{ "ticker": { "uuid": "fe8ddcdd-673a-4a96-8f11-5ceb3c5baa68", "symbol": "MWSH", "name": "Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 70.842, "architecture_energy": 53.668, "architecture_maturity": 63.896, "architecture_confidence": 70.074, "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": 18.15, "rotation_up": 46.9, "upward_expansion": 70.63, "deceleration": 85.46, "rotation_down": 27.69, "downward_expansion": 20.63 }, "activity_lines": [ 86.66, 86.721818, 85.283904, 83.450687 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 88.540001, "trend_reference": 81.513333, "distance_from_trend": 0.086203, "trend_direction": "Improving", "fair_value": 71.730224, "distance_from_fair_value": 0.234347, "fair_value_direction": "Improving", "relative_strength": -3.240276, "relative_strength_direction": "Weakening", "price_momentum": 0.12675, "excess_performance": -0.044142, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086203, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04659, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.234347, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.059125, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.032403, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.000991, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.12675, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.27947, "read": "Demand-led" } ], "volume": { "latest": 2364, "relative_activity": 0.350352, "balance": 3.27947, "dry_up": 0.592997, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.019887, "annualized_volatility": 0.138657, "from_high_reference": -0.001128, "from_low_reference": 0.239535 }, "levels": { "trend_reference": 81.513333, "fair_value_reference": 71.730224, "structural_low": 72.510002, "invalidation": "A sustained 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87.406165, "activity_lines": [ 87.351332, 86.246362, 83.56257, 82.014128 ] }, { "date": "2026-07-17", "close": 85.699997, "volume": 3438, "typical_volume": 6595.0, "trend": 80.616999, "fair_value": 71.391068, "relative_strength": -3.371537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.104139, "energy": 73.090348, "activity_lines": [ 86.860665, 86.340362, 83.986189, 82.36258 ] }, { "date": "2026-07-24", "close": 85.900002, "volume": 6347, "typical_volume": 6874.7, "trend": 80.927666, "fair_value": 71.500984, "relative_strength": -2.864531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.363583, "energy": 61.892167, "activity_lines": [ 86.472666, 86.41309, 84.399809, 82.703418 ] }, { "date": "2026-07-31", "close": 85.18, "volume": 3856, "typical_volume": 7011.25, "trend": 81.209666, "fair_value": 71.603834, "relative_strength": -4.233808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.51203, "energy": 45.77553, "activity_lines": [ 85.955333, 86.280545, 84.705761, 82.977763 ] }, { "date": "2026-08-07", "close": 88.540001, "volume": 2364, "typical_volume": 6747.5, "trend": 81.513333, "fair_value": 71.730224, "relative_strength": -3.240276, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.842156, "energy": 53.667607, "activity_lines": [ 86.66, 86.721818, 85.283904, 83.450687 ] } ], "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." } } }