{
  "ticker": {
    "uuid": "1c300088-a714-414b-a857-3d8280b84776",
    "symbol": "JPN",
    "name": "Amundi Japan TOPIX II UCITS ETF EUR Dist",
    "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": 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.458,
    "architecture_energy": 47.477,
    "architecture_maturity": 79.122,
    "architecture_confidence": 62.242,
    "architecture_tenure": "Established",
    "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": 24.56,
        "rotation_up": 46.44,
        "upward_expansion": 73.14,
        "deceleration": 71.25,
        "rotation_down": 27.63,
        "downward_expansion": 11.14
      },
      "activity_lines": [
        216.289998,
        215.680181,
        212.323238,
        208.80785
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 222.339996,
    "trend_reference": 204.640333,
    "distance_from_trend": 0.086492,
    "trend_direction": "Improving",
    "fair_value": 168.244669,
    "distance_from_fair_value": 0.321528,
    "fair_value_direction": "Improving",
    "relative_strength": 7.080987,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.116557,
    "excess_performance": 0.063246,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.086492,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.054149,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.321528,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.049587,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.07081,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.046996,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.116557,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.749836,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 16809,
      "relative_activity": 2.453707,
      "balance": 3.749836,
      "dry_up": 1.478844,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.027636,
      "annualized_volatility": 0.194898,
      "from_high_reference": 0.0,
      "from_low_reference": 0.290173
    },
    "levels": {
      "trend_reference": 204.640333,
      "fair_value_reference": 168.244669,
      "structural_low": 185.470001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 31,
        "median_return": 0.001156,
        "positive_rate": 0.516129,
        "directional_follow_through": 0.516129,
        "median_excess_return": -0.004792,
        "regime_survival": 0.741935,
        "best_return": 0.093233,
        "worst_return": -0.113872,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.006032,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": 0.009395,
        "regime_survival": 0.583333,
        "best_return": 0.133748,
        "worst_return": -0.034067,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.036618,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.03816,
        "regime_survival": 0.333333,
        "best_return": 0.186976,
        "worst_return": -0.118109,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.1268,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.075739,
        "regime_survival": 0.75,
        "best_return": 0.256384,
        "worst_return": -0.130723,
        "sufficient": false
      }
    ],
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        "color": "green",
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        "end": "2024-07-26",
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        "return": -0.015723,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "return": 0.084203,
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-31",
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        "active": false
      },
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        "regime": "upward_expansion",
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        "return": 0.007097,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-16",
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        "active": false
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        "regime": "balance",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "active": false
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      },
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        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 8425.8,
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        "relative_strength": 6.502675,
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        "modifier": "Re-accelerating",
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        "direction": 63.275441,
        "energy": 52.080706,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 9834,
        "typical_volume": 7614.35,
        "trend": 202.637334,
        "fair_value": 167.211707,
        "relative_strength": 7.929222,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 60.298518,
        "energy": 47.032753,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 213.110001,
        "volume": 2722,
        "typical_volume": 6388.55,
        "trend": 203.639334,
        "fair_value": 167.697388,
        "relative_strength": 5.38927,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.674757,
        "energy": 33.693656,
        "activity_lines": [
          213.721333,
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      },
      {
        "date": "2026-08-07",
        "close": 222.339996,
        "volume": 16809,
        "typical_volume": 6850.45,
        "trend": 204.640333,
        "fair_value": 168.244669,
        "relative_strength": 7.080987,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.45768,
        "energy": 47.477468,
        "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."
    }
  }
}