{ "ticker": { "uuid": "a39c03f0-a47f-46f7-a498-73a66ce7c86b", "symbol": "CMU", "name": "Amundi MSCI EMU ESG Selection - UCITS ETF DR - EUR (C)", "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": 78.218, "architecture_energy": 64.541, "architecture_maturity": 94.412, "architecture_confidence": 56.968, "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": 22.36, "rotation_up": 48.15, "upward_expansion": 76.17, "deceleration": 74.17, "rotation_down": 29.69, "downward_expansion": 16.5 }, "activity_lines": [ 421.616667, 421.103635, 411.266665, 398.832902 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 429.649994, "trend_reference": 384.423332, "distance_from_trend": 0.117648, "trend_direction": "Improving", "fair_value": 317.543911, "distance_from_fair_value": 0.353041, "fair_value_direction": "Improving", "relative_strength": 1.126528, "relative_strength_direction": "Improving", "price_momentum": 0.186715, "excess_performance": 0.015823, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.117648, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.067264, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.353041, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.09202, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.011265, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.023352, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.186715, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 7.07322, "read": "Demand-led" } ], "volume": { "latest": 5049, "relative_activity": 0.70743, "balance": 7.07322, "dry_up": 1.343963, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.023069, "annualized_volatility": 0.167834, "from_high_reference": -0.004287, "from_low_reference": 0.344126 }, "levels": { "trend_reference": 384.423332, "fair_value_reference": 317.543911, "structural_low": 326.0, 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393.305267 ] }, { "date": "2026-07-31", "close": 418.200012, "volume": 2749, "typical_volume": 7004.55, "trend": 382.151665, "fair_value": 316.495835, "relative_strength": 1.397977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.9141, "energy": 53.635705, "activity_lines": [ 418.323336, 418.866364, 407.775475, 395.768494 ] }, { "date": "2026-08-07", "close": 429.649994, "volume": 5049, "typical_volume": 7137.1, "trend": 384.423332, "fair_value": 317.543911, "relative_strength": 1.126528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.218234, "energy": 64.541251, "activity_lines": [ 421.616667, 421.103635, 411.266665, 398.832902 ] } ], "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." } } }