{ "ticker": { "uuid": "f76b185a-d699-4bfb-8706-9e859441dbaa", "symbol": "CM9", "name": "Amundi MSCI World ex EMU UCITS ETF 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": 92.126, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.848, "architecture_energy": 70.614, "architecture_maturity": 85.748, "architecture_confidence": 64.688, "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": 12.6, "rotation_up": 56.06, "upward_expansion": 83.0, "deceleration": 71.27, "rotation_down": 28.96, "downward_expansion": 12.0 }, "activity_lines": [ 725.357992, 722.037082, 711.19885, 696.36021 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 739.539978, "trend_reference": 678.964665, "distance_from_trend": 0.089217, "trend_direction": "Improving", "fair_value": 577.093591, "distance_from_fair_value": 0.281491, "fair_value_direction": "Improving", "relative_strength": -3.355991, "relative_strength_direction": "Weakening", "price_momentum": 0.14363, "excess_performance": -0.027261, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.089217, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040995, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.281491, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.040304, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.03356, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.004307, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.14363, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.952699, "read": "Demand-led" } ], "volume": { "latest": 1216, "relative_activity": 2.401975, "balance": 1.952699, "dry_up": 1.977778, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.015291, "annualized_volatility": 0.108454, "from_high_reference": 0.0, "from_low_reference": 0.240339 }, "levels": { "trend_reference": 678.964665, "fair_value_reference": 577.093591, "structural_low": 615.25, 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"2026-07-17", "close": 719.419983, "volume": 486, "typical_volume": 397.85, "trend": 671.183665, "fair_value": 571.795834, "relative_strength": -2.935375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.317157, "energy": 83.802644, "activity_lines": [ 720.823991, 716.569262, 700.186993, 686.522942 ] }, { "date": "2026-07-24", "close": 719.640015, "volume": 922, "typical_volume": 423.6, "trend": 673.794999, "fair_value": 573.498463, "relative_strength": -2.674902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.15266, "energy": 76.197912, "activity_lines": [ 720.916667, 717.800902, 703.7099, 689.649159 ] }, { "date": "2026-07-31", "close": 714.549988, "volume": 1381, "typical_volume": 462.35, "trend": 676.273665, "fair_value": 575.210578, "relative_strength": -3.923628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.198116, "energy": 62.104476, "activity_lines": [ 719.109998, 717.71072, 706.434566, 692.278513 ] }, { "date": "2026-08-07", "close": 739.539978, "volume": 1216, "typical_volume": 506.25, "trend": 678.964665, "fair_value": 577.093591, "relative_strength": -3.355991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.847632, "energy": 70.613584, "activity_lines": [ 725.357992, 722.037082, 711.19885, 696.36021 ] } ], "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." } } }