{
  "ticker": {
    "uuid": "ff86aa5f-63ab-4e28-9594-5d48f939d575",
    "symbol": "V3NM",
    "name": "Vanguard ESG North America All Cap UCITS ETF USD Income",
    "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": 93.721,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.557,
    "architecture_energy": 55.259,
    "architecture_maturity": 87.279,
    "architecture_confidence": 56.519,
    "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": 27.17,
        "rotation_up": 47.68,
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        "deceleration": 71.46,
        "rotation_down": 29.39,
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
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    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.286107,
    "fair_value_direction": "Improving",
    "relative_strength": 2.981812,
    "relative_strength_direction": "Weakening",
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    "excess_performance": 0.102822,
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        "label": "Price vs Trend",
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        "label": "Trend direction",
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        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.286107,
        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.030673,
        "read": "Closing upward"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.029818,
        "read": "Leading"
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      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.008704,
        "read": "Weakening"
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      {
        "label": "Price momentum",
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        "value": 0.154057,
        "read": "Positive"
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        "label": "Volume balance",
        "positive": false,
        "value": 0.810584,
        "read": "Supply-led"
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      "accumulation_observations": 2,
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      "from_low_reference": 0.228913
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      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "fair_value": 4.997134,
        "relative_strength": 6.078844,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.567098,
        "energy": 94.464211,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 40895.75,
        "trend": 5.912265,
        "fair_value": 5.013831,
        "relative_strength": 5.446804,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 71.72182,
        "energy": 89.478406,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 38984.6,
        "trend": 5.928574,
        "fair_value": 5.029928,
        "relative_strength": 3.461393,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.133461,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 35448.05,
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        "fair_value": 5.063198,
        "relative_strength": 3.400926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.819762,
        "energy": 65.045735,
        "activity_lines": [
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          6.075237
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      },
      {
        "date": "2026-07-03",
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        "volume": 12522,
        "typical_volume": 35230.65,
        "trend": 5.988624,
        "fair_value": 5.080006,
        "relative_strength": 2.725455,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 65.997602,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 35928.95,
        "trend": 6.009053,
        "fair_value": 5.096791,
        "relative_strength": 4.664542,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.321866,
        "energy": 66.047211,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 6.3955,
        "volume": 166944,
        "typical_volume": 42964.45,
        "trend": 6.026094,
        "fair_value": 5.112271,
        "relative_strength": 2.06479,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.790018,
        "energy": 60.598101,
        "activity_lines": [
          6.448967,
          6.445421,
          6.301291,
          6.165414
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.3975,
        "volume": 5135,
        "typical_volume": 40632.85,
        "trend": 6.042886,
        "fair_value": 5.1276,
        "relative_strength": 0.805058,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.187333,
        "energy": 54.055913,
        "activity_lines": [
          6.427767,
          6.438124,
          6.327401,
          6.189376
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.3355,
        "volume": 30944,
        "typical_volume": 38071.5,
        "trend": 6.059457,
        "fair_value": 5.142722,
        "relative_strength": -1.353233,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.463736,
        "energy": 41.049047,
        "activity_lines": [
          6.3945,
          6.419235,
          6.344766,
          6.208254
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.6365,
        "volume": 53525,
        "typical_volume": 37422.35,
        "trend": 6.081372,
        "fair_value": 5.160147,
        "relative_strength": 2.981812,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.556704,
        "energy": 55.258744,
        "activity_lines": [
          6.466733,
          6.456274,
          6.38761,
          6.245482
        ]
      }
    ],
    "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."
    }
  }
}