{ "ticker": { "uuid": "005798e8-35bf-4961-8116-a253692d4eaa", "symbol": "XZDZ", "name": "Xtrackers MSCI EMU High Dividend Yield ESG UCITS ETF 1D", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 82.97, "architecture_energy": 71.639, "architecture_maturity": 36.6, "architecture_confidence": 75.13, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 6.4, "rotation_up": 66.84, "upward_expansion": 87.67, "deceleration": 60.41, "rotation_down": 24.48, "downward_expansion": 12.0 }, "activity_lines": [ 41.32, 41.192, 40.618986, 40.197516 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 41.599998, "trend_reference": 39.771088, "distance_from_trend": 0.045986, "trend_direction": "Improving", "fair_value": 35.897122, "distance_from_fair_value": 0.158867, "fair_value_direction": "Improving", "relative_strength": -8.302012, "relative_strength_direction": "Improving", "price_momentum": 0.044464, "excess_performance": -0.126428, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.045986, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.023457, "read": "Rising" }, { "label": 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40.001527, 39.744653 ] }, { "date": "2026-07-17", "close": 41.215, "volume": 5, "typical_volume": 250.9, "trend": 39.519543, "fair_value": 35.753582, "relative_strength": -6.554885, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.524244, "energy": 88.035177, "activity_lines": [ 41.087, 40.815289, 40.158329, 39.85982 ] }, { "date": "2026-07-24", "close": 41.215, "volume": 0, "typical_volume": 121.6, "trend": 39.609167, "fair_value": 35.801072, "relative_strength": -6.214887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.312532, "energy": 77.741426, "activity_lines": [ 41.113333, 40.956455, 40.312342, 39.969204 ] }, { "date": "2026-07-31", "close": 41.240002, "volume": 1107, "typical_volume": 176.65, "trend": 39.692001, "fair_value": 35.84796, "relative_strength": -6.58215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.027199, "energy": 66.585537, "activity_lines": [ 41.154334, 41.061637, 40.456243, 40.074419 ] }, { "date": "2026-08-07", "close": 41.599998, "volume": 3, "typical_volume": 103.8, "trend": 39.771088, "fair_value": 35.897122, "relative_strength": -8.302012, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.969842, "energy": 71.638665, "activity_lines": [ 41.32, 41.192, 40.618986, 40.197516 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }