{ "ticker": { "uuid": "5477194f-bf54-4738-b11f-9856faf3c70f", "symbol": "CSEMU", "name": "iShares VII PLC -iShares Core MSCI EMU 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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 79.455, "architecture_energy": 59.826, "architecture_maturity": 54.597, "architecture_confidence": 68.541, "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": 13.46, "rotation_up": 53.4, "upward_expansion": 80.5, "deceleration": 66.53, "rotation_down": 26.61, "downward_expansion": 9.5 }, "activity_lines": [ 246.708664, 245.667272, 241.008905, 236.537355 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 251.789993, "trend_reference": 231.891667, "distance_from_trend": 0.085809, "trend_direction": "Improving", "fair_value": 191.112501, "distance_from_fair_value": 0.317496, "fair_value_direction": "Improving", "relative_strength": -3.040861, "relative_strength_direction": "Improving", "price_momentum": 0.110675, "excess_performance": -0.060217, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.085809, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043151, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.317496, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.068078, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.030409, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.020091, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.110675, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.223572, "read": "Demand-led" } ], "volume": { "latest": 33308, "relative_activity": 0.855093, "balance": 2.223572, "dry_up": 1.083826, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.023188, "annualized_volatility": 0.163527, "from_high_reference": -0.005254, "from_low_reference": 0.263625 }, "levels": { "trend_reference": 231.891667, "fair_value_reference": 191.112501, "structural_low": 205.0, 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244.400001, 242.718547, 236.807477, 233.278216 ] }, { "date": "2026-07-24", "close": 243.880005, "volume": 48810, "typical_volume": 40134.05, "trend": 230.208667, "fair_value": 189.897949, "relative_strength": -2.764485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.566818, "energy": 54.132741, "activity_lines": [ 244.099336, 243.388002, 238.027811, 234.217829 ] }, { "date": "2026-07-31", "close": 245.399994, "volume": 48117, "typical_volume": 39515.9, "trend": 231.028667, "fair_value": 190.482693, "relative_strength": -2.774112, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.007244, "energy": 48.998704, "activity_lines": [ 244.434, 244.038001, 239.279905, 235.197914 ] }, { "date": "2026-08-07", "close": 251.789993, "volume": 33308, "typical_volume": 38952.5, "trend": 231.891667, "fair_value": 191.112501, "relative_strength": -3.040861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.454816, "energy": 59.825825, "activity_lines": [ 246.708664, 245.667272, 241.008905, 236.537355 ] } ], "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." } } }