{ "ticker": { "uuid": "fe0fa08f-b350-435e-b145-a6eedf35e880", "symbol": "EMWE", "name": "BNP Paribas Easy MSCI World SRI PAB UCITS ETF EUR Capitalisation", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 87.559, "architecture_energy": 70.605, "architecture_maturity": 88.306, "architecture_confidence": 64.606, "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": 11.56, "rotation_up": 55.66, "upward_expansion": 83.0, "deceleration": 71.4, "rotation_down": 29.32, "downward_expansion": 12.0 }, "activity_lines": [ 23.628, 23.552182, 23.13, 22.662678 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 24.110001, "trend_reference": 22.156833, "distance_from_trend": 0.088152, "trend_direction": "Improving", "fair_value": 20.238359, "distance_from_fair_value": 0.191302, "fair_value_direction": "Improving", "relative_strength": -4.333716, "relative_strength_direction": "Improving", "price_momentum": 0.133521, "excess_performance": -0.03737, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.088152, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038415, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.191302, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.070775, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.043337, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.02746, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.133521, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 9.880595, "read": "Demand-led" } ], "volume": { "latest": 7434, "relative_activity": 0.411618, "balance": 9.880595, "dry_up": 0.459291, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.014979, "annualized_volatility": 0.112435, "from_high_reference": 0.0, "from_low_reference": 0.19831 }, "levels": { "trend_reference": 22.156833, "fair_value_reference": 20.238359, "structural_low": 20.120001, "invalidation": "A 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"close": 23.450001, "volume": 15833, "typical_volume": 17837.2, "trend": 21.9335, "fair_value": 20.121622, "relative_strength": -4.29951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.270618, "energy": 87.276681, "activity_lines": [ 23.550667, 23.357728, 22.757357, 22.355699 ] }, { "date": "2026-07-24", "close": 23.465, "volume": 3896, "typical_volume": 17611.9, "trend": 22.0115, "fair_value": 20.157679, "relative_strength": -3.881187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.642591, "energy": 77.536373, "activity_lines": [ 23.536001, 23.417273, 22.879262, 22.454506 ] }, { "date": "2026-07-31", "close": 23.209999, "volume": 6017, "typical_volume": 17812.2, "trend": 22.081833, "fair_value": 20.194795, "relative_strength": -5.359053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.709987, "energy": 62.802405, "activity_lines": [ 23.426333, 23.408455, 22.967214, 22.531828 ] }, { "date": "2026-08-07", "close": 24.110001, "volume": 7434, "typical_volume": 18060.45, "trend": 22.156833, "fair_value": 20.238359, "relative_strength": -4.333716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.559346, "energy": 70.604861, "activity_lines": [ 23.628, 23.552182, 23.13, 22.662678 ] } ], "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." } } }