{ "ticker": { "uuid": "4b323633-5bb2-452e-bb73-20b9b451434c", "symbol": "HSPA", "name": "HSBC S&P 500 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 92.178, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 87.71, "architecture_energy": 69.304, "architecture_maturity": 94.285, "architecture_confidence": 72.698, "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": 21.76, "rotation_up": 57.02, "upward_expansion": 85.33, "deceleration": 68.65, "rotation_down": 29.58, "downward_expansion": 12.0 }, "activity_lines": [ 63.695332, 63.523817, 62.617476, 61.221849 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 65.019997, "trend_reference": 59.593333, "distance_from_trend": 0.091062, "trend_direction": "Improving", "fair_value": 50.605833, "distance_from_fair_value": 0.284832, "fair_value_direction": "Improving", "relative_strength": -3.351631, "relative_strength_direction": "Weakening", "price_momentum": 0.154679, "excess_performance": -0.016212, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091062, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039884, "read": "Rising" 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"close": 63.380001, "volume": 1251, "typical_volume": 2873.4, "trend": 58.911667, "fair_value": 50.128173, "relative_strength": -2.761784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.178444, "energy": 66.151046, "activity_lines": [ 63.517334, 63.220182, 61.670476, 60.351936 ] }, { "date": "2026-07-24", "close": 63.779999, "volume": 2, "typical_volume": 2871.1, "trend": 59.154667, "fair_value": 50.288333, "relative_strength": -1.926688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.155771, "energy": 72.389575, "activity_lines": [ 63.639334, 63.368182, 62.03081, 60.666022 ] }, { "date": "2026-07-31", "close": 62.099998, "volume": 4267, "typical_volume": 3084.45, "trend": 59.35, "fair_value": 50.437724, "relative_strength": -5.028873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.796552, "energy": 57.613152, "activity_lines": [ 63.161333, 63.176545, 62.198952, 60.856043 ] }, { "date": "2026-08-07", "close": 65.019997, "volume": 7176, "typical_volume": 3377.75, "trend": 59.593333, "fair_value": 50.605833, "relative_strength": -3.351631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.710457, "energy": 69.303691, "activity_lines": [ 63.695332, 63.523817, 62.617476, 61.221849 ] } ], "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." } } }