{ "ticker": { "uuid": "578137d1-9b28-44d1-8327-3cf38e7123e2", "symbol": "SXLB", "name": "State Street SPDR S&P U.S. Materials Select Sector 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 62.505, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 54.261, "architecture_energy": 24.829, "architecture_maturity": 57.931, "architecture_confidence": 73.47, "architecture_tenure": "Developing", "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": 34.27, "rotation_up": 34.6, "upward_expansion": 60.89, "deceleration": 88.03, "rotation_down": 27.46, "downward_expansion": 15.56 }, "activity_lines": [ 44.567333, 44.662908, 44.387095, 44.13543 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 45.639999, "trend_reference": 43.776333, "distance_from_trend": 0.042572, "trend_direction": "Improving", "fair_value": 39.845032, "distance_from_fair_value": 0.145438, "fair_value_direction": "Improving", "relative_strength": -5.549877, "relative_strength_direction": "Weakening", "price_momentum": 0.058319, "excess_performance": -0.112573, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.042572, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.050006, "read": "Rising" 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"trend": 43.1055, "fair_value": 39.638782, "relative_strength": -6.455556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.276469, "energy": 70.312374, "activity_lines": [ 44.975999, 44.586454, 44.160381, 43.854925 ] }, { "date": "2026-07-17", "close": 44.325001, "volume": 2038, "typical_volume": 24555.05, "trend": 43.295333, "fair_value": 39.69266, "relative_strength": -5.520939, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.980017, "energy": 48.496251, "activity_lines": [ 44.775333, 44.601636, 44.203095, 43.933602 ] }, { "date": "2026-07-24", "close": 44.529999, "volume": 8536, "typical_volume": 22526.95, "trend": 43.485, "fair_value": 39.74125, "relative_strength": -4.765526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.689366, "energy": 35.208676, "activity_lines": [ 44.663333, 44.641545, 44.268809, 44.013258 ] }, { "date": "2026-07-31", "close": 43.369999, "volume": 19273, "typical_volume": 22670.6, "trend": 43.631333, "fair_value": 39.784295, "relative_strength": -7.709203, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.206969, "energy": 13.651133, "activity_lines": [ 44.177999, 44.447545, 44.220666, 44.005838 ] }, { "date": "2026-08-07", "close": 45.639999, "volume": 3423, "typical_volume": 22338.8, "trend": 43.776333, "fair_value": 39.845032, "relative_strength": -5.549877, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.261473, "energy": 24.829468, "activity_lines": [ 44.567333, 44.662908, 44.387095, 44.13543 ] } ], "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." } } }