{ "ticker": { "uuid": "14542254-548a-43f9-9d19-1da8e7d1008e", "symbol": "EURO", "name": "State Street SPDR MSCI EMU 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": 83.502, "architecture_energy": 63.857, "architecture_maturity": 51.356, "architecture_confidence": 81.484, "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": 10.65, "rotation_up": 59.09, "upward_expansion": 83.47, "deceleration": 61.04, "rotation_down": 25.8, "downward_expansion": 10.14 }, "activity_lines": [ 105.506667, 105.0, 103.057143, 101.18628 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 107.82, "trend_reference": 99.224667, "distance_from_trend": 0.086625, "trend_direction": "Improving", "fair_value": 81.803525, "distance_from_fair_value": 0.318036, "fair_value_direction": "Improving", "relative_strength": -2.989335, "relative_strength_direction": "Improving", "price_momentum": 0.111088, "excess_performance": -0.059804, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086625, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042951, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.318036, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.069417, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.029893, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.021141, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.111088, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.130925, "read": "Demand-led" } ], "volume": { "latest": 8469, "relative_activity": 1.022919, "balance": 5.130925, "dry_up": 0.545762, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.021553, "annualized_volatility": 0.16871, "from_high_reference": -0.004248, "from_low_reference": 0.263713 }, "levels": { "trend_reference": 99.224667, "fair_value_reference": 81.803525, "structural_low": 88.0, 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"energy": 80.890427, "activity_lines": [ 104.560001, 103.408728, 100.788334, 99.407549 ] }, { "date": "2026-07-17", "close": 103.480003, "volume": 3849, "typical_volume": 10224.4, "trend": 98.088, "fair_value": 81.051923, "relative_strength": -3.855155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.716264, "energy": 61.995931, "activity_lines": [ 104.230668, 103.651819, 101.245239, 99.777871 ] }, { "date": "2026-07-24", "close": 104.419998, "volume": 835, "typical_volume": 9862.95, "trend": 98.473334, "fair_value": 81.285256, "relative_strength": -2.731967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.30843, "energy": 56.124305, "activity_lines": [ 104.206667, 103.970909, 101.774191, 100.186387 ] }, { "date": "2026-07-31", "close": 105.0, "volume": 4921, "typical_volume": 9519.75, "trend": 98.848334, "fair_value": 81.534359, "relative_strength": -2.803125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.158256, "energy": 50.196569, "activity_lines": [ 104.426667, 104.267273, 102.309191, 100.607463 ] }, { "date": "2026-08-07", "close": 107.82, "volume": 8469, "typical_volume": 8279.25, "trend": 99.224667, "fair_value": 81.803525, "relative_strength": -2.989335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.501679, "energy": 63.857122, "activity_lines": [ 105.506667, 105.0, 103.057143, 101.18628 ] } ], "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." } } }