{ "ticker": { "uuid": "d9d9e71f-26b6-4d5c-bf9d-47a126f555d9", "symbol": "A500", "name": "Amundi Index Solutions - Amundi S&P 500 Swap UCITS ETF EUR Acc", "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": 93.856, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.933, "architecture_energy": 65.611, "architecture_maturity": 87.768, "architecture_confidence": 64.666, "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": 15.02, "rotation_up": 52.92, "upward_expansion": 82.46, "deceleration": 71.32, "rotation_down": 28.96, "downward_expansion": 11.46 }, "activity_lines": [ 131.423996, 130.910725, 129.03238, 126.105957 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 134.089996, "trend_reference": 122.643333, "distance_from_trend": 0.093333, "trend_direction": "Improving", "fair_value": 104.175897, "distance_from_fair_value": 0.28715, "fair_value_direction": "Improving", "relative_strength": -3.1279, "relative_strength_direction": "Weakening", "price_momentum": 0.156247, "excess_performance": -0.014644, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.093333, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041303, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.28715, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.033801, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.031279, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.00835, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.156247, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.65381, "read": "Demand-led" } ], "volume": { "latest": 44623, "relative_activity": 1.995448, "balance": 2.65381, "dry_up": 1.263505, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.018874, "annualized_volatility": 0.118309, "from_high_reference": -0.004898, "from_low_reference": 0.245958 }, "levels": { "trend_reference": 122.643333, "fair_value_reference": 104.175897, "structural_low": 110.440002, 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22431.45, "trend": 121.211334, "fair_value": 103.176282, "relative_strength": -2.742372, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.493776, "energy": 66.530705, "activity_lines": [ 130.749999, 130.140546, 127.020429, 124.251979 ] }, { "date": "2026-07-24", "close": 130.639999, "volume": 20631, "typical_volume": 21538.35, "trend": 121.690334, "fair_value": 103.499231, "relative_strength": -2.349306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.237647, "energy": 64.130118, "activity_lines": [ 130.776665, 130.325636, 127.696143, 124.86028 ] }, { "date": "2026-07-31", "close": 129.039993, "volume": 17802, "typical_volume": 20933.7, "trend": 122.131667, "fair_value": 103.81891, "relative_strength": -4.088862, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.608148, "energy": 57.873946, "activity_lines": [ 130.256663, 130.161453, 128.155476, 125.334452 ] }, { "date": "2026-08-07", "close": 134.089996, "volume": 44623, "typical_volume": 22362.4, "trend": 122.643333, "fair_value": 104.175897, "relative_strength": -3.1279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.933446, "energy": 65.610941, "activity_lines": [ 131.423996, 130.910725, 129.03238, 126.105957 ] } ], "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." } } }