{
  "ticker": {
    "uuid": "afcfabc4-e3e3-4b2b-a9c8-12637174dded",
    "symbol": "XNDQ",
    "name": "Xtr.IEXtr.NASDAQ 100 Swap ETF R",
    "exchange": "GER",
    "country": "DE",
    "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": 38.57,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 35.278301,
    "boundary_margin": 0.093307,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.184171,
    "volatility_stability": 0.5523,
    "risk_context": 0.543,
    "current_regime": {
      "move": 0.02922,
      "interruption": -0.023082,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 76.737,
    "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 remains in its early lifecycle.",
      "boundary_context": "The latest close is 9.3% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-07-17",
        "close": 37.474998,
        "direction_boundary": 34.461399,
        "core_momentum": 0.087449,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.176077
      },
      {
        "date": "2026-07-24",
        "close": 37.365002,
        "direction_boundary": 34.769001,
        "core_momentum": 0.074664,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.174893
      },
      {
        "date": "2026-07-31",
        "close": 36.610001,
        "direction_boundary": 34.012402,
        "core_momentum": 0.076372,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.177702
      },
      {
        "date": "2026-08-07",
        "close": 38.57,
        "direction_boundary": 35.278301,
        "core_momentum": 0.093307,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.184171
      }
    ],
    "price_history": [
      {
        "date": "2025-07-18",
        "close": 34.461399,
        "volume": 0
      },
      {
        "date": "2025-07-25",
        "close": 34.769001,
        "volume": 0
      },
      {
        "date": "2025-08-01",
        "close": 34.012402,
        "volume": 0
      },
      {
        "date": "2025-08-08",
        "close": 35.278301,
        "volume": 0
      },
      {
        "date": "2025-08-15",
        "close": 35.435001,
        "volume": 0
      },
      {
        "date": "2025-08-22",
        "close": 35.124599,
        "volume": 0
      },
      {
        "date": "2025-08-29",
        "close": 35.002899,
        "volume": 0
      },
      {
        "date": "2025-09-05",
        "close": 30.040001,
        "volume": 159
      },
      {
        "date": "2025-09-12",
        "close": 30.719999,
        "volume": 1837
      },
      {
        "date": "2025-09-19",
        "close": 31.184999,
        "volume": 5242
      },
      {
        "date": "2025-09-26",
        "close": 31.18,
        "volume": 4406
      },
      {
        "date": "2025-10-03",
        "close": 31.75,
        "volume": 371
      },
      {
        "date": "2025-10-10",
        "close": 31.615,
        "volume": 1227
      },
      {
        "date": "2025-10-17",
        "close": 31.469999,
        "volume": 6324
      },
      {
        "date": "2025-10-24",
        "close": 37.9249,
        "volume": 6412
      },
      {
        "date": "2025-10-31",
        "close": 33.57,
        "volume": 1721
      },
      {
        "date": "2025-11-07",
        "close": 31.905001,
        "volume": 2924
      },
      {
        "date": "2025-11-14",
        "close": 32.365002,
        "volume": 1335
      },
      {
        "date": "2025-11-21",
        "close": 31.415001,
        "volume": 379
      },
      {
        "date": "2025-11-28",
        "close": 32.709999,
        "volume": 4321
      },
      {
        "date": "2025-12-05",
        "close": 32.994999,
        "volume": 7812
      },
      {
        "date": "2025-12-12",
        "close": 32.09,
        "volume": 1551
      },
      {
        "date": "2025-12-19",
        "close": 32.345001,
        "volume": 353
      },
      {
        "date": "2025-12-26",
        "close": 32.424999,
        "volume": 6003
      },
      {
        "date": "2026-01-02",
        "close": 32.404999,
        "volume": 1732
      },
      {
        "date": "2026-01-09",
        "close": 33.049999,
        "volume": 4901
      },
      {
        "date": "2026-01-16",
        "close": 33.005001,
        "volume": 3357
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      {
        "date": "2026-01-23",
        "close": 32.630001,
        "volume": 11344
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      {
        "date": "2026-01-30",
        "close": 32.395,
        "volume": 2730
      },
      {
        "date": "2026-02-06",
        "close": 31.610001,
        "volume": 5001
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      {
        "date": "2026-02-13",
        "close": 31.254999,
        "volume": 5766
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      {
        "date": "2026-02-20",
        "close": 31.76,
        "volume": 484
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      {
        "date": "2026-02-27",
        "close": 31.610001,
        "volume": 2400
      },
      {
        "date": "2026-03-06",
        "close": 32.02,
        "volume": 1276
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      {
        "date": "2026-03-13",
        "close": 32.014999,
        "volume": 438
      },
      {
        "date": "2026-03-20",
        "close": 31.190001,
        "volume": 8141
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      {
        "date": "2026-03-27",
        "close": 30.299999,
        "volume": 46142
      },
      {
        "date": "2026-04-03",
        "close": 31.139999,
        "volume": 44198
      },
      {
        "date": "2026-04-10",
        "close": 32.165001,
        "volume": 35381
      },
      {
        "date": "2026-04-17",
        "close": 33.625,
        "volume": 4320
      },
      {
        "date": "2026-04-24",
        "close": 34.810001,
        "volume": 4710
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      {
        "date": "2026-05-01",
        "close": 34.84,
        "volume": 4755
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      {
        "date": "2026-05-08",
        "close": 37.014999,
        "volume": 17967
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      {
        "date": "2026-05-15",
        "close": 37.740002,
        "volume": 47775
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      {
        "date": "2026-05-22",
        "close": 38.285,
        "volume": 47753
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      {
        "date": "2026-05-29",
        "close": 38.950001,
        "volume": 8133
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      {
        "date": "2026-06-05",
        "close": 38.525002,
        "volume": 977
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      {
        "date": "2026-06-12",
        "close": 38.465,
        "volume": 3999
      },
      {
        "date": "2026-06-19",
        "close": 39.709999,
        "volume": 530
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      {
        "date": "2026-06-26",
        "close": 38.560001,
        "volume": 1855
      },
      {
        "date": "2026-07-03",
        "close": 38.935001,
        "volume": 1065
      },
      {
        "date": "2026-07-10",
        "close": 39.02,
        "volume": 54700
      },
      {
        "date": "2026-07-17",
        "close": 37.474998,
        "volume": 1430
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      {
        "date": "2026-07-24",
        "close": 37.365002,
        "volume": 5530
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      {
        "date": "2026-07-31",
        "close": 36.610001,
        "volume": 5504
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      {
        "date": "2026-08-07",
        "close": 38.57,
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    ],
    "sharemaestro_context": {
      "trend": 35.053167,
      "fair_value": 34.086402,
      "market_activity": 21.780643,
      "market_dynamics": -0.212744,
      "relative_strength": 4.835112
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "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",
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        "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": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": 0.02922
      }
    ]
  }
}