{
  "ticker": {
    "uuid": "f1a2f7b7-11ae-4efd-b974-09638ebeb361",
    "symbol": "AW1R",
    "name": "UBS MSCI ACWI Socially Responsible UCITS ETF hEUR acc",
    "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": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 67.338,
    "architecture_energy": 49.028,
    "architecture_maturity": 64.381,
    "architecture_confidence": 78.34,
    "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": 19.19,
        "rotation_up": 44.59,
        "upward_expansion": 69.67,
        "deceleration": 85.46,
        "rotation_down": 27.71,
        "downward_expansion": 19.67
      },
      "activity_lines": [
        22.291333,
        22.310182,
        21.970662,
        21.437737
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 22.764999,
    "trend_reference": 20.841967,
    "distance_from_trend": 0.092267,
    "trend_direction": "Improving",
    "fair_value": 17.397686,
    "distance_from_fair_value": 0.308507,
    "fair_value_direction": "Improving",
    "relative_strength": 5.138061,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.146967,
    "excess_performance": 0.082327,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.092267,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.050645,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.308507,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.02468,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.051381,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.06813,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.146967,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.29641,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 20369,
      "relative_activity": 1.091262,
      "balance": 1.29641,
      "dry_up": 0.749817,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.022791,
      "annualized_volatility": 0.147921,
      "from_high_reference": -0.001097,
      "from_low_reference": 0.275493
    },
    "levels": {
      "trend_reference": 20.841967,
      "fair_value_reference": 17.397686,
      "structural_low": 18.296,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.016573,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.008114,
        "regime_survival": 0.111111,
        "best_return": 0.09699,
        "worst_return": -0.051211,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.059906,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.011135,
        "regime_survival": 0.0,
        "best_return": 0.125408,
        "worst_return": -0.115866,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.124556,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.050594,
        "regime_survival": 0.166667,
        "best_return": 0.141587,
        "worst_return": -0.001854,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.034661,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.002659,
        "regime_survival": 0.0,
        "best_return": 0.272371,
        "worst_return": -0.19555,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.083858,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.043841,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.002932,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.033434,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-14",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.003153,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.148455,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": 0.038784,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-01",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.049585,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.010607,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-12",
        "end": "2026-03-27",
        "tenure": "Established",
        "return": -0.047011,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-03",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.0426,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-17",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.002906,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-07-31",
        "tenure": "Established",
        "return": 0.023104,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 219180.4,
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        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 32258.85,
        "trend": 19.509167,
        "fair_value": 16.632571,
        "relative_strength": 8.843247,
        "stage": 2,
        "regime": "rotation_up",
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      },
      {
        "date": "2026-05-08",
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        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 33630.55,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 33386.1,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 31389.8,
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        "relative_strength": 10.202788,
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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": 17.070821,
        "relative_strength": 11.453383,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.021114,
        "energy": 83.156,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 22992.0,
        "trend": 20.3792,
        "fair_value": 17.128846,
        "relative_strength": 8.513264,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 22587.75,
        "trend": 20.491633,
        "fair_value": 17.184391,
        "relative_strength": 11.124148,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.739264,
        "energy": 86.228833,
        "activity_lines": [
          22.501,
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          21.031301
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      },
      {
        "date": "2026-07-17",
        "close": 22.094999,
        "volume": 23170,
        "typical_volume": 23056.2,
        "trend": 20.5832,
        "fair_value": 17.2365,
        "relative_strength": 9.06852,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.676721,
        "energy": 66.64137,
        "activity_lines": [
          22.393,
          22.259818,
          21.636076,
          21.134744
        ]
      },
      {
        "date": "2026-07-24",
        "close": 22.01,
        "volume": 4917,
        "typical_volume": 21859.9,
        "trend": 20.667467,
        "fair_value": 17.287051,
        "relative_strength": 7.162149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.783165,
        "energy": 59.740951,
        "activity_lines": [
          22.257333,
          22.246909,
          21.738833,
          21.226796
        ]
      },
      {
        "date": "2026-07-31",
        "close": 21.92,
        "volume": 7527,
        "typical_volume": 21299.65,
        "trend": 20.747933,
        "fair_value": 17.338885,
        "relative_strength": 4.259752,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.177142,
        "energy": 44.337978,
        "activity_lines": [
          22.124333,
          22.204727,
          21.821305,
          21.307604
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.764999,
        "volume": 20369,
        "typical_volume": 18665.55,
        "trend": 20.841967,
        "fair_value": 17.397686,
        "relative_strength": 5.138061,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 67.337535,
        "energy": 49.028113,
        "activity_lines": [
          22.291333,
          22.310182,
          21.970662,
          21.437737
        ]
      }
    ],
    "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."
    }
  }
}