{ "ticker": { "uuid": "c404baed-a914-4fce-8e52-d0b7bab0458d", "symbol": "INCI", "name": "iShares U.S. Equity High Income Active 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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "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": 90.275, "architecture_energy": 73.305, "architecture_maturity": 82.974, "architecture_confidence": 72.652, "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": 12.09, "rotation_up": 61.6, "upward_expansion": 85.33, "deceleration": 68.49, "rotation_down": 28.1, "downward_expansion": 12.0 }, "activity_lines": [ 6.1474, 6.113473, 6.023324, 5.904544 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 6.271, "trend_reference": 5.7577, "distance_from_trend": 0.08915, "trend_direction": "Improving", "fair_value": 5.256685, "distance_from_fair_value": 0.192957, "fair_value_direction": "Improving", "relative_strength": -3.716536, "relative_strength_direction": "Weakening", "price_momentum": 0.148324, "excess_performance": -0.022567, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08915, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039721, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.192957, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.061902, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.037165, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.00346, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.148324, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.442919, "read": "Demand-led" } ], "volume": { "latest": 54887, "relative_activity": 5.04722, "balance": 4.442919, "dry_up": 1.416499, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.01407, "annualized_volatility": 0.094315, "from_high_reference": -0.010415, "from_low_reference": 0.241782 }, "levels": { "trend_reference": 5.7577, "fair_value_reference": 5.256685, "structural_low": 5.298, "invalidation": "A 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5.93301, 5.821045 ] }, { "date": "2026-07-24", "close": 6.097, "volume": 648, "typical_volume": 8043.55, "trend": 5.712633, "fair_value": 5.241505, "relative_strength": -3.159043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.942922, "energy": 69.598229, "activity_lines": [ 6.0976, 6.073145, 5.961252, 5.847209 ] }, { "date": "2026-07-31", "close": 6.064, "volume": 3716, "typical_volume": 8137.6, "trend": 5.733667, "fair_value": 5.248302, "relative_strength": -4.221085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.295682, "energy": 63.911155, "activity_lines": [ 6.089133, 6.075018, 5.983781, 5.869877 ] }, { "date": "2026-08-07", "close": 6.271, "volume": 54887, "typical_volume": 10874.7, "trend": 5.7577, "fair_value": 5.256685, "relative_strength": -3.716536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.275269, "energy": 73.30545, "activity_lines": [ 6.1474, 6.113473, 6.023324, 5.904544 ] } ], "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." } } }