{ "ticker": { "uuid": "8bf49b9b-fa38-4b6e-9e71-777688659550", "symbol": "IESZ", "name": "iShares MSCI Europe Mid-Cap Equal Weight UCITS ETF", "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": 74.553, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 89.024, "architecture_energy": 91.936, "architecture_maturity": 37.916, "architecture_confidence": 67.151, "architecture_tenure": "Established", "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": 0.69, "rotation_up": 80.24, "upward_expansion": 99.13, "deceleration": 39.44, "rotation_down": 15.14, "downward_expansion": 21.13 }, "activity_lines": [ 11.491733, 11.386764, 11.200371, 11.045239 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 11.678, "trend_reference": 10.873933, "distance_from_trend": 0.073944, "trend_direction": "Improving", "fair_value": 9.204532, "distance_from_fair_value": 0.268723, "fair_value_direction": "Improving", "relative_strength": -4.45717, "relative_strength_direction": "Improving", "price_momentum": 0.094676, "excess_performance": -0.076216, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073944, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039497, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.268723, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.050086, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.044572, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.011089, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.094676, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.393646, "read": "Supply-led" } ], "volume": { "latest": 6308, "relative_activity": 0.68862, "balance": 0.393646, "dry_up": 2.1762, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.015901, "annualized_volatility": 0.141921, "from_high_reference": -0.00188, "from_low_reference": 0.207653 }, "levels": { "trend_reference": 10.873933, "fair_value_reference": 9.204532, "structural_low": 10.06, "invalidation": "A 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"energy": 81.438617, "activity_lines": [ 11.311333, 11.213382, 11.025714, 10.908761 ] }, { "date": "2026-07-24", "close": 11.34, "volume": 57086, "typical_volume": 9251.5, "trend": 10.792533, "fair_value": 9.155397, "relative_strength": -4.112803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.029162, "energy": 80.403752, "activity_lines": [ 11.337333, 11.252545, 11.073124, 10.946598 ] }, { "date": "2026-07-31", "close": 11.476, "volume": 2456, "typical_volume": 8971.95, "trend": 10.832533, "fair_value": 9.17916, "relative_strength": -3.493888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.049267, "energy": 78.510687, "activity_lines": [ 11.392267, 11.305636, 11.129724, 10.990692 ] }, { "date": "2026-08-07", "close": 11.678, "volume": 6308, "typical_volume": 9160.35, "trend": 10.873933, "fair_value": 9.204532, "relative_strength": -4.45717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.024379, "energy": 91.936217, "activity_lines": [ 11.491733, 11.386764, 11.200371, 11.045239 ] } ], "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." } } }