{ "ticker": { "uuid": "6172ac10-b858-4a3a-99d3-8e3a6ec80175", "symbol": "FLXX", "name": "Franklin Global Quality Dividend UCITS ETF", "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": 85.77, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.959, "architecture_energy": 74.128, "architecture_maturity": 36.232, "architecture_confidence": 64.23, "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": 0.52, "rotation_up": 75.18, "upward_expansion": 91.68, "deceleration": 47.84, "rotation_down": 17.97, "downward_expansion": 13.68 }, "activity_lines": [ 38.747, 38.404209, 37.720064, 37.155762 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 39.290001, "trend_reference": 36.45071, "distance_from_trend": 0.077894, "trend_direction": "Improving", "fair_value": 31.70057, "distance_from_fair_value": 0.23941, "fair_value_direction": "Improving", "relative_strength": -3.487246, "relative_strength_direction": "Improving", "price_momentum": 0.113884, "excess_performance": -0.057008, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077894, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.046568, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.23941, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.070413, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.034872, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.02269, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.113884, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.232127, "read": "Supply-led" } ], "volume": { "latest": 2690, "relative_activity": 0.78108, "balance": 0.232127, "dry_up": 1.267077, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.019012, "annualized_volatility": 0.088095, "from_high_reference": -0.006838, "from_low_reference": 0.240744 }, "levels": { "trend_reference": 36.45071, "fair_value_reference": 31.70057, "structural_low": 33.509998, "invalidation": 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38.645, "volume": 815, "typical_volume": 2951.3, "trend": 36.113094, "fair_value": 31.52901, "relative_strength": -1.790839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.570872, "energy": 86.043255, "activity_lines": [ 38.321, 37.991715, 37.302149, 36.803215 ] }, { "date": "2026-07-31", "close": 38.57, "volume": 12982, "typical_volume": 3536.3, "trend": 36.282438, "fair_value": 31.612333, "relative_strength": -2.55197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.612179, "energy": 68.979502, "activity_lines": [ 38.439333, 38.144068, 37.484678, 36.961725 ] }, { "date": "2026-08-07", "close": 39.290001, "volume": 2690, "typical_volume": 3443.95, "trend": 36.45071, "fair_value": 31.70057, "relative_strength": -3.487246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.958939, "energy": 74.128158, "activity_lines": [ 38.747, 38.404209, 37.720064, 37.155762 ] } ], "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." } } }