{ "ticker": { "uuid": "6755608b-0080-4dd1-9fe1-9fcceebf6f5a", "symbol": "EMUAA", "name": "UBS Core MSCI EMU UCITS ETF EUR acc", "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": "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": 80.394, "architecture_energy": 61.161, "architecture_maturity": 55.461, "architecture_confidence": 68.327, "architecture_tenure": "Established", "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": 13.46, "rotation_up": 53.62, "upward_expansion": 80.89, "deceleration": 66.6, "rotation_down": 26.91, "downward_expansion": 9.89 }, "activity_lines": [ 42.802667, 42.623364, 41.811048, 41.032086 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 43.695, "trend_reference": 40.2215, "distance_from_trend": 0.086359, "trend_direction": "Improving", "fair_value": 33.136603, "distance_from_fair_value": 0.318632, "fair_value_direction": "Improving", "relative_strength": -2.991565, "relative_strength_direction": "Improving", "price_momentum": 0.11056, "excess_performance": -0.060331, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086359, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043314, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.318632, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.070614, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.029916, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.021841, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.11056, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.703552, "read": "Demand-led" } ], "volume": { "latest": 26856, "relative_activity": 0.491044, "balance": 1.703552, "dry_up": 0.783927, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.022358, "annualized_volatility": 0.16267, "from_high_reference": -0.003307, "from_low_reference": 0.263226 }, "levels": { "trend_reference": 40.2215, "fair_value_reference": 33.136603, "structural_low": 35.57, "invalidation": "A 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40.652381, 40.123129 ] }, { "date": "2026-07-10", "close": 42.380001, "volume": 73776, "typical_volume": 61495.75, "trend": 39.629, "fair_value": 32.734006, "relative_strength": -4.308195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.709546, "energy": 82.40783, "activity_lines": [ 42.563001, 42.016728, 40.889191, 40.311538 ] }, { "date": "2026-07-17", "close": 41.990002, "volume": 38748, "typical_volume": 60530.4, "trend": 39.7705, "fair_value": 32.829808, "relative_strength": -3.725942, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.978744, "energy": 65.119055, "activity_lines": [ 42.407334, 42.113728, 41.078834, 40.463861 ] }, { "date": "2026-07-24", "close": 42.314999, "volume": 40342, "typical_volume": 56272.85, "trend": 39.926834, "fair_value": 32.925064, "relative_strength": -2.731933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.836595, "energy": 55.093534, "activity_lines": [ 42.353667, 42.229455, 41.291738, 40.628022 ] }, { "date": "2026-07-31", "close": 42.564999, "volume": 65551, "typical_volume": 56732.0, "trend": 40.070167, "fair_value": 33.026859, "relative_strength": -2.773439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.248041, "energy": 49.884215, "activity_lines": [ 42.404333, 42.338909, 41.508929, 40.798226 ] }, { "date": "2026-08-07", "close": 43.695, "volume": 26856, "typical_volume": 54691.65, "trend": 40.2215, "fair_value": 33.136603, "relative_strength": -2.991565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.394339, "energy": 61.160572, "activity_lines": [ 42.802667, 42.623364, 41.811048, 41.032086 ] } ], "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." } } }