{ "ticker": { "uuid": "2df0ff0d-408c-45e7-964e-e13baa4fdc76", "symbol": "USPA", "name": "Franklin S&P 500 Paris Aligned Climate UCITS ETF", "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": 76.482, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.095, "architecture_energy": 68.532, "architecture_maturity": 84.167, "architecture_confidence": 58.118, "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": 14.85, "rotation_up": 53.96, "upward_expansion": 83.0, "deceleration": 71.35, "rotation_down": 29.42, "downward_expansion": 12.0 }, "activity_lines": [ 53.778001, 53.584546, 52.747286, 51.506527 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 54.98, "trend_reference": 50.122167, "distance_from_trend": 0.09692, "trend_direction": "Improving", "fair_value": 43.778974, "distance_from_fair_value": 0.255854, "fair_value_direction": "Improving", "relative_strength": -4.013354, "relative_strength_direction": "Improving", "price_momentum": 0.155285, "excess_performance": -0.015607, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.09692, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032705, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.255854, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.044978, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.040134, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.006902, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.155285, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.589396, "read": "Supply-led" } ], "volume": { "latest": 2993, "relative_activity": 0.908939, "balance": 0.589396, "dry_up": 2.497153, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.017139, "annualized_volatility": 0.128117, "from_high_reference": -0.000545, "from_low_reference": 0.222185 }, "levels": { "trend_reference": 50.122167, "fair_value_reference": 43.778974, "structural_low": 44.985001, 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-4.364167, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.828632, "energy": 75.841909, "activity_lines": [ 53.522001, 53.187819, 51.564476, 50.502946 ] }, { "date": "2026-07-17", "close": 53.459999, "volume": 2164, "typical_volume": 2266.3, "trend": 49.655333, "fair_value": 43.384199, "relative_strength": -3.823378, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.463595, "energy": 74.94013, "activity_lines": [ 53.583334, 53.306909, 51.886691, 50.758785 ] }, { "date": "2026-07-24", "close": 53.18, "volume": 8167, "typical_volume": 2453.2, "trend": 49.800167, "fair_value": 43.509968, "relative_strength": -4.035736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.90994, "energy": 65.287381, "activity_lines": [ 53.486667, 53.328909, 52.15281, 50.986183 ] }, { "date": "2026-07-31", "close": 52.830002, "volume": 19567, "typical_volume": 3169.25, "trend": 49.9445, "fair_value": 43.636474, "relative_strength": -5.158094, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.311865, "energy": 59.80688, "activity_lines": [ 53.270668, 53.262546, 52.360953, 51.181656 ] }, { "date": "2026-08-07", "close": 54.98, "volume": 2993, "typical_volume": 3292.85, "trend": 50.122167, "fair_value": 43.778974, "relative_strength": -4.013354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.095363, "energy": 68.531653, "activity_lines": [ 53.778001, 53.584546, 52.747286, 51.506527 ] } ], "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." } } }