{
  "ticker": {
    "uuid": "2d685a0f-9634-4818-8e2c-afeec50d9094",
    "symbol": "ERF",
    "name": "Eurofins Scientific 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "up",
    "architecture_direction": 67.726,
    "architecture_energy": 53.207,
    "architecture_maturity": 15.603,
    "architecture_confidence": 81.625,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 22.54,
        "rotation_up": 62.42,
        "upward_expansion": 84.89,
        "deceleration": 48.46,
        "rotation_down": 17.51,
        "downward_expansion": 9.22
      },
      "activity_lines": [
        68.786667,
        68.270546,
        66.141584,
        65.382461
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 69.800003,
    "trend_reference": 65.231106,
    "distance_from_trend": 0.070042,
    "trend_direction": "Improving",
    "fair_value": 56.154848,
    "distance_from_fair_value": 0.242992,
    "fair_value_direction": "Improving",
    "relative_strength": 2.49174,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.038622,
    "excess_performance": -0.014689,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.070042,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.040152,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.242992,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.172109,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.024917,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.085627,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.038622,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.658522,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 961606,
      "relative_activity": 0.813522,
      "balance": 0.658522,
      "dry_up": 0.964806,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.047124,
      "annualized_volatility": 0.342323,
      "from_high_reference": -0.0497,
      "from_low_reference": 0.287392
    },
    "levels": {
      "trend_reference": 65.231106,
      "fair_value_reference": 56.154848,
      "structural_low": 56.84,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": -0.065019,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.038967,
        "regime_survival": 0.4,
        "best_return": 0.047447,
        "worst_return": -0.165818,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.052489,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.082547,
        "regime_survival": 0.0,
        "best_return": -0.031614,
        "worst_return": -0.116909,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.10701,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.096492,
        "regime_survival": 0.333333,
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        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "median_excess_return": -0.139868,
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        "sufficient": false
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      },
      {
        "regime": "downward_expansion",
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        "tenure": "Established",
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      },
      {
        "regime": "balance",
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "date": "2026-04-17",
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      },
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      },
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        "date": "2026-05-15",
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      },
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 1.046198,
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      },
      {
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      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
        "close": 68.959999,
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        "typical_volume": 1285158.3,
        "trend": 64.470921,
        "fair_value": 55.878358,
        "relative_strength": 5.532178,
        "stage": 2,
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        "direction": 30.652237,
        "energy": 52.945489,
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      },
      {
        "date": "2026-07-17",
        "close": 70.279999,
        "volume": 1093590,
        "typical_volume": 1259407.1,
        "trend": 64.779007,
        "fair_value": 55.950381,
        "relative_strength": 7.376165,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.001569,
        "energy": 66.184356,
        "activity_lines": [
          69.050666,
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      },
      {
        "date": "2026-07-24",
        "close": 66.400002,
        "volume": 1481142,
        "typical_volume": 1253802.75,
        "trend": 64.945241,
        "fair_value": 55.989975,
        "relative_strength": 1.226842,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 33.916593,
        "energy": 56.307673,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 68.519997,
        "volume": 1025374,
        "typical_volume": 1224256.7,
        "trend": 65.186754,
        "fair_value": 56.064221,
        "relative_strength": 2.919494,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.647231,
        "energy": 47.243324,
        "activity_lines": [
          68.421333,
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      },
      {
        "date": "2026-08-07",
        "close": 69.800003,
        "volume": 961606,
        "typical_volume": 1182028.4,
        "trend": 65.231106,
        "fair_value": 56.154848,
        "relative_strength": 2.49174,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 67.726225,
        "energy": 53.207311,
        "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."
    }
  }
}