{ "ticker": { "uuid": "22652c20-b39a-47c5-beb8-a8534ed75390", "symbol": "VEUR", "name": "Vanguard FTSE Developed Europe 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": 82.389, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 83.078, "architecture_energy": 78.265, "architecture_maturity": 23.503, "architecture_confidence": 76.076, "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": 8.92, "rotation_up": 67.94, "upward_expansion": 89.62, "deceleration": 49.11, "rotation_down": 18.91, "downward_expansion": 16.29 }, "activity_lines": [ 50.339334, 49.980901, 49.086732, 48.454012 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 51.139999, "trend_reference": 47.848812, "distance_from_trend": 0.068783, "trend_direction": "Improving", "fair_value": 40.419949, "distance_from_fair_value": 0.265217, "fair_value_direction": "Improving", "relative_strength": -4.802977, "relative_strength_direction": "Improving", "price_momentum": 0.076785, "excess_performance": -0.094107, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.068783, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035135, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.265217, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.065464, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.04803, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.01979, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.076785, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.314876, "read": "Demand-led" } ], "volume": { "latest": 22638, "relative_activity": 0.82591, "balance": 1.314876, "dry_up": 2.107279, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.018127, "annualized_volatility": 0.143373, "from_high_reference": -0.004284, "from_low_reference": 0.228849 }, "levels": { "trend_reference": 47.848812, "fair_value_reference": 40.419949, "structural_low": 43.18, 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"regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.327415, "energy": 75.943522, "activity_lines": [ 49.773, 49.437113, 48.536683, 48.059807 ] }, { "date": "2026-07-31", "close": 50.240002, "volume": 42471, "typical_volume": 28606.8, "trend": 47.707498, "fair_value": 40.304328, "relative_strength": -3.807173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.748975, "energy": 62.404737, "activity_lines": [ 49.944334, 49.6467, 48.778924, 48.232561 ] }, { "date": "2026-08-07", "close": 51.139999, "volume": 22638, "typical_volume": 27409.75, "trend": 47.848812, "fair_value": 40.419949, "relative_strength": -4.802977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.077977, "energy": 78.265136, "activity_lines": [ 50.339334, 49.980901, 49.086732, 48.454012 ] } ], "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." } } }