{ "ticker": { "uuid": "693583f3-3db8-46bf-bb14-83dab8d7132c", "symbol": "UST", "name": "Amundi Core Nasdaq-100 Swap UCITS ETF Acc", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 47.291, "architecture_energy": 30.578, "architecture_maturity": 69.025, "architecture_confidence": 92.114, "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": 28.08, "rotation_up": 31.43, "upward_expansion": 62.23, "deceleration": 85.49, "rotation_down": 30.83, "downward_expansion": 21.23 }, "activity_lines": [ 102.244667, 103.265964, 102.418271, 99.164207 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 104.650002, "trend_reference": 95.108834, "distance_from_trend": 0.100318, "trend_direction": "Improving", "fair_value": 77.404022, "distance_from_fair_value": 0.351997, "fair_value_direction": "Weakening", "relative_strength": 7.20662, "relative_strength_direction": "Weakening", "price_momentum": 0.220693, "excess_performance": 0.167381, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.100318, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.060112, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.351997, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.017741, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.072066, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.094931, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.220693, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.893392, "read": "Demand-led" } ], "volume": { "latest": 112938, "relative_activity": 1.156517, "balance": 1.893392, "dry_up": 0.924049, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.034304, "annualized_volatility": 0.18653, "from_high_reference": -0.029401, "from_low_reference": 0.310861 }, "levels": { "trend_reference": 95.108834, "fair_value_reference": 77.404022, "structural_low": 81.769997, "invalidation": "A 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104.692582, 101.250509, 97.699854 ] }, { "date": "2026-07-24", "close": 101.290001, "volume": 66373, "typical_volume": 97381.2, "trend": 94.2079, "fair_value": 76.807721, "relative_strength": 8.478236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.287594, "energy": 40.446188, "activity_lines": [ 103.076667, 104.0888, 101.660438, 98.184921 ] }, { "date": "2026-07-31", "close": 99.349998, "volume": 90781, "typical_volume": 96809.1, "trend": 94.613167, "fair_value": 77.084727, "relative_strength": 4.49046, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.987444, "energy": 27.591491, "activity_lines": [ 101.604667, 103.154618, 101.816781, 98.516669 ] }, { "date": "2026-08-07", "close": 104.650002, "volume": 112938, "typical_volume": 97653.6, "trend": 95.108834, "fair_value": 77.404022, "relative_strength": 7.20662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.291395, "energy": 30.578452, "activity_lines": [ 102.244667, 103.265964, 102.418271, 99.164207 ] } ], "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." } } }