{ "ticker": { "uuid": "58e23241-31b8-4115-a844-0ec08f42b3d5", "symbol": "SRIJ", "name": "BNP Paribas Easy MSCI Japan SRI PAB UCITS ETF Distribution", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 86.234, "architecture_energy": 69.809, "architecture_maturity": 52.213, "architecture_confidence": 65.505, "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": 10.69, "rotation_up": 65.26, "upward_expansion": 82.6, "deceleration": 70.32, "rotation_down": 19.67, "downward_expansion": 11.6 }, "activity_lines": [ 24.812333, 24.546364, 23.86582, 23.42194 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 25.6, "trend_reference": 22.946771, "distance_from_trend": 0.115625, "trend_direction": "Improving", "fair_value": 21.030463, "distance_from_fair_value": 0.217282, "fair_value_direction": "Improving", "relative_strength": -1.311721, "relative_strength_direction": "Improving", "price_momentum": 0.15295, "excess_performance": -0.017942, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.115625, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042019, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.217282, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.12191, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.013117, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.054972, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.15295, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.155055, "read": "Demand-led" } ], "volume": { "latest": 16579, "relative_activity": 1.408749, "balance": 1.155055, "dry_up": 1.482823, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.025541, "annualized_volatility": 0.190288, "from_high_reference": 0.0, "from_low_reference": 0.236002 }, "levels": { "trend_reference": 22.946771, "fair_value_reference": 21.030463, "structural_low": 21.072749, "invalidation": "A 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"relative_strength": -2.562961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.10759, "energy": 78.930097, "activity_lines": [ 24.495667, 24.163091, 23.496686, 23.146487 ] }, { "date": "2026-07-31", "close": 24.26, "volume": 27201, "typical_volume": 10953.65, "trend": 22.842669, "fair_value": 20.992906, "relative_strength": -3.838252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.2654, "energy": 60.041224, "activity_lines": [ 24.449333, 24.245455, 23.623534, 23.244048 ] }, { "date": "2026-08-07", "close": 25.6, "volume": 16579, "typical_volume": 11768.6, "trend": 22.946771, "fair_value": 21.030463, "relative_strength": -1.311721, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.234206, "energy": 69.809252, "activity_lines": [ 24.812333, 24.546364, 23.86582, 23.42194 ] } ], "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." } } }