{ "ticker": { "uuid": "a34fde40-421d-4fd2-b632-0491ce08e8ee", "symbol": "XCAN", "name": "Xtrackers MSCI Canada Screened UCITS ETF 1C", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.814, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.355, "architecture_energy": 68.604, "architecture_maturity": 100.0, "architecture_confidence": 72.88, "architecture_tenure": "Extended", "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": 9.39, "rotation_up": 69.41, "upward_expansion": 86.83, "deceleration": 56.1, "rotation_down": 20.59, "downward_expansion": 11.16 }, "activity_lines": [ 111.637333, 110.95, 109.331333, 107.731053 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 113.139999, "trend_reference": 105.738, "distance_from_trend": 0.070003, "trend_direction": "Improving", "fair_value": 83.570641, "distance_from_fair_value": 0.353825, "fair_value_direction": "Improving", "relative_strength": -3.686155, "relative_strength_direction": "Weakening", "price_momentum": 0.134804, "excess_performance": -0.036087, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.070003, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042596, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.353825, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.030884, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.036862, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.015403, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.134804, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.268938, "read": "Demand-led" } ], "volume": { "latest": 35505, "relative_activity": 1.617905, "balance": 2.268938, "dry_up": 0.810456, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.016875, "annualized_volatility": 0.1176, "from_high_reference": -0.001853, "from_low_reference": 0.291847 }, "levels": { "trend_reference": 105.738, "fair_value_reference": 83.570641, "structural_low": 96.879997, 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"stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.341039, "energy": 84.229069, "activity_lines": [ 111.036667, 110.212727, 108.375904, 106.894365 ] }, { "date": "2026-07-31", "close": 110.18, "volume": 22303, "typical_volume": 24249.9, "trend": 105.357, "fair_value": 83.255, "relative_strength": -3.445731, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.084111, "energy": 63.12559, "activity_lines": [ 110.848667, 110.335636, 108.729571, 107.228924 ] }, { "date": "2026-08-07", "close": 113.139999, "volume": 35505, "typical_volume": 21945.05, "trend": 105.738, "fair_value": 83.570641, "relative_strength": -3.686155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.354935, "energy": 68.60441, "activity_lines": [ 111.637333, 110.95, 109.331333, 107.731053 ] } ], "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." } } }