{ "ticker": { "uuid": "17f219bf-3e1c-4655-91e5-7d841afc98a6", "symbol": "VMIG", "name": "Vanguard FTSE 250 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 93.986, "architecture_energy": 96.328, "architecture_maturity": 32.503, "architecture_confidence": 67.043, "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": 1.04, "rotation_up": 88.23, "upward_expansion": 99.89, "deceleration": 39.03, "rotation_down": 9.25, "downward_expansion": 21.89 }, "activity_lines": [ 53.433999, 52.513091, 51.326238, 50.476912 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 55.029999, "trend_reference": 49.742693, "distance_from_trend": 0.106293, "trend_direction": "Improving", "fair_value": 42.377976, "distance_from_fair_value": 0.298552, "fair_value_direction": "Improving", "relative_strength": -1.68536, "relative_strength_direction": "Improving", "price_momentum": 0.114742, "excess_performance": -0.05615, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.106293, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039069, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.298552, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.099424, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.016854, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.045105, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.114742, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.708326, "read": "Demand-led" } ], "volume": { "latest": 14435, "relative_activity": 0.691313, "balance": 2.708326, "dry_up": 1.1754, "accumulation_observations": 6, "distribution_observations": 1 }, "risk": { "range_context": 0.020464, "annualized_volatility": 0.151205, "from_high_reference": -0.000363, "from_low_reference": 0.265347 }, "levels": { "trend_reference": 49.742693, "fair_value_reference": 42.377976, "structural_low": 44.810001, 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.732374, "energy": 86.861245, "activity_lines": [ 52.1, 51.506364, 50.473957, 49.886217 ] }, { "date": "2026-07-31", "close": 53.02, "volume": 21374, "typical_volume": 21151.7, "trend": 49.539616, "fair_value": 42.249094, "relative_strength": -2.580724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.479564, "energy": 89.669803, "activity_lines": [ 52.516, 51.851454, 50.818309, 50.122694 ] }, { "date": "2026-08-07", "close": 55.029999, "volume": 14435, "typical_volume": 20880.55, "trend": 49.742693, "fair_value": 42.377976, "relative_strength": -1.68536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.985658, "energy": 96.328396, "activity_lines": [ 53.433999, 52.513091, 51.326238, 50.476912 ] } ], "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." } } }