{
  "ticker": {
    "uuid": "f329f453-8028-443e-8e84-230382d9ae00",
    "symbol": "CSSMIM",
    "name": "iShares SMIM ETF (CH)",
    "exchange": "EBS",
    "country": "CH",
    "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": "^SSMI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 84.018,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 79.265,
    "architecture_energy": 52.275,
    "architecture_maturity": 39.092,
    "architecture_confidence": 65.048,
    "architecture_tenure": "Developing",
    "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": 15.26,
        "rotation_up": 53.8,
        "upward_expansion": 77.93,
        "deceleration": 68.37,
        "rotation_down": 23.6,
        "downward_expansion": 6.93
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 340.600006,
    "trend_reference": 318.880611,
    "distance_from_trend": 0.068111,
    "trend_direction": "Improving",
    "fair_value": 278.207686,
    "distance_from_fair_value": 0.224265,
    "fair_value_direction": "Improving",
    "relative_strength": -0.965511,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.063352,
    "excess_performance": -0.019531,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.068111,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.02714,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.224265,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.064665,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.009655,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.020265,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.063352,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.159916,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 24229,
      "relative_activity": 1.28173,
      "balance": 3.159916,
      "dry_up": 0.917509,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.023729,
      "annualized_volatility": 0.155556,
      "from_high_reference": -0.002343,
      "from_low_reference": 0.194778
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    "levels": {
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      "fair_value_reference": 278.207686,
      "structural_low": 285.813075,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Near term",
        "sample_count": 29,
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        "positive_rate": 0.517241,
        "directional_follow_through": 0.517241,
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        "worst_return": -0.102303,
        "sufficient": true
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        "date": "2026-05-01",
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      },
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        "date": "2026-07-03",
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      },
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        "date": "2026-07-17",
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        "typical_volume": 20591.6,
        "trend": 316.890856,
        "fair_value": 276.83997,
        "relative_strength": -3.050692,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 64.48066,
        "energy": 77.827715,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 324.899994,
        "volume": 13145,
        "typical_volume": 19363.85,
        "trend": 317.444726,
        "fair_value": 277.232161,
        "relative_strength": -4.35067,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.75491,
        "energy": 59.4948,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 328.899994,
        "volume": 17205,
        "typical_volume": 19051.8,
        "trend": 318.117146,
        "fair_value": 277.678168,
        "relative_strength": -3.154575,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.000661,
        "energy": 38.106661,
        "activity_lines": [
          328.782308,
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      },
      {
        "date": "2026-08-07",
        "close": 340.600006,
        "volume": 24229,
        "typical_volume": 18903.35,
        "trend": 318.880611,
        "fair_value": 278.207686,
        "relative_strength": -0.965511,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.264764,
        "energy": 52.274616,
        "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."
    }
  }
}