{ "ticker": { "uuid": "4b64335d-666a-4299-8350-936af1a30d15", "symbol": "NFRA", "name": "RIZE Glob Sust Infrastructure U", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 22.03, "architecture_energy": 11.869, "architecture_maturity": 27.848, "architecture_confidence": 48.89, "architecture_tenure": "Developing", "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": 48.42, "rotation_up": 39.36, "upward_expansion": 65.22, "deceleration": 58.76, "rotation_down": 22.29, "downward_expansion": 10.89 }, "activity_lines": [ 5.486564, 5.484559, 5.487133, 5.483535 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.166667 }, "latest_close": 5.454, "trend_reference": 5.459754, "distance_from_trend": -0.001054, "trend_direction": "Improving", "fair_value": 4.918865, "distance_from_fair_value": 0.108792, "fair_value_direction": "Weakening", "relative_strength": -10.778493, "relative_strength_direction": "Weakening", "price_momentum": 0.011686, "excess_performance": -0.159206, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.001054, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.02688, "read": "Rising" }, { "label": "Price vs 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5.506035, 5.481665, 5.488408, 5.47471 ] }, { "date": "2026-07-24", "close": 5.513, "volume": 661, "typical_volume": 883.85, "trend": 5.436686, "fair_value": 4.909016, "relative_strength": -6.864848, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 39.949376, "energy": 29.220595, "activity_lines": [ 5.515516, 5.488654, 5.491153, 5.480703 ] }, { "date": "2026-07-31", "close": 5.477, "volume": 847, "typical_volume": 926.2, "trend": 5.450419, "fair_value": 4.914087, "relative_strength": -7.946855, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 35.010171, "energy": 22.213181, "activity_lines": [ 5.504288, 5.488352, 5.490217, 5.483304 ] }, { "date": "2026-08-07", "close": 5.454, "volume": 1444, "typical_volume": 969.85, "trend": 5.459754, "fair_value": 4.918865, "relative_strength": -10.778493, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.029916, "energy": 11.868831, "activity_lines": [ 5.486564, 5.484559, 5.487133, 5.483535 ] } ], "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." } } }