{ "ticker": { "uuid": "aae13370-4391-468b-89b3-8d64dc58faf2", "symbol": "TSWE", "name": "VanEck World Equal Weight Screened 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 68.226, "architecture_energy": 55.734, "architecture_maturity": 91.757, "architecture_confidence": 68.024, "architecture_tenure": "Established", "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": 16.07, "rotation_up": 47.42, "upward_expansion": 71.52, "deceleration": 85.49, "rotation_down": 27.75, "downward_expansion": 21.52 }, "activity_lines": [ 42.461333, 42.482091, 41.687232, 40.784037 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 43.145, "trend_reference": 39.784663, "distance_from_trend": 0.084463, "trend_direction": "Improving", "fair_value": 33.089811, "distance_from_fair_value": 0.303876, "fair_value_direction": "Improving", "relative_strength": -2.510435, "relative_strength_direction": "Improving", "price_momentum": 0.127869, "excess_performance": -0.043023, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084463, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051968, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.303876, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.054418, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025104, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.002129, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.127869, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.54892, "read": "Demand-led" } ], "volume": { "latest": 24723, "relative_activity": 2.093626, "balance": 1.54892, "dry_up": 1.46337, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.019483, "annualized_volatility": 0.122434, "from_high_reference": -0.003119, "from_low_reference": 0.276507 }, "levels": { "trend_reference": 39.784663, "fair_value_reference": 33.089811, "structural_low": 35.735001, 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41.859877, 40.469254, 39.761575 ] }, { "date": "2026-07-10", "close": 42.919998, "volume": 24193, "typical_volume": 12767.8, "trend": 39.101345, "fair_value": 32.683772, "relative_strength": -1.176725, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.301576, "energy": 89.597799, "activity_lines": [ 42.796665, 42.177404, 40.794839, 40.022018 ] }, { "date": "2026-07-17", "close": 42.005001, "volume": 14866, "typical_volume": 12198.3, "trend": 39.280583, "fair_value": 32.783679, "relative_strength": -1.866794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.817697, "energy": 80.298048, "activity_lines": [ 42.598666, 42.255084, 41.014123, 40.209351 ] }, { "date": "2026-07-24", "close": 42.235001, "volume": 14822, "typical_volume": 11116.15, "trend": 39.461337, "fair_value": 32.881549, "relative_strength": -1.138398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.514373, "energy": 64.429727, "activity_lines": [ 42.455333, 42.332791, 41.241413, 40.399959 ] }, { "date": "2026-07-31", "close": 41.889999, "volume": 14711, "typical_volume": 10908.9, "trend": 39.620451, "fair_value": 32.981264, "relative_strength": -2.571316, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.666269, "energy": 51.91129, "activity_lines": [ 42.225333, 42.303328, 41.415466, 40.556647 ] }, { "date": "2026-08-07", "close": 43.145, "volume": 24723, "typical_volume": 11808.7, "trend": 39.784663, "fair_value": 33.089811, "relative_strength": -2.510435, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.226181, "energy": 55.734382, "activity_lines": [ 42.461333, 42.482091, 41.687232, 40.784037 ] } ], "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." } } }