{ "ticker": { "uuid": "3e112910-55a1-41ec-954c-ebb760a237ac", "symbol": "IESE", "name": "iShares MSCI Europe SRI UCITS ETF EUR (Acc)", "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": 94.656, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.133, "architecture_energy": 67.74, "architecture_maturity": 49.147, "architecture_confidence": 80.762, "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": 7.01, "rotation_up": 58.71, "upward_expansion": 85.13, "deceleration": 56.81, "rotation_down": 27.1, "downward_expansion": 11.8 }, "activity_lines": [ 78.000002, 77.665637, 76.230619, 74.885979 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 79.300003, "trend_reference": 73.53, "distance_from_trend": 0.078471, "trend_direction": "Improving", "fair_value": 68.904679, "distance_from_fair_value": 0.150865, "fair_value_direction": "Improving", "relative_strength": -5.110431, "relative_strength_direction": "Improving", "price_momentum": 0.108936, "excess_performance": -0.061956, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.078471, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036062, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.150865, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.074713, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.051104, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.036658, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.108936, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.991076, "read": "Demand-led" } ], "volume": { "latest": 14555, "relative_activity": 1.309798, "balance": 1.991076, "dry_up": 1.061764, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.018159, "annualized_volatility": 0.152592, "from_high_reference": -0.002892, "from_low_reference": 0.218126 }, "levels": { "trend_reference": 73.53, "fair_value_reference": 68.904679, "structural_low": 65.099998, "invalidation": 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.153794, "energy": 76.994575, "activity_lines": [ 77.463335, 77.016728, 75.354333, 74.21514 ] }, { "date": "2026-07-31", "close": 77.459999, "volume": 12231, "typical_volume": 11570.05, "trend": 73.295, "fair_value": 68.78532, "relative_strength": -4.747445, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.613499, "energy": 58.140569, "activity_lines": [ 77.448667, 77.199273, 75.723428, 74.498559 ] }, { "date": "2026-08-07", "close": 79.300003, "volume": 14555, "typical_volume": 11112.4, "trend": 73.53, "fair_value": 68.904679, "relative_strength": -5.110431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.132716, "energy": 67.739674, "activity_lines": [ 78.000002, 77.665637, 76.230619, 74.885979 ] } ], "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." } } }