{ "ticker": { "uuid": "8282b833-0714-48b5-909d-d913aea939c7", "symbol": "B500", "name": "Amundi Index Solutions - Amundi S&P 500 Buyback", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 89.058, "architecture_energy": 74.569, "architecture_maturity": 70.638, "architecture_confidence": 68.048, "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": 4.54, "rotation_up": 71.75, "upward_expansion": 87.67, "deceleration": 65.72, "rotation_down": 21.68, "downward_expansion": 12.0 }, "activity_lines": [ 351.906671, 349.035639, 341.418666, 335.061504 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 357.600006, "trend_reference": 327.772999, "distance_from_trend": 0.090999, "trend_direction": "Improving", "fair_value": 286.999792, "distance_from_fair_value": 0.245994, "fair_value_direction": "Improving", "relative_strength": -3.540355, "relative_strength_direction": "Improving", "price_momentum": 0.124917, "excess_performance": -0.045974, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090999, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040166, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.245994, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.087906, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035404, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.037684, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.124917, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.112515, "read": "Demand-led" } ], "volume": { "latest": 578, "relative_activity": 1.035935, "balance": 1.112515, "dry_up": 2.213012, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.01504, "annualized_volatility": 0.078027, "from_high_reference": -0.010515, "from_low_reference": 0.2295 }, "levels": { "trend_reference": 327.772999, "fair_value_reference": 286.999792, "structural_low": 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"activity_lines": [ 348.820003, 346.60382, 338.946808, 333.059396 ] }, { "date": "2026-08-07", "close": 357.600006, "volume": 578, "typical_volume": 557.95, "trend": 327.772999, "fair_value": 286.999792, "relative_strength": -3.540355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.057659, "energy": 74.569222, "activity_lines": [ 351.906671, 349.035639, 341.418666, 335.061504 ] } ], "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." } } }