{ "ticker": { "uuid": "014891a1-1fa7-4585-9d6f-72096c2be680", "symbol": "BELL", "name": "Bellini Nautica S.p.A.", "exchange": "MIL", "country": "IT", "assetType": "equity" }, "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 90.961, "architecture_energy": 80.694, "architecture_maturity": 42.389, "architecture_confidence": 77.847, "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": 10.63, "rotation_up": 79.57, "upward_expansion": 91.79, "deceleration": 43.28, "rotation_down": 11.08, "downward_expansion": 16.12 }, "activity_lines": [ 3.32, 3.222182, 3.119, 3.036645 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 3.64, "trend_reference": 2.959667, "distance_from_trend": 0.229868, "trend_direction": "Improving", "fair_value": 2.630449, "distance_from_fair_value": 0.383794, "fair_value_direction": "Improving", "relative_strength": 8.202978, "relative_strength_direction": "Improving", "price_momentum": 0.246575, "excess_performance": 0.075684, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.229868, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.059799, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.383794, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.291594, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.08203, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.233432, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.246575, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.070588, "read": "Demand-led" } ], "volume": { "latest": 85500, "relative_activity": 2.920581, "balance": 5.070588, "dry_up": 1.998292, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.051564, "annualized_volatility": 0.31896, "from_high_reference": -0.037037, "from_low_reference": 0.504132 }, "levels": { "trend_reference": 2.959667, "fair_value_reference": 2.630449, "structural_low": 2.48, "invalidation": "A sustained 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"volume": 32000, "typical_volume": 21550.0, "trend": 2.911, "fair_value": 2.611218, "relative_strength": -1.817698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.286508, "energy": 47.327726, "activity_lines": [ 3.121333, 3.107273, 3.030333, 2.972387 ] }, { "date": "2026-07-31", "close": 3.2, "volume": 87500, "typical_volume": 25200.0, "trend": 2.933, "fair_value": 2.619423, "relative_strength": -2.118805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.726047, "energy": 43.557111, "activity_lines": [ 3.149333, 3.126182, 3.054714, 2.991032 ] }, { "date": "2026-08-07", "close": 3.64, "volume": 85500, "typical_volume": 29275.0, "trend": 2.959667, "fair_value": 2.630449, "relative_strength": 8.202978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.960637, "energy": 80.693556, "activity_lines": [ 3.32, 3.222182, 3.119, 3.036645 ] } ], "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." } } }