{ "ticker": { "uuid": "fd70ae37-15f3-48e3-bd43-cb6c1b834933", "symbol": "XLIS", "name": "Invesco Industrials S&P US Select Sector 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 69.288, "architecture_energy": 52.017, "architecture_maturity": 79.821, "architecture_confidence": 60.488, "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": 12.72, "rotation_up": 51.11, "upward_expansion": 76.99, "deceleration": 68.66, "rotation_down": 27.52, "downward_expansion": 12.66 }, "activity_lines": [ 881.180664, 880.367998, 861.047474, 846.131696 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 889.23999, "trend_reference": 828.209662, "distance_from_trend": 0.073689, "trend_direction": "Improving", "fair_value": 681.801861, "distance_from_fair_value": 0.30425, "fair_value_direction": "Improving", "relative_strength": -2.860898, "relative_strength_direction": "Improving", "price_momentum": 0.10407, "excess_performance": -0.066822, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073689, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.060494, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.30425, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.053011, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.028609, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007781, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.10407, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.090775, "read": "Demand-led" } ], "volume": { "latest": 1611, "relative_activity": 0.980225, "balance": 2.090775, "dry_up": 0.930027, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.02636, "annualized_volatility": 0.129497, "from_high_reference": -0.01661, "from_low_reference": 0.272725 }, "levels": { "trend_reference": 828.209662, "fair_value_reference": 681.801861, "structural_low": 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"activity_lines": [ 883.206002, 865.109272, 842.414046, 829.7689 ] }, { "date": "2026-07-17", "close": 875.799988, "volume": 615, "typical_volume": 1713.8, "trend": 814.770329, "fair_value": 675.072695, "relative_strength": -1.189851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.862676, "energy": 86.114281, "activity_lines": [ 882.985331, 869.734361, 847.056046, 834.017717 ] }, { "date": "2026-07-24", "close": 893.969971, "volume": 1672, "typical_volume": 1587.05, "trend": 820.036328, "fair_value": 677.368399, "relative_strength": 1.066499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.121543, "energy": 73.591718, "activity_lines": [ 886.614657, 876.592901, 853.175519, 839.127371 ] }, { "date": "2026-07-31", "close": 863.530029, "volume": 2216, "typical_volume": 1637.1, "trend": 824.166663, "fair_value": 679.5084, "relative_strength": -2.936039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.336796, "energy": 53.288759, "activity_lines": [ 878.822668, 876.539453, 856.048761, 841.933416 ] }, { "date": "2026-08-07", "close": 889.23999, "volume": 1611, "typical_volume": 1643.5, "trend": 828.209662, "fair_value": 681.801861, "relative_strength": -2.860898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.288475, "energy": 52.016823, "activity_lines": [ 881.180664, 880.367998, 861.047474, 846.131696 ] } ], "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." } } }