{ "ticker": { "uuid": "3759a696-13e4-4a4f-b239-1f35c9daae8d", "symbol": "ETFMIB", "name": "Amundi FTSE MIB UCITS ETF Dist", "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": 81.351, "architecture_energy": 66.179, "architecture_maturity": 100.0, "architecture_confidence": 79.496, "architecture_tenure": "Extended", "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": 9.44, "rotation_up": 56.38, "upward_expansion": 85.02, "deceleration": 68.21, "rotation_down": 28.4, "downward_expansion": 11.69 }, "activity_lines": [ 53.869333, 53.581818, 52.25819, 50.716752 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 55.07, "trend_reference": 48.86, "distance_from_trend": 0.127098, "trend_direction": "Improving", "fair_value": 36.690114, "distance_from_fair_value": 0.500949, "fair_value_direction": "Improving", "relative_strength": 2.539839, "relative_strength_direction": "Improving", "price_momentum": 0.202796, "excess_performance": 0.031904, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.127098, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.069351, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.500949, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.062405, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.025398, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.010982, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.202796, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.666805, "read": "Demand-led" } ], "volume": { "latest": 290472, "relative_activity": 1.581233, "balance": 2.666805, "dry_up": 1.204063, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.026721, "annualized_volatility": 0.172357, "from_high_reference": -0.005238, "from_low_reference": 0.352245 }, "levels": { "trend_reference": 48.86, "fair_value_reference": 36.690114, "structural_low": 41.630001, "invalidation": 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53.504001, 52.606273, 50.657714, 49.292828 ] }, { "date": "2026-07-17", "close": 53.029999, "volume": 156582, "typical_volume": 211686.0, "trend": 47.980666, "fair_value": 36.150943, "relative_strength": 2.469241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.680072, "energy": 68.118871, "activity_lines": [ 53.408667, 52.834364, 51.052071, 49.636849 ] }, { "date": "2026-07-24", "close": 53.040001, "volume": 192634, "typical_volume": 200355.15, "trend": 48.268166, "fair_value": 36.321385, "relative_strength": 2.570293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.570239, "energy": 62.900786, "activity_lines": [ 53.278, 52.999636, 51.419143, 49.963258 ] }, { "date": "2026-07-31", "close": 53.419998, "volume": 245056, "typical_volume": 185020.0, "trend": 48.542666, "fair_value": 36.499445, "relative_strength": 2.492468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.461336, "energy": 58.337344, "activity_lines": [ 53.331333, 53.167818, 51.782071, 50.295634 ] }, { "date": "2026-08-07", "close": 55.07, "volume": 290472, "typical_volume": 183699.7, "trend": 48.86, "fair_value": 36.690114, "relative_strength": 2.539839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.351392, "energy": 66.179129, "activity_lines": [ 53.869333, 53.581818, 52.25819, 50.716752 ] } ], "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." } } }