{ "ticker": { "uuid": "9b3ea0c0-e5d4-4908-b8ae-5e2e526bb2b9", "symbol": "ESGUSA", "name": "Amundi MSCI USA ESG Selection UCITS ETF 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": 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": 72.882, "architecture_energy": 59.997, "architecture_maturity": 65.415, "architecture_confidence": 69.145, "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": 17.46, "rotation_up": 49.16, "upward_expansion": 72.5, "deceleration": 85.5, "rotation_down": 27.92, "downward_expansion": 22.5 }, "activity_lines": [ 118.231998, 118.270181, 116.145952, 112.891548 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 120.699997, "trend_reference": 109.212333, "distance_from_trend": 0.105187, "trend_direction": "Improving", "fair_value": 96.344895, "distance_from_fair_value": 0.252791, "fair_value_direction": "Improving", "relative_strength": -1.576759, "relative_strength_direction": "Weakening", "price_momentum": 0.179287, "excess_performance": 0.008395, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.105187, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.050045, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.252791, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.069578, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.015768, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.002001, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.179287, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.799008, "read": "Demand-led" } ], "volume": { "latest": 4633, "relative_activity": 0.787316, "balance": 2.799008, "dry_up": 0.990687, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.018934, "annualized_volatility": 0.130176, "from_high_reference": -0.005356, "from_low_reference": 0.279279 }, "levels": { "trend_reference": 109.212333, "fair_value_reference": 96.344895, "structural_low": 95.949997, "invalidation": "A 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112.118516 ] }, { "date": "2026-08-07", "close": 120.699997, "volume": 4633, "typical_volume": 5884.55, "trend": 109.212333, "fair_value": 96.344895, "relative_strength": -1.576759, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.881705, "energy": 59.996879, "activity_lines": [ 118.231998, 118.270181, 116.145952, 112.891548 ] } ], "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." } } }