": 18.99
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
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    "latest_close": 17.284,
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    "distance_from_trend": 0.051829,
    "trend_direction": "Improving",
    "fair_value": 12.683789,
    "distance_from_fair_value": 0.362684,
    "fair_value_direction": "Weakening",
    "relative_strength": 5.283825,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.136283,
    "excess_performance": 0.085048,
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.051829,
        "read": "Above"
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      {
        "label": "Trend direction",
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        "value": 0.082192,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.362684,
        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.068329,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.052838,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.143039,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.136283,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.227188,
        "read": "Supply-led"
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    ],
    "volume": {
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      "relative_activity": 2.302913,
      "balance": 0.227188,
      "dry_up": 3.047636,
      "accumulation_observations": 1,
      "distribution_observations": 2
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      "annualized_volatility": 0.211828,
      "from_high_reference": -0.073095,
      "from_low_reference": 0.389054
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    "levels": {
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      "fair_value_reference": 12.683789,
      "structural_low": 14.583,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.088702,
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      {
        "horizon": "Intermediate",
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        "sufficient": false
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 0,
        "typical_volume": 443.5,
        "trend": 16.140766,
        "fair_value": 12.58951,
        "relative_strength": 6.907824,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 46.256532,
        "energy": 39.01414,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 17.115,
        "volume": 0,
        "typical_volume": 443.5,
        "trend": 16.252666,
        "fair_value": 12.621157,
        "relative_strength": 6.453612,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.7672,
        "energy": 25.162483,
        "activity_lines": [
          17.3918,
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          17.345076,
          16.877679
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      },
      {
        "date": "2026-07-31",
        "close": 17.040001,
        "volume": 11219,
        "typical_volume": 1004.0,
        "trend": 16.345566,
        "fair_value": 12.651843,
        "relative_strength": 4.406078,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.908211,
        "energy": 26.218774,
        "activity_lines": [
          17.210667,
          17.526345,
          17.367485,
          16.928475
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.284,
        "volume": 2613,
        "typical_volume": 1134.65,
        "trend": 16.432333,
        "fair_value": 12.683789,
        "relative_strength": 5.283825,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.071506,
        "energy": 26.483861,
        "activity_lines": [
          17.1744,
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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."
    }
  }
}