{
  "ticker": {
    "uuid": "168491b4-2b04-4199-bc62-ef156d214e3c",
    "symbol": "GSOV",
    "name": "Franklin Sustainable Euro Green Sovereign UCITS ETF",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 51.058,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -24.11,
    "architecture_energy": 26.25,
    "architecture_maturity": 6.906,
    "architecture_confidence": 61.778,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
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      "scores": {
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        "rotation_up": 16.96,
        "upward_expansion": 8.53,
        "deceleration": 55.78,
        "rotation_down": 57.69,
        "downward_expansion": 45.53
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      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
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    "distance_from_fair_value": 0.003692,
    "fair_value_direction": "Weakening",
    "relative_strength": -14.503847,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.002567,
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        "label": "Price vs Trend",
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        "label": "Trend direction",
        "positive": true,
        "value": 0.001489,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
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        "read": "Premium"
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        "label": "Fair Value direction",
        "positive": false,
        "value": -0.001324,
        "read": "Moving away"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.145038,
        "read": "Lagging"
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      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023517,
        "read": "Weakening"
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      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.002567,
        "read": "Negative"
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        "label": "Volume balance",
        "positive": false,
        "value": 0.818099,
        "read": "Supply-led"
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      "relative_activity": 0.993558,
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      "dry_up": 0.675381,
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      "distribution_observations": 2
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      "from_low_reference": 0.014171
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      "fair_value_reference": 27.094965,
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      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "modifier": "Re-accelerating",
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        "direction": -30.877437,
        "energy": 25.846897,
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        ]
      },
      {
        "date": "2026-03-27",
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        "relative_strength": -3.43809,
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      {
        "date": "2026-04-03",
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-04-10",
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        "date": "2026-04-17",
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        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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        "stage": 3,
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      },
      {
        "date": "2026-05-29",
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        "date": "2026-06-05",
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        "modifier": "Balance after decline",
        "gate": "up",
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      {
        "date": "2026-06-12",
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        "relative_strength": -14.026806,
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -14.506705,
        "stage": 3,
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 27.094234,
        "relative_strength": -14.114835,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.559845,
        "energy": 42.319001,
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      },
      {
        "date": "2026-07-17",
        "close": 27.18,
        "volume": 180,
        "typical_volume": 4410.1,
        "trend": 27.230666,
        "fair_value": 27.094855,
        "relative_strength": -12.800433,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.735748,
        "energy": 15.136987,
        "activity_lines": [
          27.314,
          27.328545,
          27.267286,
          27.253484
        ]
      },
      {
        "date": "2026-07-24",
        "close": 27.115,
        "volume": 2804,
        "typical_volume": 2854.65,
        "trend": 27.230666,
        "fair_value": 27.095,
        "relative_strength": -12.470617,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -5.121526,
        "energy": 11.52189,
        "activity_lines": [
          27.229333,
          27.295727,
          27.257524,
          27.246021
        ]
      },
      {
        "date": "2026-07-31",
        "close": 26.99,
        "volume": 2027,
        "typical_volume": 2865.45,
        "trend": 27.229833,
        "fair_value": 27.09425,
        "relative_strength": -13.044805,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.943382,
        "energy": 27.597263,
        "activity_lines": [
          27.126,
          27.235909,
          27.236643,
          27.230494
        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.195,
        "volume": 2915,
        "typical_volume": 2933.9,
        "trend": 27.231833,
        "fair_value": 27.094965,
        "relative_strength": -14.503847,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -24.109799,
        "energy": 26.250481,
        "activity_lines": [
          27.127667,
          27.217636,
          27.235619,
          27.228247
        ]
      }
    ],
    "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."
    }
  }
}