{
  "ticker": {
    "uuid": "19043bd6-ebcd-4ce6-a2d7-c1f0fe01f763",
    "symbol": "DAXLEV",
    "name": "Amundi LevDax Daily (2x) leveraged 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 78.246,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 79.502,
    "architecture_energy": 66.709,
    "architecture_maturity": 40.006,
    "architecture_confidence": 77.989,
    "architecture_tenure": "Established",
    "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": 24.09,
        "rotation_up": 62.82,
        "upward_expansion": 84.55,
        "deceleration": 49.31,
        "rotation_down": 15.3,
        "downward_expansion": 13.55
      },
      "activity_lines": [
        268.126664,
        263.678179,
        257.660712,
        253.310214
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 283.149994,
    "trend_reference": 251.673334,
    "distance_from_trend": 0.12507,
    "trend_direction": "Improving",
    "fair_value": 200.156474,
    "distance_from_fair_value": 0.414643,
    "fair_value_direction": "Improving",
    "relative_strength": -3.150492,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.090716,
    "excess_performance": -0.080175,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.12507,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.015317,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.414643,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.123917,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.031505,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.104905,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.090716,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.378872,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5919,
      "relative_activity": 0.445476,
      "balance": 1.378872,
      "dry_up": 0.485346,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.047243,
      "annualized_volatility": 0.369821,
      "from_high_reference": -0.00229,
      "from_low_reference": 0.405909
    },
    "levels": {
      "trend_reference": 251.673334,
      "fair_value_reference": 200.156474,
      "structural_low": 201.399994,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.014478,
        "positive_rate": 0.578947,
        "directional_follow_through": 0.578947,
        "median_excess_return": -0.013473,
        "regime_survival": 0.736842,
        "best_return": 0.096601,
        "worst_return": -0.252125,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.005792,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.029252,
        "regime_survival": 0.571429,
        "best_return": 0.220299,
        "worst_return": -0.164123,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.008848,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.044996,
        "regime_survival": 0.25,
        "best_return": 0.384894,
        "worst_return": -0.156097,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.171228,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.047197,
        "regime_survival": 0.0,
        "best_return": 0.584009,
        "worst_return": -0.291549,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-21",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": 0.00587,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-23",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.0853,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-11-15",
        "tenure": "Developing",
        "return": 0.002941,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-22",
        "end": "2024-12-06",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-13",
        "end": "2025-04-04",
        "tenure": "Established",
        "return": 0.004815,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-11",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.318512,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.022348,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "tenure": "Developing",
        "return": -0.053981,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.016232,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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        "regime": "upward_expansion",
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      {
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      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-05-01",
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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        "date": "2026-06-05",
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "date": "2026-06-12",
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        "regime": "balance",
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        "gate": "mixed",
        "direction": 12.315858,
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 195.886859,
        "relative_strength": -7.053697,
        "stage": 3,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 16659.0,
        "trend": 250.775,
        "fair_value": 196.700769,
        "relative_strength": -11.444512,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.59651,
        "energy": 35.263384,
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      },
      {
        "date": "2026-07-17",
        "close": 252.350006,
        "volume": 10564,
        "typical_volume": 16959.3,
        "trend": 250.778334,
        "fair_value": 197.474167,
        "relative_strength": -11.575379,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.886368,
        "energy": 24.857493,
        "activity_lines": [
          257.909998,
          256.520906,
          250.829999,
          249.735914
        ]
      },
      {
        "date": "2026-07-24",
        "close": 257.200012,
        "volume": 4490,
        "typical_volume": 15654.1,
        "trend": 250.921667,
        "fair_value": 198.248269,
        "relative_strength": -9.319151,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.097655,
        "energy": 28.724908,
        "activity_lines": [
          257.620003,
          256.988182,
          252.055476,
          250.150216
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      },
      {
        "date": "2026-07-31",
        "close": 268.049988,
        "volume": 4822,
        "typical_volume": 14320.6,
        "trend": 251.298334,
        "fair_value": 199.147051,
        "relative_strength": -5.880831,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.420945,
        "energy": 26.769526,
        "activity_lines": [
          260.953333,
          259.066362,
          254.225951,
          251.255269
        ]
      },
      {
        "date": "2026-08-07",
        "close": 283.149994,
        "volume": 5919,
        "typical_volume": 13286.9,
        "trend": 251.673334,
        "fair_value": 200.156474,
        "relative_strength": -3.150492,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 79.501871,
        "energy": 66.70942,
        "activity_lines": [
          268.126664,
          263.678179,
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          253.310214
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      }
    ],
    "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."
    }
  }
}