{ "ticker": { "uuid": "b18b413f-2a00-453a-9cee-0cd0d0e50b1b", "symbol": "IUSE", "name": "iShares S&P 500 EUR Hedged UCITS ETF (Acc)", "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": 71.819, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.449, "architecture_energy": 57.013, "architecture_maturity": 61.884, "architecture_confidence": 62.064, "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": 31.87, "rotation_up": 51.84, "upward_expansion": 79.36, "deceleration": 68.56, "rotation_down": 27.33, "downward_expansion": 8.36 }, "activity_lines": [ 155.227334, 154.498184, 153.211954, 150.420883 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 159.220001, "trend_reference": 147.330667, "distance_from_trend": 0.080698, "trend_direction": "Improving", "fair_value": 123.329295, "distance_from_fair_value": 0.291015, "fair_value_direction": "Improving", "relative_strength": -4.988495, "relative_strength_direction": "Weakening", "price_momentum": 0.115533, "excess_performance": -0.055359, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.080698, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030373, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.291015, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.005602, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.049885, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.023938, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.115533, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.186091, "read": "Demand-led" } ], "volume": { "latest": 75048, "relative_activity": 0.76678, "balance": 2.186091, "dry_up": 0.804502, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.019707, "annualized_volatility": 0.131933, "from_high_reference": -0.004813, "from_low_reference": 0.210798 }, "levels": { "trend_reference": 147.330667, "fair_value_reference": 123.329295, 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"direction": 56.354669, "energy": 49.221895, "activity_lines": [ 153.326005, 153.492367, 149.888811, 147.619485 ] }, { "date": "2026-07-10", "close": 155.300003, "volume": 147462, "typical_volume": 126727.6, "trend": 145.725667, "fair_value": 121.826795, "relative_strength": -6.052995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.249959, "energy": 57.102843, "activity_lines": [ 153.962004, 153.916185, 150.723288, 148.26727 ] }, { "date": "2026-07-17", "close": 153.630005, "volume": 70528, "typical_volume": 121367.4, "trend": 146.127667, "fair_value": 122.192949, "relative_strength": -5.581971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.345991, "energy": 53.079464, "activity_lines": [ 153.958005, 153.895095, 151.337526, 148.777227 ] }, { "date": "2026-07-24", "close": 152.929993, "volume": 83365, "typical_volume": 114692.45, "trend": 146.461667, "fair_value": 122.550192, "relative_strength": -5.688562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.813626, "energy": 47.269324, "activity_lines": [ 153.676667, 153.717639, 151.831002, 149.216087 ] }, { "date": "2026-07-31", "close": 152.740005, "volume": 86019, "typical_volume": 107641.4, "trend": 146.824001, "fair_value": 122.913975, "relative_strength": -6.28767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.410589, "energy": 39.347225, "activity_lines": [ 153.410002, 153.505639, 152.24924, 149.621141 ] }, { "date": "2026-08-07", "close": 159.220001, "volume": 75048, "typical_volume": 97874.25, "trend": 147.330667, "fair_value": 123.329295, "relative_strength": -4.988495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.449194, "energy": 57.013016, "activity_lines": [ 155.227334, 154.498184, 153.211954, 150.420883 ] } ], "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." } } }