{ "ticker": { "uuid": "f2b20cb3-e6f7-42ad-9a79-201fd410bff6", "symbol": "EEMK", "name": "BNP Paribas Easy MSCI Emerging Min TE UCITS ETF EUR Cap", "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": 72.824, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 26.347, "architecture_energy": 24.56, "architecture_maturity": 65.549, "architecture_confidence": 80.476, "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": 56.24, "rotation_up": 18.47, "upward_expansion": 52.67, "deceleration": 93.99, "rotation_down": 35.23, "downward_expansion": 18.67 }, "activity_lines": [ 16.534134, 16.7824, 16.712457, 16.319523 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 16.712, "trend_reference": 15.812867, "distance_from_trend": 0.056861, "trend_direction": "Improving", "fair_value": 12.144769, "distance_from_fair_value": 0.376066, "fair_value_direction": "Weakening", "relative_strength": -2.160334, "relative_strength_direction": "Weakening", "price_momentum": 0.130411, "excess_performance": -0.04048, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.056861, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.074906, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.376066, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.076187, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.021603, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.120405, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.130411, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.990023, "read": "Supply-led" } ], "volume": { "latest": 68521, "relative_activity": 1.895104, "balance": 0.990023, "dry_up": 1.291954, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.041113, "annualized_volatility": 0.223277, "from_high_reference": -0.068243, "from_low_reference": 0.367147 }, "levels": { "trend_reference": 15.812867, "fair_value_reference": 12.144769, "structural_low": 13.826, "invalidation": "A 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16.456857, 15.983471 ] }, { "date": "2026-07-10", "close": 17.177999, "volume": 66414, "typical_volume": 40616.25, "trend": 15.458, "fair_value": 11.978788, "relative_strength": 3.027825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.34332, "energy": 62.234996, "activity_lines": [ 17.3292, 17.188073, 16.578838, 16.102731 ] }, { "date": "2026-07-17", "close": 16.208, "volume": 43857, "typical_volume": 41674.05, "trend": 15.550667, "fair_value": 12.019712, "relative_strength": -1.475548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.758857, "energy": 37.174179, "activity_lines": [ 16.9444, 17.0368, 16.599676, 16.151118 ] }, { "date": "2026-07-24", "close": 16.478001, "volume": 28211, "typical_volume": 39257.9, "trend": 15.652333, "fair_value": 12.060135, "relative_strength": 0.19645, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.647395, "energy": 23.381411, "activity_lines": [ 16.712267, 16.9452, 16.642752, 16.210946 ] }, { "date": "2026-07-31", "close": 16.356001, "volume": 46263, "typical_volume": 35537.05, "trend": 15.732733, "fair_value": 12.100827, "relative_strength": -1.29002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.102781, "energy": 24.275006, "activity_lines": [ 16.532667, 16.829346, 16.665095, 16.256344 ] }, { "date": "2026-08-07", "close": 16.712, "volume": 68521, "typical_volume": 36156.85, "trend": 15.812867, "fair_value": 12.144769, "relative_strength": -2.160334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.347431, "energy": 24.559953, "activity_lines": [ 16.534134, 16.7824, 16.712457, 16.319523 ] } ], "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." } } }