{ "ticker": { "uuid": "67621a12-6411-4699-a1ec-4625ae30e417", "symbol": "SJPA", "name": "iShares Core MSCI Japan IMI UCITS ETF USD (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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 62.285, "architecture_energy": 36.933, "architecture_maturity": 57.9, "architecture_confidence": 77.422, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 22.95, "rotation_up": 40.59, "upward_expansion": 66.26, "deceleration": 85.43, "rotation_down": 26.79, "downward_expansion": 16.26 }, "activity_lines": [ 70.209334, 70.242727, 69.166762, 67.934559 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 72.040001, "trend_reference": 66.448, "distance_from_trend": 0.084156, "trend_direction": "Improving", "fair_value": 54.159423, "distance_from_fair_value": 0.330147, "fair_value_direction": "Improving", "relative_strength": -1.417342, "relative_strength_direction": "Weakening", "price_momentum": 0.120896, "excess_performance": -0.049995, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084156, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.058033, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.330147, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.043489, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.014173, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.020294, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.120896, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.858434, "read": "Demand-led" } ], "volume": { "latest": 67268, "relative_activity": 1.169573, "balance": 1.858434, "dry_up": 1.357711, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.030357, "annualized_volatility": 0.190344, "from_high_reference": -0.000278, "from_low_reference": 0.305072 }, "levels": { "trend_reference": 66.448, "fair_value_reference": 54.159423, "structural_low": 59.810001, "invalidation": "A 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{ "date": "2026-07-31", "close": 69.160004, "volume": 70202, "typical_volume": 57601.5, "trend": 66.114667, "fair_value": 53.979006, "relative_strength": -2.544009, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.407572, "energy": 29.184901, "activity_lines": [ 69.490667, 69.819091, 68.703143, 67.55228 ] }, { "date": "2026-08-07", "close": 72.040001, "volume": 67268, "typical_volume": 57515.0, "trend": 66.448, "fair_value": 54.159423, "relative_strength": -1.417342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.284718, "energy": 36.932724, "activity_lines": [ 70.209334, 70.242727, 69.166762, 67.934559 ] } ], "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." } } }