{
  "ticker": {
    "uuid": "2dccfc71-722a-4103-a4b2-0f41fe718339",
    "symbol": "METL",
    "name": "iShares Essential Metals Producers UCITS ETF USD Acc",
    "exchange": "MIL",
    "country": "IT",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 9.111,
    "direction": "positive",
    "state": "Positive, shorter trend weakening",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 4.971,
    "boundary_margin": 0.83283,
    "trend_agreement": "Broadly aligned",
    "persistence": "Mature",
    "direction_turnover": "Low",
    "annualized_volatility": 0.420572,
    "volatility_stability": 0.8958,
    "risk_context": 0.2378,
    "current_regime": {
      "move": 0.39568,
      "interruption": -0.231426,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 90.0,
    "interpretation": {
      "label": "Positive, shorter trend weakening",
      "headline": "Positive, shorter trend weakening",
      "body": "The Core Trend remains in force, but the Fast Trend now points the other way. That is an early loss of persistence, not yet a regime change.",
      "age_context": "The current Core Trend has persisted into a mature lifecycle.",
      "boundary_context": "The latest close is 83.3% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2025-10-10",
        "close": 6.528,
        "direction_boundary": 5.6935,
        "core_momentum": 0.146571,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.214896
      },
      {
        "date": "2025-10-17",
        "close": 6.489,
        "direction_boundary": 5.151,
        "core_momentum": 0.259755,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.211834
      },
      {
        "date": "2025-10-24",
        "close": 7.5724,
        "direction_boundary": 5.113,
        "core_momentum": 0.481009,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.283324
      },
      {
        "date": "2025-10-31",
        "close": 6.567,
        "direction_boundary": 5.068,
        "core_momentum": 0.295777,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.36456
      },
      {
        "date": "2025-11-07",
        "close": 6.359,
        "direction_boundary": 5.274,
        "core_momentum": 0.205726,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.370883
      },
      {
        "date": "2025-11-14",
        "close": 6.665,
        "direction_boundary": 4.897,
        "core_momentum": 0.361037,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.37195
      },
      {
        "date": "2025-11-21",
        "close": 6.381,
        "direction_boundary": 4.992,
        "core_momentum": 0.278245,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.377703
      },
      {
        "date": "2025-11-28",
        "close": 6.973,
        "direction_boundary": 4.9675,
        "core_momentum": 0.403724,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.391131
      },
      {
        "date": "2025-12-05",
        "close": 7.243,
        "direction_boundary": 5.003,
        "core_momentum": 0.447731,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.389427
      },
      {
        "date": "2025-12-12",
        "close": 7.258,
        "direction_boundary": 5.056,
        "core_momentum": 0.435522,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.386363
      },
      {
        "date": "2025-12-19",
        "close": 7.515,
        "direction_boundary": 5.056,
        "core_momentum": 0.486353,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.382986
      },
      {
        "date": "2025-12-26",
        "close": 7.791,
        "direction_boundary": 5.056,
        "core_momentum": 0.540941,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.381409
      },
      {
        "date": "2026-01-02",
        "close": 7.81,
        "direction_boundary": 5.056,
        "core_momentum": 0.544699,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.382155
      },
      {
        "date": "2026-01-09",
        "close": 8.5,
        "direction_boundary": 4.665,
        "core_momentum": 0.822079,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.392748
      },
      {
        "date": "2026-01-16",
        "close": 8.838,
        "direction_boundary": 4.809,
        "core_momentum": 0.837804,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.393327
      },
      {
        "date": "2026-01-23",
        "close": 9.368,
        "direction_boundary": 4.809,
        "core_momentum": 0.948014,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.395513
      },
      {
        "date": "2026-01-30",
        "close": 9.037,
        "direction_boundary": 4.683,
        "core_momentum": 0.929746,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.379337
      },
      {
        "date": "2026-02-06",
        "close": 8.886,
        "direction_boundary": 4.8105,
        "core_momentum": 0.847209,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.381935
      },
      {
        "date": "2026-02-13",
        "close": 9.127,
        "direction_boundary": 4.8385,
        "core_momentum": 0.886328,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.381574
      },
      {
        "date": "2026-02-20",
        "close": 9.21,
        "direction_boundary": 4.77,
        "core_momentum": 0.930818,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.381759
      },
      {
        "date": "2026-02-27",
        "close": 10.068,
        "direction_boundary": 4.535,
        "core_momentum": 1.220066,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.392692
      },
      {
        "date": "2026-03-06",
        "close": 9.018,
        "direction_boundary": 4.5505,
        "core_momentum": 0.98176,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.434849
      },
      {
        "date": "2026-03-13",
        "close": 8.664,
        "direction_boundary": 4.456,
        "core_momentum": 0.944345,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.441398
      },
      {
        "date": "2026-03-20",
        "close": 7.738,
        "direction_boundary": 4.6985,
        "core_momentum": 0.646909,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.476521
      },
      {
        "date": "2026-03-27",
        "close": 8.191,
        "direction_boundary": 4.5675,
        "core_momentum": 0.793322,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.476386
      },
      {
        "date": "2026-04-03",
        "close": 8.7,
        "direction_boundary": 4.149,
        "core_momentum": 1.096891,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.476741
      },
      {
        "date": "2026-04-10",
        "close": 9.273,
        "direction_boundary": 3.759,
        "core_momentum": 1.466879,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.482178
      },
      {
        "date": "2026-04-17",
        "close": 9.639,
        "direction_boundary": 3.9775,
        "core_momentum": 1.423382,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.482549
      },
      {
        "date": "2026-04-24",
        "close": 9.095,
        "direction_boundary": 4.07,
        "core_momentum": 1.234644,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.44876
      },
      {
        "date": "2026-05-01",
        "close": 8.89,
        "direction_boundary": 4.07,
        "core_momentum": 1.184275,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.396693
      },
      {
        "date": "2026-05-08",
        "close": 9.411,
        "direction_boundary": 4.186,
        "core_momentum": 1.248208,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.396253
      },
      {
        "date": "2026-05-15",
        "close": 9.152,
        "direction_boundary": 4.3555,
        "core_momentum": 1.101251,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.397796
      },
      {
        "date": "2026-05-22",
        "close": 9.204,
        "direction_boundary": 4.264,
        "core_momentum": 1.158537,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.389778
      },
      {
        "date": "2026-05-29",
        "close": 9.623,
        "direction_boundary": 4.3435,
        "core_momentum": 1.215494,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.377476
      },
      {
        "date": "2026-06-05",
        "close": 9.0,
        "direction_boundary": 4.569,
        "core_momentum": 0.969796,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.391042
      },
      {
        "date": "2026-06-12",
        "close": 9.249,
        "direction_boundary": 4.479,
        "core_momentum": 1.06497,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.391795
      },
      {
        "date": "2026-06-19",
        "close": 9.015,
        "direction_boundary": 4.3925,
        "core_momentum": 1.052362,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.392897
      },
      {
        "date": "2026-06-26",
        "close": 8.372,
        "direction_boundary": 4.6155,
        "core_momentum": 0.813888,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.406038
      },
      {
        "date": "2026-07-03",
        "close": 8.459,
        "direction_boundary": 4.7255,
        "core_momentum": 0.790075,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.406173
      },
      {
        "date": "2026-07-10",
        "close": 8.152,
        "direction_boundary": 4.8175,
        "core_momentum": 0.692164,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.392085
      },
      {
        "date": "2026-07-17",
        "close": 7.784,
        "direction_boundary": 4.891,
        "core_momentum": 0.591495,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.392238
      },
      {
        "date": "2026-07-24",
        "close": 8.19,
        "direction_boundary": 5.103,
        "core_momentum": 0.604938,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.389985
      },
      {
        "date": "2026-07-31",
        "close": 8.121,
        "direction_boundary": 4.733,
        "core_momentum": 0.715825,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.387498
      },
      {
        "date": "2026-08-07",
        "close": 9.111,
        "direction_boundary": 4.971,
        "core_momentum": 0.83283,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.420572
      }
    ],
    "price_history": [
      {
        "date": "2024-10-11",
        "close": 5.6935,
        "volume": 0
      },
      {
        "date": "2024-10-18",
        "close": 5.151,
        "volume": 3636
      },
      {
        "date": "2024-10-25",
        "close": 5.113,
        "volume": 1406
      },
      {
        "date": "2024-11-01",
        "close": 5.068,
        "volume": 636
      },
      {
        "date": "2024-11-08",
        "close": 5.274,
        "volume": 6147
      },
      {
        "date": "2024-11-15",
        "close": 4.897,
        "volume": 1009
      },
      {
        "date": "2024-11-22",
        "close": 4.992,
        "volume": 34
      },
      {
        "date": "2024-11-29",
        "close": 4.9675,
        "volume": 105
      },
      {
        "date": "2024-12-06",
        "close": 5.003,
        "volume": 107
      },
      {
        "date": "2024-12-13",
        "close": 5.056,
        "volume": 181
      },
      {
        "date": "2024-12-20",
        "close": 5.056,
        "volume": 0
      },
      {
        "date": "2024-12-27",
        "close": 5.056,
        "volume": 0
      },
      {
        "date": "2025-01-03",
        "close": 5.056,
        "volume": 0
      },
      {
        "date": "2025-01-10",
        "close": 4.665,
        "volume": 2090
      },
      {
        "date": "2025-01-17",
        "close": 4.809,
        "volume": 200
      },
      {
        "date": "2025-01-24",
        "close": 4.809,
        "volume": 0
      },
      {
        "date": "2025-01-31",
        "close": 4.683,
        "volume": 650
      },
      {
        "date": "2025-02-07",
        "close": 4.8105,
        "volume": 13059
      },
      {
        "date": "2025-02-14",
        "close": 4.8385,
        "volume": 6383
      },
      {
        "date": "2025-02-21",
        "close": 4.77,
        "volume": 10937
      },
      {
        "date": "2025-02-28",
        "close": 4.535,
        "volume": 66107
      },
      {
        "date": "2025-03-07",
        "close": 4.5505,
        "volume": 10680
      },
      {
        "date": "2025-03-14",
        "close": 4.456,
        "volume": 11060
      },
      {
        "date": "2025-03-21",
        "close": 4.6985,
        "volume": 17526
      },
      {
        "date": "2025-03-28",
        "close": 4.5675,
        "volume": 9167
      },
      {
        "date": "2025-04-04",
        "close": 4.149,
        "volume": 9958
      },
      {
        "date": "2025-04-11",
        "close": 3.759,
        "volume": 32688
      },
      {
        "date": "2025-04-18",
        "close": 3.9775,
        "volume": 1347
      },
      {
        "date": "2025-04-25",
        "close": 4.07,
        "volume": 149
      },
      {
        "date": "2025-05-02",
        "close": 4.07,
        "volume": 0
      },
      {
        "date": "2025-05-09",
        "close": 4.186,
        "volume": 3390
      },
      {
        "date": "2025-05-16",
        "close": 4.3555,
        "volume": 3254
      },
      {
        "date": "2025-05-23",
        "close": 4.264,
        "volume": 3931
      },
      {
        "date": "2025-05-30",
        "close": 4.3435,
        "volume": 5810
      },
      {
        "date": "2025-06-06",
        "close": 4.569,
        "volume": 224
      },
      {
        "date": "2025-06-13",
        "close": 4.479,
        "volume": 3422
      },
      {
        "date": "2025-06-20",
        "close": 4.3925,
        "volume": 60
      },
      {
        "date": "2025-06-27",
        "close": 4.6155,
        "volume": 8203
      },
      {
        "date": "2025-07-04",
        "close": 4.7255,
        "volume": 37908
      },
      {
        "date": "2025-07-11",
        "close": 4.8175,
        "volume": 42423
      },
      {
        "date": "2025-07-18",
        "close": 4.891,
        "volume": 23269
      },
      {
        "date": "2025-07-25",
        "close": 5.103,
        "volume": 29153
      },
      {
        "date": "2025-08-01",
        "close": 4.733,
        "volume": 51362
      },
      {
        "date": "2025-08-08",
        "close": 4.971,
        "volume": 21474
      },
      {
        "date": "2025-08-15",
        "close": 5.147,
        "volume": 24954
      },
      {
        "date": "2025-08-22",
        "close": 5.21,
        "volume": 13289
      },
      {
        "date": "2025-08-29",
        "close": 5.284,
        "volume": 3379
      },
      {
        "date": "2025-09-05",
        "close": 5.44,
        "volume": 29172
      },
      {
        "date": "2025-09-12",
        "close": 5.662,
        "volume": 18961
      },
      {
        "date": "2025-09-19",
        "close": 5.718,
        "volume": 74625
      },
      {
        "date": "2025-09-26",
        "close": 6.057,
        "volume": 126349
      },
      {
        "date": "2025-10-03",
        "close": 6.422,
        "volume": 63704
      },
      {
        "date": "2025-10-10",
        "close": 6.528,
        "volume": 37457
      },
      {
        "date": "2025-10-17",
        "close": 6.489,
        "volume": 189999
      },
      {
        "date": "2025-10-24",
        "close": 7.5724,
        "volume": 52909
      },
      {
        "date": "2025-10-31",
        "close": 6.567,
        "volume": 50884
      },
      {
        "date": "2025-11-07",
        "close": 6.359,
        "volume": 73730
      },
      {
        "date": "2025-11-14",
        "close": 6.665,
        "volume": 41885
      },
      {
        "date": "2025-11-21",
        "close": 6.381,
        "volume": 64964
      },
      {
        "date": "2025-11-28",
        "close": 6.973,
        "volume": 61714
      },
      {
        "date": "2025-12-05",
        "close": 7.243,
        "volume": 166596
      },
      {
        "date": "2025-12-12",
        "close": 7.258,
        "volume": 60223
      },
      {
        "date": "2025-12-19",
        "close": 7.515,
        "volume": 63884
      },
      {
        "date": "2025-12-26",
        "close": 7.791,
        "volume": 102165
      },
      {
        "date": "2026-01-02",
        "close": 7.81,
        "volume": 77562
      },
      {
        "date": "2026-01-09",
        "close": 8.5,
        "volume": 317848
      },
      {
        "date": "2026-01-16",
        "close": 8.838,
        "volume": 224761
      },
      {
        "date": "2026-01-23",
        "close": 9.368,
        "volume": 216070
      },
      {
        "date": "2026-01-30",
        "close": 9.037,
        "volume": 472189
      },
      {
        "date": "2026-02-06",
        "close": 8.886,
        "volume": 623704
      },
      {
        "date": "2026-02-13",
        "close": 9.127,
        "volume": 215318
      },
      {
        "date": "2026-02-20",
        "close": 9.21,
        "volume": 177165
      },
      {
        "date": "2026-02-27",
        "close": 10.068,
        "volume": 385769
      },
      {
        "date": "2026-03-06",
        "close": 9.018,
        "volume": 310223
      },
      {
        "date": "2026-03-13",
        "close": 8.664,
        "volume": 249535
      },
      {
        "date": "2026-03-20",
        "close": 7.738,
        "volume": 226911
      },
      {
        "date": "2026-03-27",
        "close": 8.191,
        "volume": 180093
      },
      {
        "date": "2026-04-03",
        "close": 8.7,
        "volume": 94653
      },
      {
        "date": "2026-04-10",
        "close": 9.273,
        "volume": 193690
      },
      {
        "date": "2026-04-17",
        "close": 9.639,
        "volume": 139727
      },
      {
        "date": "2026-04-24",
        "close": 9.095,
        "volume": 58141
      },
      {
        "date": "2026-05-01",
        "close": 8.89,
        "volume": 98742
      },
      {
        "date": "2026-05-08",
        "close": 9.411,
        "volume": 148620
      },
      {
        "date": "2026-05-15",
        "close": 9.152,
        "volume": 215058
      },
      {
        "date": "2026-05-22",
        "close": 9.204,
        "volume": 187974
      },
      {
        "date": "2026-05-29",
        "close": 9.623,
        "volume": 139977
      },
      {
        "date": "2026-06-05",
        "close": 9.0,
        "volume": 121976
      },
      {
        "date": "2026-06-12",
        "close": 9.249,
        "volume": 42451
      },
      {
        "date": "2026-06-19",
        "close": 9.015,
        "volume": 11327
      },
      {
        "date": "2026-06-26",
        "close": 8.372,
        "volume": 10333
      },
      {
        "date": "2026-07-03",
        "close": 8.459,
        "volume": 10652
      },
      {
        "date": "2026-07-10",
        "close": 8.152,
        "volume": 198785
      },
      {
        "date": "2026-07-17",
        "close": 7.784,
        "volume": 34376
      },
      {
        "date": "2026-07-24",
        "close": 8.19,
        "volume": 96542
      },
      {
        "date": "2026-07-31",
        "close": 8.121,
        "volume": 139461
      },
      {
        "date": "2026-08-07",
        "close": 9.111,
        "volume": 119467
      }
    ],
    "sharemaestro_context": {
      "trend": 8.886167,
      "fair_value": 6.439827,
      "market_activity": -9.391382,
      "market_dynamics": -1.151403,
      "relative_strength": -0.589618
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": -0.020535,
        "directional_follow_through": 0.3333,
        "regime_survival": 1.0,
        "conditional_difference": -0.038895,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.099505,
        "directional_follow_through": 0.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.158587,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "positive",
        "start": "2025-10-10",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.39568
      }
    ]
  }
}