{ "ticker": { "uuid": "0288f887-6cf7-4970-acba-1af3fbe253a8", "symbol": "NESG", "name": "Invesco Markets II plc - Invesco NASDAQ-100 ESG UCITS ETF USD Acc", "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": 93.819, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 51.894, "architecture_energy": 30.102, "architecture_maturity": 67.996, "architecture_confidence": 79.775, "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": 25.36, "rotation_up": 32.56, "upward_expansion": 62.81, "deceleration": 85.49, "rotation_down": 28.36, "downward_expansion": 21.81 }, "activity_lines": [ 73.97, 74.574363, 73.778619, 71.269935 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 75.830002, "trend_reference": 68.165, "distance_from_trend": 0.112448, "trend_direction": "Improving", "fair_value": 55.219904, "distance_from_fair_value": 0.373237, "fair_value_direction": "Weakening", "relative_strength": -0.163771, "relative_strength_direction": "Weakening", "price_momentum": 0.245361, "excess_performance": 0.074469, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.112448, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.062969, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.373237, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004637, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.001638, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.047081, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.245361, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.80724, "read": "Supply-led" } ], "volume": { "latest": 283206, "relative_activity": 1.669243, "balance": 0.80724, "dry_up": 2.260359, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.034896, "annualized_volatility": 0.19449, "from_high_reference": -0.022053, "from_low_reference": 0.331987 }, "levels": { "trend_reference": 68.165, "fair_value_reference": 55.219904, "structural_low": 58.220001, "invalidation": "A 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.426383, "energy": 65.323155, "activity_lines": [ 76.095333, 75.723091, 72.330095, 69.643247 ] }, { "date": "2026-07-17", "close": 73.360001, "volume": 339723, "typical_volume": 125694.25, "trend": 67.123, "fair_value": 54.567115, "relative_strength": -0.052644, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.864198, "energy": 53.137339, "activity_lines": [ 75.213334, 75.398545, 72.753476, 70.068322 ] }, { "date": "2026-07-24", "close": 73.339996, "volume": 243155, "typical_volume": 130608.2, "trend": 67.465666, "fair_value": 54.776474, "relative_strength": 0.065098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.746565, "energy": 44.208139, "activity_lines": [ 74.430665, 75.044726, 73.115285, 70.469419 ] }, { "date": "2026-07-31", "close": 71.82, "volume": 667898, "typical_volume": 159340.9, "trend": 67.776333, "fair_value": 54.981923, "relative_strength": -2.63418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.263841, "energy": 27.077562, "activity_lines": [ 73.418666, 74.418908, 73.28019, 70.750343 ] }, { "date": "2026-08-07", "close": 75.830002, "volume": 283206, "typical_volume": 169661.3, "trend": 68.165, "fair_value": 55.219904, "relative_strength": -0.163771, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.894144, "energy": 30.102342, "activity_lines": [ 73.97, 74.574363, 73.778619, 71.269935 ] } ], "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." } } }