{
  "ticker": {
    "uuid": "1a82af7a-954b-4527-b5a9-9b22c048d797",
    "symbol": "DEC",
    "name": "JCDecaux SE",
    "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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 93.42,
    "architecture_energy": 96.733,
    "architecture_maturity": 38.0,
    "architecture_confidence": 77.153,
    "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": 0.0,
        "rotation_up": 89.66,
        "upward_expansion": 99.87,
        "deceleration": 39.04,
        "rotation_down": 8.2,
        "downward_expansion": 21.87
      },
      "activity_lines": [
        22.976,
        21.787091,
        20.461581,
        19.708045
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 24.48,
    "trend_reference": 18.67224,
    "distance_from_trend": 0.311037,
    "trend_direction": "Improving",
    "fair_value": 16.353052,
    "distance_from_fair_value": 0.496968,
    "fair_value_direction": "Improving",
    "relative_strength": 34.971034,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.536015,
    "excess_performance": 0.482703,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.311037,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.122482,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.496968,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.37207,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.34971,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.205764,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.536015,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.631716,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1152818,
      "relative_activity": 1.615153,
      "balance": 4.631716,
      "dry_up": 1.386219,
      "accumulation_observations": 6,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.04702,
      "annualized_volatility": 0.339722,
      "from_high_reference": -0.022364,
      "from_low_reference": 0.796006
    },
    "levels": {
      "trend_reference": 18.67224,
      "fair_value_reference": 16.353052,
      "structural_low": 15.435385,
      "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": 17,
        "median_return": 0.008326,
        "positive_rate": 0.529412,
        "directional_follow_through": 0.529412,
        "median_excess_return": 0.003889,
        "regime_survival": 0.647059,
        "best_return": 0.181818,
        "worst_return": -0.157339,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.012526,
        "positive_rate": 0.571429,
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        "best_return": 0.200951,
        "worst_return": -0.254157,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.005912,
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        "regime_survival": 0.2,
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        "worst_return": -0.40578,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.32897,
        "sufficient": false
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 747109.05,
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        "fair_value": 16.213864,
        "relative_strength": 29.36129,
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        "direction": 88.136601,
        "energy": 91.779696,
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      },
      {
        "date": "2026-07-24",
        "close": 21.959999,
        "volume": 745580,
        "typical_volume": 736921.75,
        "trend": 18.106603,
        "fair_value": 16.253498,
        "relative_strength": 28.139326,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.260396,
        "energy": 93.138343,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 22.799999,
        "volume": 1287479,
        "typical_volume": 725552.95,
        "trend": 18.370431,
        "fair_value": 16.297144,
        "relative_strength": 29.888825,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.522684,
        "energy": 93.901164,
        "activity_lines": [
          22.021333,
          21.023818,
          19.970848,
          19.313879
        ]
      },
      {
        "date": "2026-08-07",
        "close": 24.48,
        "volume": 1152818,
        "typical_volume": 713751.5,
        "trend": 18.67224,
        "fair_value": 16.353052,
        "relative_strength": 34.971034,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 93.420211,
        "energy": 96.732534,
        "activity_lines": [
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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."
    }
  }
}