{ "ticker": { "uuid": "efecc2c4-3a84-4386-bd1d-daa06bd3db20", "symbol": "FEQD", "name": "Fidelity Europe Quality Income 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": 93.792, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 87.22, "architecture_energy": 86.995, "architecture_maturity": 38.195, "architecture_confidence": 79.551, "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": 4.54, "rotation_up": 72.5, "upward_expansion": 94.05, "deceleration": 44.84, "rotation_down": 20.72, "downward_expansion": 18.39 }, "activity_lines": [ 10.051, 9.976745, 9.776348, 9.621368 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 10.172, "trend_reference": 9.4547, "distance_from_trend": 0.075867, "trend_direction": "Improving", "fair_value": 7.999122, "distance_from_fair_value": 0.27164, "fair_value_direction": "Improving", "relative_strength": -3.646297, "relative_strength_direction": "Improving", "price_momentum": 0.108665, "excess_performance": -0.062227, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.075867, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043043, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.27164, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.047148, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.036463, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.002286, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.108665, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.586247, "read": "Demand-led" } ], "volume": { "latest": 28910, "relative_activity": 9.792199, "balance": 5.586247, "dry_up": 2.839264, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.013045, "annualized_volatility": 0.123547, "from_high_reference": -0.004891, "from_low_reference": 0.250861 }, "levels": { "trend_reference": 9.4547, "fair_value_reference": 7.999122, "structural_low": 8.597, "invalidation": "A 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7.953833, "relative_strength": -2.167761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.374353, "energy": 84.985622, "activity_lines": [ 9.9404, 9.860673, 9.65721, 9.528572 ] }, { "date": "2026-07-31", "close": 10.066, "volume": 2413, "typical_volume": 1993.1, "trend": 9.419, "fair_value": 7.976224, "relative_strength": -1.888573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.872322, "energy": 75.255464, "activity_lines": [ 9.984667, 9.915491, 9.71419, 9.572787 ] }, { "date": "2026-08-07", "close": 10.172, "volume": 28910, "typical_volume": 2952.35, "trend": 9.4547, "fair_value": 7.999122, "relative_strength": -3.646297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.220236, "energy": 86.995083, "activity_lines": [ 10.051, 9.976745, 9.776348, 9.621368 ] } ], "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." } } }