{
  "ticker": {
    "uuid": "1c473d83-b7b0-4242-b884-a56608543db1",
    "symbol": "SPEEU",
    "name": "BNP Paribas Easy S&P 500 Scored",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 89.162,
    "architecture_energy": 70.686,
    "architecture_maturity": 92.248,
    "architecture_confidence": 66.374,
    "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": 23.53,
        "rotation_up": 55.57,
        "upward_expansion": 83.0,
        "deceleration": 71.5,
        "rotation_down": 29.41,
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
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    "latest_close": 19.058001,
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    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.299406,
    "fair_value_direction": "Improving",
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      {
        "label": "Price vs current Fair Value",
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        "value": 0.299406,
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      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.062312,
        "read": "Closing upward"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.021427,
        "read": "Lagging"
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      {
        "label": "Relative strength direction",
        "positive": false,
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        "read": "Weakening"
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      {
        "label": "Price momentum",
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        "label": "Volume balance",
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        "value": 2.881899,
        "read": "Demand-led"
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      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "fair_value": 14.666705,
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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."
    }
  }
}