{
  "ticker": {
    "uuid": "73caa23d-546f-4170-a580-eeb576c15149",
    "symbol": "ESGL",
    "name": "Amundi MSCI Europe ESG Selection UCITS ETF Acc",
    "exchange": "EBS",
    "country": "CH",
    "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": "^SSMI",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 87.135,
    "architecture_energy": 74.724,
    "architecture_maturity": 55.616,
    "architecture_confidence": 89.376,
    "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": 10.0,
        "rotation_up": 59.05,
        "upward_expansion": 83.36,
        "deceleration": 58.94,
        "rotation_down": 28.67,
        "downward_expansion": 12.36
      },
      "activity_lines": [
        39.539334,
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        37.667721
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 40.110001,
    "trend_reference": 36.838833,
    "distance_from_trend": 0.088797,
    "trend_direction": "Improving",
    "fair_value": 32.65837,
    "distance_from_fair_value": 0.228169,
    "fair_value_direction": "Improving",
    "relative_strength": 1.717312,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.1297,
    "excess_performance": 0.046817,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.088797,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044491,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.228169,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.09139,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.017173,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.007762,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.1297,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.964893,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6643,
      "relative_activity": 0.915821,
      "balance": 8.964893,
      "dry_up": 1.150773,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.012792,
      "annualized_volatility": 0.130618,
      "from_high_reference": 0.0,
      "from_low_reference": 0.244879
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    "levels": {
      "trend_reference": 36.838833,
      "fair_value_reference": 32.65837,
      "structural_low": 33.305,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 29,
        "median_return": 0.004961,
        "positive_rate": 0.586207,
        "directional_follow_through": 0.586207,
        "median_excess_return": 0.005433,
        "regime_survival": 0.689655,
        "best_return": 0.05523,
        "worst_return": -0.047822,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.363636,
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        "worst_return": -0.02834,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.015733,
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        "horizon": "Full cycle",
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        "worst_return": -0.134503,
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        "date": "2026-05-08",
        "close": 36.18,
        "volume": 28969,
        "typical_volume": 7740.9,
        "trend": 35.05669,
        "fair_value": 31.826767,
        "relative_strength": 2.493556,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.733472,
        "energy": 59.841022,
        "activity_lines": [
          36.166,
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          35.512119,
          35.335121
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      },
      {
        "date": "2026-05-15",
        "close": 36.200001,
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        "typical_volume": 8045.9,
        "trend": 35.140357,
        "fair_value": 31.87119,
        "relative_strength": 1.561734,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.566799,
        "energy": 56.403183,
        "activity_lines": [
          36.166667,
          35.786455,
          35.582309,
          35.408883
        ]
      },
      {
        "date": "2026-05-22",
        "close": 37.200001,
        "volume": 3572,
        "typical_volume": 8222.4,
        "trend": 35.151833,
        "fair_value": 31.92712,
        "relative_strength": 2.113026,
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        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 76.427387,
        "energy": 59.863627,
        "activity_lines": [
          36.488667,
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          35.740167,
          35.541763
        ]
      },
      {
        "date": "2026-05-29",
        "close": 37.380001,
        "volume": 9815,
        "typical_volume": 8708.15,
        "trend": 35.269667,
        "fair_value": 31.982537,
        "relative_strength": 2.246007,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 75.401554,
        "energy": 65.619722,
        "activity_lines": [
          36.840668,
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          35.904262,
          35.685516
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      },
      {
        "date": "2026-06-05",
        "close": 37.775002,
        "volume": 5805,
        "typical_volume": 8998.4,
        "trend": 35.413667,
        "fair_value": 32.041479,
        "relative_strength": 4.410563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.823734,
        "energy": 81.901486,
        "activity_lines": [
          37.238335,
          36.786637,
          36.099238,
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      },
      {
        "date": "2026-06-12",
        "close": 38.299999,
        "volume": 4218,
        "typical_volume": 9127.9,
        "trend": 35.564333,
        "fair_value": 32.100389,
        "relative_strength": 3.322692,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.375739,
        "energy": 91.531396,
        "activity_lines": [
          37.689334,
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 9271.0,
        "trend": 35.746333,
        "fair_value": 32.167729,
        "relative_strength": 4.110486,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.501673,
        "energy": 94.514301,
        "activity_lines": [
          38.167334,
          37.496546,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 39.134998,
        "volume": 0,
        "typical_volume": 9271.0,
        "trend": 35.910333,
        "fair_value": 32.233626,
        "relative_strength": 2.002507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.210629,
        "energy": 94.401114,
        "activity_lines": [
          38.581666,
          37.873273,
          36.8965,
          36.461065
        ]
      },
      {
        "date": "2026-07-03",
        "close": 39.68,
        "volume": 0,
        "typical_volume": 9271.0,
        "trend": 36.085667,
        "fair_value": 32.309043,
        "relative_strength": 1.578525,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.273632,
        "energy": 95.85882,
        "activity_lines": [
          39.048666,
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          37.218738,
          36.704269
        ]
      },
      {
        "date": "2026-07-10",
        "close": 39.150002,
        "volume": 6885,
        "typical_volume": 8768.7,
        "trend": 36.248833,
        "fair_value": 32.377344,
        "relative_strength": 1.52775,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.471113,
        "energy": 88.56658,
        "activity_lines": [
          39.185667,
          38.576546,
          37.472048,
          36.901968
        ]
      },
      {
        "date": "2026-07-17",
        "close": 39.029999,
        "volume": 407,
        "typical_volume": 8658.1,
        "trend": 36.397167,
        "fair_value": 32.444235,
        "relative_strength": 0.429242,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.056756,
        "energy": 87.585693,
        "activity_lines": [
          39.191,
          38.767364,
          37.701143,
          37.081398
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.169998,
        "volume": 1359,
        "typical_volume": 6986.1,
        "trend": 36.549167,
        "fair_value": 32.510613,
        "relative_strength": 0.897076,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.545316,
        "energy": 84.901567,
        "activity_lines": [
          39.194333,
          38.931818,
          37.932167,
          37.26029
        ]
      },
      {
        "date": "2026-07-31",
        "close": 39.455002,
        "volume": 24980,
        "typical_volume": 8014.45,
        "trend": 36.700667,
        "fair_value": 32.582857,
        "relative_strength": 1.464699,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.200997,
        "energy": 68.430684,
        "activity_lines": [
          39.268334,
          39.094091,
          38.173095,
          37.447764
        ]
      },
      {
        "date": "2026-08-07",
        "close": 40.110001,
        "volume": 6643,
        "typical_volume": 7253.6,
        "trend": 36.838833,
        "fair_value": 32.65837,
        "relative_strength": 1.717312,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.134557,
        "energy": 74.724102,
        "activity_lines": [
          39.539334,
          39.334455,
          38.451096,
          37.667721
        ]
      }
    ],
    "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."
    }
  }
}