{
  "ticker": {
    "uuid": "500ca91f-8605-451b-920e-2d89f5db510d",
    "symbol": "MAGR",
    "name": "iShares Growth Portfolio 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": 68.727,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 65.868,
    "architecture_energy": 48.258,
    "architecture_maturity": 62.62,
    "architecture_confidence": 69.328,
    "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": 20.05,
        "rotation_up": 43.74,
        "upward_expansion": 65.31,
        "deceleration": 85.45,
        "rotation_down": 27.82,
        "downward_expansion": 24.31
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
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    "latest_close": 8.567,
    "trend_reference": 8.004633,
    "distance_from_trend": 0.070255,
    "trend_direction": "Improving",
    "fair_value": 6.93972,
    "distance_from_fair_value": 0.234488,
    "fair_value_direction": "Improving",
    "relative_strength": -4.795299,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.116949,
    "excess_performance": -0.053943,
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.070255,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.042827,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.234488,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.02295,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.047953,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.032849,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.116949,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.539129,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.978885,
      "balance": 0.539129,
      "dry_up": 0.96057,
      "accumulation_observations": 0,
      "distribution_observations": 2
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    "risk": {
      "range_context": 0.017276,
      "annualized_volatility": 0.115591,
      "from_high_reference": -0.003721,
      "from_low_reference": 0.216731
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    "levels": {
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      "fair_value_reference": 6.93972,
      "structural_low": 7.216,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 1,
        "median_return": 0.074563,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
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        "worst_return": 0.074563,
        "sufficient": false
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        "horizon": "Intermediate",
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        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
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        "sufficient": false
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        "horizon": "Extended",
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        "sufficient": false
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        "horizon": "Full cycle",
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        "color": "red",
        "start": "2025-05-23",
        "end": "2025-06-06",
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        "return": 0.025228,
        "active": false
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      {
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        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": 0.04069,
        "active": false
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-04-03",
        "tenure": "Extended",
        "return": 0.046915,
        "active": false
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        "color": "amber",
        "start": "2026-04-10",
        "end": "2026-04-24",
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        "return": 0.034735,
        "active": false
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-07-31",
        "tenure": "Established",
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        "active": false
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        "regime": "deceleration",
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        "end": "2026-08-07",
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        "return": 0.0,
        "active": true
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 37427.95,
        "trend": 7.949533,
        "fair_value": 6.918376,
        "relative_strength": -3.633427,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 53.751291,
        "energy": 55.040383,
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      },
      {
        "date": "2026-07-31",
        "close": 8.322,
        "volume": 52256,
        "typical_volume": 39084.05,
        "trend": 7.976233,
        "fair_value": 6.928261,
        "relative_strength": -4.891412,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.159914,
        "energy": 42.440371,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 8.567,
        "volume": 36798,
        "typical_volume": 37591.75,
        "trend": 8.004633,
        "fair_value": 6.93972,
        "relative_strength": -4.795299,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 65.867809,
        "energy": 48.257922,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}