{ "ticker": { "uuid": "cb736aad-858a-4b64-a3a8-771f88732209", "symbol": "DPAY", "name": "Legal & General UCITS ETF Plc - L&G Digital Payments UCITS ETF", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 58.048, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 74.831, "architecture_energy": 86.302, "architecture_maturity": 15.512, "architecture_confidence": 60.127, "architecture_tenure": "New", "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": 17.05, "rotation_up": 79.78, "upward_expansion": 96.25, "deceleration": 42.68, "rotation_down": 9.86, "downward_expansion": 20.59 }, "activity_lines": [ 6.6838, 6.543273, 6.283038, 6.145 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 6.75, "trend_reference": 6.032733, "distance_from_trend": 0.118896, "trend_direction": "Weakening", "fair_value": 6.51259, "distance_from_fair_value": 0.036454, "fair_value_direction": "Improving", "relative_strength": -9.044968, "relative_strength_direction": "Improving", "price_momentum": 0.149132, "excess_performance": -0.02176, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.118896, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.001996, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.036454, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.109501, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.09045, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.102529, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.149132, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.039972, "read": "Supply-led" } ], "volume": { "latest": 1943, "relative_activity": 0.078341, "balance": 0.039972, "dry_up": 0.1261, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.03257, "annualized_volatility": 0.239921, "from_high_reference": -0.081882, "from_low_reference": 0.250232 }, "levels": { "trend_reference": 6.032733, "fair_value_reference": 6.51259, "structural_low": 5.399, "invalidation": "A renewed 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6.502321, "relative_strength": -9.333148, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.309011, "energy": 93.677929, "activity_lines": [ 6.507, 6.272091, 6.084376, 6.015484 ] }, { "date": "2026-07-24", "close": 6.493, "volume": 2345, "typical_volume": 26015.8, "trend": 6.008967, "fair_value": 6.50334, "relative_strength": -10.3361, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.964634, "energy": 87.931032, "activity_lines": [ 6.537067, 6.342673, 6.136062, 6.046675 ] }, { "date": "2026-07-31", "close": 6.808, "volume": 3304, "typical_volume": 24885.95, "trend": 6.025, "fair_value": 6.507596, "relative_strength": -6.055837, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.840269, "energy": 92.993712, "activity_lines": [ 6.639467, 6.457036, 6.214962, 6.098226 ] }, { "date": "2026-08-07", "close": 6.75, "volume": 1943, "typical_volume": 24801.75, "trend": 6.032733, "fair_value": 6.51259, "relative_strength": -9.044968, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.831194, "energy": 86.301586, "activity_lines": [ 6.6838, 6.543273, 6.283038, 6.145 ] } ], "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." } } }