{ "ticker": { "uuid": "bf776477-9a9c-4b93-a0d1-13ca48af92a3", "symbol": "IRC", "name": "IRCE 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": 77.978, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 50.558, "architecture_energy": 31.122, "architecture_maturity": 41.384, "architecture_confidence": 62.964, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 20.47, "rotation_up": 41.63, "upward_expansion": 67.38, "deceleration": 81.59, "rotation_down": 25.84, "downward_expansion": 15.05 }, "activity_lines": [ 2.280667, 2.284364, 2.258727, 2.207479 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 2.31, "trend_reference": 2.156369, "distance_from_trend": 0.071245, "trend_direction": "Improving", "fair_value": 1.986329, "distance_from_fair_value": 0.162949, "fair_value_direction": "Improving", "relative_strength": -6.573855, "relative_strength_direction": "Weakening", "price_momentum": 0.114084, "excess_performance": -0.056808, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.071245, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038957, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.162949, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.030356, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.065739, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.028974, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.114084, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.101409, "read": "Demand-led" } ], "volume": { "latest": 52250, "relative_activity": 1.415803, "balance": 1.101409, "dry_up": 0.679572, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.039916, "annualized_volatility": 0.209371, "from_high_reference": -0.045455, "from_low_reference": 0.314681 }, "levels": { "trend_reference": 2.156369, "fair_value_reference": 1.986329, "structural_low": 1.75708, "invalidation": "A sustained 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2.179785, 2.144912 ] }, { "date": "2026-07-03", "close": 2.32, "volume": 22560, "typical_volume": 42962.75, "trend": 2.114788, "fair_value": 1.980495, "relative_strength": -5.066202, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.529779, "energy": 62.195782, "activity_lines": [ 2.288667, 2.27088, 2.198442, 2.158765 ] }, { "date": "2026-07-10", "close": 2.3, "volume": 27876, "typical_volume": 43749.8, "trend": 2.123313, "fair_value": 1.982636, "relative_strength": -5.369603, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.036073, "energy": 55.511232, "activity_lines": [ 2.296667, 2.279258, 2.214298, 2.170714 ] }, { "date": "2026-07-17", "close": 2.29, "volume": 29388, "typical_volume": 44231.5, "trend": 2.133451, "fair_value": 1.984477, "relative_strength": -4.382351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.197534, "energy": 45.090267, "activity_lines": [ 2.296667, 2.284, 2.228262, 2.181468 ] }, { "date": "2026-07-24", "close": 2.3, "volume": 6828, "typical_volume": 41377.15, "trend": 2.143274, "fair_value": 1.985676, "relative_strength": -3.756639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.858308, "energy": 46.838317, "activity_lines": [ 2.296667, 2.289455, 2.242101, 2.192214 ] }, { "date": "2026-07-31", "close": 2.22, "volume": 11852, "typical_volume": 40209.15, "trend": 2.150106, "fair_value": 1.985949, "relative_strength": -7.639038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.394805, "energy": 31.957492, "activity_lines": [ 2.272667, 2.278545, 2.246871, 2.197164 ] }, { "date": "2026-08-07", "close": 2.31, "volume": 52250, "typical_volume": 36904.85, "trend": 2.156369, "fair_value": 1.986329, "relative_strength": -6.573855, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.557638, "energy": 31.121717, "activity_lines": [ 2.280667, 2.284364, 2.258727, 2.207479 ] } ], "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." } } }