{ "ticker": { "uuid": "06f55e50-7f07-45dc-a17a-d2b2a30f0e56", "symbol": "LOCK", "name": "iShares Digital Security UCITS ETF", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "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": 85.223, "architecture_energy": 67.787, "architecture_maturity": 52.596, "architecture_confidence": 87.485, "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": 9.61, "rotation_up": 63.16, "upward_expansion": 84.48, "deceleration": 63.65, "rotation_down": 23.47, "downward_expansion": 11.14 }, "activity_lines": [ 10.508133, 10.349164, 10.056562, 9.692234 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 10.932, "trend_reference": 9.242767, "distance_from_trend": 0.182763, "trend_direction": "Improving", "fair_value": 8.091263, "distance_from_fair_value": 0.351087, "fair_value_direction": "Improving", "relative_strength": 4.353163, "relative_strength_direction": "Improving", "price_momentum": 0.353808, "excess_performance": 0.182916, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.182763, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.06137, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.351087, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.135959, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.043532, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.075544, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.353808, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.286974, "read": "Demand-led" } ], "volume": { "latest": 209636, "relative_activity": 1.446747, "balance": 4.286974, "dry_up": 1.24383, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.036534, "annualized_volatility": 0.188591, "from_high_reference": -0.015135, "from_low_reference": 0.379432 }, "levels": { "trend_reference": 9.242767, "fair_value_reference": 8.091263, "structural_low": 7.93, "invalidation": "A 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"activity_lines": [ 10.191133, 10.083018, 9.666462, 9.344045 ] }, { "date": "2026-07-17", "close": 10.322, "volume": 157342, "typical_volume": 173558.55, "trend": 9.060833, "fair_value": 8.00975, "relative_strength": 1.897196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.343318, "energy": 74.726524, "activity_lines": [ 10.276, 10.147455, 9.767324, 9.428989 ] }, { "date": "2026-07-24", "close": 10.196, "volume": 134365, "typical_volume": 166997.1, "trend": 9.112, "fair_value": 8.034788, "relative_strength": 0.902995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.838204, "energy": 70.068118, "activity_lines": [ 10.289867, 10.172764, 9.846138, 9.502226 ] }, { "date": "2026-07-31", "close": 10.296, "volume": 219589, "typical_volume": 151555.1, "trend": 9.170867, "fair_value": 8.060846, "relative_strength": 1.255422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.72284, "energy": 59.377282, "activity_lines": [ 10.308133, 10.2054, 9.925638, 9.578613 ] }, { "date": "2026-08-07", "close": 10.932, "volume": 209636, "typical_volume": 144901.6, "trend": 9.242767, "fair_value": 8.091263, "relative_strength": 4.353163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.222888, "energy": 67.787048, "activity_lines": [ 10.508133, 10.349164, 10.056562, 9.692234 ] } ], "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." } } }