{ "ticker": { "uuid": "808f1126-8b37-43d4-b6a5-ad5ca81a96de", "symbol": "EXX5", "name": "iShares Dow Jones U.S. Select Dividend UCITS ETF (DE)", "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": 86.44, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 64.845, "architecture_energy": 60.819, "architecture_maturity": 35.673, "architecture_confidence": 69.198, "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": 11.51, "rotation_up": 67.16, "upward_expansion": 83.5, "deceleration": 64.52, "rotation_down": 16.01, "downward_expansion": 10.17 }, "activity_lines": [ 100.228752, 99.535085, 97.553403, 96.285375 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 99.480003, "trend_reference": 94.655008, "distance_from_trend": 0.050975, "trend_direction": "Improving", "fair_value": 82.416471, "distance_from_fair_value": 0.20704, "fair_value_direction": "Improving", "relative_strength": -5.714515, "relative_strength_direction": "Improving", "price_momentum": 0.071407, "excess_performance": -0.099485, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.050975, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047019, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.20704, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.053262, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.057145, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.002595, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.071407, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.957441, "read": "Demand-led" } ], "volume": { "latest": 4699, "relative_activity": 0.283448, "balance": 1.957441, "dry_up": 0.722524, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.021266, "annualized_volatility": 0.113173, "from_high_reference": -0.041711, "from_low_reference": 0.223501 }, "levels": { "trend_reference": 94.655008, "fair_value_reference": 82.416471, "structural_low": 89.729702, 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"typical_volume": 15984.25, "trend": 93.8325, "fair_value": 82.031586, "relative_strength": -0.076123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.912635, "energy": 91.347983, "activity_lines": [ 100.561081, 98.966475, 96.760072, 95.578168 ] }, { "date": "2026-07-31", "close": 99.610001, "volume": 20593, "typical_volume": 16550.95, "trend": 94.295799, "fair_value": 82.223402, "relative_strength": -2.898329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.923869, "energy": 66.065287, "activity_lines": [ 100.444467, 99.30278, 97.177604, 95.95091 ] }, { "date": "2026-08-07", "close": 99.480003, "volume": 4699, "typical_volume": 16578.0, "trend": 94.655008, "fair_value": 82.416471, "relative_strength": -5.714515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.845173, "energy": 60.818692, "activity_lines": [ 100.228752, 99.535085, 97.553403, 96.285375 ] } ], "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." } } }