{ "ticker": { "uuid": "90acb26d-93e1-474e-89e0-5a5e4a4560b9", "symbol": "CSBGU3", "name": "iShares VII PLC - iShares $ Treasury Bd 1-3y ETF USD Acc B", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 59.545, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 50.787, "architecture_energy": 42.817, "architecture_maturity": 58.263, "architecture_confidence": 50.54, "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": 18.06, "rotation_up": 46.95, "upward_expansion": 70.51, "deceleration": 62.26, "rotation_down": 25.7, "downward_expansion": 18.18 }, "activity_lines": [ 109.556668, 109.621819, 108.93381, 108.508323 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 109.040001, "trend_reference": 107.891334, "distance_from_trend": 0.010647, "trend_direction": "Improving", "fair_value": 107.223846, "distance_from_fair_value": 0.016938, "fair_value_direction": "Improving", "relative_strength": -12.907486, "relative_strength_direction": "Weakening", "price_momentum": 0.029262, "excess_performance": -0.14163, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.010647, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008512, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.016938, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.017028, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.129075, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.008934, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.029262, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.866383, "read": "Supply-led" } ], "volume": { "latest": 49139, "relative_activity": 3.437267, "balance": 0.866383, "dry_up": 1.420944, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.007252, "annualized_volatility": 0.052727, "from_high_reference": -0.014639, "from_low_reference": 0.047656 }, "levels": { "trend_reference": 107.891334, "fair_value_reference": 107.223846, 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"Early expansion", "gate": "up", "direction": 75.956287, "energy": 85.412418, "activity_lines": [ 109.533332, 108.820363, 108.202286, 107.821011 ] }, { "date": "2026-07-10", "close": 109.910004, "volume": 14974, "typical_volume": 15222.4, "trend": 107.455667, "fair_value": 106.98891, "relative_strength": -11.790842, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.205712, "energy": 88.317867, "activity_lines": [ 109.760667, 109.122, 108.394905, 107.987785 ] }, { "date": "2026-07-17", "close": 109.980003, "volume": 7703, "typical_volume": 15129.25, "trend": 107.576667, "fair_value": 107.054936, "relative_strength": -10.142048, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.940102, "energy": 88.06356, "activity_lines": [ 109.916001, 109.381455, 108.577667, 108.150646 ] }, { "date": "2026-07-24", "close": 110.279999, "volume": 8824, "typical_volume": 14488.75, "trend": 107.727667, "fair_value": 107.117821, "relative_strength": -9.446404, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.52349, "energy": 87.828547, "activity_lines": [ 110.063334, 109.633637, 108.771239, 108.325054 ] }, { "date": "2026-07-31", "close": 109.360001, "volume": 15589, "typical_volume": 13981.75, "trend": 107.831667, "fair_value": 107.174103, "relative_strength": -10.430506, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.71333, "energy": 56.632852, "activity_lines": [ 109.835334, 109.67091, 108.867858, 108.430366 ] }, { "date": "2026-08-07", "close": 109.040001, "volume": 49139, "typical_volume": 14295.95, "trend": 107.891334, "fair_value": 107.223846, "relative_strength": -12.907486, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.78651, "energy": 42.817182, "activity_lines": [ 109.556668, 109.621819, 108.93381, 108.508323 ] } ], "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." } } }