{ "ticker": { "uuid": "432ba058-c953-4220-8c7c-2eaa07681524", "symbol": "STNX", "name": "State Street SPDR MSCI Europe Energy 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 56.28, "architecture_energy": 48.52, "architecture_maturity": 35.436, "architecture_confidence": 58.546, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 27.72, "rotation_up": 70.03, "upward_expansion": 75.77, "deceleration": 63.68, "rotation_down": 10.84, "downward_expansion": 7.1 }, "activity_lines": [ 288.456669, 279.61091, 279.138334, 277.367528 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 285.850006, "trend_reference": 269.083334, "distance_from_trend": 0.06231, "trend_direction": "Improving", "fair_value": 212.486923, "distance_from_fair_value": 0.345259, "fair_value_direction": "Weakening", "relative_strength": 1.174483, "relative_strength_direction": "Weakening", "price_momentum": 0.238518, "excess_performance": 0.067626, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06231, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.084656, "read": "Rising" }, { "label": "Price 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"deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.980207, "energy": 34.032726, "activity_lines": [ 261.339997, 268.501817, 275.37881, 270.438065 ] }, { "date": "2026-07-17", "close": 280.75, "volume": 10734, "typical_volume": 10234.4, "trend": 261.100001, "fair_value": 210.402756, "relative_strength": 3.686725, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 13.170464, "energy": 25.459107, "activity_lines": [ 266.833331, 269.899999, 275.72, 271.860431 ] }, { "date": "2026-07-24", "close": 293.700012, "volume": 7758, "typical_volume": 9430.5, "trend": 263.890001, "fair_value": 211.124551, "relative_strength": 8.302377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.735077, "energy": 26.855588, "activity_lines": [ 276.826669, 273.564547, 277.142144, 273.963657 ] }, { "date": "2026-07-31", "close": 297.399994, "volume": 5338, "typical_volume": 9151.0, "trend": 266.600001, "fair_value": 211.854679, "relative_strength": 8.582881, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.522105, "energy": 46.690724, "activity_lines": [ 286.023334, 277.731818, 278.735477, 276.125592 ] }, { "date": "2026-08-07", "close": 285.850006, "volume": 5024, "typical_volume": 8574.0, "trend": 269.083334, "fair_value": 212.486923, "relative_strength": 1.174483, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.28045, "energy": 48.520303, "activity_lines": [ 288.456669, 279.61091, 279.138334, 277.367528 ] } ], "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." } } }