{ "ticker": { "uuid": "89449776-e64d-4c73-b559-15668371aa20", "symbol": "TPHG", "name": "Amundi Index Solutions - Amundi Japan Topix UCITS ETF-C GBP Hedged", "exchange": "PAR", "country": "FR", "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": "^FCHI", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 79.282, "architecture_energy": 50.787, "architecture_maturity": 61.807, "architecture_confidence": 84.737, "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": 30.28, "rotation_up": 45.6, "upward_expansion": 74.42, "deceleration": 91.49, "rotation_down": 29.3, "downward_expansion": 12.42 }, "activity_lines": [ 185.455335, 185.293126, 182.678984, 179.430546 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 190.190002, "trend_reference": 175.426417, "distance_from_trend": 0.084158, "trend_direction": "Improving", "fair_value": 128.158129, "distance_from_fair_value": 0.484026, "fair_value_direction": "Improving", "relative_strength": 9.206997, "relative_strength_direction": "Weakening", "price_momentum": 0.115131, "excess_performance": 0.06182, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084158, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.06668, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.484026, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.015332, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.09207, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.088739, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.115131, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.4124, "read": "Demand-led" } ], "volume": { "latest": 1131, "relative_activity": 1.794668, "balance": 2.4124, "dry_up": 1.598699, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.021826, "annualized_volatility": 0.186992, "from_high_reference": 0.0, "from_low_reference": 0.536746 }, "levels": { "trend_reference": 175.426417, "fair_value_reference": 128.158129, "structural_low": 161.030304, "invalidation": "A 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87.12939, "activity_lines": [ 180.964194, 178.668646, 174.722843, 171.660788 ] }, { "date": "2026-06-19", "close": 188.460007, "volume": 56, "typical_volume": 908.9, "trend": 167.919483, "fair_value": 123.887503, "relative_strength": 16.715499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.967178, "energy": 95.861077, "activity_lines": [ 183.585483, 180.831485, 176.249211, 173.07264 ] }, { "date": "2026-06-26", "close": 185.100006, "volume": 0, "typical_volume": 892.4, "trend": 169.014843, "fair_value": 124.493447, "relative_strength": 14.420075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.89212, "energy": 87.538197, "activity_lines": [ 184.513104, 182.049253, 177.33558, 174.181061 ] }, { "date": "2026-07-03", "close": 185.800003, "volume": 0, "typical_volume": 811.55, "trend": 170.133537, "fair_value": 125.114261, "relative_strength": 12.520902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.411429, "energy": 87.107772, "activity_lines": [ 185.282791, 183.205783, 178.419349, 175.263975 ] }, { "date": "2026-07-10", "close": 188.470001, "volume": 83, "typical_volume": 682.8, "trend": 171.34123, "fair_value": 125.757274, "relative_strength": 15.650734, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.546218, "energy": 86.030603, "activity_lines": [ 186.61381, 184.562962, 179.705557, 176.446972 ] }, { "date": "2026-07-17", "close": 182.330002, "volume": 1402, "typical_volume": 741.6, "trend": 172.344257, "fair_value": 126.348393, "relative_strength": 11.22365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.882125, "energy": 62.43318, "activity_lines": [ 185.439336, 184.488237, 180.335038, 177.155925 ] }, { "date": "2026-07-24", "close": 182.330002, "volume": 0, "typical_volume": 738.35, "trend": 173.347284, "fair_value": 126.928954, "relative_strength": 10.134628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.579575, "energy": 51.852262, "activity_lines": [ 184.205336, 184.309315, 180.943851, 177.800167 ] }, { "date": "2026-07-31", "close": 182.690002, "volume": 1497, "typical_volume": 774.35, "trend": 174.26185, "fair_value": 127.523317, "relative_strength": 8.038319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.847632, "energy": 39.857174, "activity_lines": [ 183.500002, 184.150848, 181.49868, 178.402923 ] }, { "date": "2026-08-07", "close": 190.190002, "volume": 1131, "typical_volume": 630.2, "trend": 175.426417, "fair_value": 128.158129, "relative_strength": 9.206997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.281729, "energy": 50.786655, "activity_lines": [ 185.455335, 185.293126, 182.678984, 179.430546 ] } ], "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." } } }