{ "ticker": { "uuid": "15a3bec3-0f57-46c7-9331-a72caf408e8b", "symbol": "ENERW", "name": "Amundi ETF ICAV - Amundi S&P World Energy Screened 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": 72.603, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Re-acceleration watch", "architecture_gate": "up", "architecture_direction": 41.94, "architecture_energy": 35.416, "architecture_maturity": 16.883, "architecture_confidence": 52.692, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 39.52, "rotation_up": 63.35, "upward_expansion": 67.83, "deceleration": 57.7, "rotation_down": 10.2, "downward_expansion": 11.17 }, "activity_lines": [ 14.930133, 14.691636, 14.6972, 14.616804 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 14.726, "trend_reference": 14.2958, "distance_from_trend": 0.030093, "trend_direction": "Improving", "fair_value": 11.726603, "distance_from_fair_value": 0.255777, "fair_value_direction": "Weakening", "relative_strength": -2.065473, "relative_strength_direction": "Weakening", "price_momentum": 0.126358, "excess_performance": -0.044534, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030093, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.083716, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.255777, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004388, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.020655, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.080564, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.126358, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.024956, "read": "Demand-led" } ], "volume": { "latest": 74647, "relative_activity": 1.140435, "balance": 1.024956, "dry_up": 0.769473, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.040964, "annualized_volatility": 0.26922, "from_high_reference": -0.069623, "from_low_reference": 0.395829 }, "levels": { "trend_reference": 14.2958, "fair_value_reference": 11.726603, "structural_low": 13.014, "invalidation": "A 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"activity_lines": [ 14.291067, 14.440436, 14.589419, 14.419316 ] }, { "date": "2026-07-24", "close": 15.462, "volume": 50129, "typical_volume": 68441.8, "trend": 14.0694, "fair_value": 11.673051, "relative_strength": 6.90308, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.02325, "energy": 25.333179, "activity_lines": [ 14.71, 14.595055, 14.667248, 14.518568 ] }, { "date": "2026-07-31", "close": 15.058, "volume": 40592, "typical_volume": 64783.1, "trend": 14.191933, "fair_value": 11.701615, "relative_strength": 3.237762, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.612438, "energy": 33.446197, "activity_lines": [ 14.906533, 14.670764, 14.6998, 14.582348 ] }, { "date": "2026-08-07", "close": 14.726, "volume": 74647, "typical_volume": 65454.85, "trend": 14.2958, "fair_value": 11.726603, "relative_strength": -2.065473, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.940191, "energy": 35.416081, "activity_lines": [ 14.930133, 14.691636, 14.6972, 14.616804 ] } ], "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." } } }