{
  "ticker": {
    "uuid": "05aeb60d-46c1-4214-87e9-2210c1802b93",
    "symbol": "WLDC",
    "name": "Amundi MSCI World Swap II UCITS ETF 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": 94.088,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.516,
    "architecture_energy": 69.647,
    "architecture_maturity": 82.08,
    "architecture_confidence": 72.836,
    "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": 9.44,
        "rotation_up": 58.33,
        "upward_expansion": 85.33,
        "deceleration": 68.37,
        "rotation_down": 28.6,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        18.8144,
        18.727854,
        18.445962,
        18.061832
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 19.184,
    "trend_reference": 17.613733,
    "distance_from_trend": 0.08915,
    "trend_direction": "Improving",
    "fair_value": 14.926169,
    "distance_from_fair_value": 0.285259,
    "fair_value_direction": "Improving",
    "relative_strength": -3.272769,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.142721,
    "excess_performance": -0.028171,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08915,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.041456,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.285259,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.041536,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.032728,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.002819,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.142721,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.529507,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 143669,
      "relative_activity": 1.00236,
      "balance": 2.529507,
      "dry_up": 1.193629,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.016801,
      "annualized_volatility": 0.106883,
      "from_high_reference": -0.001769,
      "from_low_reference": 0.240559
    },
    "levels": {
      "trend_reference": 17.613733,
      "fair_value_reference": 14.926169,
      "structural_low": 15.6,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 31,
        "median_return": 0.012677,
        "positive_rate": 0.709677,
        "directional_follow_through": 0.709677,
        "median_excess_return": 0.002202,
        "regime_survival": 0.870968,
        "best_return": 0.071828,
        "worst_return": -0.084716,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.057011,
        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
        "median_excess_return": 0.00882,
        "regime_survival": 0.6,
        "best_return": 0.101509,
        "worst_return": -0.148649,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.085202,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.013495,
        "regime_survival": 0.4,
        "best_return": 0.15923,
        "worst_return": -0.05043,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.152553,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.032125,
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        "best_return": 0.237373,
        "worst_return": 0.067733,
        "sufficient": false
      }
    ],
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        "end": "2023-10-13",
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
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        "regime": "downward_expansion",
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 142687.2,
        "trend": 17.409667,
        "fair_value": 14.787797,
        "relative_strength": -3.02801,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 64.884942,
        "energy": 80.553681,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 18.691999,
        "volume": 188253,
        "typical_volume": 143172.1,
        "trend": 17.478067,
        "fair_value": 14.832272,
        "relative_strength": -2.46964,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 65.991371,
        "energy": 65.867893,
        "activity_lines": [
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          17.887531
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      },
      {
        "date": "2026-07-31",
        "close": 18.538,
        "volume": 182510,
        "typical_volume": 144711.25,
        "trend": 17.542267,
        "fair_value": 14.876874,
        "relative_strength": -3.834905,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.765441,
        "energy": 61.002279,
        "activity_lines": [
          18.648,
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          18.322352,
          17.955914
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.184,
        "volume": 143669,
        "typical_volume": 143330.8,
        "trend": 17.613733,
        "fair_value": 14.926169,
        "relative_strength": -3.272769,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.516116,
        "energy": 69.647188,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}