{
  "ticker": {
    "uuid": "2f654bc6-b270-4d38-8e3c-7743c74f1576",
    "symbol": "MSFI",
    "name": "IncomeShares Microsoft (MSFT) Options ETP",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 554.25,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 815.186462,
    "boundary_margin": -0.320094,
    "trend_agreement": "Fully aligned",
    "persistence": "Established",
    "direction_turnover": "High",
    "annualized_volatility": 0.335659,
    "volatility_stability": 0.799,
    "risk_context": 0.2979,
    "current_regime": {
      "move": -0.256801,
      "interruption": 0.175568,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 91.109,
    "interpretation": {
      "label": "Negative across all Trend views",
      "headline": "All measured Trend views are negative",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend is established.",
      "boundary_context": "The latest close is 32.0% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is high."
    },
    "chart_path": [
      {
        "date": "2025-10-17",
        "close": 801.820679,
        "direction_boundary": 747.759644,
        "core_momentum": 0.072297,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.131112
      },
      {
        "date": "2025-10-24",
        "close": 1104.015747,
        "direction_boundary": 773.975037,
        "core_momentum": 0.426423,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.450381
      },
      {
        "date": "2025-10-31",
        "close": 843.167114,
        "direction_boundary": 740.361511,
        "core_momentum": 0.138859,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.600704
      },
      {
        "date": "2025-11-07",
        "close": 783.208618,
        "direction_boundary": 760.712097,
        "core_momentum": 0.029573,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.611176
      },
      {
        "date": "2025-11-14",
        "close": 805.692993,
        "direction_boundary": 765.706177,
        "core_momentum": 0.052222,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.610847
      },
      {
        "date": "2025-11-21",
        "close": 758.600586,
        "direction_boundary": 767.828613,
        "core_momentum": -0.012018,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.616904
      },
      {
        "date": "2025-11-28",
        "close": 780.33551,
        "direction_boundary": 774.695313,
        "core_momentum": 0.007281,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.61745
      },
      {
        "date": "2025-12-05",
        "close": 745.762512,
        "direction_boundary": 801.538025,
        "core_momentum": -0.069586,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.620557
      },
      {
        "date": "2025-12-12",
        "close": 744.263245,
        "direction_boundary": 816.145508,
        "core_momentum": -0.088075,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.620475
      },
      {
        "date": "2025-12-19",
        "close": 756.132507,
        "direction_boundary": 806.032715,
        "core_momentum": -0.061908,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.620433
      },
      {
        "date": "2025-12-26",
        "close": 752.759094,
        "direction_boundary": 787.18042,
        "core_momentum": -0.043727,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.620434
      },
      {
        "date": "2026-01-02",
        "close": 724.260864,
        "direction_boundary": 776.511047,
        "core_momentum": -0.067288,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.62184
      },
      {
        "date": "2026-01-09",
        "close": 733.257935,
        "direction_boundary": 783.253601,
        "core_momentum": -0.063831,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.622073
      },
      {
        "date": "2026-01-16",
        "close": 709.890625,
        "direction_boundary": 807.101868,
        "core_momentum": -0.120445,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.622502
      },
      {
        "date": "2026-01-23",
        "close": 705.642029,
        "direction_boundary": 818.214661,
        "core_momentum": -0.137583,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.622265
      },
      {
        "date": "2026-01-30",
        "close": 658.907471,
        "direction_boundary": 769.643677,
        "core_momentum": -0.14388,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.625855
      },
      {
        "date": "2026-02-06",
        "close": 594.67865,
        "direction_boundary": 759.941101,
        "core_momentum": -0.217467,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.639167
      },
      {
        "date": "2026-02-13",
        "close": 590.555054,
        "direction_boundary": 740.711548,
        "core_momentum": -0.202719,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.639116
      },
      {
        "date": "2026-02-20",
        "close": 598.17749,
        "direction_boundary": 751.699829,
        "core_momentum": -0.204234,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.639831
      },
      {
        "date": "2026-02-27",
        "close": 596.802979,
        "direction_boundary": 712.491516,
        "core_momentum": -0.162372,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.639671
      },
      {
        "date": "2026-03-06",
        "close": 604.675354,
        "direction_boundary": 687.061707,
        "core_momentum": -0.119911,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.640189
      },
      {
        "date": "2026-03-13",
        "close": 595.803284,
        "direction_boundary": 685.063599,
        "core_momentum": -0.130295,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.638162
      },
      {
        "date": "2026-03-20",
        "close": 575.559998,
        "direction_boundary": 684.564148,
        "core_momentum": -0.159231,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.638205
      },
      {
        "date": "2026-03-27",
        "close": 541.821106,
        "direction_boundary": 674.57428,
        "core_momentum": -0.196795,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.640941
      },
      {
        "date": "2026-04-03",
        "close": 548.747375,
        "direction_boundary": 649.00531,
        "core_momentum": -0.154479,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.641931
      },
      {
        "date": "2026-04-10",
        "close": 548.443909,
        "direction_boundary": 670.859497,
        "core_momentum": -0.182476,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.641454
      },
      {
        "date": "2026-04-17",
        "close": 598.463196,
        "direction_boundary": 638.390503,
        "core_momentum": -0.062544,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.656993
      },
      {
        "date": "2026-04-24",
        "close": 587.345825,
        "direction_boundary": 663.491577,
        "core_momentum": -0.114765,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.451345
      },
      {
        "date": "2026-05-01",
        "close": 576.129822,
        "direction_boundary": 695.324097,
        "core_momentum": -0.171423,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.280408
      },
      {
        "date": "2026-05-08",
        "close": 560.207031,
        "direction_boundary": 698.946228,
        "core_momentum": -0.198498,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.268021
      },
      {
        "date": "2026-05-15",
        "close": 577.444153,
        "direction_boundary": 721.80304,
        "core_momentum": -0.199998,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.26865
      },
      {
        "date": "2026-05-22",
        "close": 577.319275,
        "direction_boundary": 711.31134,
        "core_momentum": -0.188373,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.260224
      },
      {
        "date": "2026-05-29",
        "close": 604.923706,
        "direction_boundary": 726.049805,
        "core_momentum": -0.166829,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 0.266895
      },
      {
        "date": "2026-06-05",
        "close": 529.988,
        "direction_boundary": 739.311035,
        "core_momentum": -0.283133,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.313238
      },
      {
        "date": "2026-06-12",
        "close": 489.2567,
        "direction_boundary": 744.931641,
        "core_momentum": -0.343219,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.326092
      },
      {
        "date": "2026-06-19",
        "close": 486.9738,
        "direction_boundary": 757.422119,
        "core_momentum": -0.357064,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.323301
      },
      {
        "date": "2026-06-26",
        "close": 471.4742,
        "direction_boundary": 760.419922,
        "core_momentum": -0.379982,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.323465
      },
      {
        "date": "2026-07-03",
        "close": 486.2,
        "direction_boundary": 776.425232,
        "core_momentum": -0.373797,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.328884
      },
      {
        "date": "2026-07-10",
        "close": 481.5,
        "direction_boundary": 781.296631,
        "core_momentum": -0.383717,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.326586
      },
      {
        "date": "2026-07-17",
        "close": 489.2,
        "direction_boundary": 797.409729,
        "core_momentum": -0.386514,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.328644
      },
      {
        "date": "2026-07-24",
        "close": 482.7,
        "direction_boundary": 803.405273,
        "core_momentum": -0.399182,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.32843
      },
      {
        "date": "2026-07-31",
        "close": 536.625,
        "direction_boundary": 829.926208,
        "core_momentum": -0.353406,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.358825
      },
      {
        "date": "2026-08-07",
        "close": 554.25,
        "direction_boundary": 815.186462,
        "core_momentum": -0.320094,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.335659
      }
    ],
    "price_history": [
      {
        "date": "2024-10-18",
        "close": 747.759644,
        "volume": 242
      },
      {
        "date": "2024-10-25",
        "close": 773.975037,
        "volume": 246
      },
      {
        "date": "2024-11-01",
        "close": 740.361511,
        "volume": 474
      },
      {
        "date": "2024-11-08",
        "close": 760.712097,
        "volume": 756
      },
      {
        "date": "2024-11-15",
        "close": 765.706177,
        "volume": 659
      },
      {
        "date": "2024-11-22",
        "close": 767.828613,
        "volume": 313
      },
      {
        "date": "2024-11-29",
        "close": 774.695313,
        "volume": 719
      },
      {
        "date": "2024-12-06",
        "close": 801.538025,
        "volume": 240
      },
      {
        "date": "2024-12-13",
        "close": 816.145508,
        "volume": 375
      },
      {
        "date": "2024-12-20",
        "close": 806.032715,
        "volume": 769
      },
      {
        "date": "2024-12-27",
        "close": 787.18042,
        "volume": 953
      },
      {
        "date": "2025-01-03",
        "close": 776.511047,
        "volume": 1027
      },
      {
        "date": "2025-01-10",
        "close": 783.253601,
        "volume": 1073
      },
      {
        "date": "2025-01-17",
        "close": 807.101868,
        "volume": 3677
      },
      {
        "date": "2025-01-24",
        "close": 818.214661,
        "volume": 3273
      },
      {
        "date": "2025-01-31",
        "close": 769.643677,
        "volume": 5220
      },
      {
        "date": "2025-02-07",
        "close": 759.941101,
        "volume": 2702
      },
      {
        "date": "2025-02-14",
        "close": 740.711548,
        "volume": 2207
      },
      {
        "date": "2025-02-21",
        "close": 751.699829,
        "volume": 2031
      },
      {
        "date": "2025-02-28",
        "close": 712.491516,
        "volume": 2112
      },
      {
        "date": "2025-03-07",
        "close": 687.061707,
        "volume": 2870
      },
      {
        "date": "2025-03-14",
        "close": 685.063599,
        "volume": 1235
      },
      {
        "date": "2025-03-21",
        "close": 684.564148,
        "volume": 3682
      },
      {
        "date": "2025-03-28",
        "close": 674.57428,
        "volume": 899
      },
      {
        "date": "2025-04-04",
        "close": 649.00531,
        "volume": 1550
      },
      {
        "date": "2025-04-11",
        "close": 670.859497,
        "volume": 2178
      },
      {
        "date": "2025-04-18",
        "close": 638.390503,
        "volume": 1193
      },
      {
        "date": "2025-04-25",
        "close": 663.491577,
        "volume": 1430
      },
      {
        "date": "2025-05-02",
        "close": 695.324097,
        "volume": 1658
      },
      {
        "date": "2025-05-09",
        "close": 698.946228,
        "volume": 425
      },
      {
        "date": "2025-05-16",
        "close": 721.80304,
        "volume": 963
      },
      {
        "date": "2025-05-23",
        "close": 711.31134,
        "volume": 606
      },
      {
        "date": "2025-05-30",
        "close": 726.049805,
        "volume": 1225
      },
      {
        "date": "2025-06-06",
        "close": 739.311035,
        "volume": 3505
      },
      {
        "date": "2025-06-13",
        "close": 744.931641,
        "volume": 1451
      },
      {
        "date": "2025-06-20",
        "close": 757.422119,
        "volume": 731
      },
      {
        "date": "2025-06-27",
        "close": 760.419922,
        "volume": 2633
      },
      {
        "date": "2025-07-04",
        "close": 776.425232,
        "volume": 687
      },
      {
        "date": "2025-07-11",
        "close": 781.296631,
        "volume": 1465
      },
      {
        "date": "2025-07-18",
        "close": 797.409729,
        "volume": 926
      },
      {
        "date": "2025-07-25",
        "close": 803.405273,
        "volume": 925
      },
      {
        "date": "2025-08-01",
        "close": 829.926208,
        "volume": 939
      },
      {
        "date": "2025-08-08",
        "close": 815.186462,
        "volume": 378
      },
      {
        "date": "2025-08-15",
        "close": 811.563904,
        "volume": 1170
      },
      {
        "date": "2025-08-22",
        "close": 792.951843,
        "volume": 554
      },
      {
        "date": "2025-08-29",
        "close": 794.8255,
        "volume": 478
      },
      {
        "date": "2025-09-05",
        "close": 775.21405,
        "volume": 978
      },
      {
        "date": "2025-09-12",
        "close": 795.575012,
        "volume": 1033
      },
      {
        "date": "2025-09-19",
        "close": 803.569458,
        "volume": 276
      },
      {
        "date": "2025-09-26",
        "close": 808.191284,
        "volume": 1747
      },
      {
        "date": "2025-10-03",
        "close": 805.443176,
        "volume": 2161
      },
      {
        "date": "2025-10-10",
        "close": 811.688904,
        "volume": 942
      },
      {
        "date": "2025-10-17",
        "close": 801.820679,
        "volume": 2243
      },
      {
        "date": "2025-10-24",
        "close": 1104.015747,
        "volume": 1516
      },
      {
        "date": "2025-10-31",
        "close": 843.167114,
        "volume": 718
      },
      {
        "date": "2025-11-07",
        "close": 783.208618,
        "volume": 5474
      },
      {
        "date": "2025-11-14",
        "close": 805.692993,
        "volume": 1479
      },
      {
        "date": "2025-11-21",
        "close": 758.600586,
        "volume": 2409
      },
      {
        "date": "2025-11-28",
        "close": 780.33551,
        "volume": 1792
      },
      {
        "date": "2025-12-05",
        "close": 745.762512,
        "volume": 279
      },
      {
        "date": "2025-12-12",
        "close": 744.263245,
        "volume": 758
      },
      {
        "date": "2025-12-19",
        "close": 756.132507,
        "volume": 1027
      },
      {
        "date": "2025-12-26",
        "close": 752.759094,
        "volume": 342
      },
      {
        "date": "2026-01-02",
        "close": 724.260864,
        "volume": 2261
      },
      {
        "date": "2026-01-09",
        "close": 733.257935,
        "volume": 5782
      },
      {
        "date": "2026-01-16",
        "close": 709.890625,
        "volume": 12835
      },
      {
        "date": "2026-01-23",
        "close": 705.642029,
        "volume": 1504
      },
      {
        "date": "2026-01-30",
        "close": 658.907471,
        "volume": 4537
      },
      {
        "date": "2026-02-06",
        "close": 594.67865,
        "volume": 2050
      },
      {
        "date": "2026-02-13",
        "close": 590.555054,
        "volume": 10250
      },
      {
        "date": "2026-02-20",
        "close": 598.17749,
        "volume": 13980
      },
      {
        "date": "2026-02-27",
        "close": 596.802979,
        "volume": 12725
      },
      {
        "date": "2026-03-06",
        "close": 604.675354,
        "volume": 16555
      },
      {
        "date": "2026-03-13",
        "close": 595.803284,
        "volume": 5179
      },
      {
        "date": "2026-03-20",
        "close": 575.559998,
        "volume": 1450
      },
      {
        "date": "2026-03-27",
        "close": 541.821106,
        "volume": 13817
      },
      {
        "date": "2026-04-03",
        "close": 548.747375,
        "volume": 535
      },
      {
        "date": "2026-04-10",
        "close": 548.443909,
        "volume": 14182
      },
      {
        "date": "2026-04-17",
        "close": 598.463196,
        "volume": 12714
      },
      {
        "date": "2026-04-24",
        "close": 587.345825,
        "volume": 7717
      },
      {
        "date": "2026-05-01",
        "close": 576.129822,
        "volume": 9702
      },
      {
        "date": "2026-05-08",
        "close": 560.207031,
        "volume": 11825
      },
      {
        "date": "2026-05-15",
        "close": 577.444153,
        "volume": 8330
      },
      {
        "date": "2026-05-22",
        "close": 577.319275,
        "volume": 9720
      },
      {
        "date": "2026-05-29",
        "close": 604.923706,
        "volume": 7081
      },
      {
        "date": "2026-06-05",
        "close": 529.988,
        "volume": 552
      },
      {
        "date": "2026-06-12",
        "close": 489.2567,
        "volume": 2132
      },
      {
        "date": "2026-06-19",
        "close": 486.9738,
        "volume": 1177
      },
      {
        "date": "2026-06-26",
        "close": 471.4742,
        "volume": 400
      },
      {
        "date": "2026-07-03",
        "close": 486.2,
        "volume": 0
      },
      {
        "date": "2026-07-10",
        "close": 481.5,
        "volume": 5717
      },
      {
        "date": "2026-07-17",
        "close": 489.2,
        "volume": 1142
      },
      {
        "date": "2026-07-24",
        "close": 482.7,
        "volume": 1520
      },
      {
        "date": "2026-07-31",
        "close": 536.625,
        "volume": 3643
      },
      {
        "date": "2026-08-07",
        "close": 554.25,
        "volume": 5635
      }
    ],
    "sharemaestro_context": {
      "trend": 565.323534,
      "fair_value": 701.744104,
      "market_activity": -60.679356,
      "market_dynamics": -0.11158,
      "relative_strength": -23.701539
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.054599,
        "directional_follow_through": 0.6667,
        "regime_survival": 1.0,
        "conditional_difference": -0.016788,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.097099,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.075806,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": -0.185584,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.125296,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "positive",
        "start": "2025-10-17",
        "end": "2025-11-14",
        "tenure": "Developing",
        "return": 0.004829
      },
      {
        "direction": "negative",
        "start": "2025-11-21",
        "end": "2025-11-21",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2025-11-28",
        "end": "2025-11-28",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "negative",
        "start": "2025-12-05",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": -0.256801
      }
    ]
  }
}