{
  "ticker": {
    "uuid": "0ab78de8-014d-405e-bc87-8eb254cc10a9",
    "symbol": "PSPH",
    "name": "Amundi PEA S&P 500 UCITS ETF EUR Hedged 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": 89.515,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.903,
    "architecture_energy": 55.626,
    "architecture_maturity": 63.243,
    "architecture_confidence": 69.303,
    "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": 32.39,
        "rotation_up": 51.25,
        "upward_expansion": 79.01,
        "deceleration": 69.11,
        "rotation_down": 27.29,
        "downward_expansion": 8.01
      },
      "activity_lines": [
        26.381666,
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        26.049404,
        25.574165
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 27.08,
    "trend_reference": 25.048766,
    "distance_from_trend": 0.081091,
    "trend_direction": "Improving",
    "fair_value": 21.028001,
    "distance_from_fair_value": 0.287807,
    "fair_value_direction": "Improving",
    "relative_strength": 3.445213,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.115138,
    "excess_performance": 0.061826,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.081091,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029987,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.287807,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.005504,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.034452,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.057036,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.115138,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.621024,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 61155,
      "relative_activity": 0.728042,
      "balance": 1.621024,
      "dry_up": 0.82332,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.020299,
      "annualized_volatility": 0.132973,
      "from_high_reference": -0.004595,
      "from_low_reference": 0.2112
    },
    "levels": {
      "trend_reference": 25.048766,
      "fair_value_reference": 21.028001,
      "structural_low": 22.358,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 38,
        "median_return": 0.014941,
        "positive_rate": 0.710526,
        "directional_follow_through": 0.710526,
        "median_excess_return": 0.01312,
        "regime_survival": 0.789474,
        "best_return": 0.062768,
        "worst_return": -0.087552,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "worst_return": -0.071771,
        "sufficient": true
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        "horizon": "Extended",
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        "regime_survival": 0.625,
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        "worst_return": -0.16636,
        "sufficient": true
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        "horizon": "Full cycle",
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        "regime": "downward_expansion",
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
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      },
      {
        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "trend": 24.7814,
        "fair_value": 20.77438,
        "relative_strength": 5.964425,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 26.1,
        "volume": 86107,
        "typical_volume": 131649.55,
        "trend": 24.848467,
        "fair_value": 20.836117,
        "relative_strength": 4.54261,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.072803,
        "energy": 52.248339,
        "activity_lines": [
          26.168,
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          25.734743,
          25.297045
        ]
      },
      {
        "date": "2026-07-24",
        "close": 26.004999,
        "volume": 67754,
        "typical_volume": 106110.85,
        "trend": 24.903067,
        "fair_value": 20.896482,
        "relative_strength": 3.603151,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.616317,
        "energy": 46.810884,
        "activity_lines": [
          26.122666,
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          25.819266,
          25.37166
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      },
      {
        "date": "2026-07-31",
        "close": 25.924999,
        "volume": 61617,
        "typical_volume": 88412.6,
        "trend": 24.9631,
        "fair_value": 20.957726,
        "relative_strength": 1.54305,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.750034,
        "energy": 37.930117,
        "activity_lines": [
          26.064999,
          26.089472,
          25.885381,
          25.437591
        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.08,
        "volume": 61155,
        "typical_volume": 83999.25,
        "trend": 25.048766,
        "fair_value": 21.028001,
        "relative_strength": 3.445213,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.902749,
        "energy": 55.62604,
        "activity_lines": [
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          26.260436,
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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."
    }
  }
}