{
  "ticker": {
    "uuid": "2a43988a-bc06-4577-ab1d-48571af9d421",
    "symbol": "CROS",
    "name": "Crosswood 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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -62.119,
    "architecture_energy": 63.817,
    "architecture_maturity": 20.309,
    "architecture_confidence": 91.965,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 9.94,
        "rotation_up": 13.57,
        "upward_expansion": 13.61,
        "deceleration": 38.86,
        "rotation_down": 68.19,
        "downward_expansion": 89.28
      },
      "activity_lines": [
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        9.79129
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 9.7,
    "trend_reference": 9.988333,
    "distance_from_trend": -0.028867,
    "trend_direction": "Weakening",
    "fair_value": 9.594297,
    "distance_from_fair_value": 0.011017,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.053819,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.067308,
    "excess_performance": -0.120619,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.028867,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.044179,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.011017,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.086015,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.120538,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.095376,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.067308,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.15942,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5,
      "relative_activity": 0.8,
      "balance": 0.15942,
      "dry_up": 1.4,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.065821,
      "annualized_volatility": 0.638941,
      "from_high_reference": -0.126126,
      "from_low_reference": 0.108571
    },
    "levels": {
      "trend_reference": 9.988333,
      "fair_value_reference": 9.594297,
      "structural_low": 8.75,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.068063,
        "positive_rate": 0.652174,
        "directional_follow_through": 0.347826,
        "median_excess_return": 0.056209,
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        "worst_return": -0.263473,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.17757,
        "sufficient": true
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        "energy": 10.92709,
        "activity_lines": [
          10.573333,
          10.558182,
          10.36119,
          10.41086
        ]
      },
      {
        "date": "2026-05-15",
        "close": 10.5,
        "volume": 0,
        "typical_volume": 14.0,
        "trend": 10.513333,
        "fair_value": 9.551308,
        "relative_strength": -0.447372,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.145648,
        "energy": 5.314594,
        "activity_lines": [
          10.54,
          10.562727,
          10.37881,
          10.40914
        ]
      },
      {
        "date": "2026-05-22",
        "close": 9.4,
        "volume": 8,
        "typical_volume": 13.9,
        "trend": 10.463333,
        "fair_value": 9.56097,
        "relative_strength": -12.36631,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -57.80625,
        "energy": 32.135316,
        "activity_lines": [
          10.153333,
          10.369091,
          10.293571,
          10.337312
        ]
      },
      {
        "date": "2026-05-29",
        "close": 10.5,
        "volume": 1,
        "typical_volume": 8.95,
        "trend": 10.45,
        "fair_value": 9.582111,
        "relative_strength": -2.764021,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -26.837986,
        "energy": 19.313066,
        "activity_lines": [
          10.213333,
          10.369091,
          10.320238,
          10.339677
        ]
      },
      {
        "date": "2026-06-05",
        "close": 8.8,
        "volume": 0,
        "typical_volume": 6.7,
        "trend": 10.38,
        "fair_value": 9.585714,
        "relative_strength": -18.48126,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -77.151835,
        "energy": 64.897513,
        "activity_lines": [
          9.713333,
          10.063636,
          10.178333,
          10.233226
        ]
      },
      {
        "date": "2026-06-12",
        "close": 10.5,
        "volume": 5,
        "typical_volume": 6.65,
        "trend": 10.363333,
        "fair_value": 9.600215,
        "relative_strength": -4.070214,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.474147,
        "energy": 40.559692,
        "activity_lines": [
          9.9,
          10.101818,
          10.207381,
          10.240968
        ]
      },
      {
        "date": "2026-06-19",
        "close": 10.0,
        "volume": 0,
        "typical_volume": 6.65,
        "trend": 10.326667,
        "fair_value": 9.61151,
        "relative_strength": -9.086527,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.796072,
        "energy": 35.837601,
        "activity_lines": [
          9.92,
          10.052727,
          10.188333,
          10.217527
        ]
      },
      {
        "date": "2026-06-26",
        "close": 9.9,
        "volume": 0,
        "typical_volume": 6.65,
        "trend": 10.286667,
        "fair_value": 9.622165,
        "relative_strength": -9.325403,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.301653,
        "energy": 39.796121,
        "activity_lines": [
          9.94,
          9.998182,
          10.161667,
          10.19
        ]
      },
      {
        "date": "2026-07-03",
        "close": 9.9,
        "volume": 0,
        "typical_volume": 6.65,
        "trend": 10.246667,
        "fair_value": 9.632819,
        "relative_strength": -10.338236,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.431121,
        "energy": 19.133809,
        "activity_lines": [
          9.926667,
          9.956364,
          10.137381,
          10.165054
        ]
      },
      {
        "date": "2026-07-10",
        "close": 8.8,
        "volume": 51,
        "typical_volume": 8.7,
        "trend": 10.176667,
        "fair_value": 9.638636,
        "relative_strength": -18.29201,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.14131,
        "energy": 52.501946,
        "activity_lines": [
          9.586667,
          9.727273,
          10.010714,
          10.07172
        ]
      },
      {
        "date": "2026-07-17",
        "close": 8.75,
        "volume": 10,
        "typical_volume": 7.55,
        "trend": 10.111667,
        "fair_value": 9.636859,
        "relative_strength": -18.351938,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.067143,
        "energy": 77.17083,
        "activity_lines": [
          9.23,
          9.521818,
          9.880476,
          9.979677
        ]
      },
      {
        "date": "2026-07-24",
        "close": 8.75,
        "volume": 0,
        "typical_volume": 7.05,
        "trend": 10.04,
        "fair_value": 9.624647,
        "relative_strength": -18.270625,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.658736,
        "energy": 81.82486,
        "activity_lines": [
          8.99,
          9.348182,
          9.752857,
          9.891828
        ]
      },
      {
        "date": "2026-07-31",
        "close": 8.75,
        "volume": 20,
        "typical_volume": 6.4,
        "trend": 9.968333,
        "fair_value": 9.613068,
        "relative_strength": -19.099631,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.390728,
        "energy": 82.849235,
        "activity_lines": [
          8.833333,
          9.206364,
          9.634048,
          9.808602
        ]
      },
      {
        "date": "2026-08-07",
        "close": 9.7,
        "volume": 5,
        "typical_volume": 6.25,
        "trend": 9.988333,
        "fair_value": 9.594297,
        "relative_strength": -12.053819,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.118743,
        "energy": 63.816785,
        "activity_lines": [
          9.07,
          9.249091,
          9.607143,
          9.79129
        ]
      }
    ],
    "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."
    }
  }
}