{ "ticker": { "uuid": "27a4d4ce-6ef0-4c01-a86b-7639e3d21527", "symbol": "CC1", "name": "Amundi MSCI China Tech UCITS ETF EUR", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 77.312, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -62.166, "architecture_energy": 55.866, "architecture_maturity": 14.062, "architecture_confidence": 83.338, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 18.99, "rotation_up": 12.92, "upward_expansion": 8.98, "deceleration": 45.41, "rotation_down": 67.36, "downward_expansion": 82.31 }, "activity_lines": [ 274.843329, 276.658542, 282.775616, 285.181547 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 281.75, "trend_reference": 289.205666, "distance_from_trend": -0.02578, "trend_direction": "Weakening", "fair_value": 245.346411, "distance_from_fair_value": 0.148376, "fair_value_direction": "Weakening", "relative_strength": -17.571294, "relative_strength_direction": "Weakening", "price_momentum": -0.044235, "excess_performance": -0.215127, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.02578, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.017619, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.148376, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.089211, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.175713, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.124515, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.044235, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.386614, "read": "Supply-led" } ], "volume": { "latest": 2665, "relative_activity": 0.801395, "balance": 0.386614, "dry_up": 1.098573, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.030223, "annualized_volatility": 0.191922, "from_high_reference": -0.137957, "from_low_reference": 0.103172 }, "levels": { "trend_reference": 289.205666, "fair_value_reference": 245.346411, 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"fair_value": 245.191282, "relative_strength": -18.577704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.572746, "energy": 81.735093, "activity_lines": [ 272.139994, 277.980178, 284.335855, 286.773117 ] }, { "date": "2026-07-31", "close": 274.399994, "volume": 1682, "typical_volume": 3249.3, "trend": 290.046999, "fair_value": 245.188205, "relative_strength": -17.54211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.695217, "energy": 76.941254, "activity_lines": [ 272.149994, 276.466541, 283.151378, 285.716837 ] }, { "date": "2026-08-07", "close": 281.75, "volume": 2665, "typical_volume": 3325.45, "trend": 289.205666, "fair_value": 245.346411, "relative_strength": -17.571294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.166084, "energy": 55.866475, "activity_lines": [ 274.843329, 276.658542, 282.775616, 285.181547 ] } ], "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." } } }