{ "ticker": { "uuid": "c37b5ae6-2283-4795-9c5a-52375c74b720", "symbol": "FMI", "name": "Amundi Index Solutions - Amundi ITALY MIB ESG UCITS ETF DR - EUR C", "exchange": "PAR", "country": "FR", "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": "^FCHI", "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": 76.997, "architecture_energy": 57.609, "architecture_maturity": 96.742, "architecture_confidence": 65.887, "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": 20.93, "rotation_up": 48.18, "upward_expansion": 76.54, "deceleration": 71.42, "rotation_down": 29.43, "downward_expansion": 14.54 }, "activity_lines": [ 129.734668, 129.637456, 126.496668, 122.482023 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 132.800003, "trend_reference": 117.709334, "distance_from_trend": 0.128203, "trend_direction": "Improving", "fair_value": 89.466795, "distance_from_fair_value": 0.48435, "fair_value_direction": "Improving", "relative_strength": 11.112367, "relative_strength_direction": "Weakening", "price_momentum": 0.207053, "excess_performance": 0.153742, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.128203, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.070137, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.48435, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.060156, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.111124, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.022118, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.207053, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.250135, "read": "Demand-led" } ], "volume": { "latest": 5124, "relative_activity": 0.686583, "balance": 1.250135, "dry_up": 0.808115, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.029657, "annualized_volatility": 0.194101, "from_high_reference": -0.004945, "from_low_reference": 0.350829 }, "levels": { "trend_reference": 117.709334, "fair_value_reference": 89.466795, "structural_low": 98.309998, 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118.006152 ] }, { "date": "2026-07-10", "close": 130.800003, "volume": 6712, "typical_volume": 8281.15, "trend": 114.984667, "fair_value": 87.780962, "relative_strength": 16.074674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.634584, "energy": 86.180281, "activity_lines": [ 130.516002, 128.112366, 122.723621, 119.082195 ] }, { "date": "2026-07-17", "close": 128.440002, "volume": 4553, "typical_volume": 8151.45, "trend": 115.667334, "fair_value": 88.198846, "relative_strength": 13.502058, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.5242, "energy": 64.645855, "activity_lines": [ 129.944002, 128.586548, 123.730573, 119.950281 ] }, { "date": "2026-07-24", "close": 127.260002, "volume": 4912, "typical_volume": 7712.5, "trend": 116.328667, "fair_value": 88.597115, "relative_strength": 11.580083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.699546, "energy": 59.762603, "activity_lines": [ 128.954668, 128.685093, 124.55124, 120.698195 ] }, { "date": "2026-07-31", "close": 128.139999, "volume": 9535, "typical_volume": 7711.5, "trend": 116.962001, "fair_value": 89.013974, "relative_strength": 10.168142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.476014, "energy": 47.68154, "activity_lines": [ 128.572001, 128.793093, 125.356573, 121.460216 ] }, { "date": "2026-08-07", "close": 132.800003, "volume": 5124, "typical_volume": 7463.05, "trend": 117.709334, "fair_value": 89.466795, "relative_strength": 11.112367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.996877, "energy": 57.609179, "activity_lines": [ 129.734668, 129.637456, 126.496668, 122.482023 ] } ], "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." } } }