{
  "ticker": {
    "uuid": "f813ad00-7b0b-4fdb-a9a6-871849294d7a",
    "symbol": "ESGI",
    "name": "VanEck MSCI International Sustainable Equity ETF",
    "exchange": "ASX",
    "country": "AU",
    "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": "^AXJO",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 75.527,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.8,
    "architecture_energy": 64.605,
    "architecture_maturity": 33.954,
    "architecture_confidence": 71.688,
    "architecture_tenure": "New",
    "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": 17.99,
        "rotation_up": 55.94,
        "upward_expansion": 82.62,
        "deceleration": 68.44,
        "rotation_down": 25.18,
        "downward_expansion": 11.62
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 38.0,
    "trend_reference": 34.70342,
    "distance_from_trend": 0.094993,
    "trend_direction": "Improving",
    "fair_value": 33.03989,
    "distance_from_fair_value": 0.150125,
    "fair_value_direction": "Improving",
    "relative_strength": 2.06269,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.121937,
    "excess_performance": 0.058231,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.094993,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.004221,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.150125,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.128341,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.020627,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.088689,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.121937,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.039642,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 22461,
      "relative_activity": 0.603258,
      "balance": 1.039642,
      "dry_up": 1.403897,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.026292,
      "annualized_volatility": 0.141126,
      "from_high_reference": -0.012474,
      "from_low_reference": 0.200632
    },
    "levels": {
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      "fair_value_reference": 33.03989,
      "structural_low": 31.65,
      "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": 44,
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        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
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        "best_return": 0.060013,
        "worst_return": -0.060406,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "sufficient": true
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        "fair_value": 32.079937,
        "relative_strength": -6.578498,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.512671,
        "energy": 31.464493,
        "activity_lines": [
          33.091334,
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      },
      {
        "date": "2026-05-01",
        "close": 32.442024,
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        "typical_volume": 40694.8,
        "trend": 35.000068,
        "fair_value": 32.128923,
        "relative_strength": -8.081187,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.002782,
        "energy": 33.489739,
        "activity_lines": [
          32.920008,
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          33.455288,
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 32.880169,
        "volume": 51456,
        "typical_volume": 42006.7,
        "trend": 34.879407,
        "fair_value": 32.179196,
        "relative_strength": -6.806258,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.444143,
        "energy": 29.992467,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 33.055424,
        "volume": 36467,
        "typical_volume": 43176.25,
        "trend": 34.762587,
        "fair_value": 32.227986,
        "relative_strength": -4.906076,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.986225,
        "energy": 29.965515,
        "activity_lines": [
          32.924925,
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          33.226658,
          33.898676
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      },
      {
        "date": "2026-05-22",
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        "volume": 65954,
        "typical_volume": 45118.6,
        "trend": 34.666793,
        "fair_value": 32.285441,
        "relative_strength": -1.966444,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.677319,
        "energy": 18.310357,
        "activity_lines": [
          33.311809,
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          33.247353,
          33.858263
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      },
      {
        "date": "2026-05-29",
        "close": 33.522778,
        "volume": 52864,
        "typical_volume": 46676.2,
        "trend": 34.557553,
        "fair_value": 32.33853,
        "relative_strength": -4.376364,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -19.672928,
        "energy": 13.581996,
        "activity_lines": [
          33.435149,
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          33.220361,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 35.431129,
        "volume": 24219,
        "typical_volume": 46609.45,
        "trend": 34.521924,
        "fair_value": 32.404287,
        "relative_strength": 2.355018,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 14.661925,
        "energy": 23.015927,
        "activity_lines": [
          34.17642,
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          33.391628,
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      },
      {
        "date": "2026-06-12",
        "close": 35.66481,
        "volume": 20925,
        "typical_volume": 46373.75,
        "trend": 34.503417,
        "fair_value": 32.470835,
        "relative_strength": 0.992579,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 39.855993,
        "energy": 51.229943,
        "activity_lines": [
          34.796312,
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          33.91455
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      },
      {
        "date": "2026-06-19",
        "close": 36.034794,
        "volume": 9324,
        "typical_volume": 44695.25,
        "trend": 34.526244,
        "fair_value": 32.539918,
        "relative_strength": 1.783293,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 41.38482,
        "energy": 66.649076,
        "activity_lines": [
          35.353889,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 36.755295,
        "volume": 16442,
        "typical_volume": 40748.7,
        "trend": 34.522087,
        "fair_value": 32.610524,
        "relative_strength": 4.584864,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 47.290665,
        "energy": 74.748862,
        "activity_lines": [
          35.953008,
          35.018478,
          34.136773,
          34.157158
        ]
      },
      {
        "date": "2026-07-03",
        "close": 37.880001,
        "volume": 2124,
        "typical_volume": 35759.0,
        "trend": 34.571754,
        "fair_value": 32.689747,
        "relative_strength": 6.753241,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 62.063453,
        "energy": 85.473774,
        "activity_lines": [
          36.752421,
          35.666249,
          34.533475,
          34.373797
        ]
      },
      {
        "date": "2026-07-10",
        "close": 37.610001,
        "volume": 39092,
        "typical_volume": 34864.75,
        "trend": 34.603754,
        "fair_value": 32.765944,
        "relative_strength": 6.40726,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 52.279822,
        "energy": 82.121395,
        "activity_lines": [
          37.171353,
          36.180747,
          34.884177,
          34.569813
        ]
      },
      {
        "date": "2026-07-17",
        "close": 37.23,
        "volume": 77684,
        "typical_volume": 37096.75,
        "trend": 34.630087,
        "fair_value": 32.836948,
        "relative_strength": 5.366673,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 67.837066,
        "energy": 87.059912,
        "activity_lines": [
          37.318359,
          36.532191,
          35.181926,
          34.739249
        ]
      },
      {
        "date": "2026-07-24",
        "close": 36.77,
        "volume": 63977,
        "typical_volume": 38245.45,
        "trend": 34.647087,
        "fair_value": 32.90112,
        "relative_strength": 4.34687,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.888468,
        "energy": 82.381066,
        "activity_lines": [
          37.207687,
          36.720911,
          35.420343,
          34.877308
        ]
      },
      {
        "date": "2026-07-31",
        "close": 37.07,
        "volume": 44962,
        "typical_volume": 37755.65,
        "trend": 34.669754,
        "fair_value": 32.968734,
        "relative_strength": 2.792044,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.150736,
        "energy": 61.057812,
        "activity_lines": [
          37.148,
          36.896639,
          35.672521,
          35.033624
        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.0,
        "volume": 22461,
        "typical_volume": 37232.8,
        "trend": 34.70342,
        "fair_value": 33.03989,
        "relative_strength": 2.06269,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.799744,
        "energy": 64.604705,
        "activity_lines": [
          37.377333,
          37.188115,
          35.989937,
          35.248479
        ]
      }
    ],
    "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."
    }
  }
}