{
  "ticker": {
    "uuid": "fa86ec2a-92d7-4b6c-9637-a230e59d6c1a",
    "symbol": "UB0F",
    "name": "UBS Core MSCI EMU UCITS ETF hGBP 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": 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.921,
    "architecture_energy": 65.811,
    "architecture_maturity": 67.361,
    "architecture_confidence": 74.6,
    "architecture_tenure": "Established",
    "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": 13.81,
        "rotation_up": 54.97,
        "upward_expansion": 82.24,
        "deceleration": 70.03,
        "rotation_down": 27.38,
        "downward_expansion": 11.24
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 1936.1,
    "trend_reference": 1777.136813,
    "distance_from_trend": 0.089449,
    "trend_direction": "Improving",
    "fair_value": 1475.6168,
    "distance_from_fair_value": 0.312062,
    "fair_value_direction": "Improving",
    "relative_strength": 4.735706,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.113085,
    "excess_performance": 0.061849,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.089449,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044759,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.312062,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.076692,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.047357,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.030843,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.113085,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.057858,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 47963,
      "relative_activity": 3.208367,
      "balance": 2.057858,
      "dry_up": 2.336372,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.02034,
      "annualized_volatility": 0.171565,
      "from_high_reference": -0.000465,
      "from_low_reference": 0.272606
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    "levels": {
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      "fair_value_reference": 1475.6168,
      "structural_low": 1571.800049,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 36,
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        "positive_rate": 0.611111,
        "directional_follow_through": 0.611111,
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        "worst_return": -0.105193,
        "sufficient": true
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        "horizon": "Intermediate",
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      {
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      },
      {
        "date": "2026-07-24",
        "close": 1874.3,
        "volume": 20149,
        "typical_volume": 10823.35,
        "trend": 1763.626965,
        "fair_value": 1466.691406,
        "relative_strength": 3.150591,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 1885.5,
        "volume": 44938,
        "typical_volume": 12626.85,
        "trend": 1770.196851,
        "fair_value": 1470.893495,
        "relative_strength": 2.402803,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 65.627158,
        "energy": 55.531087,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 1936.1,
        "volume": 47963,
        "typical_volume": 14949.35,
        "trend": 1777.136813,
        "fair_value": 1475.6168,
        "relative_strength": 4.735706,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 65.810723,
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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."
    }
  }
}