{ "ticker": { "uuid": "d63952a8-9582-4665-9cc2-32f60f8c4c00", "symbol": "EQUA", "name": "BNP Paribas Easy Quality Europe UCITS ETF Cap", "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": 74.533, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.062, "architecture_energy": 72.157, "architecture_maturity": 50.48, "architecture_confidence": 80.125, "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": 23.37, "rotation_up": 50.98, "upward_expansion": 83.31, "deceleration": 56.43, "rotation_down": 28.17, "downward_expansion": 14.65 }, "activity_lines": [ 206.266669, 205.875456, 203.372476, 201.141935 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 209.350006, "trend_reference": 198.684666, "distance_from_trend": 0.05368, "trend_direction": "Improving", "fair_value": 172.923845, "distance_from_fair_value": 0.210649, "fair_value_direction": "Improving", "relative_strength": -5.719555, "relative_strength_direction": "Weakening", "price_momentum": 0.079458, "excess_performance": -0.091434, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.05368, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040308, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.210649, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.033713, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.057196, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.019526, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.079458, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.884793, "read": "Demand-led" } ], "volume": { "latest": 27, "relative_activity": 0.136467, "balance": 1.884793, "dry_up": 0.27167, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.012489, "annualized_volatility": 0.160882, "from_high_reference": 0.0, "from_low_reference": 0.205239 }, "levels": { "trend_reference": 198.684666, "fair_value_reference": 172.923845, "structural_low": 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81.124038, "activity_lines": [ 203.749999, 201.626181, 198.919713, 197.114666 ] }, { "date": "2026-07-03", "close": 209.25, "volume": 50, "typical_volume": 194.55, "trend": 194.753, "fair_value": 171.063525, "relative_strength": -4.886706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.499328, "energy": 91.639224, "activity_lines": [ 205.826666, 203.227454, 200.058952, 198.108386 ] }, { "date": "2026-07-10", "close": 205.199997, "volume": 99, "typical_volume": 193.15, "trend": 195.523666, "fair_value": 171.440704, "relative_strength": -6.308372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.723002, "energy": 76.611066, "activity_lines": [ 205.999999, 203.972363, 200.740904, 198.782386 ] }, { "date": "2026-07-17", "close": 204.350006, "volume": 24, "typical_volume": 193.55, "trend": 196.266, "fair_value": 171.812435, "relative_strength": -5.204265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.458304, "energy": 75.136875, "activity_lines": [ 205.586668, 204.394, 201.309523, 199.351828 ] }, { "date": "2026-07-24", "close": 204.449997, "volume": 99, "typical_volume": 198.45, "trend": 197.011666, "fair_value": 172.184807, "relative_strength": -4.85761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.822123, "energy": 54.515012, "activity_lines": [ 205.216667, 204.720909, 201.86838, 199.879827 ] }, { "date": "2026-07-31", "close": 205.0, "volume": 65, "typical_volume": 196.5, "trend": 197.775666, "fair_value": 172.560704, "relative_strength": -5.08158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.397124, "energy": 49.259295, "activity_lines": [ 205.033333, 204.963636, 202.441666, 200.395204 ] }, { "date": "2026-08-07", "close": 209.350006, "volume": 27, "typical_volume": 197.85, "trend": 198.684666, "fair_value": 172.923845, "relative_strength": -5.719555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.062334, "energy": 72.157197, "activity_lines": [ 206.266669, 205.875456, 203.372476, 201.141935 ] } ], "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." } } }