{ "ticker": { "uuid": "07d253d4-4af8-4d31-96a2-47204c8aee04", "symbol": "E127", "name": "Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist", "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": 66.189, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 25.516, "architecture_energy": 24.282, "architecture_maturity": 65.419, "architecture_confidence": 77.456, "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": 53.83, "rotation_up": 18.28, "upward_expansion": 52.43, "deceleration": 93.99, "rotation_down": 35.55, "downward_expansion": 18.43 }, "activity_lines": [ 63.530666, 64.561999, 64.331714, 62.803075 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 64.169998, "trend_reference": 60.811, "distance_from_trend": 0.055237, "trend_direction": "Improving", "fair_value": 46.709103, "distance_from_fair_value": 0.373822, "fair_value_direction": "Weakening", "relative_strength": -2.447332, "relative_strength_direction": "Weakening", "price_momentum": 0.133145, "excess_performance": -0.037747, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.055237, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.077326, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.373822, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.079827, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.024473, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.124574, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.133145, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.576806, "read": "Supply-led" } ], "volume": { "latest": 39229, "relative_activity": 1.108792, "balance": 0.576806, "dry_up": 2.315273, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.043598, "annualized_volatility": 0.226125, "from_high_reference": -0.072017, "from_low_reference": 0.3725 }, "levels": { "trend_reference": 60.811, "fair_value_reference": 46.709103, "structural_low": 53.200001, "invalidation": "A 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64.169998, "volume": 39229, "typical_volume": 35379.95, "trend": 60.811, "fair_value": 46.709103, "relative_strength": -2.447332, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.516116, "energy": 24.28171, "activity_lines": [ 63.530666, 64.561999, 64.331714, 62.803075 ] } ], "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." } } }