{
  "ticker": {
    "uuid": "153df94e-75d6-494c-9f0d-5cb9f1ea42e2",
    "symbol": "PARP",
    "name": "Groupe Partouche SA",
    "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.",
  "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": 85.148,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 43.803,
    "architecture_energy": 32.138,
    "architecture_maturity": 61.978,
    "architecture_confidence": 82.635,
    "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": 30.17,
        "rotation_up": 35.9,
        "upward_expansion": 63.74,
        "deceleration": 87.65,
        "rotation_down": 25.96,
        "downward_expansion": 16.08
      },
      "activity_lines": [
        17.91,
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        17.719444,
        17.490818
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 17.85,
    "trend_reference": 17.218262,
    "distance_from_trend": 0.03669,
    "trend_direction": "Improving",
    "fair_value": 17.830245,
    "distance_from_fair_value": 0.001108,
    "fair_value_direction": "Improving",
    "relative_strength": -3.286234,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.093276,
    "excess_performance": 0.039964,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.03669,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.02411,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.001108,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.070518,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.032862,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.011713,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.093276,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.264369,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 11386,
      "relative_activity": 2.826608,
      "balance": 2.264369,
      "dry_up": 1.156362,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.024016,
      "annualized_volatility": 0.129904,
      "from_high_reference": -0.066716,
      "from_low_reference": 0.102728
    },
    "levels": {
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      "fair_value_reference": 17.830245,
      "structural_low": 16.28043,
      "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": 12,
        "median_return": -0.023598,
        "positive_rate": 0.083333,
        "directional_follow_through": 0.083333,
        "median_excess_return": -0.033161,
        "regime_survival": 0.583333,
        "best_return": 0.046729,
        "worst_return": -0.0625,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "worst_return": -0.181818,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.102381,
        "sufficient": true
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.663537,
        "energy": 11.745905,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 16.65362,
        "volume": 8304,
        "typical_volume": 6820.0,
        "trend": 16.792011,
        "fair_value": 18.008058,
        "relative_strength": -5.165649,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.968623,
        "energy": 16.0571,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 6766.85,
        "trend": 16.770242,
        "fair_value": 17.996016,
        "relative_strength": -4.457497,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.016357,
        "energy": 13.348889,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 16.840214,
        "volume": 3715,
        "typical_volume": 6863.85,
        "trend": 16.768687,
        "fair_value": 17.976004,
        "relative_strength": -1.909412,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.427286,
        "energy": 9.910848,
        "activity_lines": [
          16.759357,
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        ]
      },
      {
        "date": "2026-05-22",
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        "volume": 5196,
        "typical_volume": 6989.7,
        "trend": 16.779571,
        "fair_value": 17.964037,
        "relative_strength": -2.1776,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 57.733989,
        "energy": 37.395253,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 18.4,
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        "typical_volume": 7629.95,
        "trend": 16.812905,
        "fair_value": 17.959694,
        "relative_strength": 4.269265,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.324648,
        "energy": 76.688211,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 18.0,
        "volume": 87,
        "typical_volume": 7529.75,
        "trend": 16.857784,
        "fair_value": 17.954527,
        "relative_strength": 1.610292,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.709877,
        "energy": 81.598995,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 17.799999,
        "volume": 2555,
        "typical_volume": 7528.65,
        "trend": 16.892887,
        "fair_value": 17.943441,
        "relative_strength": -0.965493,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.859986,
        "energy": 80.116434,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "trend": 16.939209,
        "fair_value": 17.931577,
        "relative_strength": -0.805305,
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        "regime": "upward_expansion",
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        "energy": 82.943092,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 18.0,
        "volume": 373,
        "typical_volume": 5477.65,
        "trend": 16.982534,
        "fair_value": 17.918875,
        "relative_strength": 0.146112,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.266224,
        "energy": 78.48918,
        "activity_lines": [
          17.973333,
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          17.162593
        ]
      },
      {
        "date": "2026-07-03",
        "close": 17.950001,
        "volume": 245,
        "typical_volume": 4553.7,
        "trend": 17.021082,
        "fair_value": 17.904693,
        "relative_strength": -1.321037,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.40675,
        "energy": 58.548333,
        "activity_lines": [
          17.946667,
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          17.22501
        ]
      },
      {
        "date": "2026-07-10",
        "close": 18.0,
        "volume": 6046,
        "typical_volume": 3650.5,
        "trend": 17.069071,
        "fair_value": 17.892571,
        "relative_strength": 1.132382,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.427722,
        "energy": 57.037689,
        "activity_lines": [
          17.966667,
          17.879776,
          17.489399,
          17.288167
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      },
      {
        "date": "2026-07-17",
        "close": 17.950001,
        "volume": 2100,
        "typical_volume": 3659.5,
        "trend": 17.107619,
        "fair_value": 17.881287,
        "relative_strength": 1.054442,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.859668,
        "energy": 51.342579,
        "activity_lines": [
          17.970001,
          17.928735,
          17.558401,
          17.345001
        ]
      },
      {
        "date": "2026-07-24",
        "close": 17.9,
        "volume": 1095,
        "typical_volume": 3566.3,
        "trend": 17.149165,
        "fair_value": 17.867364,
        "relative_strength": 0.548037,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.118527,
        "energy": 43.29898,
        "activity_lines": [
          17.946667,
          17.94673,
          17.617356,
          17.396122
        ]
      },
      {
        "date": "2026-07-31",
        "close": 17.950001,
        "volume": 4051,
        "typical_volume": 3656.9,
        "trend": 17.183048,
        "fair_value": 17.849705,
        "relative_strength": -0.58868,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.950967,
        "energy": 41.064249,
        "activity_lines": [
          17.943334,
          17.954546,
          17.675582,
          17.447789
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.85,
        "volume": 11386,
        "typical_volume": 4028.15,
        "trend": 17.218262,
        "fair_value": 17.830245,
        "relative_strength": -3.286234,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.802898,
        "energy": 32.137618,
        "activity_lines": [
          17.91,
          17.929091,
          17.719444,
          17.490818
        ]
      }
    ],
    "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."
    }
  }
}