{
  "ticker": {
    "uuid": "1ec6b7a7-59b0-4936-84a2-3face08211ab",
    "symbol": "TEP",
    "name": "Teleperformance 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 65.766,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 77.957,
    "architecture_energy": 77.16,
    "architecture_maturity": 22.0,
    "architecture_confidence": 78.802,
    "architecture_tenure": "New",
    "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": 18.83,
        "rotation_up": 74.25,
        "upward_expansion": 87.04,
        "deceleration": 47.96,
        "rotation_down": 13.87,
        "downward_expansion": 20.71
      },
      "activity_lines": [
        64.074667,
        59.635637,
        58.546727,
        56.541208
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 70.0,
    "trend_reference": 54.377895,
    "distance_from_trend": 0.287288,
    "trend_direction": "Improving",
    "fair_value": 79.334454,
    "distance_from_fair_value": -0.11766,
    "fair_value_direction": "Improving",
    "relative_strength": 15.69745,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.430785,
    "excess_performance": 0.377474,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.287288,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.005812,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.11766,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.181034,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.156975,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.203584,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.430785,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.577378,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1770809,
      "relative_activity": 1.38468,
      "balance": 1.577378,
      "dry_up": 1.163438,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.084537,
      "annualized_volatility": 0.523486,
      "from_high_reference": -0.044556,
      "from_low_reference": 0.640844
    },
    "levels": {
      "trend_reference": 54.377895,
      "fair_value_reference": 79.334454,
      "structural_low": 42.660981,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.052076,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.044506,
        "regime_survival": 0.5,
        "best_return": 0.06708,
        "worst_return": -0.378837,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": false
      },
      {
        "horizon": "Extended",
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        "sufficient": false
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      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-17",
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      },
      {
        "date": "2026-05-08",
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      },
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      },
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      },
      {
        "date": "2026-06-05",
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      },
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      {
        "date": "2026-06-19",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "stage": 1,
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      },
      {
        "date": "2026-07-17",
        "close": 54.860001,
        "volume": 1255846,
        "typical_volume": 1658565.85,
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        "fair_value": 80.200327,
        "relative_strength": -6.447504,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -13.150121,
        "energy": 22.187733,
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      },
      {
        "date": "2026-07-24",
        "close": 56.32,
        "volume": 1029502,
        "typical_volume": 1572630.05,
        "trend": 53.636497,
        "fair_value": 79.811309,
        "relative_strength": -3.290645,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.927101,
        "energy": 13.592298,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 70.080002,
        "volume": 1895331,
        "typical_volume": 1555880.4,
        "trend": 54.000403,
        "fair_value": 79.549215,
        "relative_strength": 18.465539,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 73.569293,
        "energy": 47.394594,
        "activity_lines": [
          59.760001,
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      },
      {
        "date": "2026-08-07",
        "close": 70.0,
        "volume": 1770809,
        "typical_volume": 1278858.0,
        "trend": 54.377895,
        "fair_value": 79.334454,
        "relative_strength": 15.69745,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.956916,
        "energy": 77.159765,
        "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."
    }
  }
}