{ "ticker": { "uuid": "d5e22f20-5177-41e4-b121-8c65910f257d", "symbol": "IES", "name": "Intesa Sanpaolo S.p.A.", "exchange": "GER", "country": "DE", "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": "^GDAXI", "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": "Early expansion", "architecture_gate": "up", "architecture_direction": 91.663, "architecture_energy": 95.732, "architecture_maturity": 31.414, "architecture_confidence": 79.612, "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": 0.52, "rotation_up": 87.6, "upward_expansion": 99.86, "deceleration": 39.04, "rotation_down": 9.54, "downward_expansion": 21.86 }, "activity_lines": [ 6.5612, 6.3754, 6.094468, 5.896365 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 6.82, "trend_reference": 5.718262, "distance_from_trend": 0.19267, "trend_direction": "Improving", "fair_value": 3.974207, "distance_from_fair_value": 0.716065, "fair_value_direction": "Improving", "relative_strength": 13.952351, "relative_strength_direction": "Improving", "price_momentum": 0.182909, "excess_performance": 0.11827, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.19267, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043132, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.716065, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.163951, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.139524, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.064328, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.182909, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.298637, "read": "Demand-led" } ], "volume": { "latest": 228975, "relative_activity": 1.035653, "balance": 8.298637, "dry_up": 0.861063, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.033061, "annualized_volatility": 0.276478, "from_high_reference": -0.00641, "from_low_reference": 0.460391 }, "levels": { "trend_reference": 5.718262, "fair_value_reference": 3.974207, "structural_low": 4.669983, "invalidation": "A sustained loss 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"fair_value": 3.913592, "relative_strength": 13.879327, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.707471, "energy": 91.789281, "activity_lines": [ 6.290867, 6.151145, 5.90963, 5.765473 ] }, { "date": "2026-07-31", "close": 6.547, "volume": 156641, "typical_volume": 224153.05, "trend": 5.682241, "fair_value": 3.942775, "relative_strength": 12.838648, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.537096, "energy": 91.887679, "activity_lines": [ 6.4002, 6.246855, 5.992793, 5.822961 ] }, { "date": "2026-08-07", "close": 6.82, "volume": 228975, "typical_volume": 221092.4, "trend": 5.718262, "fair_value": 3.974207, "relative_strength": 13.952351, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.663232, "energy": 95.732113, "activity_lines": [ 6.5612, 6.3754, 6.094468, 5.896365 ] } ], "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." } } }