{
  "ticker": {
    "uuid": "06c9ea4e-688a-48a0-8ec4-72fb26f3a55e",
    "symbol": "CJ1",
    "name": "Amundi MSCI Japan ESG Broad Transition UCITS ETF EUR Acc",
    "exchange": "PAR",
    "country": "FR",
    "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": "^FCHI",
    "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": 56.66,
    "architecture_energy": 33.272,
    "architecture_maturity": 63.923,
    "architecture_confidence": 84.609,
    "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": 22.88,
        "rotation_up": 36.35,
        "upward_expansion": 66.87,
        "deceleration": 85.49,
        "rotation_down": 27.5,
        "downward_expansion": 16.87
      },
      "activity_lines": [
        354.222667,
        355.673592,
        349.301256,
        341.967297
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 362.390015,
    "trend_reference": 333.529086,
    "distance_from_trend": 0.086532,
    "trend_direction": "Improving",
    "fair_value": 276.222332,
    "distance_from_fair_value": 0.31195,
    "fair_value_direction": "Improving",
    "relative_strength": 7.131899,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.12301,
    "excess_performance": 0.069698,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.086532,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.059463,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.31195,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.044428,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.071319,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.056376,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.12301,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.524295,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5029,
      "relative_activity": 1.234262,
      "balance": 1.524295,
      "dry_up": 1.26899,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.032379,
      "annualized_volatility": 0.218209,
      "from_high_reference": -0.012319,
      "from_low_reference": 0.306959
    },
    "levels": {
      "trend_reference": 333.529086,
      "fair_value_reference": 276.222332,
      "structural_low": 296.467896,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.028644,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.008404,
        "regime_survival": 0.533333,
        "best_return": 0.083311,
        "worst_return": -0.111091,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.00485,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.045246,
        "regime_survival": 0.0,
        "best_return": 0.194638,
        "worst_return": -0.061143,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.005131,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.022365,
        "regime_survival": 0.2,
        "best_return": 0.111279,
        "worst_return": -0.086343,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.014165,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.025829,
        "regime_survival": 0.0,
        "best_return": 0.204729,
        "worst_return": -0.133594,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-16",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.042415,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-10-11",
        "tenure": "Developing",
        "return": -0.011212,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-01-10",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.037784,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.037266,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-03-28",
        "tenure": "New",
        "return": 0.000694,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.054976,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.047341,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": 0.052634,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.009665,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "trend": 326.899523,
        "fair_value": 273.104491,
        "relative_strength": 14.029659,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 73.909327,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 344.779999,
        "volume": 6298,
        "typical_volume": 4289.45,
        "trend": 328.48402,
        "fair_value": 273.849028,
        "relative_strength": 7.522666,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.971022,
        "energy": 57.746406,
        "activity_lines": [
          357.091339,
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          344.067239,
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      },
      {
        "date": "2026-07-24",
        "close": 351.769989,
        "volume": 3079,
        "typical_volume": 3915.4,
        "trend": 330.309983,
        "fair_value": 274.586884,
        "relative_strength": 8.846506,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.652502,
        "energy": 45.060216,
        "activity_lines": [
          354.496,
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          345.774222,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 348.079987,
        "volume": 6276,
        "typical_volume": 4104.6,
        "trend": 331.949853,
        "fair_value": 275.355987,
        "relative_strength": 5.675105,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 44.222247,
        "energy": 30.96351,
        "activity_lines": [
          351.607328,
          354.015028,
          346.94289,
          340.003416
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      },
      {
        "date": "2026-08-07",
        "close": 362.390015,
        "volume": 5029,
        "typical_volume": 4074.5,
        "trend": 333.529086,
        "fair_value": 276.222332,
        "relative_strength": 7.131899,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.659895,
        "energy": 33.271982,
        "activity_lines": [
          354.222667,
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      }
    ],
    "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."
    }
  }
}