{ "ticker": { "uuid": "b89f5771-2794-4f2b-b2ec-4ea99504ca30", "symbol": "CED", "name": "Caltagirone Editore SpA", "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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "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": 89.979, "architecture_energy": 92.0, "architecture_maturity": 54.0, "architecture_confidence": 88.335, "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": 10.35, "rotation_up": 73.76, "upward_expansion": 91.75, "deceleration": 48.22, "rotation_down": 14.24, "downward_expansion": 20.75 }, "activity_lines": [ 2.565333, 2.486545, 2.365394, 2.245673 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 2.74, "trend_reference": 2.098262, "distance_from_trend": 0.305842, "trend_direction": "Improving", "fair_value": 1.48549, "distance_from_fair_value": 0.844509, "fair_value_direction": "Improving", "relative_strength": 20.836198, "relative_strength_direction": "Improving", "price_momentum": 0.525518, "excess_performance": 0.354626, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.305842, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.121407, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.844509, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.231072, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.208362, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.113445, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.525518, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.017731, "read": "Demand-led" } ], "volume": { "latest": 246552, "relative_activity": 1.493865, "balance": 8.017731, "dry_up": 1.143252, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.043744, "annualized_volatility": 0.268078, "from_high_reference": -0.003636, "from_low_reference": 0.691939 }, "levels": { "trend_reference": 2.098262, "fair_value_reference": 1.48549, "structural_low": 1.653796, "invalidation": "A 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2.03721, "fair_value": 1.463466, "relative_strength": 10.620245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.843298, "energy": 60.476286, "activity_lines": [ 2.380667, 2.367091, 2.268301, 2.164631 ] }, { "date": "2026-07-31", "close": 2.62, "volume": 338645, "typical_volume": 153886.95, "trend": 2.066636, "fair_value": 1.474138, "relative_strength": 19.53261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.635102, "energy": 70.751288, "activity_lines": [ 2.460667, 2.42, 2.313142, 2.202231 ] }, { "date": "2026-08-07", "close": 2.74, "volume": 246552, "typical_volume": 165043.0, "trend": 2.098262, "fair_value": 1.48549, "relative_strength": 20.836198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.979286, "energy": 92.000032, "activity_lines": [ 2.565333, 2.486545, 2.365394, 2.245673 ] } ], "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." } } }