{ "ticker": { "uuid": "be5a727a-09c8-4704-ab7b-b6b985403b70", "symbol": "HPAE", "name": "HSBC ETFs PLC - HSBC MSCI Europe Climate Paris Aligned UCITS ETF", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 67.215, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 73.685, "architecture_energy": 90.157, "architecture_maturity": 33.002, "architecture_confidence": 80.439, "architecture_tenure": "Developing", "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": 2.77, "rotation_up": 70.1, "upward_expansion": 99.94, "deceleration": 39.01, "rotation_down": 23.17, "downward_expansion": 21.94 }, "activity_lines": [ 28.649666, 28.518272, 28.064762, 27.755624 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 28.684999, "trend_reference": 27.442667, "distance_from_trend": 0.04527, "trend_direction": "Improving", "fair_value": 23.791244, "distance_from_fair_value": 0.205696, "fair_value_direction": "Improving", "relative_strength": -6.972607, "relative_strength_direction": "Weakening", "price_momentum": 0.066952, "excess_performance": -0.10394, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.04527, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034525, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.205696, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.023965, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.069726, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.008247, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.066952, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2644.0, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 2644.0, "dry_up": 2.816159, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.007763, "annualized_volatility": 0.113252, "from_high_reference": 0.0, "from_low_reference": 0.186311 }, "levels": { "trend_reference": 27.442667, "fair_value_reference": 23.791244, "structural_low": 26.235001, "invalidation": "A sustained 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27.459, 27.236455, 27.054667, 26.90786 ] }, { "date": "2026-06-12", "close": 27.764999, "volume": 0, "typical_volume": 420.4, "trend": 26.6755, "fair_value": 23.360827, "relative_strength": -7.67651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.764781, "energy": 79.351127, "activity_lines": [ 27.606, 27.370636, 27.126191, 26.982946 ] }, { "date": "2026-06-19", "close": 28.24, "volume": 0, "typical_volume": 149.4, "trend": 26.7725, "fair_value": 23.414929, "relative_strength": -8.224147, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.734303, "energy": 95.007025, "activity_lines": [ 27.880333, 27.563363, 27.240095, 27.083882 ] }, { "date": "2026-06-26", "close": 28.405001, "volume": 0, "typical_volume": 149.4, "trend": 26.868833, "fair_value": 23.47009, "relative_strength": -4.636331, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", 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"upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.052678, "energy": 91.518224, "activity_lines": [ 28.445667, 28.197273, 27.706691, 27.477882 ] }, { "date": "2026-07-24", "close": 28.684999, "volume": 3846, "typical_volume": 341.7, "trend": 27.25, "fair_value": 23.686885, "relative_strength": -3.892748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.413699, "energy": 87.538975, "activity_lines": [ 28.539666, 28.338182, 27.832024, 27.576678 ] }, { "date": "2026-07-31", "close": 28.684999, "volume": 0, "typical_volume": 341.7, "trend": 27.346334, "fair_value": 23.739064, "relative_strength": -4.384079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.500173, "energy": 88.380961, "activity_lines": [ 28.603999, 28.445182, 27.951381, 27.669258 ] }, { "date": "2026-08-07", "close": 28.684999, "volume": 0, "typical_volume": 341.6, "trend": 27.442667, "fair_value": 23.791244, "relative_strength": -6.972607, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.684965, "energy": 90.15697, "activity_lines": [ 28.649666, 28.518272, 28.064762, 27.755624 ] } ], "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." } } }