{ "ticker": { "uuid": "5a63df59-6e3c-4c74-ba54-c410dc463cf7", "symbol": "TPXH", "name": "Amundi Index Solutions - Amundi Japan Topix UCITS ETF-C EUR Hedged", "exchange": "PAR", "country": "FR", "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": "^FCHI", "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": 70.58, "architecture_energy": 43.449, "architecture_maturity": 84.346, "architecture_confidence": 68.739, "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": 24.14, "rotation_up": 46.29, "upward_expansion": 74.93, "deceleration": 68.5, "rotation_down": 28.19, "downward_expansion": 10.59 }, "activity_lines": [ 614.681978, 614.165254, 605.196939, 594.536763 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 625.659973, "trend_reference": 581.594328, "distance_from_trend": 0.075767, "trend_direction": "Improving", "fair_value": 434.365039, "distance_from_fair_value": 0.440401, "fair_value_direction": "Improving", "relative_strength": 7.768822, "relative_strength_direction": "Weakening", "price_momentum": 0.100371, "excess_performance": 0.04706, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.075767, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.061083, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.440401, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.011912, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.077688, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.084935, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.100371, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.419672, "read": "Demand-led" } ], "volume": { "latest": 6768, "relative_activity": 1.286594, "balance": 2.419672, "dry_up": 0.766387, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.028818, "annualized_volatility": 0.195054, "from_high_reference": -0.006574, "from_low_reference": 0.379808 }, "levels": { "trend_reference": 581.594328, "fair_value_reference": 434.365039, 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581.187348 ] }, { "date": "2026-07-10", "close": 622.02002, "volume": 6609, "typical_volume": 5426.05, "trend": 569.794666, "fair_value": 426.74863, "relative_strength": 14.045822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.323562, "energy": 81.89702, "activity_lines": [ 617.640658, 610.663628, 594.82404, 584.792166 ] }, { "date": "2026-07-17", "close": 601.849976, "volume": 3198, "typical_volume": 5401.6, "trend": 572.615997, "fair_value": 428.600296, "relative_strength": 9.759102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.263343, "energy": 52.266812, "activity_lines": [ 613.311988, 610.19817, 596.717419, 586.860251 ] }, { "date": "2026-07-24", "close": 617.109985, "volume": 2666, "typical_volume": 5337.65, "trend": 576.031663, "fair_value": 430.515104, "relative_strength": 11.513098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.232492, "energy": 52.095966, "activity_lines": [ 613.941321, 612.197442, 600.019609, 589.730831 ] }, { "date": "2026-07-31", "close": 603.719971, "volume": 3494, "typical_volume": 5199.85, "trend": 578.856329, "fair_value": 432.38254, "relative_strength": 6.903299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.941484, "energy": 36.384939, "activity_lines": [ 610.452649, 611.282348, 601.704226, 591.517173 ] }, { "date": "2026-08-07", "close": 625.659973, "volume": 6768, "typical_volume": 5260.4, "trend": 581.594328, "fair_value": 434.365039, "relative_strength": 7.768822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.579576, "energy": 43.448558, "activity_lines": [ 614.681978, 614.165254, 605.196939, 594.536763 ] } ], "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." } } }