{ "ticker": { "uuid": "e23d27f4-2b8a-4842-83ec-e2604cd16cef", "symbol": "WITS", "name": "iShares MSCI World Information Technology Sector Advanced UCITS ETF USD Inc", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 76.198, "architecture_energy": 49.335, "architecture_maturity": 70.174, "architecture_confidence": 86.051, "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": 24.22, "rotation_up": 44.25, "upward_expansion": 69.99, "deceleration": 91.45, "rotation_down": 29.51, "downward_expansion": 16.99 }, "activity_lines": [ 17.5284, 17.52371, 17.177137, 16.476395 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 18.204, "trend_reference": 15.630164, "distance_from_trend": 0.164671, "trend_direction": "Improving", "fair_value": 12.710505, "distance_from_fair_value": 0.432201, "fair_value_direction": "Improving", "relative_strength": 4.438986, "relative_strength_direction": "Improving", "price_momentum": 0.321812, "excess_performance": 0.150921, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.164671, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.07067, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.432201, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.06839, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.04439, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.006075, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.321812, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.335995, "read": "Demand-led" } ], "volume": { "latest": 94817, "relative_activity": 1.416531, "balance": 1.335995, "dry_up": 1.726902, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.039437, "annualized_volatility": 0.229882, "from_high_reference": -0.001098, "from_low_reference": 0.405931 }, "levels": { "trend_reference": 15.630164, "fair_value_reference": 12.710505, "structural_low": 12.948, "invalidation": "A sustained loss of 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"fair_value": 12.648147, "relative_strength": 0.07206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.426982, "energy": 37.829891, "activity_lines": [ 17.250267, 17.392032, 16.989627, 16.302668 ] }, { "date": "2026-08-07", "close": 18.204, "volume": 94817, "typical_volume": 66936.05, "trend": 15.630164, "fair_value": 12.710505, "relative_strength": 4.438986, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.198435, "energy": 49.33492, "activity_lines": [ 17.5284, 17.52371, 17.177137, 16.476395 ] } ], "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." } } }