{ "ticker": { "uuid": "e2ed1ea1-66d8-47d8-b717-a1f995d3baf3", "symbol": "EEMK", "name": "BNP Paribas Easy MSCI Emerging Min TE UCITS ETF EUR Cap", "exchange": "PAR", "country": "FR", "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": "^FCHI", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 26.257, "architecture_energy": 23.645, "architecture_maturity": 65.626, "architecture_confidence": 90.632, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 54.42, "rotation_up": 18.5, "upward_expansion": 52.41, "deceleration": 93.98, "rotation_down": 34.82, "downward_expansion": 18.41 }, "activity_lines": [ 16.53038, 16.778936, 16.711426, 16.318864 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 16.7265, "trend_reference": 15.812093, "distance_from_trend": 0.05783, "trend_direction": "Improving", "fair_value": 12.166249, "distance_from_fair_value": 0.374828, "fair_value_direction": "Weakening", "relative_strength": 6.354076, "relative_strength_direction": "Weakening", "price_momentum": 0.131545, "excess_performance": 0.078234, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.05783, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.07557, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.374828, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.074369, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.063541, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.167831, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.131545, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.192906, "read": "Demand-led" } ], "volume": { "latest": 301813, "relative_activity": 1.015415, "balance": 1.192906, "dry_up": 0.854184, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.043981, "annualized_volatility": 0.229228, "from_high_reference": -0.068546, "from_low_reference": 0.369823 }, "levels": { "trend_reference": 15.812093, "fair_value_reference": 12.166249, "structural_low": 13.7755, "invalidation": "A 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15.906397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.625446, "energy": 58.842004, "activity_lines": [ 17.331354, 17.186326, 16.580567, 16.103737 ] }, { "date": "2026-07-17", "close": 16.1966, "volume": 268256, "typical_volume": 336973.5, "trend": 15.551633, "fair_value": 12.042116, "relative_strength": 8.891618, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.292338, "energy": 35.872424, "activity_lines": [ 16.944794, 17.033115, 16.600431, 16.151258 ] }, { "date": "2026-07-24", "close": 16.4557, "volume": 219469, "typical_volume": 312662.7, "trend": 15.649823, "fair_value": 12.081371, "relative_strength": 9.699273, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.203349, "energy": 22.556329, "activity_lines": [ 16.704874, 16.937826, 16.641542, 16.209584 ] }, { "date": "2026-07-31", "close": 16.3486, "volume": 226022, "typical_volume": 301550.45, "trend": 15.731443, "fair_value": 12.121785, "relative_strength": 6.850728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.733238, "energy": 23.631095, "activity_lines": [ 16.52294, 16.82166, 16.662848, 16.254667 ] }, { "date": "2026-08-07", "close": 16.7265, "volume": 301813, "typical_volume": 297231.05, "trend": 15.812093, "fair_value": 12.166249, "relative_strength": 6.354076, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.257137, "energy": 23.644848, "activity_lines": [ 16.53038, 16.778936, 16.711426, 16.318864 ] } ], "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." } } }