{ "ticker": { "uuid": "65ecec04-33e6-4223-a4ab-bb4c62e6874e", "symbol": "FTSEMIB.MI", "name": "FTSE MIB", "exchange": "INDEXES", "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": "SPY", "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": 80.099, "architecture_energy": 61.907, "architecture_maturity": 100.0, "architecture_confidence": 77.952, "architecture_tenure": "Extended", "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": 8.92, "rotation_up": 55.16, "upward_expansion": 83.65, "deceleration": 67.86, "rotation_down": 28.07, "downward_expansion": 10.32 }, "activity_lines": [ 52604.066667, 52374.363636, 51287.214286, 49981.290323 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 53717.0, "trend_reference": 48410.3, "distance_from_trend": 0.109619, "trend_direction": "Improving", "fair_value": 38124.903846, "distance_from_fair_value": 0.408974, "fair_value_direction": "Improving", "relative_strength": 3.859639, "relative_strength_direction": "Improving", "price_momentum": 0.170892, "excess_performance": 0.045267, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.109619, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05843, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.408974, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.046052, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.038596, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.02742, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.170892, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.523902, "read": "Demand-led" } ], "volume": { "latest": 1398605900, "relative_activity": 0.99964, "balance": 1.523902, "dry_up": 0.972327, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.025805, "annualized_volatility": 0.183238, "from_high_reference": -0.006014, "from_low_reference": 0.298767 }, "levels": { "trend_reference": 48410.3, "fair_value_reference": 38124.903846, 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37961.814103, "relative_strength": 4.519115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.655955, "energy": 53.302246, "activity_lines": [ 52117.733333, 52004.563636, 50880.704762, 49621.722581 ] }, { "date": "2026-08-07", "close": 53717.0, "volume": 1398605900, "typical_volume": 1399110030.0, "trend": 48410.3, "fair_value": 38124.903846, "relative_strength": 3.859639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.098974, "energy": 61.907255, "activity_lines": [ 52604.066667, 52374.363636, 51287.214286, 49981.290323 ] } ], "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." } } }