{ "ticker": { "uuid": "ee8320da-1613-4a9d-91b8-47f05af0178e", "symbol": "XDW0", "name": "Xtrackers MSCI World Energy UCITS ETF 1C", "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": 88.056, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 54.71, "architecture_energy": 48.453, "architecture_maturity": 5.191, "architecture_confidence": 63.078, "architecture_tenure": "New", "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": 26.86, "rotation_up": 67.48, "upward_expansion": 76.96, "deceleration": 56.4, "rotation_down": 11.27, "downward_expansion": 8.29 }, "activity_lines": [ 62.195334, 60.818, 60.513857, 60.258065 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 61.330002, "trend_reference": 58.977333, "distance_from_trend": 0.039891, "trend_direction": "Improving", "fair_value": 48.118494, "distance_from_fair_value": 0.274562, "fair_value_direction": "Improving", "relative_strength": -1.299451, "relative_strength_direction": "Weakening", "price_momentum": 0.14166, "excess_performance": -0.029231, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.039891, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.081217, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.274562, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.009896, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.012995, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.062629, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.14166, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.593551, "read": "Demand-led" } ], "volume": { "latest": 59814, "relative_activity": 0.690118, "balance": 1.593551, "dry_up": 0.808195, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.043823, "annualized_volatility": 0.281234, "from_high_reference": -0.083533, "from_low_reference": 0.410534 }, "levels": { "trend_reference": 58.977333, "fair_value_reference": 48.118494, "structural_low": 53.380001, 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"deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.165789, "energy": 19.874714, "activity_lines": [ 57.821999, 58.875091, 59.746381, 59.016054 ] }, { "date": "2026-07-17", "close": 61.439999, "volume": 45848, "typical_volume": 103962.35, "trend": 57.397667, "fair_value": 47.725481, "relative_strength": 2.985133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.175906, "energy": 16.068436, "activity_lines": [ 58.896666, 59.224363, 59.869524, 59.310527 ] }, { "date": "2026-07-24", "close": 64.150002, "volume": 97360, "typical_volume": 96518.65, "trend": 58.000667, "fair_value": 47.871314, "relative_strength": 7.406156, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.669191, "energy": 30.918176, "activity_lines": [ 60.847333, 60.017273, 60.22681, 59.746161 ] }, { "date": "2026-07-31", "close": 63.139999, "volume": 77170, "typical_volume": 92146.55, "trend": 58.534833, "fair_value": 48.004231, "relative_strength": 4.776589, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 61.084381, "energy": 47.726606, "activity_lines": [ 62.016666, 60.588363, 60.461333, 60.077731 ] }, { "date": "2026-08-07", "close": 61.330002, "volume": 59814, "typical_volume": 86672.15, "trend": 58.977333, "fair_value": 48.118494, "relative_strength": -1.299451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.710492, "energy": 48.453308, "activity_lines": [ 62.195334, 60.818, 60.513857, 60.258065 ] } ], "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." } } }