{ "ticker": { "uuid": "9659b767-cfcd-4360-a8d2-9951283c6c4a", "symbol": "RENW", "name": "L&G Clean Energy UCITS ETF USD Acc", "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": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 60.388, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -23.168, "architecture_energy": 37.05, "architecture_maturity": 39.219, "architecture_confidence": 53.927, "architecture_tenure": "Developing", "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": 41.45, "rotation_up": 14.11, "upward_expansion": 22.69, "deceleration": 62.83, "rotation_down": 64.35, "downward_expansion": 38.69 }, "activity_lines": [ 14.459467, 14.871818, 15.310724, 15.067062 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 14.53, "trend_reference": 14.590933, "distance_from_trend": -0.004176, "trend_direction": "Improving", "fair_value": 10.354019, "distance_from_fair_value": 0.40332, "fair_value_direction": "Weakening", "relative_strength": -4.439459, "relative_strength_direction": "Weakening", "price_momentum": 0.114093, "excess_performance": -0.056799, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004176, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.088946, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.40332, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.20483, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.044395, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.256619, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.114093, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.367689, "read": "Demand-led" } ], "volume": { "latest": 172001, "relative_activity": 0.726366, "balance": 1.367689, "dry_up": 0.956648, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.051639, "annualized_volatility": 0.197746, "from_high_reference": -0.158657, "from_low_reference": 0.446923 }, "levels": { "trend_reference": 14.590933, "fair_value_reference": 10.354019, "structural_low": 12.816, "invalidation": "A 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"relative_strength": -0.333457, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.527817, "energy": 21.752952, "activity_lines": [ 15.159467, 15.583673, 15.536133, 15.074753 ] }, { "date": "2026-07-24", "close": 14.6, "volume": 178836, "typical_volume": 234776.6, "trend": 14.4446, "fair_value": 10.295462, "relative_strength": -0.155466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.607339, "energy": 25.912957, "activity_lines": [ 14.886133, 15.345927, 15.485809, 15.091307 ] }, { "date": "2026-07-31", "close": 14.052, "volume": 351545, "typical_volume": 235860.8, "trend": 14.5132, "fair_value": 10.322635, "relative_strength": -4.686868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -19.427029, "energy": 36.093911, "activity_lines": [ 14.545333, 15.041309, 15.377267, 15.065978 ] }, { "date": "2026-08-07", "close": 14.53, "volume": 172001, "typical_volume": 236796.7, "trend": 14.590933, "fair_value": 10.354019, "relative_strength": -4.439459, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.168105, "energy": 37.049586, "activity_lines": [ 14.459467, 14.871818, 15.310724, 15.067062 ] } ], "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." } } }