{ "ticker": { "uuid": "e92c4d99-b431-4aad-98e3-2755b8d65167", "symbol": "IWDE", "name": "iShares MSCI World EUR Hedged UCITS ETF (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": 74.859, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.349, "architecture_energy": 61.467, "architecture_maturity": 61.498, "architecture_confidence": 62.659, "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": 15.02, "rotation_up": 54.04, "upward_expansion": 80.49, "deceleration": 68.71, "rotation_down": 27.11, "downward_expansion": 9.49 }, "activity_lines": [ 118.228001, 117.652001, 116.430762, 114.418538 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 121.080002, "trend_reference": 112.193667, "distance_from_trend": 0.079205, "trend_direction": "Improving", "fair_value": 93.625962, "distance_from_fair_value": 0.293231, "fair_value_direction": "Improving", "relative_strength": -4.698145, "relative_strength_direction": "Weakening", "price_momentum": 0.112356, "excess_performance": -0.058535, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079205, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032891, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.293231, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.01973, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.046981, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.015431, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.112356, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.538956, "read": "Demand-led" } ], "volume": { "latest": 73371, "relative_activity": 0.4002, "balance": 1.538956, "dry_up": 0.640665, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.018081, "annualized_volatility": 0.121968, "from_high_reference": -0.001155, "from_low_reference": 0.21274 }, "levels": { "trend_reference": 112.193667, "fair_value_reference": 93.625962, "structural_low": 101.129997, 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"fair_value": 92.773205, "relative_strength": -5.29184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.922764, "energy": 59.582732, "activity_lines": [ 117.171999, 116.930545, 114.925333, 113.136602 ] }, { "date": "2026-07-24", "close": 116.720001, "volume": 125012, "typical_volume": 211408.25, "trend": 111.5, "fair_value": 93.041667, "relative_strength": -5.008403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.375051, "energy": 54.834141, "activity_lines": [ 117.053333, 116.938545, 115.340571, 113.492344 ] }, { "date": "2026-07-31", "close": 116.580002, "volume": 129137, "typical_volume": 196034.35, "trend": 111.804, "fair_value": 93.316667, "relative_strength": -5.637699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.359161, "energy": 46.898814, "activity_lines": [ 116.922667, 116.888364, 115.698571, 113.820086 ] }, { "date": "2026-08-07", "close": 121.080002, "volume": 73371, "typical_volume": 183336.05, "trend": 112.193667, "fair_value": 93.625962, "relative_strength": -4.698145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.348994, "energy": 61.466544, "activity_lines": [ 118.228001, 117.652001, 116.430762, 114.418538 ] } ], "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." } } }