{ "ticker": { "uuid": "ef5c5f3c-f8af-4e1f-af52-fe7ee09a89da", "symbol": "IWMO", "name": "iShares Edge MSCI World Momentum Factor 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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 32.579, "architecture_energy": 26.266, "architecture_maturity": 65.398, "architecture_confidence": 83.671, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 44.3, "rotation_up": 19.92, "upward_expansion": 54.78, "deceleration": 94.0, "rotation_down": 32.08, "downward_expansion": 20.78 }, "activity_lines": [ 99.763334, 101.387819, 100.07662, 96.784775 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 100.160004, "trend_reference": 92.743, "distance_from_trend": 0.079974, "trend_direction": "Improving", "fair_value": 74.986795, "distance_from_fair_value": 0.335702, "fair_value_direction": "Weakening", "relative_strength": -1.966294, "relative_strength_direction": "Weakening", "price_momentum": 0.192381, "excess_performance": 0.021489, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079974, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.076629, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.335702, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.01597, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019663, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.047248, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.192381, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.818906, "read": "Demand-led" } ], "volume": { "latest": 77241, "relative_activity": 1.071112, "balance": 1.818906, "dry_up": 1.297115, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.043338, "annualized_volatility": 0.185914, "from_high_reference": -0.068452, "from_low_reference": 0.291221 }, "levels": { "trend_reference": 92.743, "fair_value_reference": 74.986795, "structural_low": 78.57, "invalidation": "A sustained 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"2026-07-10", "close": 103.139999, "volume": 81148, "typical_volume": 68557.55, "trend": 90.668667, "fair_value": 73.769679, "relative_strength": 2.984445, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.593412, "energy": 74.086652, "activity_lines": [ 104.656001, 103.26291, 98.305429, 94.733528 ] }, { "date": "2026-07-17", "close": 98.18, "volume": 111854, "typical_volume": 70040.6, "trend": 91.183667, "fair_value": 74.066987, "relative_strength": -0.552927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.295509, "energy": 53.019819, "activity_lines": [ 102.434667, 102.633819, 98.735572, 95.21813 ] }, { "date": "2026-07-24", "close": 101.25, "volume": 83251, "typical_volume": 69974.35, "trend": 91.776667, "fair_value": 74.378205, "relative_strength": 2.663835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.265095, "energy": 40.048501, "activity_lines": [ 101.568667, 102.518364, 99.398191, 95.86757 ] }, { "date": "2026-07-31", "close": 98.099998, "volume": 101809, "typical_volume": 70880.95, "trend": 92.266667, "fair_value": 74.675192, "relative_strength": -1.174853, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.394217, "energy": 27.13844, "activity_lines": [ 100.067333, 101.758, 99.675905, 96.275527 ] }, { "date": "2026-08-07", "close": 100.160004, "volume": 77241, "typical_volume": 72112.9, "trend": 92.743, "fair_value": 74.986795, "relative_strength": -1.966294, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.579193, "energy": 26.265845, "activity_lines": [ 99.763334, 101.387819, 100.07662, 96.784775 ] } ], "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." } } }