{ "ticker": { "uuid": "b6302e38-83a3-431a-8f83-8958e5092fd3", "symbol": "DGTL", "name": "iShares Digitalisation UCITS ETF USD (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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.815, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 87.675, "architecture_energy": 83.098, "architecture_maturity": 21.57, "architecture_confidence": 73.201, "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": 9.23, "rotation_up": 74.86, "upward_expansion": 92.88, "deceleration": 46.25, "rotation_down": 17.09, "downward_expansion": 17.22 }, "activity_lines": [ 9.997667, 9.840073, 9.542, 9.266006 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 10.302, "trend_reference": 9.000333, "distance_from_trend": 0.144624, "trend_direction": "Improving", "fair_value": 8.870827, "distance_from_fair_value": 0.161335, "fair_value_direction": "Improving", "relative_strength": -5.090506, "relative_strength_direction": "Improving", "price_momentum": 0.227598, "excess_performance": 0.056706, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.144624, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.010906, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.161335, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.13027, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.050905, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.112045, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.227598, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 18.35215, "read": "Demand-led" } ], "volume": { "latest": 161731, "relative_activity": 1.908084, "balance": 18.35215, "dry_up": 2.449731, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.028949, "annualized_volatility": 0.196408, "from_high_reference": -0.016234, "from_low_reference": 0.3062 }, "levels": { "trend_reference": 9.000333, "fair_value_reference": 8.870827, "structural_low": 7.887, "invalidation": "A 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"date": "2026-07-10", "close": 9.878, "volume": 77949, "typical_volume": 71777.6, "trend": 8.921633, "fair_value": 8.799654, "relative_strength": -8.88653, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.575708, "energy": 86.140037, "activity_lines": [ 9.644133, 9.515764, 9.173319, 9.003819 ] }, { "date": "2026-07-17", "close": 9.937, "volume": 590654, "typical_volume": 91443.25, "trend": 8.9403, "fair_value": 8.817115, "relative_strength": -6.583057, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.751911, "energy": 91.10252, "activity_lines": [ 9.776933, 9.615764, 9.273271, 9.069327 ] }, { "date": "2026-07-24", "close": 9.769, "volume": 40251, "typical_volume": 83109.4, "trend": 8.9553, "fair_value": 8.832859, "relative_strength": -7.526105, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.356352, "energy": 85.737639, "activity_lines": [ 9.811067, 9.666782, 9.349514, 9.122791 ] }, { "date": "2026-07-31", "close": 9.849, "volume": 37930, "typical_volume": 78300.45, "trend": 8.975867, "fair_value": 8.850083, "relative_strength": -6.946334, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.537521, "energy": 82.05372, "activity_lines": [ 9.844067, 9.717236, 9.427648, 9.180449 ] }, { "date": "2026-08-07", "close": 10.302, "volume": 161731, "typical_volume": 84760.95, "trend": 9.000333, "fair_value": 8.870827, "relative_strength": -5.090506, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.675102, "energy": 83.097635, "activity_lines": [ 9.997667, 9.840073, 9.542, 9.266006 ] } ], "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." } } }