{ "ticker": { "uuid": "8e23eebc-9703-47c6-9cc9-7ce9d49e692e", "symbol": "WENE", "name": "iShares MSCI World Energy Sector Advanced UCITS ETF USD Inc", "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": 84.36, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 54.595, "architecture_energy": 45.508, "architecture_maturity": 4.847, "architecture_confidence": 59.492, "architecture_tenure": "New", "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": 28.06, "rotation_up": 67.67, "upward_expansion": 75.41, "deceleration": 58.64, "rotation_down": 11.19, "downward_expansion": 6.74 }, "activity_lines": [ 6.5438, 6.405452, 6.379606, 6.360124 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 6.457, "trend_reference": 6.235079, "distance_from_trend": 0.035592, "trend_direction": "Improving", "fair_value": 5.150968, "distance_from_fair_value": 0.253551, "fair_value_direction": "Improving", "relative_strength": -1.973293, "relative_strength_direction": "Weakening", "price_momentum": 0.136996, "excess_performance": -0.033896, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.035592, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.078179, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.253551, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.013412, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019733, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.055956, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.136996, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.488836, "read": "Demand-led" } ], "volume": { "latest": 69007, "relative_activity": 0.564397, "balance": 1.488836, "dry_up": 0.546093, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.040258, "annualized_volatility": 0.265116, "from_high_reference": -0.087221, "from_low_reference": 0.388507 }, "levels": { "trend_reference": 6.235079, "fair_value_reference": 5.150968, "structural_low": 5.663, "invalidation": 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6.324896, 6.225882 ] }, { "date": "2026-07-10", "close": 6.184, "volume": 93377, "typical_volume": 153343.05, "trend": 6.022395, "fair_value": 5.096538, "relative_strength": -3.549966, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 2.143808, "energy": 21.724539, "activity_lines": [ 6.108202, 6.214308, 6.309532, 6.238979 ] }, { "date": "2026-07-17", "close": 6.472, "volume": 36675, "typical_volume": 145814.55, "trend": 6.075329, "fair_value": 5.111122, "relative_strength": 2.23392, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.709795, "energy": 16.192757, "activity_lines": [ 6.218733, 6.249675, 6.320306, 6.267986 ] }, { "date": "2026-07-24", "close": 6.752, "volume": 60118, "typical_volume": 125017.45, "trend": 6.136945, "fair_value": 5.125694, "relative_strength": 6.572944, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.179475, "energy": 31.554818, "activity_lines": [ 6.417933, 6.330411, 6.355543, 6.311642 ] }, { "date": "2026-07-31", "close": 6.622, "volume": 101276, "typical_volume": 125354.9, "trend": 6.190579, "fair_value": 5.139385, "relative_strength": 3.63137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.818372, "energy": 43.839114, "activity_lines": [ 6.5268, 6.382941, 6.375836, 6.342936 ] }, { "date": "2026-08-07", "close": 6.457, "volume": 69007, "typical_volume": 122266.7, "trend": 6.235079, "fair_value": 5.150968, "relative_strength": -1.973293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.594514, "energy": 45.507886, "activity_lines": [ 6.5438, 6.405452, 6.379606, 6.360124 ] } ], "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." } } }