{
  "ticker": {
    "uuid": "5a209105-4464-4a1b-aa29-4fb39bf9b419",
    "symbol": "EX61",
    "name": "ISHARES MDAX UCITS ETF",
    "exchange": "VIE",
    "country": "AT",
    "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": 4.514,
    "direction": "positive",
    "state": "Positive, near its boundary",
    "is_fresh": false,
    "is_near_boundary": true,
    "direction_boundary": 4.4785,
    "boundary_margin": 0.007927,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Moderate",
    "annualized_volatility": 0.218987,
    "volatility_stability": 0.8699,
    "risk_context": 0.4566,
    "current_regime": {
      "move": 0.013471,
      "interruption": 0.0,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 56.855,
    "interpretation": {
      "label": "Positive, near its boundary",
      "headline": "Positive, near its boundary",
      "body": "Price is close enough to the Direction Boundary that a relatively small move could change the primary regime.",
      "age_context": "The current Core Trend remains in its early lifecycle.",
      "boundary_context": "The latest close is 0.8% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is moderate."
    },
    "chart_path": [
      {
        "date": "2026-07-03",
        "close": 4.5925,
        "direction_boundary": 4.2875,
        "core_momentum": 0.071137,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.222406
      },
      {
        "date": "2026-07-10",
        "close": 4.4435,
        "direction_boundary": 4.443,
        "core_momentum": 0.000113,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.220723
      },
      {
        "date": "2026-07-17",
        "close": 4.431,
        "direction_boundary": 4.4075,
        "core_momentum": 0.005332,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.220307
      },
      {
        "date": "2026-07-24",
        "close": 4.436,
        "direction_boundary": 4.463,
        "core_momentum": -0.00605,
        "direction": "negative",
        "trend_agreement": 0.25,
        "volatility": 0.220187
      },
      {
        "date": "2026-07-31",
        "close": 4.454,
        "direction_boundary": 4.3045,
        "core_momentum": 0.034731,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.218893
      },
      {
        "date": "2026-08-07",
        "close": 4.514,
        "direction_boundary": 4.4785,
        "core_momentum": 0.007927,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.218987
      }
    ],
    "price_history": [
      {
        "date": "2025-07-04",
        "close": 4.2875,
        "volume": 0
      },
      {
        "date": "2025-07-11",
        "close": 4.443,
        "volume": 0
      },
      {
        "date": "2025-07-18",
        "close": 4.4075,
        "volume": 0
      },
      {
        "date": "2025-07-25",
        "close": 4.463,
        "volume": 7318
      },
      {
        "date": "2025-08-01",
        "close": 4.3045,
        "volume": 7318
      },
      {
        "date": "2025-08-08",
        "close": 4.4785,
        "volume": 0
      },
      {
        "date": "2025-08-15",
        "close": 4.3895,
        "volume": 0
      },
      {
        "date": "2025-08-22",
        "close": 4.395,
        "volume": 10214
      },
      {
        "date": "2025-08-29",
        "close": 4.287,
        "volume": 0
      },
      {
        "date": "2025-09-05",
        "close": 4.2515,
        "volume": 7318
      },
      {
        "date": "2025-09-12",
        "close": 4.2745,
        "volume": 0
      },
      {
        "date": "2025-09-19",
        "close": 4.2325,
        "volume": 0
      },
      {
        "date": "2025-09-26",
        "close": 4.206,
        "volume": 14636
      },
      {
        "date": "2025-10-03",
        "close": 4.33,
        "volume": 0
      },
      {
        "date": "2025-10-10",
        "close": 4.2435,
        "volume": 0
      },
      {
        "date": "2025-10-17",
        "close": 4.2,
        "volume": 0
      },
      {
        "date": "2025-10-24",
        "close": 4.236,
        "volume": 0
      },
      {
        "date": "2025-10-31",
        "close": 4.1755,
        "volume": 0
      },
      {
        "date": "2025-11-07",
        "close": 4.0335,
        "volume": 0
      },
      {
        "date": "2025-11-14",
        "close": 4.099,
        "volume": 7098
      },
      {
        "date": "2025-11-21",
        "close": 3.951,
        "volume": 14196
      },
      {
        "date": "2025-11-28",
        "close": 4.191,
        "volume": 16638
      },
      {
        "date": "2025-12-05",
        "close": 4.152,
        "volume": 0
      },
      {
        "date": "2025-12-12",
        "close": 4.194,
        "volume": 0
      },
      {
        "date": "2025-12-19",
        "close": 4.2515,
        "volume": 0
      },
      {
        "date": "2025-12-26",
        "close": 4.252,
        "volume": 0
      },
      {
        "date": "2026-01-02",
        "close": 4.3285,
        "volume": 0
      },
      {
        "date": "2026-01-09",
        "close": 4.5045,
        "volume": 7042
      },
      {
        "date": "2026-01-16",
        "close": 4.4585,
        "volume": 0
      },
      {
        "date": "2026-01-23",
        "close": 4.4345,
        "volume": 0
      },
      {
        "date": "2026-01-30",
        "close": 4.3605,
        "volume": 0
      },
      {
        "date": "2026-02-06",
        "close": 4.4155,
        "volume": 0
      },
      {
        "date": "2026-02-13",
        "close": 4.372,
        "volume": 0
      },
      {
        "date": "2026-02-20",
        "close": 4.448,
        "volume": 0
      },
      {
        "date": "2026-02-27",
        "close": 4.419,
        "volume": 0
      },
      {
        "date": "2026-03-06",
        "close": 4.129,
        "volume": 18637
      },
      {
        "date": "2026-03-13",
        "close": 4.0295,
        "volume": 8635
      },
      {
        "date": "2026-03-20",
        "close": 3.8945,
        "volume": 7042
      },
      {
        "date": "2026-03-27",
        "close": 3.8805,
        "volume": 15888
      },
      {
        "date": "2026-04-03",
        "close": 3.99,
        "volume": 0
      },
      {
        "date": "2026-04-10",
        "close": 4.246,
        "volume": 0
      },
      {
        "date": "2026-04-17",
        "close": 4.462,
        "volume": 0
      },
      {
        "date": "2026-04-24",
        "close": 4.2375,
        "volume": 0
      },
      {
        "date": "2026-05-01",
        "close": 4.2535,
        "volume": 0
      },
      {
        "date": "2026-05-08",
        "close": 4.347,
        "volume": 0
      },
      {
        "date": "2026-05-15",
        "close": 4.389,
        "volume": 0
      },
      {
        "date": "2026-05-22",
        "close": 4.477,
        "volume": 0
      },
      {
        "date": "2026-05-29",
        "close": 4.656,
        "volume": 0
      },
      {
        "date": "2026-06-05",
        "close": 4.55,
        "volume": 0
      },
      {
        "date": "2026-06-12",
        "close": 4.469,
        "volume": 9942
      },
      {
        "date": "2026-06-19",
        "close": 4.4425,
        "volume": 0
      },
      {
        "date": "2026-06-26",
        "close": 4.3705,
        "volume": 0
      },
      {
        "date": "2026-07-03",
        "close": 4.5925,
        "volume": 0
      },
      {
        "date": "2026-07-10",
        "close": 4.4435,
        "volume": 0
      },
      {
        "date": "2026-07-17",
        "close": 4.431,
        "volume": 0
      },
      {
        "date": "2026-07-24",
        "close": 4.436,
        "volume": 0
      },
      {
        "date": "2026-07-31",
        "close": 4.454,
        "volume": 0
      },
      {
        "date": "2026-08-07",
        "close": 4.514,
        "volume": 6852
      }
    ],
    "sharemaestro_context": {
      "trend": 4.353417,
      "fair_value": 4.313181,
      "market_activity": 21.42191,
      "market_dynamics": 0.176978,
      "relative_strength": -14.635671
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.030158,
        "directional_follow_through": 0.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.023012,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "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": "2026-07-03",
        "end": "2026-07-17",
        "tenure": "Brief",
        "return": -0.035166
      },
      {
        "direction": "negative",
        "start": "2026-07-24",
        "end": "2026-07-24",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": 0.013471
      }
    ]
  }
}