{ "ticker": { "uuid": "1c7d438d-cb17-41f3-a0c6-9c744478a5f1", "symbol": "XLPE", "name": "Xtrackers LPX Private Equity Swap UCITS ETF 1C", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 82.084, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 58.048, "architecture_energy": 70.644, "architecture_maturity": 7.414, "architecture_confidence": 61.848, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 22.69, "rotation_up": 74.38, "upward_expansion": 61.59, "deceleration": 23.85, "rotation_down": 16.25, "downward_expansion": 22.26 }, "activity_lines": [ 114.609997, 112.14218, 110.864523, 110.249849 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 118.949997, "trend_reference": 111.410333, "distance_from_trend": 0.067675, "trend_direction": "Weakening", "fair_value": 121.118654, "distance_from_fair_value": -0.017905, "fair_value_direction": "Improving", "relative_strength": -14.311453, "relative_strength_direction": "Improving", "price_momentum": 0.032911, "excess_performance": -0.137981, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.067675, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.041643, "read": "Falling" 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107.741334, 108.561819, 108.466906, 110.08456 ] }, { "date": "2026-07-10", "close": 109.57, "volume": 12723, "typical_volume": 13154.65, "trend": 113.256667, "fair_value": 120.564551, "relative_strength": -22.142956, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.62772, "energy": 25.718002, "activity_lines": [ 108.304667, 108.623273, 108.604429, 109.810087 ] }, { "date": "2026-07-17", "close": 112.339996, "volume": 43607, "typical_volume": 14053.95, "trend": 112.779333, "fair_value": 120.689615, "relative_strength": -18.289877, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.28013, "energy": 4.469582, "activity_lines": [ 109.652666, 109.208182, 109.026334, 109.750947 ] }, { "date": "2026-07-24", "close": 112.449997, "volume": 7328, "typical_volume": 14038.5, "trend": 112.29, "fair_value": 120.812372, "relative_strength": -17.357957, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.330646, "energy": 14.953857, "activity_lines": [ 110.877332, 109.800726, 109.43681, 109.729699 ] }, { "date": "2026-07-31", "close": 113.199997, "volume": 10300, "typical_volume": 13309.95, "trend": 111.797667, "fair_value": 120.943333, "relative_strength": -16.689115, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.54729, "energy": 37.286582, "activity_lines": [ 112.038664, 110.476726, 109.900476, 109.788409 ] }, { "date": "2026-08-07", "close": 118.949997, "volume": 10782, "typical_volume": 12686.9, "trend": 111.410333, "fair_value": 121.118654, "relative_strength": -14.311453, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 58.048374, "energy": 70.643905, "activity_lines": [ 114.609997, 112.14218, 110.864523, 110.249849 ] } ], "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." } } }