{
  "ticker": {
    "uuid": "7039abab-8a97-4da2-9677-b43f448e8a8d",
    "symbol": "AIUU",
    "name": "BNP PARIBAS EASY II MSCI USA PAB UCITS ETFUSD 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": 82.379,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 59.73,
    "architecture_energy": 43.382,
    "architecture_maturity": 62.977,
    "architecture_confidence": 70.184,
    "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": 34.58,
        "rotation_up": 44.6,
        "upward_expansion": 66.37,
        "deceleration": 82.58,
        "rotation_down": 27.67,
        "downward_expansion": 23.03
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
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    "latest_close": 13.962,
    "trend_reference": 12.9914,
    "distance_from_trend": 0.074711,
    "trend_direction": "Improving",
    "fair_value": 11.864259,
    "distance_from_fair_value": 0.176812,
    "fair_value_direction": "Improving",
    "relative_strength": -5.571232,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.157903,
    "excess_performance": -0.012988,
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.074711,
        "read": "Above"
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      {
        "label": "Trend direction",
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        "value": 0.029462,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.176812,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.048993,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.055712,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.012785,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.157903,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.109768,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.097143,
      "balance": 8.109768,
      "dry_up": 1.22271,
      "accumulation_observations": 4,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.021509,
      "annualized_volatility": 0.148052,
      "from_high_reference": -0.02268,
      "from_low_reference": 0.219389
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    "levels": {
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      "fair_value_reference": 11.864259,
      "structural_low": 11.652,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 2,
        "median_return": 0.017233,
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "end": "2025-08-08",
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-22",
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        "return": 0.0,
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        "regime": "deceleration",
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "end": "2026-01-30",
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      },
      {
        "date": "2026-04-10",
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        "relative_strength": -8.088669,
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        "modifier": "Structural repair",
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      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "trend": 12.676667,
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        "relative_strength": 2.603361,
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        "energy": 96.600254,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 3357.8,
        "trend": 12.711533,
        "fair_value": 11.74574,
        "relative_strength": -3.955571,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 4431.1,
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        "energy": 67.889899,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 11.774571,
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        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.090675,
        "energy": 63.642751,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "trend": 12.810067,
        "fair_value": 11.790179,
        "relative_strength": -5.234752,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 53.900296,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 4694.7,
        "trend": 12.851333,
        "fair_value": 11.80717,
        "relative_strength": -3.248876,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.115886,
        "energy": 59.687283,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 13.968,
        "volume": 3460,
        "typical_volume": 4831.7,
        "trend": 12.8968,
        "fair_value": 11.823059,
        "relative_strength": -2.591674,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.782989,
        "energy": 61.030734,
        "activity_lines": [
          13.9068,
          13.904,
          13.554952,
          13.220903
        ]
      },
      {
        "date": "2026-07-24",
        "close": 13.582,
        "volume": 6380,
        "typical_volume": 5150.7,
        "trend": 12.923333,
        "fair_value": 11.835898,
        "relative_strength": -5.011953,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.245969,
        "energy": 53.257459,
        "activity_lines": [
          13.817867,
          13.845455,
          13.597476,
          13.26511
        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.652,
        "volume": 18781,
        "typical_volume": 6019.25,
        "trend": 12.9522,
        "fair_value": 11.849058,
        "relative_strength": -5.035991,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.497336,
        "energy": 45.268302,
        "activity_lines": [
          13.7684,
          13.801927,
          13.639238,
          13.31212
        ]
      },
      {
        "date": "2026-08-07",
        "close": 13.962,
        "volume": 580,
        "typical_volume": 5970.55,
        "trend": 12.9914,
        "fair_value": 11.864259,
        "relative_strength": -5.571232,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 59.730076,
        "energy": 43.381702,
        "activity_lines": [
          13.812267,
          13.819636,
          13.70401,
          13.377269
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      }
    ],
    "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."
    }
  }
}