{ "ticker": { "uuid": "44c51eee-4d8c-480b-bd84-02ba18fd7117", "symbol": "IWVL", "name": "iShares Edge MSCI World Value Factor UCITS ETF USD (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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 54.844, "architecture_energy": 47.182, "architecture_maturity": 69.595, "architecture_confidence": 94.055, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 28.34, "rotation_up": 36.57, "upward_expansion": 61.65, "deceleration": 91.16, "rotation_down": 27.9, "downward_expansion": 25.31 }, "activity_lines": [ 68.568, 68.801637, 67.318238, 64.722258 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 69.540001, "trend_reference": 61.407333, "distance_from_trend": 0.132438, "trend_direction": "Improving", "fair_value": 44.987949, "distance_from_fair_value": 0.545747, "fair_value_direction": "Improving", "relative_strength": 7.699504, "relative_strength_direction": "Weakening", "price_momentum": 0.24825, "excess_performance": 0.077358, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.132438, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.112462, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.545747, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.046802, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.076995, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.051285, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.24825, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.502639, "read": "Demand-led" } ], "volume": { "latest": 138189, "relative_activity": 0.720566, "balance": 2.502639, "dry_up": 0.779022, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.031028, "annualized_volatility": 0.148708, "from_high_reference": -0.015711, "from_low_reference": 0.573303 }, "levels": { "trend_reference": 61.407333, "fair_value_reference": 44.987949, "structural_low": 52.5, "invalidation": "A 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285509, "typical_volume": 203000.85, "trend": 59.185333, "fair_value": 44.138365, "relative_strength": 10.792244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.640405, "energy": 66.927478, "activity_lines": [ 69.476001, 68.908546, 65.25081, 62.582882 ] }, { "date": "2026-07-17", "close": 67.120003, "volume": 167023, "typical_volume": 199109.8, "trend": 59.725, "fair_value": 44.344167, "relative_strength": 8.897295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.46035, "energy": 58.9885, "activity_lines": [ 68.662001, 68.765092, 65.740096, 63.094796 ] }, { "date": "2026-07-24", "close": 68.769997, "volume": 156275, "typical_volume": 196781.0, "trend": 60.320333, "fair_value": 44.556474, "relative_strength": 11.272433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.656582, "energy": 52.889089, "activity_lines": [ 68.531333, 68.850364, 66.336619, 63.678344 ] }, { "date": "2026-07-31", "close": 67.82, "volume": 136111, "typical_volume": 193709.7, "trend": 60.859, "fair_value": 44.766474, "relative_strength": 8.552966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.589992, "energy": 45.255006, "activity_lines": [ 68.178, 68.681091, 66.776857, 64.162194 ] }, { "date": "2026-08-07", "close": 69.540001, "volume": 138189, "typical_volume": 191778.4, "trend": 61.407333, "fair_value": 44.987949, "relative_strength": 7.699504, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.844464, "energy": 47.181643, "activity_lines": [ 68.568, 68.801637, 67.318238, 64.722258 ] } ], "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." } } }