{ "ticker": { "uuid": "187787e6-ed2e-488f-a969-af9785550b1b", "symbol": "UTIW", "name": "Amundi ETF ICAV - Amundi S&P World Utilities 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 21.738, "architecture_energy": 16.618, "architecture_maturity": 25.469, "architecture_confidence": 47.717, "architecture_tenure": "Developing", "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": 49.55, "rotation_up": 40.98, "upward_expansion": 64.68, "deceleration": 59.6, "rotation_down": 24.98, "downward_expansion": 17.01 }, "activity_lines": [ 13.9012, 13.926436, 13.857181, 13.82751 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 13.632, "trend_reference": 13.7008, "distance_from_trend": -0.005022, "trend_direction": "Improving", "fair_value": 11.193231, "distance_from_fair_value": 0.217879, "fair_value_direction": "Weakening", "relative_strength": -10.6734, "relative_strength_direction": "Weakening", "price_momentum": 0.053152, "excess_performance": -0.11774, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.005022, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.032931, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.217879, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.033825, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.106734, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.066724, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.053152, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.062651, "read": "Demand-led" } ], "volume": { "latest": 23566, "relative_activity": 0.656686, "balance": 1.062651, "dry_up": 1.494834, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.021431, "annualized_volatility": 0.167277, "from_high_reference": -0.04618, "from_low_reference": 0.197891 }, "levels": { "trend_reference": 13.7008, "fair_value_reference": 11.193231, "structural_low": 12.898, 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"Re-accelerating", "gate": "up", "direction": 75.766649, "energy": 74.294322, "activity_lines": [ 14.130533, 13.979273, 13.881505, 13.817867 ] }, { "date": "2026-07-31", "close": 13.816, "volume": 26180, "typical_volume": 37381.55, "trend": 13.6696, "fair_value": 11.165737, "relative_strength": -6.983167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.405744, "energy": 41.504657, "activity_lines": [ 14.038267, 13.969927, 13.877267, 13.829935 ] }, { "date": "2026-08-07", "close": 13.632, "volume": 23566, "typical_volume": 35886.25, "trend": 13.7008, "fair_value": 11.193231, "relative_strength": -10.6734, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.737825, "energy": 16.618236, "activity_lines": [ 13.9012, 13.926436, 13.857181, 13.82751 ] } ], "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." } } }