{
  "ticker": {
    "uuid": "507b3941-d82e-426b-ba46-63c3a72e8732",
    "symbol": "MGT",
    "name": "Amundi DJ Global Titans 50 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": 81.434,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 80.373,
    "architecture_energy": 55.897,
    "architecture_maturity": 37.012,
    "architecture_confidence": 71.698,
    "architecture_tenure": "New",
    "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": 23.31,
        "rotation_up": 54.72,
        "upward_expansion": 81.39,
        "deceleration": 64.71,
        "rotation_down": 26.71,
        "downward_expansion": 8.06
      },
      "activity_lines": [
        105.958667,
        105.334365,
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        102.079893
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 108.550003,
    "trend_reference": 99.421334,
    "distance_from_trend": 0.091818,
    "trend_direction": "Improving",
    "fair_value": 81.181753,
    "distance_from_fair_value": 0.337123,
    "fair_value_direction": "Improving",
    "relative_strength": -2.926312,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.154173,
    "excess_performance": -0.016718,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.091818,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.037513,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.337123,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.003405,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.029263,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.035539,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.154173,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.640327,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8385,
      "relative_activity": 1.003921,
      "balance": 1.640327,
      "dry_up": 0.88988,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.024193,
      "annualized_volatility": 0.146203,
      "from_high_reference": -0.005132,
      "from_low_reference": 0.295385
    },
    "levels": {
      "trend_reference": 99.421334,
      "fair_value_reference": 81.181753,
      "structural_low": 88.540001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.020228,
        "positive_rate": 0.641026,
        "directional_follow_through": 0.641026,
        "median_excess_return": 7.9e-05,
        "regime_survival": 0.846154,
        "best_return": 0.074985,
        "worst_return": -0.105044,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "regime_survival": 0.538462,
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        "worst_return": -0.217032,
        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 7,
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        "worst_return": -0.095353,
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        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "rotation_down",
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      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 13353.3,
        "trend": 93.871264,
        "fair_value": 76.599627,
        "relative_strength": 0.29635,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
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        "fair_value": 76.900754,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 12919.45,
        "trend": 94.55282,
        "fair_value": 77.220217,
        "relative_strength": 0.627579,
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      },
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        "activity_lines": [
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      },
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        "date": "2026-05-22",
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        "typical_volume": 14107.75,
        "trend": 95.450695,
        "fair_value": 77.855778,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 13939.45,
        "trend": 95.826611,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 12829.45,
        "trend": 96.274478,
        "fair_value": 78.481773,
        "relative_strength": 1.256378,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 11920.0,
        "trend": 96.578118,
        "fair_value": 78.770416,
        "relative_strength": -4.007668,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 10598.65,
        "trend": 97.259417,
        "fair_value": 79.358345,
        "relative_strength": -4.204461,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.42256,
        "energy": 46.42347,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 420,
        "typical_volume": 9743.35,
        "trend": 97.584001,
        "fair_value": 79.664122,
        "relative_strength": -4.566237,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.484312,
        "energy": 44.983767,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 10342,
        "typical_volume": 9704.8,
        "trend": 98.016334,
        "fair_value": 79.974762,
        "relative_strength": -3.133402,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 72.174115,
        "energy": 55.680382,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 105.010002,
        "volume": 7668,
        "typical_volume": 9483.85,
        "trend": 98.390334,
        "fair_value": 80.276073,
        "relative_strength": -2.895591,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.19251,
        "energy": 51.972734,
        "activity_lines": [
          105.007335,
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          102.851191,
          100.718625
        ]
      },
      {
        "date": "2026-07-24",
        "close": 104.330002,
        "volume": 4802,
        "typical_volume": 8908.45,
        "trend": 98.700001,
        "fair_value": 80.563744,
        "relative_strength": -3.343507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.024685,
        "energy": 50.719271,
        "activity_lines": [
          104.878669,
          104.735456,
          103.245811,
          101.101829
        ]
      },
      {
        "date": "2026-07-31",
        "close": 104.339996,
        "volume": 8875,
        "typical_volume": 8773.65,
        "trend": 99.030001,
        "fair_value": 80.855994,
        "relative_strength": -3.947069,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.584119,
        "energy": 44.840182,
        "activity_lines": [
          104.779333,
          104.645637,
          103.59581,
          101.4657
        ]
      },
      {
        "date": "2026-08-07",
        "close": 108.550003,
        "volume": 8385,
        "typical_volume": 8352.25,
        "trend": 99.421334,
        "fair_value": 81.181753,
        "relative_strength": -2.926312,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.373453,
        "energy": 55.897323,
        "activity_lines": [
          105.958667,
          105.334365,
          104.297287,
          102.079893
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      }
    ],
    "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."
    }
  }
}