{ "ticker": { "uuid": "dca09812-5406-49eb-98a1-0b08b538b3ac", "symbol": "FGEU", "name": "Fidelity Global Quality Income UCITS ETF EUR Hedged Inc", "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": 88.46, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 92.121, "architecture_energy": 81.687, "architecture_maturity": 37.167, "architecture_confidence": 74.029, "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": 9.44, "rotation_up": 71.06, "upward_expansion": 88.88, "deceleration": 51.34, "rotation_down": 19.6, "downward_expansion": 15.55 }, "activity_lines": [ 9.8968, 9.821364, 9.686813, 9.540571 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 10.132, "trend_reference": 9.377614, "distance_from_trend": 0.080445, "trend_direction": "Improving", "fair_value": 7.85965, "distance_from_fair_value": 0.289116, "fair_value_direction": "Improving", "relative_strength": -3.843406, "relative_strength_direction": "Weakening", "price_momentum": 0.103354, "excess_performance": -0.067538, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.080445, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037272, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.289116, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.043459, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.038434, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.004729, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.103354, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 9.664219, "read": "Demand-led" } ], "volume": { "latest": 10495, "relative_activity": 2.105422, "balance": 9.664219, "dry_up": 1.030343, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.014142, "annualized_volatility": 0.112177, "from_high_reference": -0.000395, "from_low_reference": 0.237863 }, "levels": { "trend_reference": 9.377614, "fair_value_reference": 7.85965, "structural_low": 8.562276, "invalidation": "A 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"fair_value": 7.835842, "relative_strength": -4.192719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.033298, "energy": 62.846855, "activity_lines": [ 9.776867, 9.746218, 9.621762, 9.489465 ] }, { "date": "2026-08-07", "close": 10.132, "volume": 10495, "typical_volume": 4984.75, "trend": 9.377614, "fair_value": 7.85965, "relative_strength": -3.843406, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.120757, "energy": 81.686961, "activity_lines": [ 9.8968, 9.821364, 9.686813, 9.540571 ] } ], "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." } } }