{
  "ticker": {
    "uuid": "bdae68d8-24c5-4f55-a995-b765bff413ff",
    "symbol": "X500",
    "name": "Xtrackers S&P 500 Swap II UCITS ETF 1C USD",
    "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": 37.021,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 29.812,
    "boundary_margin": 0.241815,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.118905,
    "volatility_stability": 0.4031,
    "risk_context": 0.841,
    "current_regime": {
      "move": 0.026309,
      "interruption": -0.011616,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 91.154,
    "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 24.2% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-07-24",
        "close": 36.071999,
        "direction_boundary": 34.704899,
        "core_momentum": 0.039392,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.108544
      },
      {
        "date": "2026-07-31",
        "close": 35.653,
        "direction_boundary": 29.445999,
        "core_momentum": 0.210793,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.109681
      },
      {
        "date": "2026-08-07",
        "close": 37.021,
        "direction_boundary": 29.812,
        "core_momentum": 0.241815,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.118905
      }
    ],
    "price_history": [
      {
        "date": "2025-07-25",
        "close": 34.704899,
        "volume": 0
      },
      {
        "date": "2025-08-01",
        "close": 29.445999,
        "volume": 0
      },
      {
        "date": "2025-08-08",
        "close": 29.812,
        "volume": 0
      },
      {
        "date": "2025-08-15",
        "close": 30.083,
        "volume": 508
      },
      {
        "date": "2025-08-22",
        "close": 30.17,
        "volume": 80
      },
      {
        "date": "2025-08-29",
        "close": 30.128,
        "volume": 5
      },
      {
        "date": "2025-09-05",
        "close": 30.103001,
        "volume": 0
      },
      {
        "date": "2025-09-12",
        "close": 30.716999,
        "volume": 0
      },
      {
        "date": "2025-09-19",
        "close": 30.881001,
        "volume": 45
      },
      {
        "date": "2025-09-26",
        "close": 30.950001,
        "volume": 38023
      },
      {
        "date": "2025-10-03",
        "close": 31.405001,
        "volume": 23628
      },
      {
        "date": "2025-10-10",
        "close": 31.204,
        "volume": 19782
      },
      {
        "date": "2025-10-17",
        "close": 30.988001,
        "volume": 11571
      },
      {
        "date": "2025-10-24",
        "close": 37.1479,
        "volume": 398
      },
      {
        "date": "2025-10-31",
        "close": 32.452,
        "volume": 6777
      },
      {
        "date": "2025-11-07",
        "close": 31.421,
        "volume": 955
      },
      {
        "date": "2025-11-14",
        "close": 31.827,
        "volume": 3718
      },
      {
        "date": "2025-11-21",
        "close": 31.323999,
        "volume": 3320
      },
      {
        "date": "2025-11-28",
        "close": 32.291,
        "volume": 1085
      },
      {
        "date": "2025-12-05",
        "close": 32.34,
        "volume": 51
      },
      {
        "date": "2025-12-12",
        "close": 31.816999,
        "volume": 16251
      },
      {
        "date": "2025-12-19",
        "close": 31.945999,
        "volume": 1471
      },
      {
        "date": "2025-12-26",
        "close": 32.084999,
        "volume": 270
      },
      {
        "date": "2026-01-02",
        "close": 31.951,
        "volume": 255
      },
      {
        "date": "2026-01-09",
        "close": 32.773998,
        "volume": 120
      },
      {
        "date": "2026-01-16",
        "close": 32.882,
        "volume": 502
      },
      {
        "date": "2026-01-23",
        "close": 32.271,
        "volume": 7703
      },
      {
        "date": "2026-01-30",
        "close": 32.042,
        "volume": 2200
      },
      {
        "date": "2026-02-06",
        "close": 32.042999,
        "volume": 3747
      },
      {
        "date": "2026-02-13",
        "close": 31.695999,
        "volume": 1325
      },
      {
        "date": "2026-02-20",
        "close": 32.117001,
        "volume": 2953
      },
      {
        "date": "2026-02-27",
        "close": 31.941,
        "volume": 514
      },
      {
        "date": "2026-03-06",
        "close": 32.373001,
        "volume": 2181
      },
      {
        "date": "2026-03-13",
        "close": 31.98,
        "volume": 15922
      },
      {
        "date": "2026-03-20",
        "close": 31.139,
        "volume": 4171
      },
      {
        "date": "2026-03-27",
        "close": 30.594999,
        "volume": 31993
      },
      {
        "date": "2026-04-03",
        "close": 31.306,
        "volume": 231730
      },
      {
        "date": "2026-04-10",
        "close": 32.02,
        "volume": 6040
      },
      {
        "date": "2026-04-17",
        "close": 33.241001,
        "volume": 72712
      },
      {
        "date": "2026-04-24",
        "close": 33.563999,
        "volume": 7706
      },
      {
        "date": "2026-05-01",
        "close": 33.610001,
        "volume": 15893
      },
      {
        "date": "2026-05-08",
        "close": 34.542999,
        "volume": 23437
      },
      {
        "date": "2026-05-15",
        "close": 35.203999,
        "volume": 19305
      },
      {
        "date": "2026-05-22",
        "close": 35.574001,
        "volume": 11591
      },
      {
        "date": "2026-05-29",
        "close": 35.771999,
        "volume": 20674
      },
      {
        "date": "2026-06-05",
        "close": 35.750999,
        "volume": 479
      },
      {
        "date": "2026-06-12",
        "close": 35.424,
        "volume": 27570
      },
      {
        "date": "2026-06-19",
        "close": 36.034,
        "volume": 37535
      },
      {
        "date": "2026-06-26",
        "close": 35.653999,
        "volume": 10591
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      {
        "date": "2026-07-03",
        "close": 36.151001,
        "volume": 245
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      {
        "date": "2026-07-10",
        "close": 36.423,
        "volume": 20727
      },
      {
        "date": "2026-07-17",
        "close": 36.02,
        "volume": 41916
      },
      {
        "date": "2026-07-24",
        "close": 36.071999,
        "volume": 49321
      },
      {
        "date": "2026-07-31",
        "close": 35.653,
        "volume": 259690
      },
      {
        "date": "2026-08-07",
        "close": 37.021,
        "volume": 72898
      }
    ],
    "sharemaestro_context": {
      "trend": 33.870533,
      "fair_value": 32.837887,
      "market_activity": 47.164527,
      "market_dynamics": 0.922392,
      "relative_strength": 4.008649
    },
    "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",
        "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": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": 0.026309
      }
    ]
  }
}