{
  "ticker": {
    "uuid": "f9b47b62-e810-468a-9e4d-673c25894c1d",
    "symbol": "XUFB",
    "name": "Xtrackers MSCI USA Banks UCITS ETF 1D",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 70.755,
    "architecture_energy": 66.191,
    "architecture_maturity": 33.185,
    "architecture_confidence": 82.418,
    "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": 6.07,
        "rotation_up": 72.4,
        "upward_expansion": 90.0,
        "deceleration": 60.2,
        "rotation_down": 17.72,
        "downward_expansion": 12.0
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 3029.5,
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    "distance_from_trend": 0.109968,
    "trend_direction": "Improving",
    "fair_value": 2192.51715,
    "distance_from_fair_value": 0.381745,
    "fair_value_direction": "Improving",
    "relative_strength": 4.09164,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.065229,
    "excess_performance": 0.013994,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.109968,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031607,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.381745,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.129202,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.040916,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.078167,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.065229,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.185956,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "balance": 3.185956,
      "dry_up": 1.320457,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
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      "annualized_volatility": 0.198969,
      "from_high_reference": -0.104279,
      "from_low_reference": 0.281485
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    "levels": {
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      "structural_low": 2413.0,
      "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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        "sufficient": true
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        "horizon": "Intermediate",
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      },
      {
        "date": "2026-04-03",
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        "modifier": "Structural failure",
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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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      },
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 68299.55,
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      },
      {
        "date": "2026-06-05",
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        "volume": 7093,
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        "trend": 2651.717725,
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        "relative_strength": 0.576673,
        "stage": 3,
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      },
      {
        "date": "2026-06-12",
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        "volume": 3942,
        "typical_volume": 58112.2,
        "trend": 2660.333952,
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        "relative_strength": 2.629371,
        "stage": 2,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 41.646669,
        "energy": 56.020265,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 2876.0,
        "volume": 963,
        "typical_volume": 54672.85,
        "trend": 2671.366724,
        "fair_value": 2124.358477,
        "relative_strength": 4.696469,
        "stage": 2,
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        "modifier": "Structural repair",
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      },
      {
        "date": "2026-06-26",
        "close": 2966.0,
        "volume": 3437,
        "typical_volume": 50195.9,
        "trend": 2682.374772,
        "fair_value": 2134.317132,
        "relative_strength": 6.335122,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "energy": 91.808862,
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      },
      {
        "date": "2026-07-03",
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        "volume": 3841,
        "typical_volume": 49083.45,
        "trend": 2691.191325,
        "fair_value": 2144.238903,
        "relative_strength": 4.199265,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 79.113502,
        "energy": 91.93278,
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      },
      {
        "date": "2026-07-10",
        "close": 2967.0,
        "volume": 36918,
        "typical_volume": 48644.9,
        "trend": 2698.533048,
        "fair_value": 2154.213575,
        "relative_strength": 6.32105,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.177594,
        "energy": 90.807306,
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      },
      {
        "date": "2026-07-17",
        "close": 3005.0,
        "volume": 99846,
        "typical_volume": 45046.9,
        "trend": 2706.891463,
        "fair_value": 2163.736792,
        "relative_strength": 6.517788,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.169339,
        "energy": 90.925071,
        "activity_lines": [
          2971.016667,
          2896.690909,
          2787.2,
          2739.022645
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      },
      {
        "date": "2026-07-24",
        "close": 3040.25,
        "volume": 42539,
        "typical_volume": 42569.1,
        "trend": 2715.424967,
        "fair_value": 2173.362976,
        "relative_strength": 6.30972,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.524607,
        "energy": 89.364001,
        "activity_lines": [
          2999.85,
          2937.095455,
          2819.333333,
          2760.529647
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      },
      {
        "date": "2026-07-31",
        "close": 3008.5,
        "volume": 29014,
        "typical_volume": 41871.3,
        "trend": 2723.583407,
        "fair_value": 2182.785634,
        "relative_strength": 3.815888,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.727403,
        "energy": 66.199093,
        "activity_lines": [
          3007.15,
          2963.104545,
          2846.182143,
          2779.437714
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      },
      {
        "date": "2026-08-07",
        "close": 3029.5,
        "volume": 38949,
        "typical_volume": 39824.85,
        "trend": 2729.358797,
        "fair_value": 2192.51715,
        "relative_strength": 4.09164,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.754755,
        "energy": 66.191448,
        "activity_lines": [
          3018.616667,
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          2872.395238,
          2799.174268
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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."
    }
  }
}