{ "ticker": { "uuid": "b4a6e743-9c3b-4a5d-b61b-e2bdc55ea514", "symbol": "MWEQ", "name": "Invesco MSCI World Equal Weight UCITS ETF USD Accumulating", "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": 94.769, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 89.018, "architecture_energy": 75.217, "architecture_maturity": 42.537, "architecture_confidence": 75.454, "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": 3.87, "rotation_up": 68.56, "upward_expansion": 88.69, "deceleration": 52.26, "rotation_down": 23.74, "downward_expansion": 13.02 }, "activity_lines": [ 5.962933, 5.924618, 5.818919, 5.726759 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 6.065, "trend_reference": 5.6218, "distance_from_trend": 0.078836, "trend_direction": "Improving", "fair_value": 5.178146, "distance_from_fair_value": 0.171269, "fair_value_direction": "Improving", "relative_strength": -4.06975, "relative_strength_direction": "Improving", "price_momentum": 0.113253, "excess_performance": -0.057639, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.078836, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040573, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.171269, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.069909, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.040698, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.01455, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.113253, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.618344, "read": "Demand-led" } ], "volume": { "latest": 785749, "relative_activity": 2.520762, "balance": 1.618344, "dry_up": 1.918017, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.015017, "annualized_volatility": 0.098844, "from_high_reference": -0.000494, "from_low_reference": 0.211304 }, "levels": { "trend_reference": 5.6218, "fair_value_reference": 5.178146, "structural_low": 5.167, "invalidation": "A 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"fair_value": 5.168811, "relative_strength": -3.872117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.620308, "energy": 64.541957, "activity_lines": [ 5.9146, 5.885255, 5.780995, 5.696822 ] }, { "date": "2026-08-07", "close": 6.065, "volume": 785749, "typical_volume": 311710.85, "trend": 5.6218, "fair_value": 5.178146, "relative_strength": -4.06975, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.017997, "energy": 75.216861, "activity_lines": [ 5.962933, 5.924618, 5.818919, 5.726759 ] } ], "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." } } }