{ "ticker": { "uuid": "ece76013-0db6-4d2f-bbad-428af1267059", "symbol": "TEET", "name": "VanEck European Equal Weight Screened UCITS ETF", "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": 74.826, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 85.397, "architecture_energy": 68.064, "architecture_maturity": 31.556, "architecture_confidence": 79.154, "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": 7.66, "rotation_up": 63.23, "upward_expansion": 88.01, "deceleration": 48.68, "rotation_down": 23.76, "downward_expansion": 12.35 }, "activity_lines": [ 96.392667, 95.923091, 94.603011, 93.437126 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 98.419998, "trend_reference": 92.302208, "distance_from_trend": 0.06628, "trend_direction": "Improving", "fair_value": 77.548639, "distance_from_fair_value": 0.269139, "fair_value_direction": "Improving", "relative_strength": -5.491611, "relative_strength_direction": "Improving", "price_momentum": 0.069722, "excess_performance": -0.10117, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06628, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.031142, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.269139, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.050592, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.054916, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.014648, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.069722, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.398595, "read": "Demand-led" } ], "volume": { "latest": 299, "relative_activity": 0.723358, "balance": 1.398595, "dry_up": 0.48748, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.018369, "annualized_volatility": 0.181212, "from_high_reference": -0.001319, "from_low_reference": 0.211835 }, "levels": { "trend_reference": 92.302208, "fair_value_reference": 77.548639, "structural_low": 82.330002, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 45, "median_return": 0.002479, "positive_rate": 0.533333, "directional_follow_through": 0.533333, "median_excess_return": -0.006342, "regime_survival": 0.822222, "best_return": 0.077971, "worst_return": -0.05097, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.021338, "positive_rate": 0.733333, "directional_follow_through": 0.733333, "median_excess_return": -0.014, "regime_survival": 0.733333, "best_return": 0.084982, "worst_return": -0.058957, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.077472, "positive_rate": 0.888889, "directional_follow_through": 0.888889, "median_excess_return": -0.018395, "regime_survival": 0.777778, "best_return": 0.125714, "worst_return": -0.176627, "sufficient": true }, { 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"upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.1319, "energy": 73.492013, "activity_lines": [ 95.815333, 95.18285, 93.473154, 92.605023 ] }, { "date": "2026-07-24", "close": 94.300003, "volume": 238, "typical_volume": 402.35, "trend": 91.843775, "fair_value": 77.110593, "relative_strength": -6.403837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.280409, "energy": 62.587172, "activity_lines": [ 95.347334, 95.148541, 93.701027, 92.776582 ] }, { "date": "2026-07-31", "close": 95.709999, "volume": 207, "typical_volume": 405.5, "trend": 92.047789, "fair_value": 77.31498, "relative_strength": -5.513407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.089196, "energy": 48.445175, "activity_lines": [ 95.438667, 95.296452, 94.041233, 93.026016 ] }, { "date": "2026-08-07", "close": 98.419998, "volume": 299, "typical_volume": 413.35, "trend": 92.302208, "fair_value": 77.548639, "relative_strength": -5.491611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.397092, "energy": 68.064111, "activity_lines": [ 96.392667, 95.923091, 94.603011, 93.437126 ] } ], "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." } } }