{ "ticker": { "uuid": "ecbd4816-f40d-42c6-b1b4-8da16dfaff0b", "symbol": "EWSP", "name": "iShares S&P 500 Equal Weight UCITS ETF USD (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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.451, "architecture_energy": 70.228, "architecture_maturity": 79.819, "architecture_confidence": 79.839, "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": 4.95, "rotation_up": 63.03, "upward_expansion": 87.67, "deceleration": 65.79, "rotation_down": 27.23, "downward_expansion": 12.0 }, "activity_lines": [ 6.8458, 6.812273, 6.659448, 6.530447 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 6.92, "trend_reference": 6.382667, "distance_from_trend": 0.084186, "trend_direction": "Improving", "fair_value": 5.943509, "distance_from_fair_value": 0.164295, "fair_value_direction": "Improving", "relative_strength": -3.462544, "relative_strength_direction": "Improving", "price_momentum": 0.125386, "excess_performance": -0.045505, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084186, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.046819, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.164295, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.089358, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.034625, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.027845, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.125386, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.777997, "read": "Demand-led" } ], "volume": { "latest": 660172, "relative_activity": 1.114122, "balance": 2.777997, "dry_up": 1.851608, "accumulation_observations": 6, "distribution_observations": 1 }, "risk": { "range_context": 0.016952, "annualized_volatility": 0.083435, "from_high_reference": -0.007316, "from_low_reference": 0.228257 }, "levels": { "trend_reference": 6.382667, "fair_value_reference": 5.943509, "structural_low": 5.92, "invalidation": 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"energy": 84.769283, "activity_lines": [ 6.826333, 6.7602, 6.581248, 6.465065 ] }, { "date": "2026-07-31", "close": 6.777, "volume": 1807454, "typical_volume": 581471.65, "trend": 6.3561, "fair_value": 5.934297, "relative_strength": -2.747758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.406749, "energy": 66.13738, "activity_lines": [ 6.811667, 6.776291, 6.615105, 6.494067 ] }, { "date": "2026-08-07", "close": 6.92, "volume": 660172, "typical_volume": 592548.85, "trend": 6.382667, "fair_value": 5.943509, "relative_strength": -3.462544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.451202, "energy": 70.228247, "activity_lines": [ 6.8458, 6.812273, 6.659448, 6.530447 ] } ], "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." } } }