{ "ticker": { "uuid": "9ea2986a-5dd6-4bb5-b20c-77ca7fd5a6ab", "symbol": "HIK", "name": "HAIKI+", "exchange": "MIL", "country": "IT", "assetType": "equity" }, "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 33.189, "architecture_energy": 60.139, "architecture_maturity": 8.687, "architecture_confidence": 52.44, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 31.76, "rotation_up": 68.01, "upward_expansion": 60.68, "deceleration": 23.94, "rotation_down": 19.15, "downward_expansion": 23.68 }, "activity_lines": [ 0.597667, 0.572782, 0.554014, 0.548256 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 0.586, "trend_reference": 0.553567, "distance_from_trend": 0.05859, "trend_direction": "Weakening", "fair_value": 0.616747, "distance_from_fair_value": -0.049853, "fair_value_direction": "Improving", "relative_strength": -18.743927, "relative_strength_direction": "Improving", "price_momentum": -0.00846, "excess_performance": -0.179352, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.05859, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.054809, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.049853, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.126327, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.187439, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.077397, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.00846, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.838162, "read": "Demand-led" } ], "volume": { "latest": 707996, "relative_activity": 0.911667, "balance": 1.838162, "dry_up": 1.361894, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.077383, "annualized_volatility": 0.378039, "from_high_reference": -0.2554, "from_low_reference": 0.299335 }, "levels": { "trend_reference": 0.553567, "fair_value_reference": 0.616747, "structural_low": 0.451, "invalidation": "A 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"directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": 0.048904, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.037767, "active": true } ], "chart_path": [ { "date": "2025-01-10", "close": 0.96, "volume": 1405155, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 0.85, "volume": 4804595, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, 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"typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-10", "close": 0.547, "volume": 592514, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-17", "close": 0.593, "volume": 1061551, "typical_volume": 802470.1, "trend": 0.557067, "fair_value": 0.617162, "relative_strength": -16.412099, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": 4.806678, "energy": 7.093067, "activity_lines": [ 0.5478, 0.541064, 0.532571, 0.538718 ] }, { "date": "2026-07-24", "close": 0.622, "volume": 1414957, "typical_volume": 772057.55, "trend": 0.556733, "fair_value": 0.617222, "relative_strength": -11.679608, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 37.090569, "energy": 50.61764, "activity_lines": [ 0.5768, 0.556727, 0.541619, 0.542908 ] }, { "date": "2026-07-31", "close": 0.609, "volume": 1046056, "typical_volume": 774727.2, "trend": 0.555367, "fair_value": 0.617122, "relative_strength": -13.670373, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.706859, "energy": 61.007412, "activity_lines": [ 0.594667, 0.567655, 0.549057, 0.54628 ] }, { "date": "2026-08-07", "close": 0.586, "volume": 707996, "typical_volume": 776594.9, "trend": 0.553567, "fair_value": 0.616747, "relative_strength": -18.743927, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.188586, "energy": 60.138817, "activity_lines": [ 0.597667, 0.572782, 0.554014, 0.548256 ] } ], "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." } } }