{ "ticker": { "uuid": "697a7ce7-7e15-4b8a-8345-cac85a43e541", "symbol": "IUKD", "name": "iShares UK Dividend UCITS ETF GBP (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": 91.868, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 80.787, "architecture_energy": 92.034, "architecture_maturity": 18.284, "architecture_confidence": 65.177, "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": 4.15, "rotation_up": 86.14, "upward_expansion": 99.94, "deceleration": 39.01, "rotation_down": 8.36, "downward_expansion": 21.94 }, "activity_lines": [ 12.1544, 11.935892, 11.658533, 11.526996 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 12.282, "trend_reference": 11.387446, "distance_from_trend": 0.078556, "trend_direction": "Improving", "fair_value": 8.714055, "distance_from_fair_value": 0.409447, "fair_value_direction": "Improving", "relative_strength": -2.138443, "relative_strength_direction": "Improving", "price_momentum": 0.079184, "excess_performance": -0.091708, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.078556, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04472, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.409447, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.070536, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.021384, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.022616, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.079184, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.889576, "read": "Supply-led" } ], "volume": { "latest": 14398, "relative_activity": 0.311196, "balance": 0.889576, "dry_up": 0.418028, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.021237, "annualized_volatility": 0.14712, "from_high_reference": 0.0, "from_low_reference": 0.314018 }, "levels": { "trend_reference": 11.387446, "fair_value_reference": 8.714055, "structural_low": 10.416, "invalidation": "A 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11.415713, 11.351548 ] }, { "date": "2026-07-24", "close": 12.092, "volume": 38710, "typical_volume": 49110.05, "trend": 11.284955, "fair_value": 8.642029, "relative_strength": -0.119437, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.424367, "energy": 88.219567, "activity_lines": [ 11.917733, 11.70611, 11.491431, 11.407102 ] }, { "date": "2026-07-31", "close": 12.198, "volume": 10952, "typical_volume": 46886.3, "trend": 11.336693, "fair_value": 8.677582, "relative_strength": 0.054965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.022801, "energy": 91.544424, "activity_lines": [ 12.0448, 11.82028, 11.573373, 11.466008 ] }, { "date": "2026-08-07", "close": 12.282, "volume": 14398, "typical_volume": 46266.6, "trend": 11.387446, "fair_value": 8.714055, "relative_strength": -2.138443, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.787474, "energy": 92.034422, "activity_lines": [ 12.1544, 11.935892, 11.658533, 11.526996 ] } ], "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." } } }