{ "ticker": { "uuid": "29a6d28f-20b4-4452-ac20-0e6863d2794d", "symbol": "XNZW", "name": "Xtrackers World Net Zero Pathway Paris Aligned 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 78.858, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.705, "architecture_energy": 70.655, "architecture_maturity": 71.895, "architecture_confidence": 72.625, "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": 17.05, "rotation_up": 59.09, "upward_expansion": 85.33, "deceleration": 67.57, "rotation_down": 28.83, "downward_expansion": 12.0 }, "activity_lines": [ 58.034, 57.818546, 56.912572, 55.817635 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 58.59, "trend_reference": 54.583333, "distance_from_trend": 0.073405, "trend_direction": "Improving", "fair_value": 47.257757, "distance_from_fair_value": 0.239796, "fair_value_direction": "Improving", "relative_strength": -5.345924, "relative_strength_direction": "Weakening", "price_momentum": 0.116213, "excess_performance": -0.054679, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073405, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034768, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.239796, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.020938, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.053459, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.017226, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.116213, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 62.0, "read": "Demand-led" } ], "volume": { "latest": 3, "relative_activity": 0.085227, "balance": 62.0, "dry_up": 0.866477, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.013378, "annualized_volatility": 0.128821, "from_high_reference": -0.003063, "from_low_reference": 0.195592 }, "levels": { "trend_reference": 54.583333, "fair_value_reference": 47.257757, "structural_low": 49.52, "invalidation": 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53.651333, 53.21628 ] }, { "date": "2026-06-05", "close": 57.540001, "volume": 0, "typical_volume": 898.25, "trend": 52.920334, "fair_value": 46.106379, "relative_strength": -1.207703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.789888, "energy": 96.188826, "activity_lines": [ 56.716001, 55.561637, 54.07381, 53.525355 ] }, { "date": "2026-06-12", "close": 56.0, "volume": 0, "typical_volume": 898.25, "trend": 53.04, "fair_value": 46.225417, "relative_strength": -6.680406, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.370831, "energy": 84.257989, "activity_lines": [ 56.604667, 55.848728, 54.329953, 53.724043 ] }, { "date": "2026-06-19", "close": 56.0, "volume": 0, "typical_volume": 474.85, "trend": 53.194334, "fair_value": 46.344456, "relative_strength": -8.868587, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.770139, "energy": 67.336489, "activity_lines": [ 56.465334, 56.040182, 54.573762, 53.915011 ] }, { "date": "2026-06-26", "close": 57.43, "volume": 0, "typical_volume": 424.7, "trend": 53.370334, "fair_value": 46.47202, "relative_strength": -3.563726, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.346354, "energy": 72.369635, "activity_lines": [ 56.774667, 56.414546, 54.933762, 54.18828 ] }, { "date": "2026-07-03", "close": 58.419998, "volume": 0, "typical_volume": 424.7, "trend": 53.570667, "fair_value": 46.607661, "relative_strength": -4.670351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.547074, "energy": 74.547072, "activity_lines": [ 57.290666, 56.865818, 55.364524, 54.514065 ] }, { "date": "2026-07-10", "close": 57.73, "volume": 2, "typical_volume": 74.8, "trend": 53.748, "fair_value": 46.738879, "relative_strength": -5.287841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.3491, "energy": 74.320454, "activity_lines": [ 57.507999, 57.113818, 55.701333, 54.782409 ] }, { "date": "2026-07-17", "close": 58.77, "volume": 116, "typical_volume": 80.55, "trend": 53.98, "fair_value": 46.872148, "relative_strength": -2.132144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.312442, "energy": 88.721907, "activity_lines": [ 58.059333, 57.485636, 56.110714, 55.106409 ] }, { "date": "2026-07-24", "close": 57.470001, "volume": 3, "typical_volume": 80.65, "trend": 54.168667, "fair_value": 46.997084, "relative_strength": -4.024763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.77049, "energy": 77.885249, "activity_lines": [ 57.992667, 57.563091, 56.366095, 55.33157 ] }, { "date": "2026-07-31", "close": 57.470001, "volume": 0, "typical_volume": 35.05, "trend": 54.357333, "fair_value": 47.123334, "relative_strength": -4.533809, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.753116, "energy": 64.976685, "activity_lines": [ 57.828, 57.606182, 56.598714, 55.544559 ] }, { "date": "2026-08-07", "close": 58.59, "volume": 3, "typical_volume": 35.2, "trend": 54.583333, "fair_value": 47.257757, "relative_strength": -5.345924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.704609, "energy": 70.655309, "activity_lines": [ 58.034, 57.818546, 56.912572, 55.817635 ] } ], "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." } } }