{
  "ticker": {
    "uuid": "1c622ba2-7397-4232-9ee8-0adc99d11d2e",
    "symbol": "OP4E",
    "name": "OSSIAM BLOOMBERG EUROPE ex EUROZONE PAB NR 1C EUR",
    "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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 82.592,
    "architecture_energy": 84.746,
    "architecture_maturity": 24.937,
    "architecture_confidence": 87.691,
    "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": 11.29,
        "rotation_up": 72.96,
        "upward_expansion": 94.96,
        "deceleration": 43.86,
        "rotation_down": 17.2,
        "downward_expansion": 19.29
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
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    "latest_close": 199.943893,
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    "distance_from_trend": 0.061713,
    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.200867,
    "fair_value_direction": "Improving",
    "relative_strength": 2.784139,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.067307,
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        "label": "Price vs Trend",
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        "value": 0.061713,
        "read": "Above"
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      {
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        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.200867,
        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.059298,
        "read": "Closing upward"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.027841,
        "read": "Leading"
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      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.010599,
        "read": "Weakening"
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      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.067307,
        "read": "Positive"
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        "label": "Volume balance",
        "positive": true,
        "value": 7.994012,
        "read": "Demand-led"
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      "accumulation_observations": 3,
      "distribution_observations": 1
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      "annualized_volatility": 0.149845,
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      "from_low_reference": 0.19871
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        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.50558,
        "energy": 53.906148,
        "activity_lines": [
          188.032821,
          186.796334,
          185.319401,
          185.087475
        ]
      },
      {
        "date": "2026-06-19",
        "close": 188.4888,
        "volume": 0,
        "typical_volume": 106.8,
        "trend": 184.204502,
        "fair_value": 164.088403,
        "relative_strength": 1.189532,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.718668,
        "energy": 54.550831,
        "activity_lines": [
          188.2742,
          187.325655,
          185.598345,
          185.393249
        ]
      },
      {
        "date": "2026-06-26",
        "close": 193.450897,
        "volume": 1,
        "typical_volume": 106.45,
        "trend": 184.823219,
        "fair_value": 164.40869,
        "relative_strength": 4.243063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.684991,
        "energy": 67.599786,
        "activity_lines": [
          189.976693,
          188.579476,
          186.338787,
          185.989791
        ]
      },
      {
        "date": "2026-07-03",
        "close": 198.929398,
        "volume": 2,
        "typical_volume": 103.2,
        "trend": 185.570689,
        "fair_value": 164.791369,
        "relative_strength": 5.553009,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 91.633912,
        "energy": 88.279581,
        "activity_lines": [
          193.186059,
          190.701341,
          187.571868,
          186.899867
        ]
      },
      {
        "date": "2026-07-10",
        "close": 195.572601,
        "volume": 163,
        "typical_volume": 110.7,
        "trend": 186.213089,
        "fair_value": 165.133185,
        "relative_strength": 5.679096,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.363163,
        "energy": 83.415099,
        "activity_lines": [
          194.630632,
          191.961183,
          188.443682,
          187.545151
        ]
      },
      {
        "date": "2026-07-17",
        "close": 195.844498,
        "volume": 159,
        "typical_volume": 116.85,
        "trend": 186.864552,
        "fair_value": 165.461709,
        "relative_strength": 5.63003,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.793109,
        "energy": 87.547004,
        "activity_lines": [
          195.579445,
          193.011181,
          189.329758,
          188.166532
        ]
      },
      {
        "date": "2026-07-24",
        "close": 194.598099,
        "volume": 2,
        "typical_volume": 82.8,
        "trend": 187.320642,
        "fair_value": 165.773048,
        "relative_strength": 4.361888,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.243521,
        "energy": 84.734987,
        "activity_lines": [
          195.626399,
          193.645208,
          190.095286,
          188.665471
        ]
      },
      {
        "date": "2026-07-31",
        "close": 198.104095,
        "volume": 24,
        "typical_volume": 83.85,
        "trend": 187.882042,
        "fair_value": 166.132752,
        "relative_strength": 4.421171,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.451041,
        "energy": 78.648616,
        "activity_lines": [
          196.434731,
          194.752997,
          191.159989,
          189.361178
        ]
      },
      {
        "date": "2026-08-07",
        "close": 199.943893,
        "volume": 13,
        "typical_volume": 81.45,
        "trend": 188.321932,
        "fair_value": 166.499644,
        "relative_strength": 2.784139,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.592009,
        "energy": 84.745636,
        "activity_lines": [
          197.546116,
          196.02361,
          192.33014,
          190.139362
        ]
      }
    ],
    "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."
    }
  }
}