{ "ticker": { "uuid": "9afbac16-a2ec-483c-99ba-1b85b2849f91", "symbol": "ECOM", "name": "L&G Ecommerce Logistics 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": 68.935, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 87.672, "architecture_energy": 94.153, "architecture_maturity": 13.259, "architecture_confidence": 63.619, "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": 7.47, "rotation_up": 87.47, "upward_expansion": 99.96, "deceleration": 39.01, "rotation_down": 8.41, "downward_expansion": 21.96 }, "activity_lines": [ 17.025867, 16.687273, 16.301905, 16.08188 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 17.370001, "trend_reference": 15.925, "distance_from_trend": 0.090738, "trend_direction": "Improving", "fair_value": 15.42541, "distance_from_fair_value": 0.126064, "fair_value_direction": "Improving", "relative_strength": -6.87468, "relative_strength_direction": "Improving", "price_momentum": 0.086984, "excess_performance": -0.083908, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090738, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.010636, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.126064, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.102552, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.068747, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.064365, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.086984, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.145943, "read": "Demand-led" } ], "volume": { "latest": 6892, "relative_activity": 0.698865, "balance": 3.145943, "dry_up": 0.925043, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.022647, "annualized_volatility": 0.145012, "from_high_reference": 0.0, "from_low_reference": 0.189075 }, "levels": { "trend_reference": 15.925, "fair_value_reference": 15.42541, "structural_low": 14.608, "invalidation": "A 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"activity_lines": [ 16.197867, 16.06, 15.835114, 15.793557 ] }, { "date": "2026-07-17", "close": 16.818001, "volume": 10795, "typical_volume": 11406.95, "trend": 15.849533, "fair_value": 15.374705, "relative_strength": -7.595681, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.225412, "energy": 85.568545, "activity_lines": [ 16.448667, 16.221564, 15.944562, 15.857664 ] }, { "date": "2026-07-24", "close": 16.638, "volume": 5455, "typical_volume": 9909.7, "trend": 15.869667, "fair_value": 15.387103, "relative_strength": -8.076077, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.056149, "energy": 83.754472, "activity_lines": [ 16.5832, 16.328146, 16.032162, 15.908533 ] }, { "date": "2026-07-31", "close": 17.09, "volume": 13348, "typical_volume": 10031.5, "trend": 15.903467, "fair_value": 15.404641, "relative_strength": -5.97165, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.469479, "energy": 91.003056, "activity_lines": [ 16.8016, 16.494327, 16.157867, 15.987264 ] }, { "date": "2026-08-07", "close": 17.370001, "volume": 6892, "typical_volume": 9861.7, "trend": 15.925, "fair_value": 15.42541, "relative_strength": -6.87468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.672247, "energy": 94.153138, "activity_lines": [ 17.025867, 16.687273, 16.301905, 16.08188 ] } ], "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." } } }