{ "ticker": { "uuid": "06d616fc-04fb-4c58-acd1-f525e51e196f", "symbol": "IART", "name": "iSh AI Innovation Active UCITS", "exchange": "PAR", "country": "FR", "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": "^FCHI", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 6.495, "architecture_energy": 22.877, "architecture_maturity": 65.876, "architecture_confidence": 78.866, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 57.2, "rotation_up": 15.63, "upward_expansion": 41.82, "deceleration": 87.99, "rotation_down": 43.32, "downward_expansion": 33.49 }, "activity_lines": [ 6.841933, 7.161273, 7.221926, 6.889111 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 6.978, "trend_reference": 6.425693, "distance_from_trend": 0.085953, "trend_direction": "Improving", "fair_value": 5.285036, "distance_from_fair_value": 0.320332, "fair_value_direction": "Weakening", "relative_strength": 10.811601, "relative_strength_direction": "Weakening", "price_momentum": 0.335042, "excess_performance": 0.281731, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.085953, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.12655, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.320332, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.146121, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.108116, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.267257, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.335042, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.91069, "read": "Supply-led" } ], "volume": { "latest": 206141, "relative_activity": 0.686794, "balance": 0.91069, "dry_up": 1.546785, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.089402, "annualized_volatility": 0.362077, "from_high_reference": -0.167005, "from_low_reference": 0.515671 }, "levels": { "trend_reference": 6.425693, "fair_value_reference": 5.285036, "structural_low": 4.9075, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.068934, "active": true } ], "chart_path": [ { "date": "2025-01-24", "close": 5.0378, "volume": 5466, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 4.7636, "volume": 8815, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 5.0084, "volume": 22005, 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"activity_lines": [ null, null, null, null ] }, { "date": "2026-07-24", "close": 6.919, "volume": 303832, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-31", "close": 6.528, "volume": 668329, "typical_volume": 292423.15, "trend": 6.371343, "fair_value": 5.263874, "relative_strength": 6.671318, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.153596, "energy": 22.018351, "activity_lines": [ 6.8754, 7.247491, 7.213318, 6.849972 ] }, { "date": "2026-08-07", "close": 6.978, "volume": 206141, "typical_volume": 300149.65, "trend": 6.425693, "fair_value": 5.285036, "relative_strength": 10.811601, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.495135, "energy": 22.877456, "activity_lines": [ 6.841933, 7.161273, 7.221926, 6.889111 ] } ], "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." } } }