{
  "ticker": {
    "uuid": "607a0f0d-626f-47f2-ae5a-afa7f730728b",
    "symbol": "EDEF",
    "name": "Global X Europe Focused Defence",
    "exchange": "MIL",
    "country": "IT",
    "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": 15.82,
    "direction": "positive",
    "state": "Fresh positive regime",
    "is_fresh": true,
    "is_near_boundary": false,
    "direction_boundary": 15.392,
    "boundary_margin": 0.027807,
    "trend_agreement": "Narrow",
    "persistence": "Fresh",
    "direction_turnover": "High",
    "annualized_volatility": 0.381271,
    "volatility_stability": 1.0225,
    "risk_context": 0.2623,
    "current_regime": {
      "move": 0.0,
      "interruption": 0.0,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 25.073,
    "interpretation": {
      "label": "Fresh positive regime",
      "headline": "The Core Trend has just turned positive",
      "body": "This is a new regime change, not a forecast. The faster and slower Trend views show whether the move is becoming broadly established.",
      "age_context": "The current Core Trend is newly established.",
      "boundary_context": "The latest close is 2.8% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is high."
    },
    "chart_path": [
      {
        "date": "2026-06-05",
        "close": 16.188,
        "direction_boundary": 16.662001,
        "core_momentum": -0.028448,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 0.474033
      },
      {
        "date": "2026-06-12",
        "close": 15.856,
        "direction_boundary": 15.532,
        "core_momentum": 0.02086,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.47323
      },
      {
        "date": "2026-06-19",
        "close": 15.612,
        "direction_boundary": 15.806,
        "core_momentum": -0.012274,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.473075
      },
      {
        "date": "2026-06-26",
        "close": 14.704,
        "direction_boundary": 16.639999,
        "core_momentum": -0.116346,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.478283
      },
      {
        "date": "2026-07-03",
        "close": 15.514,
        "direction_boundary": 15.91,
        "core_momentum": -0.02489,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.484775
      },
      {
        "date": "2026-07-10",
        "close": 15.536,
        "direction_boundary": 16.112,
        "core_momentum": -0.03575,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.386961
      },
      {
        "date": "2026-07-17",
        "close": 15.91,
        "direction_boundary": 16.112,
        "core_momentum": -0.012537,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.387407
      },
      {
        "date": "2026-07-24",
        "close": 15.864,
        "direction_boundary": 16.18,
        "core_momentum": -0.01953,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.387204
      },
      {
        "date": "2026-07-31",
        "close": 15.82,
        "direction_boundary": 15.834,
        "core_momentum": -0.000884,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.385482
      },
      {
        "date": "2026-08-07",
        "close": 15.82,
        "direction_boundary": 15.392,
        "core_momentum": 0.027807,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.381271
      }
    ],
    "price_history": [
      {
        "date": "2025-06-06",
        "close": 16.662001,
        "volume": 132
      },
      {
        "date": "2025-06-13",
        "close": 15.532,
        "volume": 654
      },
      {
        "date": "2025-06-20",
        "close": 15.806,
        "volume": 1490
      },
      {
        "date": "2025-06-27",
        "close": 16.639999,
        "volume": 8
      },
      {
        "date": "2025-07-04",
        "close": 15.91,
        "volume": 758
      },
      {
        "date": "2025-07-11",
        "close": 16.112,
        "volume": 2940
      },
      {
        "date": "2025-07-18",
        "close": 16.112,
        "volume": 0
      },
      {
        "date": "2025-07-25",
        "close": 16.18,
        "volume": 877
      },
      {
        "date": "2025-08-01",
        "close": 15.834,
        "volume": 830
      },
      {
        "date": "2025-08-08",
        "close": 15.392,
        "volume": 4140
      },
      {
        "date": "2025-08-15",
        "close": 15.214,
        "volume": 3
      },
      {
        "date": "2025-08-22",
        "close": 15.214,
        "volume": 0
      },
      {
        "date": "2025-08-29",
        "close": 15.774,
        "volume": 23
      },
      {
        "date": "2025-09-05",
        "close": 16.038,
        "volume": 312
      },
      {
        "date": "2025-09-12",
        "close": 16.112,
        "volume": 16
      },
      {
        "date": "2025-09-19",
        "close": 17.028,
        "volume": 303
      },
      {
        "date": "2025-09-26",
        "close": 17.798,
        "volume": 877
      },
      {
        "date": "2025-10-03",
        "close": 18.766001,
        "volume": 7855
      },
      {
        "date": "2025-10-10",
        "close": 18.243999,
        "volume": 2398
      },
      {
        "date": "2025-10-17",
        "close": 16.486,
        "volume": 1583
      },
      {
        "date": "2025-10-24",
        "close": 17.448,
        "volume": 2558
      },
      {
        "date": "2025-10-31",
        "close": 17.202,
        "volume": 20
      },
      {
        "date": "2025-11-07",
        "close": 17.101999,
        "volume": 2357
      },
      {
        "date": "2025-11-14",
        "close": 16.52,
        "volume": 1069
      },
      {
        "date": "2025-11-21",
        "close": 16.332001,
        "volume": 114
      },
      {
        "date": "2025-11-28",
        "close": 15.294,
        "volume": 739
      },
      {
        "date": "2025-12-05",
        "close": 15.466,
        "volume": 1558
      },
      {
        "date": "2025-12-12",
        "close": 15.934,
        "volume": 2322
      },
      {
        "date": "2025-12-19",
        "close": 15.654,
        "volume": 1
      },
      {
        "date": "2025-12-26",
        "close": 16.101999,
        "volume": 50
      },
      {
        "date": "2026-01-02",
        "close": 16.142,
        "volume": 250
      },
      {
        "date": "2026-01-09",
        "close": 19.74,
        "volume": 4132
      },
      {
        "date": "2026-01-16",
        "close": 20.16,
        "volume": 17783
      },
      {
        "date": "2026-01-23",
        "close": 19.771999,
        "volume": 4068
      },
      {
        "date": "2026-01-30",
        "close": 19.108,
        "volume": 9170
      },
      {
        "date": "2026-02-06",
        "close": 18.23,
        "volume": 2497
      },
      {
        "date": "2026-02-13",
        "close": 18.32,
        "volume": 2709
      },
      {
        "date": "2026-02-20",
        "close": 19.552,
        "volume": 6827
      },
      {
        "date": "2026-02-27",
        "close": 18.996,
        "volume": 1787
      },
      {
        "date": "2026-03-06",
        "close": 18.334,
        "volume": 2934
      },
      {
        "date": "2026-03-13",
        "close": 19.336,
        "volume": 1792
      },
      {
        "date": "2026-03-20",
        "close": 18.568001,
        "volume": 1319
      },
      {
        "date": "2026-03-27",
        "close": 17.266001,
        "volume": 4042
      },
      {
        "date": "2026-04-03",
        "close": 18.952,
        "volume": 2928
      },
      {
        "date": "2026-04-10",
        "close": 18.548,
        "volume": 1858
      },
      {
        "date": "2026-04-17",
        "close": 18.827999,
        "volume": 3675
      },
      {
        "date": "2026-04-24",
        "close": 17.306,
        "volume": 1880
      },
      {
        "date": "2026-05-01",
        "close": 17.306,
        "volume": 47
      },
      {
        "date": "2026-05-08",
        "close": 17.752001,
        "volume": 1528
      },
      {
        "date": "2026-05-15",
        "close": 15.568,
        "volume": 859
      },
      {
        "date": "2026-05-22",
        "close": 16.955999,
        "volume": 2278
      },
      {
        "date": "2026-05-29",
        "close": 17.57,
        "volume": 771
      },
      {
        "date": "2026-06-05",
        "close": 16.188,
        "volume": 0
      },
      {
        "date": "2026-06-12",
        "close": 15.856,
        "volume": 0
      },
      {
        "date": "2026-06-19",
        "close": 15.612,
        "volume": 0
      },
      {
        "date": "2026-06-26",
        "close": 14.704,
        "volume": 3
      },
      {
        "date": "2026-07-03",
        "close": 15.514,
        "volume": 0
      },
      {
        "date": "2026-07-10",
        "close": 15.536,
        "volume": 1034
      },
      {
        "date": "2026-07-17",
        "close": 15.91,
        "volume": 1367
      },
      {
        "date": "2026-07-24",
        "close": 15.864,
        "volume": 282
      },
      {
        "date": "2026-07-31",
        "close": 15.82,
        "volume": 1846
      },
      {
        "date": "2026-08-07",
        "close": 15.82,
        "volume": 0
      }
    ],
    "sharemaestro_context": {
      "trend": 17.441733,
      "fair_value": 16.920032,
      "market_activity": -27.334422,
      "market_dynamics": -0.713307,
      "relative_strength": -20.945462
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.020182,
        "directional_follow_through": 0.0,
        "regime_survival": 0.0,
        "conditional_difference": -0.038866,
        "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": "negative",
        "start": "2026-06-05",
        "end": "2026-06-05",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2026-06-12",
        "end": "2026-06-12",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "negative",
        "start": "2026-06-19",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.013323
      },
      {
        "direction": "positive",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": 0.0
      }
    ]
  }
}