{ "ticker": { "uuid": "355b2188-156d-454e-8010-f5b63010103a", "symbol": "VHVE", "name": "Vanguard FTSE Developed World UCITS ETF USD Accumulation", "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": 92.928, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.305, "architecture_energy": 62.301, "architecture_maturity": 90.506, "architecture_confidence": 62.754, "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": 23.01, "rotation_up": 50.81, "upward_expansion": 81.83, "deceleration": 71.44, "rotation_down": 29.34, "downward_expansion": 10.83 }, "activity_lines": [ 131.059999, 130.751634, 128.883427, 126.10516 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 133.550003, "trend_reference": 122.794666, "distance_from_trend": 0.087588, "trend_direction": "Improving", "fair_value": 102.774551, "distance_from_fair_value": 0.299446, "fair_value_direction": "Improving", "relative_strength": -2.867704, "relative_strength_direction": "Weakening", "price_momentum": 0.147041, "excess_performance": -0.023851, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.087588, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.046483, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.299446, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.032376, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.028677, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.0132, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.147041, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.663558, "read": "Demand-led" } ], "volume": { "latest": 27693, "relative_activity": 0.490446, "balance": 1.663558, "dry_up": 1.357241, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.018691, "annualized_volatility": 0.112144, "from_high_reference": -0.003135, "from_low_reference": 0.255051 }, "levels": { "trend_reference": 122.794666, "fair_value_reference": 102.774551, 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"modifier": "Re-accelerating", "gate": "up", "direction": 75.688496, "energy": 83.585542, "activity_lines": [ 130.875997, 129.916908, 126.314571, 123.744817 ] }, { "date": "2026-07-17", "close": 129.789993, "volume": 160289, "typical_volume": 64588.1, "trend": 121.259666, "fair_value": 101.793846, "relative_strength": -2.47119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.778129, "energy": 66.132383, "activity_lines": [ 130.661995, 130.076543, 126.962618, 124.328967 ] }, { "date": "2026-07-24", "close": 130.229996, "volume": 49074, "typical_volume": 58621.9, "trend": 121.783333, "fair_value": 102.109167, "relative_strength": -1.932469, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.738395, "energy": 63.033325, "activity_lines": [ 130.511995, 130.225997, 127.59676, 124.907698 ] }, { "date": "2026-07-31", "close": 129.059998, "volume": 69490, "typical_volume": 56908.25, "trend": 122.265999, "fair_value": 102.425577, "relative_strength": -3.403497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.461809, "energy": 51.047209, "activity_lines": [ 130.019996, 130.08927, 128.05776, 125.37716 ] }, { "date": "2026-08-07", "close": 133.550003, "volume": 27693, "typical_volume": 56464.9, "trend": 122.794666, "fair_value": 102.774551, "relative_strength": -2.867704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.305053, "energy": 62.300568, "activity_lines": [ 131.059999, 130.751634, 128.883427, 126.10516 ] } ], "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." } } }