{
  "ticker": {
    "uuid": "123f9d3c-951a-442d-8925-fad841367bfd",
    "symbol": "IN0A",
    "name": "BNP PARIBAS Easy ICAV - BNP Paribas Easy S&P 500 Scored and Screened UCITS ETF UCITS ETF USD CAP",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 89.225,
    "architecture_energy": 67.859,
    "architecture_maturity": 47.919,
    "architecture_confidence": 74.494,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 22.84,
        "rotation_up": 55.29,
        "upward_expansion": 82.35,
        "deceleration": 70.59,
        "rotation_down": 28.29,
        "downward_expansion": 11.35
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      "activity_lines": [
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        18.640869
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
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    "latest_close": 19.914,
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    "distance_from_trend": 0.092715,
    "trend_direction": "Improving",
    "fair_value": 14.837026,
    "distance_from_fair_value": 0.342183,
    "fair_value_direction": "Improving",
    "relative_strength": 4.50918,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.124322,
    "excess_performance": 0.059683,
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.092715,
        "read": "Above"
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      {
        "label": "Trend direction",
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        "value": 0.036742,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
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        "value": 0.342183,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.035326,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.045092,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.071993,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.124322,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.6115,
        "read": "Demand-led"
      }
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      "relative_activity": 2.778185,
      "balance": 3.6115,
      "dry_up": 1.05762,
      "accumulation_observations": 2,
      "distribution_observations": 0
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      "annualized_volatility": 0.128919,
      "from_high_reference": -0.002105,
      "from_low_reference": 0.256404
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      "fair_value_reference": 14.837026,
      "structural_low": 16.24,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "median_return": null,
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        "sufficient": false
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "end": "2025-03-14",
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        "end": "2025-04-04",
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        "regime": "downward_expansion",
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        "active": false
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        "regime": "rotation_up",
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        "active": false
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        "regime": "rotation_down",
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        "regime": "deceleration",
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        "date": "2026-08-07",
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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."
    }
  }
}