{ "ticker": { "uuid": "8601de54-570e-447c-92ba-ede7e1518f14", "symbol": "XSGI", "name": "Xtrackers S&P Global Infrastructure Swap UCITS ETF 1C", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 29.069, "architecture_energy": 22.113, "architecture_maturity": 50.731, "architecture_confidence": 70.368, "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": 44.15, "rotation_up": 34.19, "upward_expansion": 64.35, "deceleration": 85.0, "rotation_down": 27.86, "downward_expansion": 16.69 }, "activity_lines": [ 71.000669, 71.232183, 70.687715, 70.371893 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 69.800003, "trend_reference": 69.632001, "distance_from_trend": 0.002413, "trend_direction": "Improving", "fair_value": 58.252179, "distance_from_fair_value": 0.198238, "fair_value_direction": "Weakening", "relative_strength": -10.263774, "relative_strength_direction": "Weakening", "price_momentum": 0.042413, "excess_performance": -0.128478, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.002413, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037735, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.198238, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.023928, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.102638, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.046237, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.042413, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.084047, "read": "Demand-led" } ], "volume": { "latest": 10352, "relative_activity": 0.774639, "balance": 1.084047, "dry_up": 1.187438, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.017445, "annualized_volatility": 0.111709, "from_high_reference": -0.0387, "from_low_reference": 0.155247 }, "levels": { "trend_reference": 69.632001, "fair_value_reference": 58.252179, "structural_low": 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-7.101441, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.425834, "energy": 75.306276, "activity_lines": [ 71.519333, 70.803455, 70.295143, 69.800323 ] }, { "date": "2026-07-17", "close": 71.900002, "volume": 26908, "typical_volume": 15358.15, "trend": 68.906, "fair_value": 57.805994, "relative_strength": -4.839772, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.202772, "energy": 77.883648, "activity_lines": [ 71.72, 71.107091, 70.464477, 70.012388 ] }, { "date": "2026-07-24", "close": 72.440002, "volume": 15989, "typical_volume": 14021.9, "trend": 69.211, "fair_value": 57.958878, "relative_strength": -3.878569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.612048, "energy": 68.838322, "activity_lines": [ 71.981334, 71.454546, 70.68062, 70.240388 ] }, { "date": "2026-07-31", "close": 70.900002, "volume": 10225, "typical_volume": 13500.25, "trend": 69.450667, "fair_value": 58.11, "relative_strength": -6.382807, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.728754, "energy": 43.131403, "activity_lines": [ 71.620668, 71.453274, 70.737953, 70.349356 ] }, { "date": "2026-08-07", "close": 69.800003, "volume": 10352, "typical_volume": 13363.65, "trend": 69.632001, "fair_value": 58.252179, "relative_strength": -10.263774, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.069015, "energy": 22.11331, "activity_lines": [ 71.000669, 71.232183, 70.687715, 70.371893 ] } ], "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." } } }