{ "ticker": { "uuid": "54a29945-7a91-469d-9de8-c2f8913d465c", "symbol": "IUKP", "name": "iShares UK Property 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 74.024, "architecture_energy": 89.571, "architecture_maturity": 17.23, "architecture_confidence": 72.536, "architecture_tenure": "New", "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": 7.3, "rotation_up": 84.07, "upward_expansion": 99.88, "deceleration": 39.03, "rotation_down": 8.82, "downward_expansion": 21.88 }, "activity_lines": [ 5.436267, 5.306109, 5.070333, 4.967527 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 5.469, "trend_reference": 4.90328, "distance_from_trend": 0.115376, "trend_direction": "Improving", "fair_value": 4.732778, "distance_from_fair_value": 0.155558, "fair_value_direction": "Improving", "relative_strength": -1.402476, "relative_strength_direction": "Improving", "price_momentum": 0.09454, "excess_performance": -0.076352, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.115376, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037044, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.155558, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.148162, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.014025, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.102467, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.09454, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.820264, "read": "Demand-led" } ], "volume": { "latest": 47919, "relative_activity": 0.577901, "balance": 1.820264, "dry_up": 0.91431, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.031758, "annualized_volatility": 0.25235, "from_high_reference": -0.009419, "from_low_reference": 0.294674 }, "levels": { "trend_reference": 4.90328, "fair_value_reference": 4.732778, "structural_low": 4.255594, "invalidation": "A sustained 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"upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.642682, "energy": 90.440328, "activity_lines": [ 5.220667, 5.055732, 4.878868, 4.849122 ] }, { "date": "2026-07-24", "close": 5.479, "volume": 38214, "typical_volume": 90568.5, "trend": 4.859473, "fair_value": 4.719104, "relative_strength": 2.108189, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.452989, "energy": 93.17162, "activity_lines": [ 5.3332, 5.157709, 4.946669, 4.890912 ] }, { "date": "2026-07-31", "close": 5.463, "volume": 75776, "typical_volume": 85267.9, "trend": 4.884996, "fair_value": 4.725711, "relative_strength": 1.235546, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.374457, "energy": 91.093017, "activity_lines": [ 5.3932, 5.238309, 5.010184, 4.929849 ] }, { "date": "2026-08-07", "close": 5.469, "volume": 47919, "typical_volume": 82919.1, "trend": 4.90328, "fair_value": 4.732778, "relative_strength": -1.402476, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.023714, "energy": 89.571182, "activity_lines": [ 5.436267, 5.306109, 5.070333, 4.967527 ] } ], "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." } } }