{
  "ticker": {
    "uuid": "4cb6715b-1c10-418e-8e5b-6fbbb9f5dc89",
    "symbol": "SP20",
    "name": "iShares S&P 500 Top 20 UCITS ETF USD Acc",
    "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": 5.054,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 4.1865,
    "boundary_margin": 0.207214,
    "trend_agreement": "Fully aligned",
    "persistence": "Established",
    "direction_turnover": "Low",
    "annualized_volatility": 0.189058,
    "volatility_stability": 1.1613,
    "risk_context": 0.5289,
    "current_regime": {
      "move": 0.111624,
      "interruption": -0.121842,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 100.0,
    "interpretation": {
      "label": "Positive across all Trend views",
      "headline": "All measured Trend views are positive",
      "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 20.7% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2025-11-21",
        "close": 4.5465,
        "direction_boundary": 3.9405,
        "core_momentum": 0.153788,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.127969
      },
      {
        "date": "2025-11-28",
        "close": 4.6905,
        "direction_boundary": 3.927,
        "core_momentum": 0.194423,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.129965
      },
      {
        "date": "2025-12-05",
        "close": 4.67075,
        "direction_boundary": 4.04325,
        "core_momentum": 0.155197,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.131058
      },
      {
        "date": "2025-12-12",
        "close": 4.5745,
        "direction_boundary": 4.11375,
        "core_momentum": 0.112002,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.136616
      },
      {
        "date": "2025-12-19",
        "close": 4.5855,
        "direction_boundary": 4.12875,
        "core_momentum": 0.110627,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.136544
      },
      {
        "date": "2025-12-26",
        "close": 4.61,
        "direction_boundary": 4.14175,
        "core_momentum": 0.113056,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.134171
      },
      {
        "date": "2026-01-02",
        "close": 4.555,
        "direction_boundary": 4.151,
        "core_momentum": 0.097326,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.136339
      },
      {
        "date": "2026-01-09",
        "close": 4.606,
        "direction_boundary": 4.13425,
        "core_momentum": 0.114108,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.135549
      },
      {
        "date": "2026-01-16",
        "close": 4.5695,
        "direction_boundary": 4.23475,
        "core_momentum": 0.079048,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.136152
      },
      {
        "date": "2026-01-23",
        "close": 4.4905,
        "direction_boundary": 4.21725,
        "core_momentum": 0.064793,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.137805
      },
      {
        "date": "2026-01-30",
        "close": 4.4695,
        "direction_boundary": 4.213,
        "core_momentum": 0.060883,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.138095
      },
      {
        "date": "2026-02-06",
        "close": 4.408,
        "direction_boundary": 4.1525,
        "core_momentum": 0.061529,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.138131
      },
      {
        "date": "2026-02-13",
        "close": 4.3085,
        "direction_boundary": 4.1655,
        "core_momentum": 0.03433,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.142349
      },
      {
        "date": "2026-02-20",
        "close": 4.394,
        "direction_boundary": 4.10625,
        "core_momentum": 0.070076,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.144359
      },
      {
        "date": "2026-02-27",
        "close": 4.377,
        "direction_boundary": 3.9025,
        "core_momentum": 0.121589,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.14455
      },
      {
        "date": "2026-03-06",
        "close": 4.43225,
        "direction_boundary": 3.65325,
        "core_momentum": 0.213235,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.144834
      },
      {
        "date": "2026-03-13",
        "close": 4.38,
        "direction_boundary": 3.59975,
        "core_momentum": 0.216751,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.143571
      },
      {
        "date": "2026-03-20",
        "close": 4.26025,
        "direction_boundary": 3.60975,
        "core_momentum": 0.180206,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.145991
      },
      {
        "date": "2026-03-27",
        "close": 4.119,
        "direction_boundary": 3.54675,
        "core_momentum": 0.161345,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.15276
      },
      {
        "date": "2026-04-03",
        "close": 4.273,
        "direction_boundary": 3.27125,
        "core_momentum": 0.306229,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.160637
      },
      {
        "date": "2026-04-10",
        "close": 4.418,
        "direction_boundary": 3.3735,
        "core_momentum": 0.309619,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.167571
      },
      {
        "date": "2026-04-17",
        "close": 4.6495,
        "direction_boundary": 3.26625,
        "core_momentum": 0.423498,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.181582
      },
      {
        "date": "2026-04-24",
        "close": 4.682,
        "direction_boundary": 3.428,
        "core_momentum": 0.365811,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.179234
      },
      {
        "date": "2026-05-01",
        "close": 4.7405,
        "direction_boundary": 3.56175,
        "core_momentum": 0.330947,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.163543
      },
      {
        "date": "2026-05-08",
        "close": 4.877,
        "direction_boundary": 3.54,
        "core_momentum": 0.377684,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.15671
      },
      {
        "date": "2026-05-15",
        "close": 5.079,
        "direction_boundary": 3.7555,
        "core_momentum": 0.352416,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.1637
      },
      {
        "date": "2026-05-22",
        "close": 5.005,
        "direction_boundary": 3.61925,
        "core_momentum": 0.382883,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.161359
      },
      {
        "date": "2026-05-29",
        "close": 5.053,
        "direction_boundary": 3.7085,
        "core_momentum": 0.362546,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.15671
      },
      {
        "date": "2026-06-05",
        "close": 4.9605,
        "direction_boundary": 3.75925,
        "core_momentum": 0.319545,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.159225
      },
      {
        "date": "2026-06-12",
        "close": 4.7985,
        "direction_boundary": 3.7545,
        "core_momentum": 0.278066,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.163687
      },
      {
        "date": "2026-06-19",
        "close": 4.919,
        "direction_boundary": 3.76025,
        "core_momentum": 0.308158,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.16676
      },
      {
        "date": "2026-06-26",
        "close": 4.737,
        "direction_boundary": 3.8565,
        "core_momentum": 0.228316,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.175832
      },
      {
        "date": "2026-07-03",
        "close": 4.8185,
        "direction_boundary": 3.90725,
        "core_momentum": 0.23322,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.176138
      },
      {
        "date": "2026-07-10",
        "close": 4.89,
        "direction_boundary": 3.976,
        "core_momentum": 0.229879,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.176574
      },
      {
        "date": "2026-07-17",
        "close": 4.8225,
        "direction_boundary": 4.03525,
        "core_momentum": 0.195093,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.177455
      },
      {
        "date": "2026-07-24",
        "close": 4.8135,
        "direction_boundary": 4.1145,
        "core_momentum": 0.169887,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.175331
      },
      {
        "date": "2026-07-31",
        "close": 4.7765,
        "direction_boundary": 4.108,
        "core_momentum": 0.162731,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.175636
      },
      {
        "date": "2026-08-07",
        "close": 5.054,
        "direction_boundary": 4.1865,
        "core_momentum": 0.207214,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.189058
      }
    ],
    "price_history": [
      {
        "date": "2024-11-22",
        "close": 3.9405,
        "volume": 114076
      },
      {
        "date": "2024-11-29",
        "close": 3.927,
        "volume": 138241
      },
      {
        "date": "2024-12-06",
        "close": 4.04325,
        "volume": 173662
      },
      {
        "date": "2024-12-13",
        "close": 4.11375,
        "volume": 515246
      },
      {
        "date": "2024-12-20",
        "close": 4.12875,
        "volume": 1950271
      },
      {
        "date": "2024-12-27",
        "close": 4.14175,
        "volume": 475211
      },
      {
        "date": "2025-01-03",
        "close": 4.151,
        "volume": 255419
      },
      {
        "date": "2025-01-10",
        "close": 4.13425,
        "volume": 602210
      },
      {
        "date": "2025-01-17",
        "close": 4.23475,
        "volume": 540357
      },
      {
        "date": "2025-01-24",
        "close": 4.21725,
        "volume": 408296
      },
      {
        "date": "2025-01-31",
        "close": 4.213,
        "volume": 334502
      },
      {
        "date": "2025-02-07",
        "close": 4.1525,
        "volume": 474277
      },
      {
        "date": "2025-02-14",
        "close": 4.1655,
        "volume": 136972
      },
      {
        "date": "2025-02-21",
        "close": 4.10625,
        "volume": 184649
      },
      {
        "date": "2025-02-28",
        "close": 3.9025,
        "volume": 820467
      },
      {
        "date": "2025-03-07",
        "close": 3.65325,
        "volume": 672129
      },
      {
        "date": "2025-03-14",
        "close": 3.59975,
        "volume": 431909
      },
      {
        "date": "2025-03-21",
        "close": 3.60975,
        "volume": 210469
      },
      {
        "date": "2025-03-28",
        "close": 3.54675,
        "volume": 432725
      },
      {
        "date": "2025-04-04",
        "close": 3.27125,
        "volume": 432114
      },
      {
        "date": "2025-04-11",
        "close": 3.3735,
        "volume": 675382
      },
      {
        "date": "2025-04-18",
        "close": 3.26625,
        "volume": 218322
      },
      {
        "date": "2025-04-25",
        "close": 3.428,
        "volume": 455365
      },
      {
        "date": "2025-05-02",
        "close": 3.56175,
        "volume": 225920
      },
      {
        "date": "2025-05-09",
        "close": 3.54,
        "volume": 249407
      },
      {
        "date": "2025-05-16",
        "close": 3.7555,
        "volume": 424682
      },
      {
        "date": "2025-05-23",
        "close": 3.61925,
        "volume": 328668
      },
      {
        "date": "2025-05-30",
        "close": 3.7085,
        "volume": 309587
      },
      {
        "date": "2025-06-06",
        "close": 3.75925,
        "volume": 359752
      },
      {
        "date": "2025-06-13",
        "close": 3.7545,
        "volume": 454712
      },
      {
        "date": "2025-06-20",
        "close": 3.76025,
        "volume": 298620
      },
      {
        "date": "2025-06-27",
        "close": 3.8565,
        "volume": 330428
      },
      {
        "date": "2025-07-04",
        "close": 3.90725,
        "volume": 312188
      },
      {
        "date": "2025-07-11",
        "close": 3.976,
        "volume": 268941
      },
      {
        "date": "2025-07-18",
        "close": 4.03525,
        "volume": 373491
      },
      {
        "date": "2025-07-25",
        "close": 4.1145,
        "volume": 376140
      },
      {
        "date": "2025-08-01",
        "close": 4.108,
        "volume": 766175
      },
      {
        "date": "2025-08-08",
        "close": 4.1865,
        "volume": 388480
      },
      {
        "date": "2025-08-15",
        "close": 4.19575,
        "volume": 675478
      },
      {
        "date": "2025-08-22",
        "close": 4.175,
        "volume": 882470
      },
      {
        "date": "2025-08-29",
        "close": 4.19175,
        "volume": 204785
      },
      {
        "date": "2025-09-05",
        "close": 4.23575,
        "volume": 182314
      },
      {
        "date": "2025-09-12",
        "close": 4.32075,
        "volume": 167277
      },
      {
        "date": "2025-09-19",
        "close": 4.406,
        "volume": 330970
      },
      {
        "date": "2025-09-26",
        "close": 4.39975,
        "volume": 264296
      },
      {
        "date": "2025-10-03",
        "close": 4.4635,
        "volume": 340001
      },
      {
        "date": "2025-10-10",
        "close": 4.4325,
        "volume": 538029
      },
      {
        "date": "2025-10-17",
        "close": 4.402,
        "volume": 441277
      },
      {
        "date": "2025-10-24",
        "close": 4.5045,
        "volume": 262289
      },
      {
        "date": "2025-10-31",
        "close": 4.75375,
        "volume": 591726
      },
      {
        "date": "2025-11-07",
        "close": 4.56025,
        "volume": 473506
      },
      {
        "date": "2025-11-14",
        "close": 4.653,
        "volume": 423312
      },
      {
        "date": "2025-11-21",
        "close": 4.5465,
        "volume": 496876
      },
      {
        "date": "2025-11-28",
        "close": 4.6905,
        "volume": 532566
      },
      {
        "date": "2025-12-05",
        "close": 4.67075,
        "volume": 216326
      },
      {
        "date": "2025-12-12",
        "close": 4.5745,
        "volume": 351639
      },
      {
        "date": "2025-12-19",
        "close": 4.5855,
        "volume": 394534
      },
      {
        "date": "2025-12-26",
        "close": 4.61,
        "volume": 248076
      },
      {
        "date": "2026-01-02",
        "close": 4.555,
        "volume": 215752
      },
      {
        "date": "2026-01-09",
        "close": 4.606,
        "volume": 432826
      },
      {
        "date": "2026-01-16",
        "close": 4.5695,
        "volume": 777288
      },
      {
        "date": "2026-01-23",
        "close": 4.4905,
        "volume": 360580
      },
      {
        "date": "2026-01-30",
        "close": 4.4695,
        "volume": 327648
      },
      {
        "date": "2026-02-06",
        "close": 4.408,
        "volume": 315740
      },
      {
        "date": "2026-02-13",
        "close": 4.3085,
        "volume": 248145
      },
      {
        "date": "2026-02-20",
        "close": 4.394,
        "volume": 282846
      },
      {
        "date": "2026-02-27",
        "close": 4.377,
        "volume": 230160
      },
      {
        "date": "2026-03-06",
        "close": 4.43225,
        "volume": 273534
      },
      {
        "date": "2026-03-13",
        "close": 4.38,
        "volume": 317939
      },
      {
        "date": "2026-03-20",
        "close": 4.26025,
        "volume": 265979
      },
      {
        "date": "2026-03-27",
        "close": 4.119,
        "volume": 343034
      },
      {
        "date": "2026-04-03",
        "close": 4.273,
        "volume": 364415
      },
      {
        "date": "2026-04-10",
        "close": 4.418,
        "volume": 372714
      },
      {
        "date": "2026-04-17",
        "close": 4.6495,
        "volume": 623437
      },
      {
        "date": "2026-04-24",
        "close": 4.682,
        "volume": 2704095
      },
      {
        "date": "2026-05-01",
        "close": 4.7405,
        "volume": 1028585
      },
      {
        "date": "2026-05-08",
        "close": 4.877,
        "volume": 365327
      },
      {
        "date": "2026-05-15",
        "close": 5.079,
        "volume": 816504
      },
      {
        "date": "2026-05-22",
        "close": 5.005,
        "volume": 1220492
      },
      {
        "date": "2026-05-29",
        "close": 5.053,
        "volume": 432732
      },
      {
        "date": "2026-06-05",
        "close": 4.9605,
        "volume": 67695
      },
      {
        "date": "2026-06-12",
        "close": 4.7985,
        "volume": 88935
      },
      {
        "date": "2026-06-19",
        "close": 4.919,
        "volume": 133660
      },
      {
        "date": "2026-06-26",
        "close": 4.737,
        "volume": 44641
      },
      {
        "date": "2026-07-03",
        "close": 4.8185,
        "volume": 30116
      },
      {
        "date": "2026-07-10",
        "close": 4.89,
        "volume": 552882
      },
      {
        "date": "2026-07-17",
        "close": 4.8225,
        "volume": 383122
      },
      {
        "date": "2026-07-24",
        "close": 4.8135,
        "volume": 575012
      },
      {
        "date": "2026-07-31",
        "close": 4.7765,
        "volume": 653337
      },
      {
        "date": "2026-08-07",
        "close": 5.054,
        "volume": 566274
      }
    ],
    "sharemaestro_context": {
      "trend": 4.652517,
      "fair_value": 4.278578,
      "market_activity": 15.128569,
      "market_dynamics": -0.188967,
      "relative_strength": 1.769406
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": 0.008578,
        "directional_follow_through": 0.5714,
        "regime_survival": 1.0,
        "conditional_difference": 0.014681,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.001833,
        "directional_follow_through": 0.5,
        "regime_survival": 1.0,
        "conditional_difference": -0.035375,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": 0.100847,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.035485,
        "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": "2025-11-21",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.111624
      }
    ]
  }
}