{
  "ticker": {
    "uuid": "079f6c8a-558b-4e76-9c70-51401709b480",
    "symbol": "CSSX5E",
    "name": "iShares VII PLC - iShares Core EURO STOXX 50 ETF EUR Acc",
    "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": 84.226,
    "architecture_energy": 70.291,
    "architecture_maturity": 32.242,
    "architecture_confidence": 82.183,
    "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": 8.05,
        "rotation_up": 63.28,
        "upward_expansion": 86.11,
        "deceleration": 53.24,
        "rotation_down": 22.61,
        "downward_expansion": 12.78
      },
      "activity_lines": [
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        241.092856,
        236.645267
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 254.550003,
    "trend_reference": 232.344998,
    "distance_from_trend": 0.095569,
    "trend_direction": "Improving",
    "fair_value": 194.582948,
    "distance_from_fair_value": 0.308182,
    "fair_value_direction": "Improving",
    "relative_strength": -2.567269,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.111572,
    "excess_performance": -0.05932,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095569,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039118,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.308182,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.08825,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.025673,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.037287,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.111572,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.820926,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 50432,
      "relative_activity": 1.117677,
      "balance": 2.820926,
      "dry_up": 0.948852,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.023964,
      "annualized_volatility": 0.170972,
      "from_high_reference": -0.004497,
      "from_low_reference": 0.265474
    },
    "levels": {
      "trend_reference": 232.344998,
      "fair_value_reference": 194.582948,
      "structural_low": 205.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.002416,
        "positive_rate": 0.564103,
        "directional_follow_through": 0.564103,
        "median_excess_return": -0.008532,
        "regime_survival": 0.794872,
        "best_return": 0.104627,
        "worst_return": -0.086819,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.00557,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.024412,
        "regime_survival": 0.5,
        "best_return": 0.131511,
        "worst_return": -0.061053,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.073094,
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        "directional_follow_through": 0.875,
        "median_excess_return": -0.009727,
        "regime_survival": 0.625,
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        "worst_return": -0.165182,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.108476,
        "sufficient": false
      }
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        "end": "2023-10-13",
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        "end": "2023-11-24",
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      {
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        "regime": "deceleration",
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      },
      {
        "date": "2026-05-01",
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        "relative_strength": -5.374365,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 47661.45,
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      },
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        "date": "2026-05-15",
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        "typical_volume": 48785.6,
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        "relative_strength": -6.97353,
        "stage": 3,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 55323.8,
        "trend": 222.946664,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 56558.75,
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      },
      {
        "date": "2026-06-05",
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        "trend": 224.383331,
        "fair_value": 189.419038,
        "relative_strength": -4.013384,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "activity_lines": [
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      },
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        "date": "2026-06-12",
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        "typical_volume": 53326.0,
        "trend": 225.169998,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "modifier": "Re-accelerating",
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        "direction": 69.404431,
        "energy": 78.06632,
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      },
      {
        "date": "2026-07-03",
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        "volume": 6352,
        "typical_volume": 50059.0,
        "trend": 228.219998,
        "fair_value": 191.711025,
        "relative_strength": -3.414092,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 50747.9,
        "trend": 229.073332,
        "fair_value": 192.265256,
        "relative_strength": -4.96375,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.192752,
        "energy": 79.974024,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 55373,
        "typical_volume": 52007.65,
        "trend": 229.838332,
        "fair_value": 192.812115,
        "relative_strength": -4.056047,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.786482,
        "energy": 69.962586,
        "activity_lines": [
          244.46,
          242.287272,
          236.240713,
          233.113117
        ]
      },
      {
        "date": "2026-07-24",
        "close": 244.550003,
        "volume": 31702,
        "typical_volume": 50071.15,
        "trend": 230.676665,
        "fair_value": 193.352692,
        "relative_strength": -3.05226,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.722116,
        "energy": 59.650629,
        "activity_lines": [
          244.443334,
          243.226364,
          237.564761,
          234.062257
        ]
      },
      {
        "date": "2026-07-31",
        "close": 247.649994,
        "volume": 33750,
        "typical_volume": 46788.8,
        "trend": 231.486665,
        "fair_value": 193.94391,
        "relative_strength": -2.458743,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.902902,
        "energy": 54.42174,
        "activity_lines": [
          245.473332,
          244.388181,
          239.069522,
          235.15731
        ]
      },
      {
        "date": "2026-08-07",
        "close": 254.550003,
        "volume": 50432,
        "typical_volume": 45122.15,
        "trend": 232.344998,
        "fair_value": 194.582948,
        "relative_strength": -2.567269,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.225719,
        "energy": 70.291058,
        "activity_lines": [
          248.426666,
          246.550909,
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          236.645267
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      }
    ],
    "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."
    }
  }
}