{ "ticker": { "uuid": "a1ca3bae-6081-4815-a52d-da0c126ba3ad", "symbol": "IQJP", "name": "IndexIQ Factors Sustainable Japan Equity UCITS ETF Cap", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 92.702, "architecture_energy": 92.368, "architecture_maturity": 25.674, "architecture_confidence": 69.103, "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": 0.17, "rotation_up": 85.08, "upward_expansion": 98.61, "deceleration": 39.82, "rotation_down": 11.33, "downward_expansion": 20.61 }, "activity_lines": [ 48.016667, 47.362545, 46.120571, 45.52915 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 49.360001, "trend_reference": 45.0395, "distance_from_trend": 0.095927, "trend_direction": "Improving", "fair_value": 39.554263, "distance_from_fair_value": 0.247906, "fair_value_direction": "Improving", "relative_strength": -2.652047, "relative_strength_direction": "Improving", "price_momentum": 0.079025, "excess_performance": -0.091867, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.095927, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034943, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.247906, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.130048, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.02652, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.065221, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.079025, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 11.406061, "read": "Demand-led" } ], "volume": { "latest": 77, "relative_activity": 0.457516, "balance": 11.406061, "dry_up": 1.893939, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.020618, "annualized_volatility": 0.173745, "from_high_reference": -0.00182, "from_low_reference": 0.249937 }, "levels": { "trend_reference": 45.0395, "fair_value_reference": 39.554263, "structural_low": 41.875, "invalidation": "A 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87.145042, "activity_lines": [ 46.127665, 45.422363, 44.601381, 44.499236 ] }, { "date": "2026-07-10", "close": 47.290001, "volume": 76, "typical_volume": 138.1, "trend": 44.3745, "fair_value": 39.19907, "relative_strength": -5.139123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.735887, "energy": 88.506975, "activity_lines": [ 46.635999, 45.879363, 44.876904, 44.698226 ] }, { "date": "2026-07-17", "close": 47.084999, "volume": 41, "typical_volume": 136.85, "trend": 44.5145, "fair_value": 39.284519, "relative_strength": -4.172637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.208756, "energy": 84.755866, "activity_lines": [ 46.917666, 46.215272, 45.128857, 44.873096 ] }, { "date": "2026-07-24", "close": 47.290001, "volume": 167, "typical_volume": 140.65, "trend": 44.661333, "fair_value": 39.365737, "relative_strength": -3.486659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.896663, "energy": 86.055464, "activity_lines": [ 47.114, 46.515272, 45.400309, 45.052161 ] }, { "date": "2026-07-31", "close": 47.529999, "volume": 990, "typical_volume": 174.2, "trend": 44.835333, "fair_value": 39.455417, "relative_strength": -3.547619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.03607, "energy": 78.560397, "activity_lines": [ 47.316333, 46.802545, 45.683714, 45.237236 ] }, { "date": "2026-08-07", "close": 49.360001, "volume": 77, "typical_volume": 168.3, "trend": 45.0395, "fair_value": 39.554263, "relative_strength": -2.652047, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.701858, "energy": 92.367953, "activity_lines": [ 48.016667, 47.362545, 46.120571, 45.52915 ] } ], "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." } } }