{ "ticker": { "uuid": "6bc1c122-2692-48a9-b511-899a0a7f4c7c", "symbol": "ADB", "name": "Aeroporto Guglielmo Marconi di Bologna S.p.A.", "exchange": "MIL", "country": "IT", "assetType": "equity" }, "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 51.407, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 24.725, "architecture_energy": 48.435, "architecture_maturity": 8.534, "architecture_confidence": 62.257, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 32.17, "rotation_up": 64.01, "upward_expansion": 51.77, "deceleration": 20.16, "rotation_down": 16.01, "downward_expansion": 24.43 }, "activity_lines": [ 9.977333, 9.815273, 9.513721, 9.533245 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 9.98, "trend_reference": 9.673555, "distance_from_trend": 0.031679, "trend_direction": "Improving", "fair_value": 7.946029, "distance_from_fair_value": 0.255973, "fair_value_direction": "Improving", "relative_strength": -8.050182, "relative_strength_direction": "Improving", "price_momentum": -0.090479, "excess_performance": -0.26137, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.031679, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013233, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.255973, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.098822, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.080502, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.036356, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.090479, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.377896, "read": "Demand-led" } ], "volume": { "latest": 42807, "relative_activity": 0.766109, "balance": 2.377896, "dry_up": 0.55754, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.045398, "annualized_volatility": 0.254166, "from_high_reference": -0.153588, "from_low_reference": 0.283235 }, "levels": { "trend_reference": 9.673555, "fair_value_reference": 7.946029, "structural_low": 8.527987, "invalidation": "A 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9.481448 ] }, { "date": "2026-07-24", "close": 9.92, "volume": 22397, "typical_volume": 60929.25, "trend": 9.671823, "fair_value": 7.911419, "relative_strength": -5.381141, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.77373, "energy": 52.195558, "activity_lines": [ 9.9, 9.667636, 9.386521, 9.498715 ] }, { "date": "2026-07-31", "close": 9.9, "volume": 21227, "typical_volume": 58714.35, "trend": 9.67296, "fair_value": 7.928355, "relative_strength": -6.130409, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.040525, "energy": 54.330714, "activity_lines": [ 9.941333, 9.741455, 9.446737, 9.513436 ] }, { "date": "2026-08-07", "close": 9.98, "volume": 42807, "typical_volume": 55875.85, "trend": 9.673555, "fair_value": 7.946029, "relative_strength": -8.050182, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.725498, "energy": 48.434792, "activity_lines": [ 9.977333, 9.815273, 9.513721, 9.533245 ] } ], "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." } } }