{ "ticker": { "uuid": "4e4fd2f1-409f-448e-92d6-b79432201686", "symbol": "LVLE", "name": "Invesco Markets II plc - Invesco Global Active Defensive ESG Equity UCITS ETF EUR PfHedged 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 62.726, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.689, "architecture_energy": 77.597, "architecture_maturity": 29.475, "architecture_confidence": 64.262, "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": 6.45, "rotation_up": 76.97, "upward_expansion": 89.77, "deceleration": 50.42, "rotation_down": 15.37, "downward_expansion": 14.11 }, "activity_lines": [ 8.032867, 7.9642, 7.865324, 7.774273 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 8.209, "trend_reference": 7.683167, "distance_from_trend": 0.06844, "trend_direction": "Improving", "fair_value": 6.685833, "distance_from_fair_value": 0.22782, "fair_value_direction": "Improving", "relative_strength": -7.016289, "relative_strength_direction": "Improving", "price_momentum": 0.076026, "excess_performance": -0.094866, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06844, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.019051, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.22782, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.038121, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.070163, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.012037, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.076026, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 7.92276, "read": "Demand-led" } ], "volume": { "latest": 1371, "relative_activity": 0.176319, "balance": 7.92276, "dry_up": 0.902555, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.014478, "annualized_volatility": 0.104851, "from_high_reference": -0.003762, "from_low_reference": 0.15376 }, "levels": { "trend_reference": 7.683167, "fair_value_reference": 6.685833, "structural_low": 7.115, "invalidation": "A sustained 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"modifier": "Established expansion", "gate": "up", "direction": 75.336794, "energy": 86.16778, "activity_lines": [ 7.9174, 7.877418, 7.76639, 7.702858 ] }, { "date": "2026-07-24", "close": 7.826, "volume": 4857, "typical_volume": 7143.9, "trend": 7.6496, "fair_value": 6.648974, "relative_strength": -8.541487, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.405067, "energy": 74.689366, "activity_lines": [ 7.899333, 7.873618, 7.78231, 7.714768 ] }, { "date": "2026-07-31", "close": 8.027, "volume": 15425, "typical_volume": 7913.2, "trend": 7.664067, "fair_value": 6.666821, "relative_strength": -6.595044, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.048905, "energy": 69.742751, "activity_lines": [ 7.9434, 7.904709, 7.816443, 7.739116 ] }, { "date": "2026-08-07", "close": 8.209, "volume": 1371, "typical_volume": 7775.7, "trend": 7.683167, "fair_value": 6.685833, "relative_strength": -7.016289, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.689195, "energy": 77.596583, "activity_lines": [ 8.032867, 7.9642, 7.865324, 7.774273 ] } ], "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." } } }