{ "ticker": { "uuid": "71933b05-a75d-4c14-9600-005cd37d16ef", "symbol": "LAFRI", "name": "Amundi Pan Africa 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -17.16, "architecture_energy": 12.978, "architecture_maturity": 12.378, "architecture_confidence": 71.906, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 56.46, "rotation_up": 20.55, "upward_expansion": 9.86, "deceleration": 55.22, "rotation_down": 37.78, "downward_expansion": 66.53 }, "activity_lines": [ 14.452133, 14.416727, 14.538743, 14.611948 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 15.206, "trend_reference": 14.816467, "distance_from_trend": 0.026291, "trend_direction": "Improving", "fair_value": 11.103783, "distance_from_fair_value": 0.369443, "fair_value_direction": "Weakening", "relative_strength": -7.882532, "relative_strength_direction": "Weakening", "price_momentum": -0.014006, "excess_performance": -0.184898, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.026291, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.011391, "read": "Rising" 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"typical_volume": 85872.85, "trend": 14.8652, "fair_value": 10.973046, "relative_strength": -11.083611, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.395367, "energy": 37.010513, "activity_lines": [ 14.474933, 14.568436, 14.627648, 14.748073 ] }, { "date": "2026-07-17", "close": 13.804, "volume": 63031, "typical_volume": 78315.25, "trend": 14.849, "fair_value": 11.003085, "relative_strength": -13.460249, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.352866, "energy": 57.481652, "activity_lines": [ 14.243467, 14.414764, 14.545971, 14.679609 ] }, { "date": "2026-07-24", "close": 14.19, "volume": 73642, "typical_volume": 65543.8, "trend": 14.8302, "fair_value": 11.033271, "relative_strength": -10.894473, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.101825, "energy": 46.302282, "activity_lines": [ 14.189333, 14.354982, 14.514124, 14.637092 ] }, { "date": "2026-07-31", "close": 14.046, "volume": 31748, "typical_volume": 59482.6, "trend": 14.811533, "fair_value": 11.064418, "relative_strength": -12.378354, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.304172, "energy": 52.853736, "activity_lines": [ 14.125867, 14.276945, 14.470781, 14.586499 ] }, { "date": "2026-08-07", "close": 15.206, "volume": 118228, "typical_volume": 61181.25, "trend": 14.816467, "fair_value": 11.103783, "relative_strength": -7.882532, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.159671, "energy": 12.977857, "activity_lines": [ 14.452133, 14.416727, 14.538743, 14.611948 ] } ], "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." } } }