{ "ticker": { "uuid": "458b0be7-3541-49a9-8ee2-ea7d6ad7d796", "symbol": "SMEA", "name": "iShares Core MSCI Europe 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 95.497, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.334, "architecture_energy": 72.644, "architecture_maturity": 39.64, "architecture_confidence": 80.799, "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": 8.57, "rotation_up": 64.2, "upward_expansion": 87.35, "deceleration": 52.12, "rotation_down": 21.85, "downward_expansion": 14.01 }, "activity_lines": [ 105.468, 104.751636, 102.811428, 101.20929 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 107.099998, "trend_reference": 99.551667, "distance_from_trend": 0.075823, "trend_direction": "Improving", "fair_value": 86.033162, "distance_from_fair_value": 0.244869, "fair_value_direction": "Improving", "relative_strength": -3.839893, "relative_strength_direction": "Improving", "price_momentum": 0.09554, "excess_performance": -0.075352, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.075823, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040566, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.244869, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.08049, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.038399, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.017893, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.09554, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.078274, "read": "Demand-led" } ], "volume": { "latest": 162435, "relative_activity": 1.035378, "balance": 2.078274, "dry_up": 1.056236, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.019708, "annualized_volatility": 0.143199, "from_high_reference": -0.005386, "from_low_reference": 0.246944 }, "levels": { "trend_reference": 99.551667, "fair_value_reference": 86.033162, "structural_low": 88.970001, 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100.604523, 99.521312 ] }, { "date": "2026-07-17", "close": 103.940002, "volume": 150293, "typical_volume": 179992.1, "trend": 98.479667, "fair_value": 85.591203, "relative_strength": -3.620067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.662747, "energy": 77.528507, "activity_lines": [ 104.149334, 103.212363, 101.079809, 99.896667 ] }, { "date": "2026-07-24", "close": 104.519997, "volume": 146445, "typical_volume": 169401.2, "trend": 98.85, "fair_value": 85.732463, "relative_strength": -2.833744, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.533046, "energy": 73.995623, "activity_lines": [ 104.342666, 103.637454, 101.594809, 100.286365 ] }, { "date": "2026-07-31", "close": 105.260002, "volume": 203656, "typical_volume": 159790.8, "trend": 99.204667, "fair_value": 85.877111, "relative_strength": -2.764217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.78216, "energy": 58.876165, "activity_lines": [ 104.673334, 104.068363, 102.140428, 100.699914 ] }, { "date": "2026-08-07", "close": 107.099998, "volume": 162435, "typical_volume": 156884.75, "trend": 99.551667, "fair_value": 86.033162, "relative_strength": -3.839893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.33432, "energy": 72.64415, "activity_lines": [ 105.468, 104.751636, 102.811428, 101.20929 ] } ], "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." } } }