{ "ticker": { "uuid": "221e8c46-05de-401c-8318-fd46b58f0736", "symbol": "XZSP", "name": "Xtrackers S&P 500 Scored & Screened 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 82.061, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 89.338, "architecture_energy": 70.115, "architecture_maturity": 92.628, "architecture_confidence": 58.563, "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": 23.36, "rotation_up": 54.76, "upward_expansion": 83.0, "deceleration": 71.5, "rotation_down": 29.75, "downward_expansion": 12.0 }, "activity_lines": [ 60.594667, 60.439637, 59.52681, 58.213914 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 62.09, "trend_reference": 56.685, "distance_from_trend": 0.095352, "trend_direction": "Improving", "fair_value": 47.629487, "distance_from_fair_value": 0.303604, "fair_value_direction": "Improving", "relative_strength": -2.550554, "relative_strength_direction": "Weakening", "price_momentum": 0.147265, "excess_performance": -0.023626, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.095352, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042496, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.303604, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.039507, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025506, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.008512, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.147265, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.422804, "read": "Supply-led" } ], "volume": { "latest": 652, "relative_activity": 0.531442, "balance": 0.422804, "dry_up": 2.61931, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.014433, "annualized_volatility": 0.105892, "from_high_reference": -0.007195, "from_low_reference": 0.265722 }, "levels": { "trend_reference": 56.685, "fair_value_reference": 47.629487, "structural_low": 51.43, "invalidation": "A 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"activity_lines": [ 60.338666, 60.091636, 58.607905, 57.384108 ] }, { "date": "2026-07-24", "close": 59.740002, "volume": 10851, "typical_volume": 1213.2, "trend": 56.235667, "fair_value": 47.317179, "relative_strength": -2.916889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.961041, "energy": 65.315067, "activity_lines": [ 60.12, 60.082182, 58.866762, 57.62342 ] }, { "date": "2026-07-31", "close": 59.740002, "volume": 73, "typical_volume": 1196.35, "trend": 56.441667, "fair_value": 47.465801, "relative_strength": -3.499536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.047183, "energy": 55.663345, "activity_lines": [ 59.952001, 60.056728, 59.099858, 57.849506 ] }, { "date": "2026-08-07", "close": 62.09, "volume": 652, "typical_volume": 1226.85, "trend": 56.685, "fair_value": 47.629487, "relative_strength": -2.550554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.33803, "energy": 70.115041, "activity_lines": [ 60.594667, 60.439637, 59.52681, 58.213914 ] } ], "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." } } }