{
  "ticker": {
    "uuid": "091c408f-16ce-4b07-a104-27a432993003",
    "symbol": "BB",
    "name": "Soci\u00e9t\u00e9 BIC SA",
    "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": 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": 91.813,
    "architecture_energy": 96.187,
    "architecture_maturity": 48.854,
    "architecture_confidence": 75.942,
    "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": 0.0,
        "rotation_up": 89.21,
        "upward_expansion": 99.9,
        "deceleration": 39.03,
        "rotation_down": 8.22,
        "downward_expansion": 21.9
      },
      "activity_lines": [
        64.859998,
        62.276362,
        59.636437,
        57.915056
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 67.699997,
    "trend_reference": 55.919086,
    "distance_from_trend": 0.210678,
    "trend_direction": "Improving",
    "fair_value": 53.68389,
    "distance_from_fair_value": 0.261086,
    "fair_value_direction": "Improving",
    "relative_strength": 19.343728,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.272098,
    "excess_performance": 0.218786,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.210678,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.085278,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.261086,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.212573,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.193437,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.130798,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.272098,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.550129,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 234445,
      "relative_activity": 2.165642,
      "balance": 1.550129,
      "dry_up": 1.962587,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.036406,
      "annualized_volatility": 0.237307,
      "from_high_reference": -0.023088,
      "from_low_reference": 0.528169
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    "levels": {
      "trend_reference": 55.919086,
      "fair_value_reference": 53.68389,
      "structural_low": 48.041093,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 24,
        "median_return": 0.007133,
        "positive_rate": 0.541667,
        "directional_follow_through": 0.541667,
        "median_excess_return": -0.00304,
        "regime_survival": 0.625,
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        "worst_return": -0.174385,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "directional_follow_through": 0.444444,
        "median_excess_return": -0.028499,
        "regime_survival": 0.666667,
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        "worst_return": -0.140813,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.4,
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        "worst_return": -0.137405,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.237142,
        "sufficient": false
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        "start": "2024-07-19",
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      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": 3e-05,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
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        "end": "2025-02-14",
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        "regime": "balance",
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        "active": false
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        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 159399,
        "typical_volume": 95068.5,
        "trend": 54.337031,
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        "relative_strength": 13.605617,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 82.994929,
        "energy": 84.990318,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 60.099998,
        "volume": 151948,
        "typical_volume": 95835.75,
        "trend": 54.735798,
        "fair_value": 53.434117,
        "relative_strength": 11.135263,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.040614,
        "energy": 80.071173,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 68.099998,
        "volume": 304060,
        "typical_volume": 105280.45,
        "trend": 55.356483,
        "fair_value": 53.55974,
        "relative_strength": 23.406768,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 96.865837,
        "energy": 96.126298,
        "activity_lines": [
          62.833332,
          60.72909,
          58.595061,
          57.1187
        ]
      },
      {
        "date": "2026-08-07",
        "close": 67.699997,
        "volume": 234445,
        "typical_volume": 108256.6,
        "trend": 55.919086,
        "fair_value": 53.68389,
        "relative_strength": 19.343728,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.812691,
        "energy": 96.186645,
        "activity_lines": [
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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."
    }
  }
}