{ "ticker": { "uuid": "92ef71c0-2a0b-498b-a452-c6c3afe342c5", "symbol": "EDOC", "name": "Global X Telemedicine & Digital Health ETF A", "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": 74.707, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 63.484, "architecture_energy": 62.331, "architecture_maturity": 49.67, "architecture_confidence": 55.765, "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": 21.28, "rotation_up": 53.77, "upward_expansion": 83.0, "deceleration": 70.96, "rotation_down": 25.56, "downward_expansion": 12.0 }, "activity_lines": [ 8.0716, 8.024273, 7.621419, 7.397774 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 8.066, "trend_reference": 7.229633, "distance_from_trend": 0.115686, "trend_direction": "Improving", "fair_value": 7.209814, "distance_from_fair_value": 0.118753, "fair_value_direction": "Improving", "relative_strength": -7.584666, "relative_strength_direction": "Improving", "price_momentum": 0.162583, "excess_performance": -0.008309, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.115686, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011968, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.118753, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.179509, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.075847, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.115218, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.162583, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.55439, "read": "Supply-led" } ], "volume": { "latest": 253, "relative_activity": 0.370723, "balance": 0.55439, "dry_up": 0.827533, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.034885, "annualized_volatility": 0.204094, "from_high_reference": -0.0587, "from_low_reference": 0.256974 }, "levels": { "trend_reference": 7.229633, "fair_value_reference": 7.209814, "structural_low": 6.417, "invalidation": "A sustained 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7.178633, "fair_value": 7.214288, "relative_strength": -4.466586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.628476, "energy": 89.540317, "activity_lines": [ 8.132067, 7.791473, 7.3671, 7.232551 ] }, { "date": "2026-07-24", "close": 8.149, "volume": 1065, "typical_volume": 721.25, "trend": 7.202, "fair_value": 7.211314, "relative_strength": -3.926427, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.474624, "energy": 88.562028, "activity_lines": [ 8.1758, 7.911, 7.466895, 7.295155 ] }, { "date": "2026-07-31", "close": 7.948, "volume": 541, "typical_volume": 673.65, "trend": 7.2214, "fair_value": 7.208821, "relative_strength": -6.51548, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.316964, "energy": 68.218338, "activity_lines": [ 8.1028, 7.9674, 7.541614, 7.343284 ] }, { "date": "2026-08-07", "close": 8.066, "volume": 253, "typical_volume": 682.45, "trend": 7.229633, "fair_value": 7.209814, "relative_strength": -7.584666, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.484224, "energy": 62.33113, "activity_lines": [ 8.0716, 8.024273, 7.621419, 7.397774 ] } ], "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." } } }