{ "ticker": { "uuid": "211c0f45-ed02-47a7-9660-21d9ed8843e8", "symbol": "VPN", "name": "Global X Data Center REITS & Digital Infrastructure 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": 80.342, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 5.294, "architecture_energy": 21.936, "architecture_maturity": 66.043, "architecture_confidence": 88.339, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 60.5, "rotation_up": 15.37, "upward_expansion": 42.24, "deceleration": 87.93, "rotation_down": 42.31, "downward_expansion": 33.91 }, "activity_lines": [ 22.216667, 22.778818, 23.038848, 22.401181 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 22.25, "trend_reference": 21.4346, "distance_from_trend": 0.038041, "trend_direction": "Improving", "fair_value": 15.005115, "distance_from_fair_value": 0.482828, "fair_value_direction": "Weakening", "relative_strength": 0.703478, "relative_strength_direction": "Weakening", "price_momentum": 0.197138, "excess_performance": 0.026246, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.038041, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.121817, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.482828, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.181804, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.007035, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.213365, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.197138, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.354588, "read": "Demand-led" } ], "volume": { "latest": 144047, "relative_activity": 1.822066, "balance": 2.354588, "dry_up": 1.119652, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.053863, "annualized_volatility": 0.273728, "from_high_reference": -0.117239, "from_low_reference": 0.584532 }, "levels": { "trend_reference": 21.4346, "fair_value_reference": 15.005115, "structural_low": 18.33, "invalidation": "A 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"direction": 63.417616, "energy": 58.134349, "activity_lines": [ 24.082334, 24.074455, 22.951824, 21.937516 ] }, { "date": "2026-07-10", "close": 23.139999, "volume": 106415, "typical_volume": 73662.3, "trend": 20.702533, "fair_value": 14.716897, "relative_strength": 8.141507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.788756, "energy": 43.207828, "activity_lines": [ 23.692667, 23.952182, 23.073933, 22.109581 ] }, { "date": "2026-07-17", "close": 21.700001, "volume": 81526, "typical_volume": 73012.1, "trend": 20.894733, "fair_value": 14.786615, "relative_strength": 2.606704, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.363134, "energy": 26.927977, "activity_lines": [ 22.915334, 23.547818, 23.042253, 22.173933 ] }, { "date": "2026-07-24", "close": 22.860001, "volume": 66650, "typical_volume": 73522.75, "trend": 21.1256, "fair_value": 14.861923, "relative_strength": 7.876933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.446092, "energy": 30.552531, "activity_lines": [ 22.716, 23.382182, 23.110334, 22.300725 ] }, { "date": "2026-07-31", "close": 21.719999, "volume": 61842, "typical_volume": 74471.2, "trend": 21.287333, "fair_value": 14.931244, "relative_strength": 1.521458, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.194062, "energy": 20.539262, "activity_lines": [ 22.29, 23.014, 23.053938, 22.339073 ] }, { "date": "2026-08-07", "close": 22.25, "volume": 144047, "typical_volume": 79056.95, "trend": 21.4346, "fair_value": 15.005115, "relative_strength": 0.703478, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.293851, "energy": 21.936082, "activity_lines": [ 22.216667, 22.778818, 23.038848, 22.401181 ] } ], "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." } } }