{ "ticker": { "uuid": "61cebe9d-044d-418f-b67d-6572a27f6cf7", "symbol": "FAMMWS", "name": "Fineco AM MSCI World Semiconductors and Semiconductor Equipment 20% Capped UCITS ETF A EUR Acc", "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": 94.976, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 30.889, "architecture_energy": 24.915, "architecture_maturity": 75.071, "architecture_confidence": 96, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 48.43, "rotation_up": 19.54, "upward_expansion": 53.99, "deceleration": 94.0, "rotation_down": 32.5, "downward_expansion": 19.99 }, "activity_lines": [ 605.554004, 623.695096, 612.933911, 575.017317 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 617.700012, "trend_reference": 525.308004, "distance_from_trend": 0.175882, "trend_direction": "Improving", "fair_value": 305.602097, "distance_from_fair_value": 1.021256, "fair_value_direction": "Weakening", "relative_strength": 18.945556, "relative_strength_direction": "Weakening", "price_momentum": 0.492931, "excess_performance": 0.322039, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.175882, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.197293, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.021256, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.176757, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.189456, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.223845, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.492931, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.006674, "read": "Demand-led" } ], "volume": { "latest": 1583, "relative_activity": 0.650437, "balance": 3.006674, "dry_up": 1.004212, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.086079, "annualized_volatility": 0.36369, "from_high_reference": -0.123096, "from_low_reference": 1.167368 }, "levels": { "trend_reference": 525.308004, "fair_value_reference": 305.602097, "structural_low": 382.25, "invalidation": 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"close": 590.51001, "volume": 2299, "typical_volume": 2329.4, "trend": 503.80367, "fair_value": 296.783507, "relative_strength": 20.77236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.890952, "energy": 45.6678, "activity_lines": [ 636.234009, 641.778553, 600.129245, 557.037274 ] }, { "date": "2026-07-24", "close": 617.75, "volume": 1885, "typical_volume": 2300.1, "trend": 511.917671, "fair_value": 299.768058, "relative_strength": 25.335692, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.064978, "energy": 34.427221, "activity_lines": [ 624.866007, 638.332552, 606.588626, 564.38865 ] }, { "date": "2026-07-31", "close": 577.179993, "volume": 4009, "typical_volume": 2403.35, "trend": 518.218003, "fair_value": 302.528571, "relative_strength": 15.405247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.235205, "energy": 25.759371, "activity_lines": [ 605.485335, 627.05164, 608.213386, 568.599123 ] }, { "date": "2026-08-07", "close": 617.700012, "volume": 1583, "typical_volume": 2433.75, "trend": 525.308004, "fair_value": 305.602097, "relative_strength": 18.945556, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.888931, "energy": 24.915286, "activity_lines": [ 605.554004, 623.695096, 612.933911, 575.017317 ] } ], "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." } } }