{ "ticker": { "uuid": "58858e7c-f984-4a31-8154-658c552d2428", "symbol": "FEUI", "name": "Fidelity Europe Quality Income UCITS ETF EUR Inc", "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": 92.914, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 88.974, "architecture_energy": 92.674, "architecture_maturity": 38.055, "architecture_confidence": 75.62, "architecture_tenure": "Established", "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": 1.56, "rotation_up": 78.21, "upward_expansion": 98.94, "deceleration": 39.58, "rotation_down": 18.07, "downward_expansion": 20.94 }, "activity_lines": [ 7.459, 7.396582, 7.258105, 7.145075 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 7.555, "trend_reference": 7.023404, "distance_from_trend": 0.075689, "trend_direction": "Improving", "fair_value": 5.923901, "distance_from_fair_value": 0.275342, "fair_value_direction": "Improving", "relative_strength": -3.472777, "relative_strength_direction": "Improving", "price_momentum": 0.09923, "excess_performance": -0.071662, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.075689, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043896, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.275342, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.068703, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.034728, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.019892, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.09923, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.233575, "read": "Demand-led" } ], "volume": { "latest": 2459, "relative_activity": 0.528329, "balance": 1.233575, "dry_up": 0.295211, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.013463, "annualized_volatility": 0.120159, "from_high_reference": -0.00448, "from_low_reference": 0.254988 }, "levels": { "trend_reference": 7.023404, "fair_value_reference": 5.923901, "structural_low": 6.352924, "invalidation": "A 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expansion", "gate": "up", "direction": 81.673482, "energy": 88.022052, "activity_lines": [ 7.404, 7.347582, 7.21198, 7.109042 ] }, { "date": "2026-08-07", "close": 7.555, "volume": 2459, "typical_volume": 4654.3, "trend": 7.023404, "fair_value": 5.923901, "relative_strength": -3.472777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.974163, "energy": 92.6741, "activity_lines": [ 7.459, 7.396582, 7.258105, 7.145075 ] } ], "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." } } }