{ "ticker": { "uuid": "60ebd79a-f3e7-4a03-acb1-45c3b096fb0a", "symbol": "SPXJ", "name": "iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)", "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": 82.385, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 91.511, "architecture_energy": 96.561, "architecture_maturity": 13.811, "architecture_confidence": 61.969, "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": 15.84, "rotation_up": 86.89, "upward_expansion": 97.67, "deceleration": 41.83, "rotation_down": 8.03, "downward_expansion": 22.0 }, "activity_lines": [ 49.765406, 48.826583, 48.157622, 47.7846 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 50.68, "trend_reference": 47.2481, "distance_from_trend": 0.072636, "trend_direction": "Improving", "fair_value": 40.898028, "distance_from_fair_value": 0.23918, "fair_value_direction": "Improving", "relative_strength": -4.71924, "relative_strength_direction": "Weakening", "price_momentum": 0.104478, "excess_performance": -0.066414, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.072636, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035409, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.23918, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.040554, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.047192, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.000414, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.104478, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.933847, "read": "Demand-led" } ], "volume": { "latest": 742, "relative_activity": 0.170191, "balance": 1.933847, "dry_up": 0.324728, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.014509, "annualized_volatility": 0.119888, "from_high_reference": 0.0, "from_low_reference": 0.212002 }, "levels": { "trend_reference": 47.2481, "fair_value_reference": 40.898028, "structural_low": 44.937724, "invalidation": "A 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40.545914, "relative_strength": -8.040249, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.284497, "energy": 40.94755, "activity_lines": [ 47.458019, 47.291987, 47.256672, 47.034865 ] }, { "date": "2026-07-17", "close": 48.75, "volume": 580, "typical_volume": 5523.75, "trend": 46.640972, "fair_value": 40.630271, "relative_strength": -5.591347, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.343945, "energy": 71.529324, "activity_lines": [ 47.973899, 47.552409, 47.408692, 47.183038 ] }, { "date": "2026-07-24", "close": 49.235001, "volume": 3071, "typical_volume": 4816.05, "trend": 46.823599, "fair_value": 40.711184, "relative_strength": -4.34636, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.185574, "energy": 86.235386, "activity_lines": [ 48.484239, 47.883467, 47.604871, 47.350394 ] }, { "date": "2026-07-31", "close": 49.904999, "volume": 1270, "typical_volume": 4540.0, "trend": 47.031207, "fair_value": 40.796392, "relative_strength": -3.556925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.404895, "energy": 92.919124, "activity_lines": [ 49.08915, 48.305798, 47.852457, 47.549194 ] }, { "date": "2026-08-07", "close": 50.68, "volume": 742, "typical_volume": 4359.8, "trend": 47.2481, "fair_value": 40.898028, "relative_strength": -4.71924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.511085, "energy": 96.560815, "activity_lines": [ 49.765406, 48.826583, 48.157622, 47.7846 ] } ], "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." } } }