{ "ticker": { "uuid": "13b2f22c-b4b8-49e5-8a3d-8979060f3482", "symbol": "SPXH", "name": "Amundi Core S&P 500 Swap UCITS ETF EUR Hedged 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": 72.749, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.195, "architecture_energy": 58.063, "architecture_maturity": 62.577, "architecture_confidence": 61.718, "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": 32.56, "rotation_up": 52.08, "upward_expansion": 79.63, "deceleration": 69.31, "rotation_down": 27.54, "downward_expansion": 8.63 }, "activity_lines": [ 364.010002, 362.328547, 359.322432, 352.701852 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 373.450012, "trend_reference": 345.358669, "distance_from_trend": 0.08134, "trend_direction": "Improving", "fair_value": 289.002247, "distance_from_fair_value": 0.292205, "fair_value_direction": "Improving", "relative_strength": -4.94353, "relative_strength_direction": "Weakening", "price_momentum": 0.117044, "excess_performance": -0.053848, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08134, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030633, "read": "Rising" 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346.067531 ] }, { "date": "2026-07-10", "close": 364.299988, "volume": 1299, "typical_volume": 7011.45, "trend": 341.574669, "fair_value": 285.455167, "relative_strength": -5.997556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.360241, "energy": 59.114016, "activity_lines": [ 361.086001, 360.963821, 353.458051, 347.605078 ] }, { "date": "2026-07-17", "close": 360.5, "volume": 4427, "typical_volume": 6879.25, "trend": 342.528003, "fair_value": 286.320759, "relative_strength": -5.496272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.825576, "energy": 55.17915, "activity_lines": [ 361.133333, 360.952729, 354.935003, 348.826067 ] }, { "date": "2026-07-24", "close": 359.0, "volume": 3026, "typical_volume": 6386.7, "trend": 343.331669, "fair_value": 287.165818, "relative_strength": -5.565364, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.395725, "energy": 49.097011, "activity_lines": [ 360.569999, 360.599274, 356.138336, 349.888777 ] }, { "date": "2026-07-31", "close": 357.649994, "volume": 1425, "typical_volume": 5032.45, "trend": 344.165669, "fair_value": 288.022134, "relative_strength": -6.400841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.835934, "energy": 40.51541, "activity_lines": [ 359.729997, 359.992, 357.062145, 350.81254 ] }, { "date": "2026-08-07", "close": 373.450012, "volume": 1714, "typical_volume": 4577.65, "trend": 345.358669, "fair_value": 289.002247, "relative_strength": -4.94353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.195089, "energy": 58.063189, "activity_lines": [ 364.010002, 362.328547, 359.322432, 352.701852 ] } ], "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." } } }