{
  "ticker": {
    "uuid": "ec35c296-bd41-4822-9484-2c362db611b9",
    "symbol": "UC84",
    "name": "UBS Core BBG US Liquid Corp UCITS ETF USD dis",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 63.32,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.765,
    "architecture_energy": 72.011,
    "architecture_maturity": 3.346,
    "architecture_confidence": 77.652,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 20.25,
        "rotation_up": 8.14,
        "upward_expansion": 14.67,
        "deceleration": 38.06,
        "rotation_down": 78.35,
        "downward_expansion": 90.33
      },
      "activity_lines": [
        1084.65,
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        1096.555952,
        1097.954829
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 1083.0,
    "trend_reference": 1101.531482,
    "distance_from_trend": -0.016823,
    "trend_direction": "Weakening",
    "fair_value": 1140.064867,
    "distance_from_fair_value": -0.050054,
    "fair_value_direction": "Improving",
    "relative_strength": -11.024817,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.031457,
    "excess_performance": -0.082692,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.016823,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.01133,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.050054,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.002506,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.110248,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.019071,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.031457,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.495416,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 7766,
      "relative_activity": 0.820323,
      "balance": 0.495416,
      "dry_up": 1.015026,
      "accumulation_observations": 0,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.010565,
      "annualized_volatility": 0.070717,
      "from_high_reference": -0.288948,
      "from_low_reference": 0.005104
    },
    "levels": {
      "trend_reference": 1101.531482,
      "fair_value_reference": 1140.064867,
      "structural_low": 1077.5,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 33,
        "median_return": -0.000618,
        "positive_rate": 0.484848,
        "directional_follow_through": 0.515152,
        "median_excess_return": 0.003505,
        "regime_survival": 0.787879,
        "best_return": 0.056527,
        "worst_return": -0.024129,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.002553,
        "positive_rate": 0.454545,
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        "median_excess_return": 0.005197,
        "regime_survival": 0.636364,
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        "worst_return": -0.040544,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.010111,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
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        "regime_survival": 0.2,
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        "worst_return": -0.024921,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.03419,
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        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "rotation_down",
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      },
      {
        "date": "2026-04-03",
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      {
        "date": "2026-04-10",
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      },
      {
        "date": "2026-04-17",
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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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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 14254.95,
        "trend": 1115.843172,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 14087.8,
        "trend": 1114.154342,
        "fair_value": 1143.093498,
        "relative_strength": -8.529143,
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      },
      {
        "date": "2026-06-05",
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        "fair_value": 1142.684401,
        "relative_strength": -7.731779,
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      },
      {
        "date": "2026-06-12",
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        "trend": 1111.243274,
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        "relative_strength": -8.202906,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-03",
        "close": 1110.0,
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        "trend": 1108.376693,
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        "stage": 4,
        "regime": "rotation_up",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 1141.439453,
        "relative_strength": -8.069855,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 0.346842,
        "energy": 21.60398,
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      },
      {
        "date": "2026-07-17",
        "close": 1092.0,
        "volume": 9491,
        "typical_volume": 9904.2,
        "trend": 1105.790344,
        "fair_value": 1141.023868,
        "relative_strength": -8.786367,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -40.958904,
        "energy": 17.417545,
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          1102.366667,
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          1102.094855
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      },
      {
        "date": "2026-07-24",
        "close": 1089.0,
        "volume": 10590,
        "typical_volume": 9318.5,
        "trend": 1104.692908,
        "fair_value": 1140.619456,
        "relative_strength": -9.861386,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -53.665286,
        "energy": 40.088135,
        "activity_lines": [
          1096.0,
          1101.781818,
          1100.017857,
          1101.011607
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      },
      {
        "date": "2026-07-31",
        "close": 1077.5,
        "volume": 10590,
        "typical_volume": 9353.8,
        "trend": 1103.187146,
        "fair_value": 1140.318931,
        "relative_strength": -11.535436,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -78.597976,
        "energy": 58.551596,
        "activity_lines": [
          1087.8,
          1097.2,
          1097.965476,
          1099.257226
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      },
      {
        "date": "2026-08-07",
        "close": 1083.0,
        "volume": 7766,
        "typical_volume": 9467.0,
        "trend": 1101.531482,
        "fair_value": 1140.064867,
        "relative_strength": -11.024817,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.764623,
        "energy": 72.010724,
        "activity_lines": [
          1084.65,
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          1097.954829
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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."
    }
  }
}