{ "ticker": { "uuid": "e201fcbe-950a-4de6-b620-e8a996bf9d62", "symbol": "FGLV", "name": "Fidelity Global Value Research Enhanced UCITS ETF USD 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 96.681, "architecture_energy": 78.481, "architecture_maturity": 20.373, "architecture_confidence": 61.737, "architecture_tenure": "New", "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": 3.81, "rotation_up": 82.17, "upward_expansion": 90.0, "deceleration": 58.3, "rotation_down": 16.75, "downward_expansion": 12.0 }, "activity_lines": [ 5.780133, 5.720545, 5.605781, 5.500858 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 5.895, "trend_reference": 5.376417, "distance_from_trend": 0.096455, "trend_direction": "Improving", "fair_value": 4.929148, "distance_from_fair_value": 0.195947, "fair_value_direction": "Improving", "relative_strength": -1.910636, "relative_strength_direction": "Improving", "price_momentum": 0.137811, "excess_performance": -0.03308, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.096455, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043627, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.195947, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.06747, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019106, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005212, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.137811, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 85.216216, "read": "Demand-led" } ], "volume": { "latest": 196, "relative_activity": 0.055596, "balance": 85.216216, "dry_up": 0.328681, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.011209, "annualized_volatility": 0.079466, "from_high_reference": 0.0, "from_low_reference": 0.302618 }, "levels": { "trend_reference": 5.376417, "fair_value_reference": 4.929148, "structural_low": 4.914, "invalidation": "A sustained loss 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"regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-07-31", "close": 5.742, "volume": 465, "typical_volume": 3601.6, "trend": 5.351983, "fair_value": 4.917075, "relative_strength": -1.611742, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.583372, "energy": 80.969936, "activity_lines": [ 5.717133, 5.672055, 5.562693, 5.465825 ] }, { "date": "2026-08-07", "close": 5.895, "volume": 196, "typical_volume": 3525.45, "trend": 5.376417, "fair_value": 4.929148, "relative_strength": -1.910636, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.681437, "energy": 78.481291, "activity_lines": [ 5.780133, 5.720545, 5.605781, 5.500858 ] } ], "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." } } }