{ "ticker": { "uuid": "343bad6c-be02-4b4f-ad9c-ce09ff342d20", "symbol": "FRCP", "name": "Franklin MSCI China Paris Aligned Climate UCITS ETF USD 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -40.257, "architecture_energy": 23.566, "architecture_maturity": 94.335, "architecture_confidence": 84.655, "architecture_tenure": "Established", "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": 40.04, "rotation_up": 25.77, "upward_expansion": 14.25, "deceleration": 46.95, "rotation_down": 34.48, "downward_expansion": 64.25 }, "activity_lines": [ 20.695333, 20.640545, 20.812238, 20.973226 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 20.959999, "trend_reference": 21.390667, "distance_from_trend": -0.020133, "trend_direction": "Weakening", "fair_value": 19.754115, "distance_from_fair_value": 0.061045, "fair_value_direction": "Weakening", "relative_strength": -20.237747, "relative_strength_direction": "Weakening", "price_momentum": -0.06512, "excess_performance": -0.236012, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.020133, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.038679, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.061045, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.045694, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.202377, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.051948, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.06512, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.767386, "read": "Supply-led" } ], "volume": { "latest": 235, "relative_activity": 0.822397, "balance": 0.767386, "dry_up": 1.167104, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.023103, "annualized_volatility": 0.150392, "from_high_reference": -0.178039, "from_low_reference": 0.035829 }, "levels": { "trend_reference": 21.390667, "fair_value_reference": 19.754115, 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contraction", "gate": "down", "direction": -63.665889, "energy": 80.975418, "activity_lines": [ 20.476, 20.722909, 20.914952, 21.20886 ] }, { "date": "2026-07-17", "close": 20.860001, "volume": 20, "typical_volume": 514.15, "trend": 21.646667, "fair_value": 19.717352, "relative_strength": -19.179652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.716554, "energy": 66.648557, "activity_lines": [ 20.562333, 20.710909, 20.898905, 21.154581 ] }, { "date": "2026-07-24", "close": 20.4, "volume": 3, "typical_volume": 513.9, "trend": 21.573167, "fair_value": 19.728122, "relative_strength": -20.398062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.398138, "energy": 51.712974, "activity_lines": [ 20.534667, 20.630727, 20.843952, 21.074151 ] }, { "date": "2026-07-31", "close": 20.535, "volume": 1076, "typical_volume": 567.6, "trend": 21.486167, "fair_value": 19.739756, "relative_strength": -19.983298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.143573, "energy": 38.586069, "activity_lines": [ 20.550667, 20.593273, 20.805333, 21.007172 ] }, { "date": "2026-08-07", "close": 20.959999, "volume": 235, "typical_volume": 285.75, "trend": 21.390667, "fair_value": 19.754115, "relative_strength": -20.237747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.256536, "energy": 23.566346, "activity_lines": [ 20.695333, 20.640545, 20.812238, 20.973226 ] } ], "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." } } }