{
  "ticker": {
    "uuid": "09315c12-ae8b-4260-8fae-f43f7ac1a3b2",
    "symbol": "EUSRI",
    "name": "Amundi MSCI Europe SRI Climate Paris Aligned - UCITS ETF DR (C)",
    "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": 90.21,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 77.555,
    "architecture_energy": 55.992,
    "architecture_maturity": 59.323,
    "architecture_confidence": 60.353,
    "architecture_tenure": "Developing",
    "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": 17.99,
        "rotation_up": 48.35,
        "upward_expansion": 75.81,
        "deceleration": 68.61,
        "rotation_down": 28.93,
        "downward_expansion": 13.81
      },
      "activity_lines": [
        92.166,
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        90.7433,
        89.309914
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 93.57,
    "trend_reference": 87.972067,
    "distance_from_trend": 0.063633,
    "trend_direction": "Improving",
    "fair_value": 83.012122,
    "distance_from_fair_value": 0.127185,
    "fair_value_direction": "Improving",
    "relative_strength": 1.324778,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.08231,
    "excess_performance": 0.028998,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.063633,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029567,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.127185,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.057092,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.013248,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.000299,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.08231,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.969717,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 10371,
      "relative_activity": 0.775965,
      "balance": 0.969717,
      "dry_up": 1.235064,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.017878,
      "annualized_volatility": 0.157051,
      "from_high_reference": -0.004045,
      "from_low_reference": 0.200077
    },
    "levels": {
      "trend_reference": 87.972067,
      "fair_value_reference": 83.012122,
      "structural_low": 77.970001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 31,
        "median_return": -0.012484,
        "positive_rate": 0.419355,
        "directional_follow_through": 0.419355,
        "median_excess_return": -0.005716,
        "regime_survival": 0.709677,
        "best_return": 0.071389,
        "worst_return": -0.084454,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
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        "regime_survival": 0.333333,
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        "worst_return": -0.065069,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.147957,
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        "horizon": "Full cycle",
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        "worst_return": -0.085887,
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          84.622601,
          85.159196,
          85.09685
        ]
      },
      {
        "date": "2026-05-01",
        "close": 86.484001,
        "volume": 8475,
        "typical_volume": 15110.45,
        "trend": 85.058434,
        "fair_value": 81.406186,
        "relative_strength": 0.385278,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.031909,
        "energy": 29.778773,
        "activity_lines": [
          86.614801,
          84.95351,
          85.267601,
          85.190624
        ]
      },
      {
        "date": "2026-05-08",
        "close": 87.202003,
        "volume": 13201,
        "typical_volume": 14762.75,
        "trend": 85.1497,
        "fair_value": 81.490115,
        "relative_strength": 1.294839,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 55.412322,
        "energy": 40.423849,
        "activity_lines": [
          87.012068,
          85.44242,
          85.429634,
          85.328919
        ]
      },
      {
        "date": "2026-05-15",
        "close": 86.781998,
        "volume": 17286,
        "typical_volume": 15566.25,
        "trend": 85.195234,
        "fair_value": 81.569519,
        "relative_strength": 2.854279,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 51.67402,
        "energy": 42.403506,
        "activity_lines": [
          86.959134,
          85.877674,
          85.537186,
          85.434228
        ]
      },
      {
        "date": "2026-05-22",
        "close": 89.670998,
        "volume": 18943,
        "typical_volume": 16258.65,
        "trend": 85.290167,
        "fair_value": 81.674737,
        "relative_strength": 4.160079,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 67.525007,
        "energy": 48.177808,
        "activity_lines": [
          87.784266,
          86.786964,
          85.910367,
          85.722987
        ]
      },
      {
        "date": "2026-05-29",
        "close": 89.733002,
        "volume": 36213,
        "typical_volume": 16866.85,
        "trend": 85.445734,
        "fair_value": 81.780359,
        "relative_strength": 3.407743,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.424956,
        "energy": 52.97646,
        "activity_lines": [
          88.5722,
          87.594764,
          86.268615,
          86.009622
        ]
      },
      {
        "date": "2026-06-05",
        "close": 89.583,
        "volume": 1435,
        "typical_volume": 16509.65,
        "trend": 85.660734,
        "fair_value": 81.890352,
        "relative_strength": 2.85199,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.243556,
        "energy": 60.603066,
        "activity_lines": [
          89.1084,
          88.194601,
          86.601615,
          86.276542
        ]
      },
      {
        "date": "2026-06-12",
        "close": 90.939003,
        "volume": 3189,
        "typical_volume": 15707.1,
        "trend": 85.893434,
        "fair_value": 82.002788,
        "relative_strength": 2.804437,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.95629,
        "energy": 71.994903,
        "activity_lines": [
          89.890001,
          88.855837,
          87.057277,
          86.617076
        ]
      },
      {
        "date": "2026-06-19",
        "close": 91.419998,
        "volume": 3284,
        "typical_volume": 15223.85,
        "trend": 86.216934,
        "fair_value": 82.132788,
        "relative_strength": 2.534533,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.456443,
        "energy": 76.380108,
        "activity_lines": [
          90.5828,
          89.451982,
          87.539253,
          86.973628
        ]
      },
      {
        "date": "2026-06-26",
        "close": 91.599998,
        "volume": 136,
        "typical_volume": 14191.9,
        "trend": 86.470134,
        "fair_value": 82.252417,
        "relative_strength": 3.206285,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.788709,
        "energy": 79.329472,
        "activity_lines": [
          91.0264,
          89.973363,
          88.01711,
          87.320923
        ]
      },
      {
        "date": "2026-07-03",
        "close": 93.690002,
        "volume": 629,
        "typical_volume": 13668.1,
        "trend": 86.800634,
        "fair_value": 82.399891,
        "relative_strength": 4.02592,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.504563,
        "energy": 88.318595,
        "activity_lines": [
          92.038067,
          90.823891,
          88.66951,
          87.786721
        ]
      },
      {
        "date": "2026-07-10",
        "close": 92.589996,
        "volume": 12280,
        "typical_volume": 13575.2,
        "trend": 87.107434,
        "fair_value": 82.52541,
        "relative_strength": 4.842272,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.988086,
        "energy": 84.11237,
        "activity_lines": [
          92.419265,
          91.347454,
          89.184062,
          88.160228
        ]
      },
      {
        "date": "2026-07-17",
        "close": 91.529999,
        "volume": 12740,
        "typical_volume": 13705.65,
        "trend": 87.353067,
        "fair_value": 82.643436,
        "relative_strength": 3.623632,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.378855,
        "energy": 80.939396,
        "activity_lines": [
          92.246665,
          91.567272,
          89.575776,
          88.445555
        ]
      },
      {
        "date": "2026-07-24",
        "close": 91.050003,
        "volume": 37196,
        "typical_volume": 14548.0,
        "trend": 87.561934,
        "fair_value": 82.751583,
        "relative_strength": 2.66804,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.894168,
        "energy": 65.560758,
        "activity_lines": [
          91.874667,
          91.621127,
          89.907115,
          88.684067
        ]
      },
      {
        "date": "2026-07-31",
        "close": 91.459999,
        "volume": 5721,
        "typical_volume": 13158.85,
        "trend": 87.767434,
        "fair_value": 82.875109,
        "relative_strength": 1.45505,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.040913,
        "energy": 44.573471,
        "activity_lines": [
          91.664,
          91.671927,
          90.243757,
          88.935555
        ]
      },
      {
        "date": "2026-08-07",
        "close": 93.57,
        "volume": 10371,
        "typical_volume": 13365.3,
        "trend": 87.972067,
        "fair_value": 83.012122,
        "relative_strength": 1.324778,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.555495,
        "energy": 55.992366,
        "activity_lines": [
          92.166,
          92.073836,
          90.7433,
          89.309914
        ]
      }
    ],
    "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."
    }
  }
}