{ "ticker": { "uuid": "28093563-5406-471c-bc2c-7e738fce2bc0", "symbol": "QCEU", "name": "Amundi Index Solutions - Amundi MSCI Europe Quality Factor UCITS ETF-C", "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": 73.322, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 79.885, "architecture_energy": 61.318, "architecture_maturity": 25.472, "architecture_confidence": 77.927, "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": 12.25, "rotation_up": 57.51, "upward_expansion": 80.97, "deceleration": 57.54, "rotation_down": 22.71, "downward_expansion": 9.97 }, "activity_lines": [ 125.351998, 124.783271, 122.80819, 121.464214 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 127.559998, "trend_reference": 120.43, "distance_from_trend": 0.059205, "trend_direction": "Improving", "fair_value": 110.796667, "distance_from_fair_value": 0.151298, "fair_value_direction": "Improving", "relative_strength": -6.549893, "relative_strength_direction": "Improving", "price_momentum": 0.058765, "excess_performance": -0.112127, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.059205, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.02673, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.151298, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.068354, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.065499, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.024146, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.058765, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.514748, "read": "Demand-led" } ], "volume": { "latest": 4284, "relative_activity": 1.488404, "balance": 1.514748, "dry_up": 1.122557, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.019104, "annualized_volatility": 0.154289, "from_high_reference": -0.005147, "from_low_reference": 0.212317 }, "levels": { "trend_reference": 120.43, "fair_value_reference": 110.796667, "structural_low": 108.580002, 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122.962182, 120.732762, 120.115871 ] }, { "date": "2026-07-17", "close": 123.639999, "volume": 1863, "typical_volume": 2829.75, "trend": 119.628, "fair_value": 110.305192, "relative_strength": -6.685831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.837854, "energy": 74.646398, "activity_lines": [ 124.433333, 123.328727, 121.145047, 120.393032 ] }, { "date": "2026-07-24", "close": 123.919998, "volume": 2521, "typical_volume": 2854.3, "trend": 119.908, "fair_value": 110.448269, "relative_strength": -6.130202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.55213, "energy": 66.219695, "activity_lines": [ 124.330666, 123.641818, 121.586, 120.669935 ] }, { "date": "2026-07-31", "close": 124.839996, "volume": 4256, "typical_volume": 2917.35, "trend": 120.180666, "fair_value": 110.614616, "relative_strength": -5.952886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.967965, "energy": 47.815213, "activity_lines": [ 124.422665, 123.999999, 122.087714, 120.988128 ] }, { "date": "2026-08-07", "close": 127.559998, "volume": 4284, "typical_volume": 2878.25, "trend": 120.43, "fair_value": 110.796667, "relative_strength": -6.549893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.884733, "energy": 61.317867, "activity_lines": [ 125.351998, 124.783271, 122.80819, 121.464214 ] } ], "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." } } }