{
  "ticker": {
    "uuid": "20b21af1-40b0-496a-bde8-d59c812334b2",
    "symbol": "EDEN",
    "name": "Edenred SE",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "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": 51.489,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.543,
    "architecture_energy": 94.428,
    "architecture_maturity": 40.0,
    "architecture_confidence": 75.822,
    "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": 88.12,
        "upward_expansion": 99.8,
        "deceleration": 39.06,
        "rotation_down": 8.28,
        "downward_expansion": 21.8
      },
      "activity_lines": [
        27.821334,
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        22.379842
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 29.110001,
    "trend_reference": 20.709934,
    "distance_from_trend": 0.405606,
    "trend_direction": "Improving",
    "fair_value": 32.317767,
    "distance_from_fair_value": -0.099257,
    "fair_value_direction": "Improving",
    "relative_strength": 13.463347,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.643704,
    "excess_performance": 0.469458,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.405606,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.101584,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.099257,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.331261,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.134633,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.361091,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.643704,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.248971,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 1.248971,
      "dry_up": 2.913269,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.058154,
      "annualized_volatility": 0.445305,
      "from_high_reference": -0.010873,
      "from_low_reference": 0.905728
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    "levels": {
      "trend_reference": 20.709934,
      "fair_value_reference": 32.317767,
      "structural_low": 15.275,
      "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": 14,
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        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.027133,
        "regime_survival": 0.714286,
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        "worst_return": -0.114369,
        "sufficient": true
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        "horizon": "Intermediate",
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        "worst_return": -0.015017,
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-05-01",
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        "trend": 19.14248,
        "fair_value": 35.174924,
        "relative_strength": -22.825442,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-05-15",
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        "fair_value": 34.73363,
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        "stage": 4,
        "regime": "rotation_up",
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      },
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        "date": "2026-05-22",
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        "trend": 18.916555,
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      },
      {
        "date": "2026-05-29",
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      },
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        "date": "2026-06-05",
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        "typical_volume": 1632.95,
        "trend": 18.794934,
        "fair_value": 34.067727,
        "relative_strength": -19.160911,
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        "energy": 66.258805,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 1360.55,
        "trend": 18.841934,
        "fair_value": 33.831794,
        "relative_strength": -19.995103,
        "stage": 1,
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      },
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 0,
        "typical_volume": 1307.45,
        "trend": 19.1711,
        "fair_value": 33.402302,
        "relative_strength": -13.682763,
        "stage": 1,
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        "modifier": "Early expansion",
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        "energy": 73.042445,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 23.940001,
        "volume": 0,
        "typical_volume": 1092.05,
        "trend": 19.343434,
        "fair_value": 33.206074,
        "relative_strength": -9.03186,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 82.379665,
        "energy": 87.897828,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 23.91,
        "volume": 136,
        "typical_volume": 1098.85,
        "trend": 19.521434,
        "fair_value": 33.011686,
        "relative_strength": -7.037574,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.850417,
        "energy": 88.587094,
        "activity_lines": [
          23.402,
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          20.369255
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      },
      {
        "date": "2026-07-17",
        "close": 26.389999,
        "volume": 1329,
        "typical_volume": 774.3,
        "trend": 19.771767,
        "fair_value": 32.827338,
        "relative_strength": 5.416544,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.1938,
        "energy": 94.768191,
        "activity_lines": [
          24.541333,
          23.349468,
          21.759455,
          20.812388
        ]
      },
      {
        "date": "2026-07-24",
        "close": 26.32,
        "volume": 7636,
        "typical_volume": 897.25,
        "trend": 20.024767,
        "fair_value": 32.649595,
        "relative_strength": 4.623234,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.169328,
        "energy": 93.323942,
        "activity_lines": [
          25.28,
          24.051554,
          22.313178,
          21.234855
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.030001,
        "volume": 2395,
        "typical_volume": 1017.0,
        "trend": 20.367934,
        "fair_value": 32.482767,
        "relative_strength": 15.916729,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.134014,
        "energy": 96.725038,
        "activity_lines": [
          26.757334,
          25.130818,
          23.088497,
          21.815838
        ]
      },
      {
        "date": "2026-08-07",
        "close": 29.110001,
        "volume": 0,
        "typical_volume": 974.85,
        "trend": 20.709934,
        "fair_value": 32.317767,
        "relative_strength": 13.463347,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.543284,
        "energy": 94.428283,
        "activity_lines": [
          27.821334,
          26.075521,
          23.824435,
          22.379842
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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."
    }
  }
}