{ "ticker": { "uuid": "e4ee6ea3-9be1-411d-9cfb-537eac66628f", "symbol": "LDEU", "name": "L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis", "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": 93.158, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 89.265, "architecture_energy": 93.8, "architecture_maturity": 38.067, "architecture_confidence": 69.197, "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": 2.94, "rotation_up": 85.81, "upward_expansion": 99.45, "deceleration": 39.24, "rotation_down": 10.54, "downward_expansion": 21.45 }, "activity_lines": [ 18.217466, 18.006949, 17.710265, 17.473835 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 18.486, "trend_reference": 17.182847, "distance_from_trend": 0.07584, "trend_direction": "Improving", "fair_value": 13.058072, "distance_from_fair_value": 0.415676, "fair_value_direction": "Improving", "relative_strength": -2.58709, "relative_strength_direction": "Weakening", "price_momentum": 0.096898, "excess_performance": -0.073994, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.07584, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047184, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.415676, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.027764, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025871, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.006057, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.096898, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.230296, "read": "Demand-led" } ], "volume": { "latest": 49862, "relative_activity": 3.320414, "balance": 4.230296, "dry_up": 2.061991, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.014942, "annualized_volatility": 0.11057, "from_high_reference": -0.003665, "from_low_reference": 0.279896 }, "levels": { "trend_reference": 17.182847, "fair_value_reference": 13.058072, "structural_low": 15.67, 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"upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.011244, "energy": 81.059448, "activity_lines": [ 17.713733, 17.589817, 17.346267, 17.16996 ] }, { "date": "2026-07-17", "close": 17.882, "volume": 7295, "typical_volume": 13395.55, "trend": 16.961225, "fair_value": 12.890371, "relative_strength": -2.517726, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.71565, "energy": 80.360578, "activity_lines": [ 17.779733, 17.663529, 17.416889, 17.233922 ] }, { "date": "2026-07-24", "close": 18.077999, "volume": 14819, "typical_volume": 11544.05, "trend": 17.034799, "fair_value": 12.9446, "relative_strength": -1.276807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.904776, "energy": 87.851111, "activity_lines": [ 17.894933, 17.759523, 17.503549, 17.305972 ] }, { "date": "2026-07-31", "close": 18.257999, "volume": 51882, "typical_volume": 13522.85, "trend": 17.107319, "fair_value": 12.999995, "relative_strength": -0.984092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.78196, "energy": 89.231228, "activity_lines": [ 18.043999, 17.870406, 17.600331, 17.384888 ] }, { "date": "2026-08-07", "close": 18.486, "volume": 49862, "typical_volume": 15016.8, "trend": 17.182847, "fair_value": 13.058072, "relative_strength": -2.58709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.264802, "energy": 93.800082, "activity_lines": [ 18.217466, 18.006949, 17.710265, 17.473835 ] } ], "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." } } }