{
  "ticker": {
    "uuid": "0fa67e17-580e-4bfb-9f1e-511b83aacaa2",
    "symbol": "BSX",
    "name": "Amundi EURO STOXX 50 Daily (-1x) Inverse UCITS ETF 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": 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": -82.673,
    "architecture_energy": 68.583,
    "architecture_maturity": 37.204,
    "architecture_confidence": 96,
    "architecture_tenure": "Developing",
    "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": 7.88,
        "rotation_up": 24.99,
        "upward_expansion": 12.49,
        "deceleration": 45.99,
        "rotation_down": 60.06,
        "downward_expansion": 85.82
      },
      "activity_lines": [
        6.5864,
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        6.778967,
        6.914187
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 6.431,
    "trend_reference": 7.0438,
    "distance_from_trend": -0.086998,
    "trend_direction": "Weakening",
    "fair_value": 8.258363,
    "distance_from_fair_value": -0.221274,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.614295,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.098921,
    "excess_performance": -0.152232,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.086998,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.035356,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.221274,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.061755,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.176143,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.10178,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.098921,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.209338,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 564835,
      "relative_activity": 1.599997,
      "balance": 0.209338,
      "dry_up": 0.879133,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.026434,
      "annualized_volatility": 0.176011,
      "from_high_reference": -0.19833,
      "from_low_reference": 0.004687
    },
    "levels": {
      "trend_reference": 7.0438,
      "fair_value_reference": 8.258363,
      "structural_low": 6.401,
      "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": 40,
        "median_return": -0.001694,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.008121,
        "regime_survival": 0.875,
        "best_return": 0.053184,
        "worst_return": -0.07364,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "positive_rate": 0.307692,
        "directional_follow_through": 0.692308,
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        "worst_return": -0.085606,
        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 8,
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        "positive_rate": 0.25,
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        "worst_return": -0.120068,
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      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.120176,
        "sufficient": false
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        "regime": "downward_expansion",
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        "regime": "upward_expansion",
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        "modifier": "Upper balance after advance",
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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": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -12.30296,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.076491,
        "energy": 79.773263,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 6.737,
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        "typical_volume": 405898.0,
        "trend": 7.114967,
        "fair_value": 8.313267,
        "relative_strength": -11.333049,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.580659,
        "energy": 70.39253,
        "activity_lines": [
          6.681333,
          6.736582,
          6.915781,
          7.014277
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.685,
        "volume": 153796,
        "typical_volume": 370587.9,
        "trend": 7.0904,
        "fair_value": 8.297004,
        "relative_strength": -11.974978,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.056469,
        "energy": 60.560561,
        "activity_lines": [
          6.685067,
          6.712855,
          6.8769,
          6.986538
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.605,
        "volume": 284950,
        "typical_volume": 365926.15,
        "trend": 7.067033,
        "fair_value": 8.278351,
        "relative_strength": -13.868469,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.605755,
        "energy": 53.203901,
        "activity_lines": [
          6.6602,
          6.684145,
          6.834138,
          6.955222
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.431,
        "volume": 564835,
        "typical_volume": 353022.5,
        "trend": 7.0438,
        "fair_value": 8.258363,
        "relative_strength": -17.614295,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.673249,
        "energy": 68.582778,
        "activity_lines": [
          6.5864,
          6.6302,
          6.778967,
          6.914187
        ]
      }
    ],
    "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."
    }
  }
}