{ "ticker": { "uuid": "c9580d9d-8f03-4ef8-84db-f616425b078c", "symbol": "IQSD", "name": "Invesco Global Active ESG Equit", "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": 88.771, "architecture_energy": 71.584, "architecture_maturity": 89.811, "architecture_confidence": 67.608, "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": 13.98, "rotation_up": 56.8, "upward_expansion": 83.0, "deceleration": 71.35, "rotation_down": 28.91, "downward_expansion": 12.0 }, "activity_lines": [ 80.425333, 80.00709, 78.732428, 77.003177 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 82.330002, "trend_reference": 74.976442, "distance_from_trend": 0.098078, "trend_direction": "Improving", "fair_value": 60.477747, "distance_from_fair_value": 0.361327, "fair_value_direction": "Improving", "relative_strength": -1.211607, "relative_strength_direction": "Weakening", "price_momentum": 0.142486, "excess_performance": -0.028406, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.098078, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051335, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.361327, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.039009, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.012116, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.006152, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.142486, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.711067, "read": "Demand-led" } ], "volume": { "latest": 273, "relative_activity": 0.255989, "balance": 2.711067, "dry_up": 1.214309, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.015856, "annualized_volatility": 0.124904, "from_high_reference": -0.006396, "from_low_reference": 0.294304 }, "levels": { "trend_reference": 74.976442, "fair_value_reference": 60.477747, "structural_low": 67.300003, 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"stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.313833, "energy": 64.241657, "activity_lines": [ 79.535999, 79.366, 77.784999, 76.165741 ] }, { "date": "2026-07-31", "close": 79.519997, "volume": 1385, "typical_volume": 1081.85, "trend": 74.599584, "fair_value": 60.232218, "relative_strength": -1.765551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.646041, "energy": 60.828768, "activity_lines": [ 79.531332, 79.450545, 78.149285, 76.50444 ] }, { "date": "2026-08-07", "close": 82.330002, "volume": 273, "typical_volume": 1066.45, "trend": 74.976442, "fair_value": 60.477747, "relative_strength": -1.211607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.77086, "energy": 71.583855, "activity_lines": [ 80.425333, 80.00709, 78.732428, 77.003177 ] } ], "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." } } }