{ "ticker": { "uuid": "bc355ec9-4d8a-4b45-9442-eb8c90c450b7", "symbol": "WEMT2", "name": "BNP PARIBAS Easy ICAV - BNP Paribas Easy MSCI World Min TE UCITS ETF UCITS ETF EUR CAPITALISATION", "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": 84.085, "architecture_energy": 69.193, "architecture_maturity": 87.419, "architecture_confidence": 64.723, "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": 16.75, "rotation_up": 55.0, "upward_expansion": 83.0, "deceleration": 71.49, "rotation_down": 28.99, "downward_expansion": 12.0 }, "activity_lines": [ 17.403867, 17.331528, 17.058286, 16.699097 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 17.698, "trend_reference": 16.2872, "distance_from_trend": 0.08662, "trend_direction": "Improving", "fair_value": 14.073255, "distance_from_fair_value": 0.257563, "fair_value_direction": "Improving", "relative_strength": -3.594264, "relative_strength_direction": "Improving", "price_momentum": 0.136235, "excess_performance": -0.034656, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08662, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04131, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.257563, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.072988, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.035943, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.004596, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.136235, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.672102, "read": "Demand-led" } ], "volume": { "latest": 38256, "relative_activity": 0.865294, "balance": 2.672102, "dry_up": 1.106594, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.016108, "annualized_volatility": 0.106143, "from_high_reference": -0.005954, "from_low_reference": 0.230737 }, "levels": { "trend_reference": 16.2872, "fair_value_reference": 14.073255, "structural_low": 14.844, "invalidation": 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"up", "direction": 84.046353, "energy": 91.462722, "activity_lines": [ 17.289467, 17.151273, 16.692305, 16.381011 ] }, { "date": "2026-07-17", "close": 17.274, "volume": 86346, "typical_volume": 41864.4, "trend": 16.0958, "fair_value": 14.003197, "relative_strength": -2.865046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.906814, "energy": 81.831851, "activity_lines": [ 17.309334, 17.200582, 16.787495, 16.461333 ] }, { "date": "2026-07-24", "close": 17.312, "volume": 23815, "typical_volume": 43025.2, "trend": 16.163867, "fair_value": 14.026336, "relative_strength": -2.415317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.644812, "energy": 66.970265, "activity_lines": [ 17.320533, 17.239273, 16.878686, 16.539798 ] }, { "date": "2026-07-31", "close": 17.158001, "volume": 47280, "typical_volume": 45205.15, "trend": 16.223, "fair_value": 14.048083, "relative_strength": -3.841347, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.995421, "energy": 63.544704, "activity_lines": [ 17.274667, 17.238364, 16.946933, 16.603936 ] }, { "date": "2026-08-07", "close": 17.698, "volume": 38256, "typical_volume": 44211.55, "trend": 16.2872, "fair_value": 14.073255, "relative_strength": -3.594264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.085368, "energy": 69.193381, "activity_lines": [ 17.403867, 17.331528, 17.058286, 16.699097 ] } ], "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." } } }