{
  "ticker": {
    "uuid": "221d743a-78fa-418d-808d-447d9b392c96",
    "symbol": "C50",
    "name": "Amundi Core EURO STOXX 50 UCITS ETF EUR Acc",
    "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": 82.274,
    "architecture_energy": 68.647,
    "architecture_maturity": 32.651,
    "architecture_confidence": 93.1,
    "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": 11.38,
        "rotation_up": 59.61,
        "upward_expansion": 83.41,
        "deceleration": 56.35,
        "rotation_down": 22.92,
        "downward_expansion": 12.41
      },
      "activity_lines": [
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        166.106668,
        163.016474
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 175.279999,
    "trend_reference": 160.038001,
    "distance_from_trend": 0.09524,
    "trend_direction": "Improving",
    "fair_value": 133.966238,
    "distance_from_fair_value": 0.308389,
    "fair_value_direction": "Improving",
    "relative_strength": 6.07842,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.110773,
    "excess_performance": 0.057462,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.09524,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039163,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.308389,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.088056,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.060784,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.00952,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.110773,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.533822,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 40505,
      "relative_activity": 0.352423,
      "balance": 3.533822,
      "dry_up": 0.648584,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.024383,
      "annualized_volatility": 0.176177,
      "from_high_reference": -0.004543,
      "from_low_reference": 0.267756
    },
    "levels": {
      "trend_reference": 160.038001,
      "fair_value_reference": 133.966238,
      "structural_low": 141.600006,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.001847,
        "positive_rate": 0.564103,
        "directional_follow_through": 0.564103,
        "median_excess_return": 0.007437,
        "regime_survival": 0.794872,
        "best_return": 0.104668,
        "worst_return": -0.086694,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.004058,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": 0.01979,
        "regime_survival": 0.5,
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        "worst_return": -0.062144,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.071622,
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        "directional_follow_through": 0.875,
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        "regime_survival": 0.625,
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        "worst_return": -0.165374,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.109496,
        "sufficient": false
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        "label": "Downward Expansion",
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        "end": "2023-11-24",
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 157670.25,
        "trend": 152.425103,
        "fair_value": 128.699956,
        "relative_strength": 4.273403,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 31.400105,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
        "close": 157.460007,
        "volume": 135160,
        "typical_volume": 158797.45,
        "trend": 152.849103,
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        "energy": 30.767198,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 155.580002,
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        "typical_volume": 160750.45,
        "trend": 153.139103,
        "fair_value": 129.335854,
        "relative_strength": 5.775923,
        "stage": 2,
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        "energy": 31.277823,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 171100.25,
        "trend": 153.554,
        "fair_value": 129.683161,
        "relative_strength": 6.997013,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 168569,
        "typical_volume": 173552.0,
        "trend": 154.006666,
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        "relative_strength": 6.670296,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 169519.1,
        "trend": 154.550667,
        "fair_value": 130.402648,
        "relative_strength": 6.211294,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.754573,
        "energy": 55.040717,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 62763,
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        "trend": 155.095333,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 154501.5,
        "trend": 156.483333,
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        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.049568,
        "energy": 77.556187,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 22774,
        "typical_volume": 135668.05,
        "trend": 157.200667,
        "fair_value": 131.985725,
        "relative_strength": 7.77825,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 83.021918,
        "energy": 86.632561,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 168.300003,
        "volume": 54344,
        "typical_volume": 132163.1,
        "trend": 157.797334,
        "fair_value": 132.369187,
        "relative_strength": 7.390894,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.106658,
        "energy": 79.580471,
        "activity_lines": [
          168.848002,
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          159.97656
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      },
      {
        "date": "2026-07-17",
        "close": 167.259995,
        "volume": 59996,
        "typical_volume": 129521.45,
        "trend": 158.325334,
        "fair_value": 132.747392,
        "relative_strength": 6.492965,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.716015,
        "energy": 69.968316,
        "activity_lines": [
          168.504,
          166.982546,
          162.772668,
          160.587055
        ]
      },
      {
        "date": "2026-07-24",
        "close": 168.440002,
        "volume": 123011,
        "typical_volume": 126320.4,
        "trend": 158.888667,
        "fair_value": 133.119572,
        "relative_strength": 6.568841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.865435,
        "energy": 58.884179,
        "activity_lines": [
          168.450667,
          167.615273,
          163.686763,
          161.239614
        ]
      },
      {
        "date": "2026-07-31",
        "close": 170.600006,
        "volume": 74663,
        "typical_volume": 119073.9,
        "trend": 159.450001,
        "fair_value": 133.526751,
        "relative_strength": 5.958832,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.079194,
        "energy": 53.381217,
        "activity_lines": [
          169.138669,
          168.406911,
          164.721811,
          161.995184
        ]
      },
      {
        "date": "2026-08-07",
        "close": 175.279999,
        "volume": 40505,
        "typical_volume": 114933.0,
        "trend": 160.038001,
        "fair_value": 133.966238,
        "relative_strength": 6.07842,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.273711,
        "energy": 68.647126,
        "activity_lines": [
          171.129335,
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          166.106668,
          163.016474
        ]
      }
    ],
    "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."
    }
  }
}