{ "ticker": { "uuid": "bd58a640-bb29-42b4-9129-5ea8f6b047dd", "symbol": "CIBR", "name": "First Trust Nasdaq Cybersecurity UCITS ETF Class A USD Accumulation", "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": "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": 83.071, "architecture_energy": 70.122, "architecture_maturity": 75.561, "architecture_confidence": 85.819, "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": 8.4, "rotation_up": 60.35, "upward_expansion": 85.33, "deceleration": 68.26, "rotation_down": 27.09, "downward_expansion": 12.0 }, "activity_lines": [ 50.154, 49.263091, 46.3655, 43.429688 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 52.290001, "trend_reference": 40.196666, "distance_from_trend": 0.300854, "trend_direction": "Improving", "fair_value": 36.377212, "distance_from_fair_value": 0.437438, "fair_value_direction": "Improving", "relative_strength": 12.823185, "relative_strength_direction": "Improving", "price_momentum": 0.530962, "excess_performance": 0.36007, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.300854, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.08669, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.437438, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.31628, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.128232, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.232627, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.530962, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.511174, "read": "Demand-led" } ], "volume": { "latest": 41942, "relative_activity": 0.366064, "balance": 2.511174, "dry_up": 0.815231, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.049723, "annualized_volatility": 0.326141, "from_high_reference": -0.02535, "from_low_reference": 0.677037 }, "levels": { "trend_reference": 40.196666, "fair_value_reference": 36.377212, "structural_low": 31.18, "invalidation": "A 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"fair_value": 36.068942, "relative_strength": 8.270637, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.508584, "energy": 66.722733, "activity_lines": [ 49.213333, 48.19, 44.661405, 42.007882 ] }, { "date": "2026-07-31", "close": 48.814999, "volume": 64539, "typical_volume": 118240.6, "trend": 39.725333, "fair_value": 36.211827, "relative_strength": 8.583251, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.627536, "energy": 64.766379, "activity_lines": [ 49.194666, 48.448091, 45.381738, 42.619064 ] }, { "date": "2026-08-07", "close": 52.290001, "volume": 41942, "typical_volume": 114575.5, "trend": 40.196666, "fair_value": 36.377212, "relative_strength": 12.823185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.071127, "energy": 70.121708, "activity_lines": [ 50.154, 49.263091, 46.3655, 43.429688 ] } ], "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." } } }