{ "ticker": { "uuid": "7476c56b-53a5-4c6b-81d8-29b4ddc56a0f", "symbol": "MLPS", "name": "Invesco Morningstar US Energy Infrastructure MLP 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.623, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 65.156, "architecture_energy": 77.258, "architecture_maturity": 28.883, "architecture_confidence": 69.472, "architecture_tenure": "Developing", "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": 11.83, "rotation_up": 77.34, "upward_expansion": 93.42, "deceleration": 41.91, "rotation_down": 8.92, "downward_expansion": 17.75 }, "activity_lines": [ 144.554665, 141.887272, 139.622476, 138.085376 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 143.389999, "trend_reference": 135.141, "distance_from_trend": 0.06104, "trend_direction": "Improving", "fair_value": 118.745449, "distance_from_fair_value": 0.207541, "fair_value_direction": "Improving", "relative_strength": -3.258979, "relative_strength_direction": "Improving", "price_momentum": 0.147028, "excess_performance": -0.023864, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.06104, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.058236, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.207541, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.029934, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.03259, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000586, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.147028, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.310176, "read": "Demand-led" } ], "volume": { "latest": 7615, "relative_activity": 1.798493, "balance": 1.310176, "dry_up": 1.429938, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.030889, "annualized_volatility": 0.201012, "from_high_reference": -0.031541, "from_low_reference": 0.297647 }, "levels": { "trend_reference": 135.141, "fair_value_reference": 118.745449, "structural_low": 123.489998, 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"close": 143.130005, "volume": 4512, "typical_volume": 3686.95, "trend": 132.204334, "fair_value": 117.7075, "relative_strength": -0.332085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.221716, "energy": 50.267841, "activity_lines": [ 139.170002, 138.191092, 137.260096, 135.705936 ] }, { "date": "2026-07-24", "close": 147.119995, "volume": 2539, "typical_volume": 3744.3, "trend": 133.297667, "fair_value": 118.05641, "relative_strength": 2.6465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.579001, "energy": 76.193942, "activity_lines": [ 142.338667, 139.809637, 138.243524, 136.668237 ] }, { "date": "2026-07-31", "close": 146.199997, "volume": 9552, "typical_volume": 4079.8, "trend": 134.326667, "fair_value": 118.409744, "relative_strength": 1.430541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.879198, "energy": 80.131662, "activity_lines": [ 144.255999, 141.143091, 139.090333, 137.500645 ] }, { "date": "2026-08-07", "close": 143.389999, "volume": 7615, "typical_volume": 4234.1, "trend": 135.141, "fair_value": 118.745449, "relative_strength": -3.258979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.155966, "energy": 77.257981, "activity_lines": [ 144.554665, 141.887272, 139.622476, 138.085376 ] } ], "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." } } }