{
  "ticker": {
    "uuid": "d187a8a2-430e-420c-a0df-b606b06843f3",
    "symbol": "FTGA",
    "name": "First Trust Indxx Global Aerospace & Defence UCITS ETF Class A USD Acc",
    "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": 31.35,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 25.4,
    "boundary_margin": 0.234252,
    "trend_agreement": "Fully aligned",
    "persistence": "Established",
    "direction_turnover": "Low",
    "annualized_volatility": 0.254434,
    "volatility_stability": 1.0916,
    "risk_context": 0.393,
    "current_regime": {
      "move": 0.138965,
      "interruption": -0.123003,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 97.62,
    "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 23.4% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2025-12-26",
        "close": 27.525,
        "direction_boundary": 18.898001,
        "core_momentum": 0.456503,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.180469
      },
      {
        "date": "2026-01-02",
        "close": 27.945,
        "direction_boundary": 19.034,
        "core_momentum": 0.468162,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.180628
      },
      {
        "date": "2026-01-09",
        "close": 30.934999,
        "direction_boundary": 19.044001,
        "core_momentum": 0.624396,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.223299
      },
      {
        "date": "2026-01-16",
        "close": 32.235001,
        "direction_boundary": 19.778,
        "core_momentum": 0.629841,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.221549
      },
      {
        "date": "2026-01-23",
        "close": 31.15,
        "direction_boundary": 19.898001,
        "core_momentum": 0.565484,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.217933
      },
      {
        "date": "2026-01-30",
        "close": 30.370001,
        "direction_boundary": 19.968,
        "core_momentum": 0.520934,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.222487
      },
      {
        "date": "2026-02-06",
        "close": 30.075001,
        "direction_boundary": 19.702,
        "core_momentum": 0.526495,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.222454
      },
      {
        "date": "2026-02-13",
        "close": 30.445,
        "direction_boundary": 19.247999,
        "core_momentum": 0.581723,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.222508
      },
      {
        "date": "2026-02-20",
        "close": 31.860001,
        "direction_boundary": 19.766001,
        "core_momentum": 0.611859,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.228124
      },
      {
        "date": "2026-02-27",
        "close": 31.245001,
        "direction_boundary": 20.52,
        "core_momentum": 0.522661,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.231466
      },
      {
        "date": "2026-03-06",
        "close": 31.385,
        "direction_boundary": 20.725,
        "core_momentum": 0.514355,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.2298
      },
      {
        "date": "2026-03-13",
        "close": 31.105,
        "direction_boundary": 21.309999,
        "core_momentum": 0.459643,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.222189
      },
      {
        "date": "2026-03-20",
        "close": 29.965,
        "direction_boundary": 21.35,
        "core_momentum": 0.403513,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.230167
      },
      {
        "date": "2026-03-27",
        "close": 28.860001,
        "direction_boundary": 21.344999,
        "core_momentum": 0.352073,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.235504
      },
      {
        "date": "2026-04-03",
        "close": 30.139999,
        "direction_boundary": 19.681999,
        "core_momentum": 0.531348,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.23952
      },
      {
        "date": "2026-04-10",
        "close": 30.395,
        "direction_boundary": 20.09,
        "core_momentum": 0.512942,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.239473
      },
      {
        "date": "2026-04-17",
        "close": 30.74,
        "direction_boundary": 20.83,
        "core_momentum": 0.475756,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.230804
      },
      {
        "date": "2026-04-24",
        "close": 28.27,
        "direction_boundary": 21.09,
        "core_momentum": 0.340446,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.255348
      },
      {
        "date": "2026-05-01",
        "close": 28.58,
        "direction_boundary": 22.184999,
        "core_momentum": 0.288258,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.255763
      },
      {
        "date": "2026-05-08",
        "close": 28.809999,
        "direction_boundary": 22.51,
        "core_momentum": 0.279876,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.249043
      },
      {
        "date": "2026-05-15",
        "close": 28.315001,
        "direction_boundary": 23.440001,
        "core_momentum": 0.207978,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.250577
      },
      {
        "date": "2026-05-22",
        "close": 29.455,
        "direction_boundary": 23.360001,
        "core_momentum": 0.260916,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.249412
      },
      {
        "date": "2026-05-29",
        "close": 30.51,
        "direction_boundary": 24.049999,
        "core_momentum": 0.268607,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.252898
      },
      {
        "date": "2026-06-05",
        "close": 29.49,
        "direction_boundary": 24.34,
        "core_momentum": 0.211586,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.258719
      },
      {
        "date": "2026-06-12",
        "close": 29.58,
        "direction_boundary": 24.02,
        "core_momentum": 0.231474,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.258287
      },
      {
        "date": "2026-06-19",
        "close": 30.01,
        "direction_boundary": 24.1,
        "core_momentum": 0.245228,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.258077
      },
      {
        "date": "2026-06-26",
        "close": 28.99,
        "direction_boundary": 24.6,
        "core_momentum": 0.178455,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.26272
      },
      {
        "date": "2026-07-03",
        "close": 30.915001,
        "direction_boundary": 24.495001,
        "core_momentum": 0.262094,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.276137
      },
      {
        "date": "2026-07-10",
        "close": 29.440001,
        "direction_boundary": 25.174999,
        "core_momentum": 0.169414,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.246905
      },
      {
        "date": "2026-07-17",
        "close": 28.889999,
        "direction_boundary": 26.375,
        "core_momentum": 0.095355,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.239895
      },
      {
        "date": "2026-07-24",
        "close": 29.790001,
        "direction_boundary": 25.27,
        "core_momentum": 0.178868,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.240536
      },
      {
        "date": "2026-07-31",
        "close": 29.424999,
        "direction_boundary": 25.655001,
        "core_momentum": 0.14695,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.238645
      },
      {
        "date": "2026-08-07",
        "close": 31.35,
        "direction_boundary": 25.4,
        "core_momentum": 0.234252,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.254434
      }
    ],
    "price_history": [
      {
        "date": "2024-12-27",
        "close": 18.898001,
        "volume": 2650
      },
      {
        "date": "2025-01-03",
        "close": 19.034,
        "volume": 0
      },
      {
        "date": "2025-01-10",
        "close": 19.044001,
        "volume": 330
      },
      {
        "date": "2025-01-17",
        "close": 19.778,
        "volume": 3022
      },
      {
        "date": "2025-01-24",
        "close": 19.898001,
        "volume": 2405
      },
      {
        "date": "2025-01-31",
        "close": 19.968,
        "volume": 6614
      },
      {
        "date": "2025-02-07",
        "close": 19.702,
        "volume": 428
      },
      {
        "date": "2025-02-14",
        "close": 19.247999,
        "volume": 4585
      },
      {
        "date": "2025-02-21",
        "close": 19.766001,
        "volume": 34552
      },
      {
        "date": "2025-02-28",
        "close": 20.52,
        "volume": 10859
      },
      {
        "date": "2025-03-07",
        "close": 20.725,
        "volume": 78703
      },
      {
        "date": "2025-03-14",
        "close": 21.309999,
        "volume": 12252
      },
      {
        "date": "2025-03-21",
        "close": 21.35,
        "volume": 51419
      },
      {
        "date": "2025-03-28",
        "close": 21.344999,
        "volume": 3853
      },
      {
        "date": "2025-04-04",
        "close": 19.681999,
        "volume": 1929
      },
      {
        "date": "2025-04-11",
        "close": 20.09,
        "volume": 17347
      },
      {
        "date": "2025-04-18",
        "close": 20.83,
        "volume": 9966
      },
      {
        "date": "2025-04-25",
        "close": 21.09,
        "volume": 450
      },
      {
        "date": "2025-05-02",
        "close": 22.184999,
        "volume": 11027
      },
      {
        "date": "2025-05-09",
        "close": 22.51,
        "volume": 3999
      },
      {
        "date": "2025-05-16",
        "close": 23.440001,
        "volume": 2048
      },
      {
        "date": "2025-05-23",
        "close": 23.360001,
        "volume": 2146
      },
      {
        "date": "2025-05-30",
        "close": 24.049999,
        "volume": 19654
      },
      {
        "date": "2025-06-06",
        "close": 24.34,
        "volume": 6736
      },
      {
        "date": "2025-06-13",
        "close": 24.02,
        "volume": 8592
      },
      {
        "date": "2025-06-20",
        "close": 24.1,
        "volume": 7358
      },
      {
        "date": "2025-06-27",
        "close": 24.6,
        "volume": 3375
      },
      {
        "date": "2025-07-04",
        "close": 24.495001,
        "volume": 9066
      },
      {
        "date": "2025-07-11",
        "close": 25.174999,
        "volume": 3696
      },
      {
        "date": "2025-07-18",
        "close": 26.375,
        "volume": 12251
      },
      {
        "date": "2025-07-25",
        "close": 25.27,
        "volume": 7821
      },
      {
        "date": "2025-08-01",
        "close": 25.655001,
        "volume": 10993
      },
      {
        "date": "2025-08-08",
        "close": 25.4,
        "volume": 7776
      },
      {
        "date": "2025-08-15",
        "close": 25.459999,
        "volume": 5963
      },
      {
        "date": "2025-08-22",
        "close": 25.35,
        "volume": 7476
      },
      {
        "date": "2025-08-29",
        "close": 25.51,
        "volume": 4859
      },
      {
        "date": "2025-09-05",
        "close": 25.209999,
        "volume": 36014
      },
      {
        "date": "2025-09-12",
        "close": 26.549999,
        "volume": 14965
      },
      {
        "date": "2025-09-19",
        "close": 26.58,
        "volume": 25018
      },
      {
        "date": "2025-09-26",
        "close": 27.235001,
        "volume": 13820
      },
      {
        "date": "2025-10-03",
        "close": 28.045,
        "volume": 19065
      },
      {
        "date": "2025-10-10",
        "close": 27.950001,
        "volume": 17140
      },
      {
        "date": "2025-10-17",
        "close": 26.815001,
        "volume": 28432
      },
      {
        "date": "2025-10-24",
        "close": 27.965,
        "volume": 3944
      },
      {
        "date": "2025-10-31",
        "close": 27.98,
        "volume": 6227
      },
      {
        "date": "2025-11-07",
        "close": 26.885,
        "volume": 9930
      },
      {
        "date": "2025-11-14",
        "close": 26.969999,
        "volume": 9645
      },
      {
        "date": "2025-11-21",
        "close": 26.0,
        "volume": 8252
      },
      {
        "date": "2025-11-28",
        "close": 26.25,
        "volume": 6733
      },
      {
        "date": "2025-12-05",
        "close": 26.209999,
        "volume": 11350
      },
      {
        "date": "2025-12-12",
        "close": 26.605,
        "volume": 4513
      },
      {
        "date": "2025-12-19",
        "close": 27.055,
        "volume": 2919
      },
      {
        "date": "2025-12-26",
        "close": 27.525,
        "volume": 1722
      },
      {
        "date": "2026-01-02",
        "close": 27.945,
        "volume": 4303
      },
      {
        "date": "2026-01-09",
        "close": 30.934999,
        "volume": 13287
      },
      {
        "date": "2026-01-16",
        "close": 32.235001,
        "volume": 7456
      },
      {
        "date": "2026-01-23",
        "close": 31.15,
        "volume": 30034
      },
      {
        "date": "2026-01-30",
        "close": 30.370001,
        "volume": 16127
      },
      {
        "date": "2026-02-06",
        "close": 30.075001,
        "volume": 27739
      },
      {
        "date": "2026-02-13",
        "close": 30.445,
        "volume": 19473
      },
      {
        "date": "2026-02-20",
        "close": 31.860001,
        "volume": 8535
      },
      {
        "date": "2026-02-27",
        "close": 31.245001,
        "volume": 22797
      },
      {
        "date": "2026-03-06",
        "close": 31.385,
        "volume": 26647
      },
      {
        "date": "2026-03-13",
        "close": 31.105,
        "volume": 20592
      },
      {
        "date": "2026-03-20",
        "close": 29.965,
        "volume": 16957
      },
      {
        "date": "2026-03-27",
        "close": 28.860001,
        "volume": 27750
      },
      {
        "date": "2026-04-03",
        "close": 30.139999,
        "volume": 7381
      },
      {
        "date": "2026-04-10",
        "close": 30.395,
        "volume": 14368
      },
      {
        "date": "2026-04-17",
        "close": 30.74,
        "volume": 15308
      },
      {
        "date": "2026-04-24",
        "close": 28.27,
        "volume": 15088
      },
      {
        "date": "2026-05-01",
        "close": 28.58,
        "volume": 10738
      },
      {
        "date": "2026-05-08",
        "close": 28.809999,
        "volume": 15858
      },
      {
        "date": "2026-05-15",
        "close": 28.315001,
        "volume": 18522
      },
      {
        "date": "2026-05-22",
        "close": 29.455,
        "volume": 15096
      },
      {
        "date": "2026-05-29",
        "close": 30.51,
        "volume": 35705
      },
      {
        "date": "2026-06-05",
        "close": 29.49,
        "volume": 788
      },
      {
        "date": "2026-06-12",
        "close": 29.58,
        "volume": 5597
      },
      {
        "date": "2026-06-19",
        "close": 30.01,
        "volume": 29
      },
      {
        "date": "2026-06-26",
        "close": 28.99,
        "volume": 858
      },
      {
        "date": "2026-07-03",
        "close": 30.915001,
        "volume": 594
      },
      {
        "date": "2026-07-10",
        "close": 29.440001,
        "volume": 9788
      },
      {
        "date": "2026-07-17",
        "close": 28.889999,
        "volume": 21267
      },
      {
        "date": "2026-07-24",
        "close": 29.790001,
        "volume": 13100
      },
      {
        "date": "2026-07-31",
        "close": 29.424999,
        "volume": 17189
      },
      {
        "date": "2026-08-07",
        "close": 31.35,
        "volume": 10760
      }
    ],
    "sharemaestro_context": {
      "trend": 30.059667,
      "fair_value": 26.142035,
      "market_activity": 3.339868,
      "market_dynamics": 0.201099,
      "relative_strength": 0.854201
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.022793,
        "directional_follow_through": 0.6,
        "regime_survival": 1.0,
        "conditional_difference": 0.003951,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.026503,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.053975,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": 0.053224,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.084341,
        "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": "2025-12-26",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.138965
      }
    ]
  }
}