{ "ticker": { "uuid": "ab534337-c24e-43a6-bb6b-e64710865173", "symbol": "BMED", "name": "Banca Mediolanum S.p.A.", "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": 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": 88.708, "architecture_energy": 82.862, "architecture_maturity": 45.345, "architecture_confidence": 84.602, "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": 0.69, "rotation_up": 78.2, "upward_expansion": 94.28, "deceleration": 44.66, "rotation_down": 17.71, "downward_expansion": 16.28 }, "activity_lines": [ 23.248667, 22.707818, 21.468099, 20.453969 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 24.129999, "trend_reference": 19.431258, "distance_from_trend": 0.241814, "trend_direction": "Improving", "fair_value": 12.597119, "distance_from_fair_value": 0.915517, "fair_value_direction": "Improving", "relative_strength": 13.312521, "relative_strength_direction": "Improving", "price_momentum": 0.262379, "excess_performance": 0.091488, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.241814, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.075071, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.915517, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.215975, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.133125, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.097886, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.262379, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.768051, "read": "Demand-led" } ], "volume": { "latest": 4441643, "relative_activity": 0.929693, "balance": 2.768051, "dry_up": 0.916315, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.038876, "annualized_volatility": 0.299345, "from_high_reference": -0.016707, "from_low_reference": 0.606177 }, "levels": { "trend_reference": 19.431258, "fair_value_reference": 12.597119, "structural_low": 15.459989, 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"Established expansion", "gate": "up", "direction": 71.52198, "energy": 88.19566, "activity_lines": [ 22.288667, 21.608182, 20.387751, 19.635472 ] }, { "date": "2026-07-24", "close": 22.74, "volume": 4565434, "typical_volume": 5196725.35, "trend": 19.122759, "fair_value": 12.379173, "relative_strength": 11.622208, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.49439, "energy": 87.793748, "activity_lines": [ 22.470667, 21.927728, 20.720722, 19.87747 ] }, { "date": "2026-07-31", "close": 23.190001, "volume": 4421676, "typical_volume": 4919093.15, "trend": 19.261503, "fair_value": 12.484605, "relative_strength": 12.52691, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.765032, "energy": 74.545848, "activity_lines": [ 22.756001, 22.263273, 21.06635, 20.139873 ] }, { "date": "2026-08-07", "close": 24.129999, "volume": 4441643, "typical_volume": 4777535.5, "trend": 19.431258, "fair_value": 12.597119, "relative_strength": 13.312521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.707706, "energy": 82.862121, "activity_lines": [ 23.248667, 22.707818, 21.468099, 20.453969 ] } ], "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." } } }