{ "ticker": { "uuid": "66ec5bb2-172b-443a-938d-4ea514510ff5", "symbol": "XDAX", "name": "Xtrackers DAX UCITS ETF 1C", "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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 52.11, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 81.981, "architecture_energy": 70.916, "architecture_maturity": 15.563, "architecture_confidence": 73.331, "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": 18.8, "rotation_up": 66.8, "upward_expansion": 87.92, "deceleration": 46.39, "rotation_down": 15.84, "downward_expansion": 14.59 }, "activity_lines": [ 239.093334, 236.911818, 233.786667, 231.273763 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 245.75, "trend_reference": 229.771666, "distance_from_trend": 0.06954, "trend_direction": "Improving", "fair_value": 196.729103, "distance_from_fair_value": 0.24918, "fair_value_direction": "Improving", "relative_strength": -7.654235, "relative_strength_direction": "Improving", "price_momentum": 0.061097, "excess_performance": -0.109795, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06954, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013535, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.24918, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.051657, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.076542, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.038603, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.061097, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.333348, "read": "Demand-led" } ], "volume": { "latest": 15395, "relative_activity": 0.27048, "balance": 1.333348, "dry_up": 0.44674, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.024838, "annualized_volatility": 0.183891, "from_high_reference": -0.003447, "from_low_reference": 0.199073 }, "levels": { "trend_reference": 229.771666, "fair_value_reference": 196.729103, "structural_low": 204.949997, 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"upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.950318, "energy": 46.34425, "activity_lines": [ 234.163331, 233.689999, 230.986904, 229.566129 ] }, { "date": "2026-07-31", "close": 239.350006, "volume": 15289, "typical_volume": 60798.0, "trend": 229.47, "fair_value": 196.113911, "relative_strength": -7.708393, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.03423, "energy": 43.508136, "activity_lines": [ 235.856667, 234.779091, 232.129286, 230.223441 ] }, { "date": "2026-08-07", "close": 245.75, "volume": 15395, "typical_volume": 56917.3, "trend": 229.771666, "fair_value": 196.729103, "relative_strength": -7.654235, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.981305, "energy": 70.916232, "activity_lines": [ 239.093334, 236.911818, 233.786667, 231.273763 ] } ], "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." } } }