{ "ticker": { "uuid": "6ffdc81d-b3a0-49ca-858b-ecaa12bdfe47", "symbol": "EJPY", "name": "iShares MSCI Japan CTB Enhanced ESG 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": 63.555, "architecture_energy": 39.653, "architecture_maturity": 58.924, "architecture_confidence": 75.142, "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": 22.1, "rotation_up": 41.87, "upward_expansion": 66.81, "deceleration": 85.43, "rotation_down": 26.89, "downward_expansion": 16.81 }, "activity_lines": [ 8.7216, 8.722491, 8.580014, 8.413716 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 8.943, "trend_reference": 8.2153, "distance_from_trend": 0.088579, "trend_direction": "Improving", "fair_value": 6.739353, "distance_from_fair_value": 0.326982, "fair_value_direction": "Improving", "relative_strength": -0.834524, "relative_strength_direction": "Weakening", "price_momentum": 0.133316, "excess_performance": -0.037575, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.088579, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.060312, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.326982, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.037421, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.008345, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.029455, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.133316, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.143701, "read": "Demand-led" } ], "volume": { "latest": 180704, "relative_activity": 1.233952, "balance": 1.143701, "dry_up": 1.04909, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.02983, "annualized_volatility": 0.202038, "from_high_reference": -0.000447, "from_low_reference": 0.330606 }, "levels": { "trend_reference": 8.2153, "fair_value_reference": 6.739353, "structural_low": 7.352, "invalidation": "A sustained loss of 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"activity_lines": [ 8.8136, 8.6862, 8.425795, 8.270837 ] }, { "date": "2026-07-17", "close": 8.475, "volume": 262277, "typical_volume": 153091.55, "trend": 8.086367, "fair_value": 6.679468, "relative_strength": -2.549689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.900169, "energy": 54.188146, "activity_lines": [ 8.7154, 8.666018, 8.449938, 8.298508 ] }, { "date": "2026-07-24", "close": 8.632, "volume": 118544, "typical_volume": 155007.5, "trend": 8.130833, "fair_value": 6.697897, "relative_strength": -0.663985, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.020948, "energy": 43.238772, "activity_lines": [ 8.6714, 8.672418, 8.488376, 8.33371 ] }, { "date": "2026-07-31", "close": 8.602, "volume": 53004, "typical_volume": 144305.5, "trend": 8.174067, "fair_value": 6.717474, "relative_strength": -1.745172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.053957, "energy": 32.636513, "activity_lines": [ 8.6354, 8.668291, 8.520138, 8.364108 ] }, { "date": "2026-08-07", "close": 8.943, "volume": 180704, "typical_volume": 146443.35, "trend": 8.2153, "fair_value": 6.739353, "relative_strength": -0.834524, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.554892, "energy": 39.65324, "activity_lines": [ 8.7216, 8.722491, 8.580014, 8.413716 ] } ], "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." } } }