{ "ticker": { "uuid": "09e793d2-f2d3-4919-b9fb-e4a29bbcd7ce", "symbol": "SPAB", "name": "Global X S&P 500 Annual Buffer 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 67.584, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 76.14, "architecture_energy": 83.071, "architecture_maturity": 46.348, "architecture_confidence": 79.833, "architecture_tenure": "Established", "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": 8.83, "rotation_up": 65.94, "upward_expansion": 96.5, "deceleration": 41.88, "rotation_down": 27.07, "downward_expansion": 18.5 }, "activity_lines": [ 18.308933, 18.237491, 18.011505, 17.792443 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 18.354, "trend_reference": 17.543934, "distance_from_trend": 0.046174, "trend_direction": "Improving", "fair_value": 16.115092, "distance_from_fair_value": 0.138932, "fair_value_direction": "Improving", "relative_strength": -7.807915, "relative_strength_direction": "Weakening", "price_momentum": 0.069705, "excess_performance": -0.101187, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.046174, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028684, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.138932, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.038752, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078079, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.012067, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.069705, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.350832, "read": "Demand-led" } ], "volume": { "latest": 30, "relative_activity": 0.011351, "balance": 4.350832, "dry_up": 0.054484, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.008667, "annualized_volatility": 0.049801, "from_high_reference": -0.02112, "from_low_reference": 0.14455 }, "levels": { "trend_reference": 17.543934, "fair_value_reference": 16.115092, "structural_low": 16.868, 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"direction": 83.258599, "energy": 86.921621, "activity_lines": [ 18.149067, 18.028837, 17.74021, 17.561024 ] }, { "date": "2026-07-17", "close": 18.288, "volume": 546, "typical_volume": 2643.4, "trend": 17.380734, "fair_value": 16.067377, "relative_strength": -5.506357, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.658281, "energy": 71.607929, "activity_lines": [ 18.212533, 18.097637, 17.814533, 17.623114 ] }, { "date": "2026-07-24", "close": 18.288, "volume": 0, "typical_volume": 2643.4, "trend": 17.435867, "fair_value": 16.083353, "relative_strength": -5.20849, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.515384, "energy": 82.155022, "activity_lines": [ 18.2492, 18.152327, 17.883476, 17.681648 ] }, { "date": "2026-07-31", "close": 18.288, "volume": 0, "typical_volume": 2643.4, "trend": 17.4888, "fair_value": 16.0991, "relative_strength": -5.634309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.264365, "energy": 81.969957, "activity_lines": [ 18.274, 18.192764, 17.947038, 17.736624 ] }, { "date": "2026-08-07", "close": 18.354, "volume": 30, "typical_volume": 2643.0, "trend": 17.543934, "fair_value": 16.115092, "relative_strength": -7.807915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.140391, "energy": 83.071082, "activity_lines": [ 18.308933, 18.237491, 18.011505, 17.792443 ] } ], "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." } } }