{ "ticker": { "uuid": "33e160d0-853b-448c-9c62-cadaa69fc483", "symbol": "SWRD", "name": "State Street SPDR MSCI World 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.298, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.829, "architecture_energy": 68.828, "architecture_maturity": 79.734, "architecture_confidence": 65.494, "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": 13.12, "rotation_up": 55.29, "upward_expansion": 83.0, "deceleration": 71.13, "rotation_down": 28.38, "downward_expansion": 12.0 }, "activity_lines": [ 46.122999, 45.902636, 45.204261, 44.268871 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 47.044998, "trend_reference": 43.176, "distance_from_trend": 0.08961, "trend_direction": "Improving", "fair_value": 36.492468, "distance_from_fair_value": 0.28917, "fair_value_direction": "Improving", "relative_strength": -3.178218, "relative_strength_direction": "Weakening", "price_momentum": 0.143117, "excess_performance": -0.027774, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08961, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04162, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.28917, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.042113, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.031782, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002666, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.143117, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.369161, "read": "Demand-led" } ], "volume": { "latest": 184636, "relative_activity": 1.344954, "balance": 2.369161, "dry_up": 1.378681, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.017357, "annualized_volatility": 0.106152, "from_high_reference": -0.001486, "from_low_reference": 0.24244 }, "levels": { "trend_reference": 43.176, "fair_value_reference": 36.492468, "structural_low": 39.16, "invalidation": 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79.003426, "energy": 81.010237, "activity_lines": [ 45.496667, 45.175, 43.952047, 43.188408 ] }, { "date": "2026-07-10", "close": 46.119999, "volume": 270769, "typical_volume": 124468.0, "trend": 42.501833, "fair_value": 36.040897, "relative_strength": -3.456712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.744529, "energy": 85.829546, "activity_lines": [ 45.749666, 45.422909, 44.254547, 43.434236 ] }, { "date": "2026-07-17", "close": 45.654999, "volume": 268067, "typical_volume": 133201.05, "trend": 42.671666, "fair_value": 36.151955, "relative_strength": -2.987855, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.787931, "energy": 77.189555, "activity_lines": [ 45.778999, 45.525909, 44.491095, 43.637666 ] }, { "date": "2026-07-24", "close": 45.810001, "volume": 159985, "typical_volume": 132358.65, "trend": 42.840666, "fair_value": 36.261122, "relative_strength": -2.428173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.485547, "energy": 65.293379, "activity_lines": [ 45.810333, 45.621273, 44.722643, 43.84014 ] }, { "date": "2026-07-31", "close": 45.439999, "volume": 144376, "typical_volume": 135232.45, "trend": 42.999, "fair_value": 36.370994, "relative_strength": -3.781462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.279443, "energy": 60.262693, "activity_lines": [ 45.706333, 45.620909, 44.897881, 44.007838 ] }, { "date": "2026-08-07", "close": 47.044998, "volume": 184636, "typical_volume": 137280.5, "trend": 43.176, "fair_value": 36.492468, "relative_strength": -3.178218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.82903, "energy": 68.827699, "activity_lines": [ 46.122999, 45.902636, 45.204261, 44.268871 ] } ], "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." } } }