{
  "ticker": {
    "uuid": "0d9ac2f1-14bd-4779-b222-8dfead5f5aaf",
    "symbol": "IWQE",
    "name": "iShares MSCI World Quality Factor Advanced UCITS ETF USD (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": 82.743,
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    "architecture_maturity": 87.46,
    "architecture_confidence": 62.349,
    "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."
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      "scores": {
        "balance": 11.73,
        "rotation_up": 55.27,
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
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    "fair_value_direction": "Improving",
    "relative_strength": -2.170889,
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      {
        "label": "Price vs current Fair Value",
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        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": true,
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        "read": "Closing upward"
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        "label": "Relative Strength vs benchmark",
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        "read": "Lagging"
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        "label": "Relative strength direction",
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        "value": 0.00325,
        "read": "Improving"
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      {
        "label": "Price momentum",
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        "value": 0.141096,
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        "label": "Volume balance",
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        "read": "Supply-led"
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      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "date": "2026-08-07",
        "close": 8.055,
        "volume": 73367,
        "typical_volume": 22422.2,
        "trend": 7.3861,
        "fair_value": 6.358296,
        "relative_strength": -2.170889,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.743382,
        "energy": 69.41749,
        "activity_lines": [
          7.930733,
          7.900582,
          7.747719,
          7.578161
        ]
      }
    ],
    "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."
    }
  }
}