{ "ticker": { "uuid": "23936be6-a492-4369-8411-83411fdd23c9", "symbol": "REUSD", "name": "BNP Paribas Easy ECPI Circular Economy Leaders", "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": 87.922, "architecture_energy": 69.702, "architecture_maturity": 77.898, "architecture_confidence": 65.949, "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": 30.07, "rotation_up": 52.2, "upward_expansion": 80.67, "deceleration": 74.33, "rotation_down": 29.38, "downward_expansion": 12.0 }, "activity_lines": [ 15.981147, 15.94274, 15.633183, 15.410685 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 16.3379, "trend_reference": 15.199657, "distance_from_trend": 0.074886, "trend_direction": "Improving", "fair_value": 13.02638, "distance_from_fair_value": 0.254216, "fair_value_direction": "Improving", "relative_strength": 3.594623, "relative_strength_direction": "Improving", "price_momentum": 0.087743, "excess_performance": 0.034432, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.074886, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035236, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.254216, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.125774, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.035946, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.035437, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.087743, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.6, "read": "Demand-led" } ], "volume": { "latest": 1800, "relative_activity": 6.726457, "balance": 5.6, "dry_up": 2.362668, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.01337, "annualized_volatility": 0.166256, "from_high_reference": -0.003355, "from_low_reference": 0.23682 }, "levels": { "trend_reference": 15.199657, "fair_value_reference": 13.02638, "structural_low": 13.968, "invalidation": "A 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"2026-07-24", "close": 15.7259, "volume": 0, "typical_volume": 257.15, "trend": 15.092353, "fair_value": 12.961785, "relative_strength": 4.110138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.309963, "energy": 56.352326, "activity_lines": [ 15.79034, 15.860485, 15.450502, 15.282213 ] }, { "date": "2026-07-31", "close": 15.8842, "volume": 9, "typical_volume": 177.6, "trend": 15.138443, "fair_value": 12.991873, "relative_strength": 3.332826, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.877093, "energy": 54.615673, "activity_lines": [ 15.805767, 15.864698, 15.522885, 15.3333 ] }, { "date": "2026-08-07", "close": 16.3379, "volume": 1800, "typical_volume": 267.6, "trend": 15.199657, "fair_value": 13.02638, "relative_strength": 3.594623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.922081, "energy": 69.701528, "activity_lines": [ 15.981147, 15.94274, 15.633183, 15.410685 ] } ], "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." } } }