{ "ticker": { "uuid": "094430ea-93e4-46b5-ad1f-63b2e4d105bb", "symbol": "CJ1", "name": "Amundi MSCI Japan ESG Broad Transition UCITS ETF EUR 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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 57.19, "architecture_energy": 33.233, "architecture_maturity": 63.906, "architecture_confidence": 76.45, "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": 23.25, "rotation_up": 36.3, "upward_expansion": 66.86, "deceleration": 85.49, "rotation_down": 27.52, "downward_expansion": 16.86 }, "activity_lines": [ 353.755333, 355.245092, 348.984667, 341.780065 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 362.23999, "trend_reference": 333.456001, "distance_from_trend": 0.08632, "trend_direction": "Improving", "fair_value": 276.125, "distance_from_fair_value": 0.31187, "fair_value_direction": "Improving", "relative_strength": -1.44807, "relative_strength_direction": "Weakening", "price_momentum": 0.122042, "excess_performance": -0.04885, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08632, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05988, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.31187, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.046665, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.014481, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.019221, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.122042, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.767362, "read": "Demand-led" } ], "volume": { "latest": 6035, "relative_activity": 1.344113, "balance": 1.767362, "dry_up": 1.072785, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.031885, "annualized_volatility": 0.207526, "from_high_reference": -0.012728, "from_low_reference": 0.307207 }, "levels": { "trend_reference": 333.456001, "fair_value_reference": 276.125, "structural_low": 295.559998, "invalidation": "A 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336.105098 ] }, { "date": "2026-07-17", "close": 344.76001, "volume": 5368, "typical_volume": 4335.9, "trend": 328.399335, "fair_value": 273.762692, "relative_strength": -2.839329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.900436, "energy": 57.514741, "activity_lines": [ 356.778007, 354.318003, 343.876097, 337.265679 ] }, { "date": "2026-07-24", "close": 351.519989, "volume": 2396, "typical_volume": 4390.85, "trend": 330.292001, "fair_value": 274.499423, "relative_strength": -0.831351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.629803, "energy": 44.973597, "activity_lines": [ 354.218669, 354.514364, 345.555048, 338.757334 ] }, { "date": "2026-07-31", "close": 346.790009, "volume": 5468, "typical_volume": 4499.0, "trend": 331.885668, "fair_value": 275.259679, "relative_strength": -2.850694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.993022, "energy": 30.518447, "activity_lines": [ 351.026671, 353.550366, 346.618621, 339.821722 ] }, { "date": "2026-08-07", "close": 362.23999, "volume": 6035, "typical_volume": 4489.95, "trend": 333.456001, "fair_value": 276.125, "relative_strength": -1.44807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.189929, "energy": 33.233334, "activity_lines": [ 353.755333, 355.245092, 348.984667, 341.780065 ] } ], "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." } } }