{ "ticker": { "uuid": "10c50605-5676-49f8-ad85-5fc3bb17395f", "symbol": "ZGN", "name": "Ermenegildo Zegna NV", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": "SPY", "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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 68.462, "architecture_energy": 58.542, "architecture_maturity": 20.257, "architecture_confidence": 90.099, "architecture_tenure": "New", "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": 19.83, "rotation_up": 63.53, "upward_expansion": 83.4, "deceleration": 51.53, "rotation_down": 16.9, "downward_expansion": 10.06 }, "activity_lines": [ 14.506, 14.114528, 13.744063, 13.067736 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 14.91, "trend_reference": 12.139547, "distance_from_trend": 0.228217, "trend_direction": "Improving", "fair_value": 10.545024, "distance_from_fair_value": 0.413937, "fair_value_direction": "Improving", "relative_strength": 20.067883, "relative_strength_direction": "Improving", "price_momentum": 0.435034, "excess_performance": 0.309409, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.228217, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.110561, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.413937, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.156909, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.200679, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.002943, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.435034, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.067624, "read": "Demand-led" } ], "volume": { "latest": 3886791, "relative_activity": 0.773343, "balance": 2.067624, "dry_up": 1.100511, "accumulation_observations": 6, "distribution_observations": 3 }, "risk": { "range_context": 0.079128, "annualized_volatility": 0.341791, "from_high_reference": -0.065204, "from_low_reference": 0.937622 }, "levels": { "trend_reference": 12.139547, "fair_value_reference": 10.545024, "structural_low": 9.165, "invalidation": 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"typical_volume": 4814460.9, "trend": 11.73288, "fair_value": 10.557698, "relative_strength": 19.123437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.934331, "energy": 24.87234, "activity_lines": [ 13.482463, 13.678696, 13.165916, 12.529541 ] }, { "date": "2026-07-24", "close": 14.32, "volume": 5619953, "typical_volume": 4888980.65, "trend": 11.861214, "fair_value": 10.551879, "relative_strength": 22.718942, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.794621, "energy": 33.542444, "activity_lines": [ 13.777437, 13.794216, 13.347695, 12.696452 ] }, { "date": "2026-07-31", "close": 14.71, "volume": 6434857, "typical_volume": 5048511.95, "trend": 12.00388, "fair_value": 10.549497, "relative_strength": 23.627156, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.341807, "energy": 46.408342, "activity_lines": [ 14.164253, 13.949008, 13.548284, 12.880244 ] }, { "date": "2026-08-07", "close": 14.91, "volume": 3886791, "typical_volume": 5025962.75, "trend": 12.139547, "fair_value": 10.545024, "relative_strength": 20.067883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.461979, "energy": 58.542196, "activity_lines": [ 14.506, 14.114528, 13.744063, 13.067736 ] } ], "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." } } }