{
  "ticker": {
    "uuid": "0b98162f-d67c-4736-b152-e733922527ab",
    "symbol": "ALFUM",
    "name": "Fill Up Media 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.",
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    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FCHI",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 55.658,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 0.008,
    "architecture_energy": 1.027,
    "architecture_maturity": 30.129,
    "architecture_confidence": 71.518,
    "architecture_tenure": "Established",
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      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 60.28,
        "rotation_up": 30.98,
        "upward_expansion": 21.67,
        "deceleration": 38.45,
        "rotation_down": 35.17,
        "downward_expansion": 35.34
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": -0.333333
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    "latest_close": 6.4,
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    "trend_direction": "Weakening",
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    "distance_from_fair_value": -0.01451,
    "fair_value_direction": "Improving",
    "relative_strength": -7.835313,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.015873,
    "excess_performance": -0.037438,
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        "label": "Price vs Trend",
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        "value": 0.010899,
        "read": "Above"
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      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.01779,
        "read": "Falling"
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      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.01451,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.02331,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.078353,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.021605,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.015873,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.041571,
        "read": "Demand-led"
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    ],
    "volume": {
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      "balance": 3.041571,
      "dry_up": 1.161122,
      "accumulation_observations": 4,
      "distribution_observations": 1
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    "risk": {
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      "annualized_volatility": 0.305206,
      "from_high_reference": -0.152318,
      "from_low_reference": 0.185185
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      "fair_value_reference": 6.494231,
      "structural_low": 5.4,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "horizon": "Near term",
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      {
        "horizon": "Intermediate",
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        "sufficient": true
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      {
        "horizon": "Extended",
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      {
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        "regime": "downward_expansion",
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        "regime": "balance",
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        "close": 6.3,
        "volume": 196,
        "typical_volume": 10535.35,
        "trend": 6.427333,
        "fair_value": 6.486154,
        "relative_strength": -7.244803,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.165431,
        "energy": 12.843177,
        "activity_lines": [
          6.414667,
          6.416727,
          6.345333,
          6.370366
        ]
      },
      {
        "date": "2026-06-19",
        "close": 6.3,
        "volume": 1190,
        "typical_volume": 10309.75,
        "trend": 6.419,
        "fair_value": 6.486282,
        "relative_strength": -7.825812,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.031321,
        "energy": 13.85982,
        "activity_lines": [
          6.352,
          6.4,
          6.344286,
          6.362151
        ]
      },
      {
        "date": "2026-06-26",
        "close": 6.3,
        "volume": 2128,
        "typical_volume": 8130.35,
        "trend": 6.409,
        "fair_value": 6.488077,
        "relative_strength": -7.264004,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.855569,
        "energy": 20.501353,
        "activity_lines": [
          6.325333,
          6.38,
          6.344905,
          6.354473
        ]
      },
      {
        "date": "2026-07-03",
        "close": 6.26,
        "volume": 367,
        "typical_volume": 8093.4,
        "trend": 6.396,
        "fair_value": 6.488205,
        "relative_strength": -9.008291,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.182611,
        "energy": 21.263631,
        "activity_lines": [
          6.286667,
          6.356,
          6.341714,
          6.34486
        ]
      },
      {
        "date": "2026-07-10",
        "close": 6.26,
        "volume": 683,
        "typical_volume": 7809.25,
        "trend": 6.381333,
        "fair_value": 6.488718,
        "relative_strength": -7.015517,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.803531,
        "energy": 22.489979,
        "activity_lines": [
          6.276,
          6.333091,
          6.339429,
          6.336086
        ]
      },
      {
        "date": "2026-07-17",
        "close": 6.24,
        "volume": 291,
        "typical_volume": 7529.2,
        "trend": 6.367667,
        "fair_value": 6.489231,
        "relative_strength": -7.128059,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.891085,
        "energy": 26.048474,
        "activity_lines": [
          6.261333,
          6.308,
          6.33519,
          6.326968
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.42,
        "volume": 13990,
        "typical_volume": 7982.7,
        "trend": 6.365,
        "fair_value": 6.490769,
        "relative_strength": -4.513311,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.64565,
        "energy": 13.542695,
        "activity_lines": [
          6.310667,
          6.315273,
          6.346952,
          6.330344
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.18,
        "volume": 4619,
        "typical_volume": 7011.7,
        "trend": 6.342667,
        "fair_value": 6.492179,
        "relative_strength": -9.171802,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.654164,
        "energy": 18.448809,
        "activity_lines": [
          6.272,
          6.286545,
          6.33219,
          6.318409
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.4,
        "volume": 15939,
        "typical_volume": 7501.15,
        "trend": 6.331,
        "fair_value": 6.494231,
        "relative_strength": -7.835313,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 0.007776,
        "energy": 1.027244,
        "activity_lines": [
          6.314667,
          6.300364,
          6.338,
          6.322108
        ]
      }
    ],
    "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."
    }
  }
}