{ "ticker": { "uuid": "23c4d965-a985-45f7-9795-b57efd4a7a47", "symbol": "ISP", "name": "Intesa Sanpaolo S.p.A.", "exchange": "MIL", "country": "IT", "assetType": "equity" }, "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 91.017, "architecture_energy": 95.342, "architecture_maturity": 31.44, "architecture_confidence": 76.951, "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": 0.52, "rotation_up": 87.25, "upward_expansion": 99.84, "deceleration": 39.05, "rotation_down": 9.63, "downward_expansion": 21.84 }, "activity_lines": [ 6.566733, 6.3792, 6.096833, 5.898238 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 6.824, "trend_reference": 5.720033, "distance_from_trend": 0.193, "trend_direction": "Improving", "fair_value": 3.974151, "distance_from_fair_value": 0.717096, "fair_value_direction": "Improving", "relative_strength": 5.867392, "relative_strength_direction": "Improving", "price_momentum": 0.183008, "excess_performance": 0.012116, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.193, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043163, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.717096, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.165975, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.058674, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.101872, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.183008, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.354608, "read": "Demand-led" } ], "volume": { "latest": 270030928, "relative_activity": 1.278932, "balance": 5.354608, "dry_up": 1.217674, "accumulation_observations": 7, "distribution_observations": 1 }, "risk": { "range_context": 0.034303, "annualized_volatility": 0.278447, "from_high_reference": -0.006407, "from_low_reference": 0.466256 }, "levels": { "trend_reference": 5.720033, "fair_value_reference": 3.974151, "structural_low": 4.654029, "invalidation": "A sustained 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"2026-07-24", "close": 6.438, "volume": 244665879, "typical_volume": 218871744.95, "trend": 5.656908, "fair_value": 3.913396, "relative_strength": 3.836229, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.638354, "energy": 91.009306, "activity_lines": [ 6.2922, 6.152345, 5.9104, 5.766339 ] }, { "date": "2026-07-31", "close": 6.561, "volume": 261113290, "typical_volume": 216018024.6, "trend": 5.683652, "fair_value": 3.942669, "relative_strength": 4.920404, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.498847, "energy": 91.5668, "activity_lines": [ 6.405933, 6.250436, 5.994872, 5.824667 ] }, { "date": "2026-08-07", "close": 6.824, "volume": 270030928, "typical_volume": 211137786.8, "trend": 5.720033, "fair_value": 3.974151, "relative_strength": 5.867392, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.017319, "energy": 95.341818, "activity_lines": [ 6.566733, 6.3792, 6.096833, 5.898238 ] } ], "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." } } }