{ "ticker": { "uuid": "1dbc58ce-8127-4f18-bb47-61d664d80736", "symbol": "EN", "name": "Bouygues 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": 53.527, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -15.448, "architecture_energy": 16.501, "architecture_maturity": 6.414, "architecture_confidence": 57.61, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 52.77, "rotation_up": 19.59, "upward_expansion": 19.3, "deceleration": 62.8, "rotation_down": 49.93, "downward_expansion": 37.63 }, "activity_lines": [ 48.192, 48.400909, 49.021043, 48.910053 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 48.639999, "trend_reference": 48.30231, "distance_from_trend": 0.006991, "trend_direction": "Improving", "fair_value": 35.056516, "distance_from_fair_value": 0.387474, "fair_value_direction": "Weakening", "relative_strength": 2.583595, "relative_strength_direction": "Weakening", "price_momentum": 0.050833, "excess_performance": -0.002479, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.006991, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.053754, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.387474, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.12645, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.025836, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.176086, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.050833, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.553141, "read": "Demand-led" } ], "volume": { "latest": 2384058, "relative_activity": 0.830023, "balance": 1.553141, "dry_up": 1.031741, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.033227, "annualized_volatility": 0.18177, "from_high_reference": -0.086401, "from_low_reference": 0.432684 }, "levels": { "trend_reference": 48.30231, "fair_value_reference": 35.056516, "structural_low": 45.17429, "invalidation": "A 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"2025-02-14", "end": "2025-03-07", "tenure": "New", "return": 0.102199, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-06-27", "tenure": "Established", "return": 0.130543, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": -0.013828, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": -0.067971, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-10-17", "tenure": "Developing", "return": 0.090357, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2026-03-27", "tenure": "Established", "return": 0.189978, "active": false }, { 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46.700001, "volume": 3772235, "typical_volume": 3056731.55, "trend": 47.614793, "fair_value": 34.5351, "relative_strength": 4.374794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -10.484833, "energy": 19.414231, "activity_lines": [ 48.467334, 49.197819, 49.385962, 48.833702 ] }, { "date": "2026-07-17", "close": 47.779999, "volume": 3679639, "typical_volume": 3022464.2, "trend": 47.782553, "fair_value": 34.666263, "relative_strength": 6.42189, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.716114, "energy": 22.112767, "activity_lines": [ 48.034, 48.865273, 49.250809, 48.84436 ] }, { "date": "2026-07-24", "close": 47.540001, "volume": 2415772, "typical_volume": 2943471.85, "trend": 47.950627, "fair_value": 34.787315, "relative_strength": 5.114934, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.297279, "energy": 38.252343, "activity_lines": [ 47.688667, 48.533819, 49.105927, 48.828712 ] }, { "date": "2026-07-31", "close": 48.700001, "volume": 3374327, "typical_volume": 2943327.9, "trend": 48.128587, "fair_value": 34.920614, "relative_strength": 5.520586, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.019329, "energy": 29.721618, "activity_lines": [ 47.915334, 48.467091, 49.068524, 48.877058 ] }, { "date": "2026-08-07", "close": 48.639999, "volume": 2384058, "typical_volume": 2872279.4, "trend": 48.30231, "fair_value": 35.056516, "relative_strength": 2.583595, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.448244, "energy": 16.500723, "activity_lines": [ 48.192, 48.400909, 49.021043, 48.910053 ] } ], "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." } } }