{
  "ticker": {
    "uuid": "07fad5ee-5f02-44ab-b08f-bc3feaa4f0ac",
    "symbol": "BIM",
    "name": "bioM\u00e9rieux S.A.",
    "exchange": "PAR",
    "country": "FR",
    "assetType": "equity"
  },
  "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -46.143,
    "architecture_energy": 35.362,
    "architecture_maturity": 100.0,
    "architecture_confidence": 81.027,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 22.42,
        "rotation_up": 27.78,
        "upward_expansion": 22.04,
        "deceleration": 46.76,
        "rotation_down": 39.94,
        "downward_expansion": 65.37
      },
      "activity_lines": [
        71.356667,
        70.849332,
        71.752102,
        75.824383
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 72.849998,
    "trend_reference": 82.151322,
    "distance_from_trend": -0.113222,
    "trend_direction": "Weakening",
    "fair_value": 100.436638,
    "distance_from_fair_value": -0.274667,
    "fair_value_direction": "Improving",
    "relative_strength": -28.6877,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.23154,
    "excess_performance": -0.284852,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.113222,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.132899,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.274667,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.039493,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.286877,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.071842,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.23154,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.909907,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 672386,
      "relative_activity": 0.910612,
      "balance": 4.909907,
      "dry_up": 1.084929,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.05294,
      "annualized_volatility": 0.414193,
      "from_high_reference": -0.43219,
      "from_low_reference": 0.098793
    },
    "levels": {
      "trend_reference": 82.151322,
      "fair_value_reference": 100.436638,
      "structural_low": 66.300003,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.036722,
        "positive_rate": 0.68,
        "directional_follow_through": 0.32,
        "median_excess_return": 0.022665,
        "regime_survival": 0.76,
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        "worst_return": -0.217126,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": 0.017396,
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        "worst_return": -0.260159,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "sufficient": true
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        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": 0.126074,
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        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
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        "regime": "balance",
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        "regime": "rotation_up",
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        "date": "2026-04-17",
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "volume": 695073,
        "typical_volume": 712469.2,
        "trend": 86.134655,
        "fair_value": 100.880424,
        "relative_strength": -28.10051,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.814384,
        "energy": 45.347015,
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          73.439335,
          78.503026
        ]
      },
      {
        "date": "2026-07-24",
        "close": 69.900002,
        "volume": 832308,
        "typical_volume": 718134.25,
        "trend": 84.797989,
        "fair_value": 100.708715,
        "relative_strength": -30.590991,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.579069,
        "energy": 53.96058,
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          70.770001,
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      },
      {
        "date": "2026-07-31",
        "close": 70.150002,
        "volume": 1004632,
        "typical_volume": 737462.05,
        "trend": 83.486322,
        "fair_value": 100.562067,
        "relative_strength": -30.556538,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.385093,
        "energy": 45.480609,
        "activity_lines": [
          70.576668,
          70.435807,
          72.015625,
          76.510597
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      },
      {
        "date": "2026-08-07",
        "close": 72.849998,
        "volume": 672386,
        "typical_volume": 738388.95,
        "trend": 82.151322,
        "fair_value": 100.436638,
        "relative_strength": -28.6877,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.143308,
        "energy": 35.361625,
        "activity_lines": [
          71.356667,
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          71.752102,
          75.824383
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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."
    }
  }
}