{ "ticker": { "uuid": "3364ae14-e49f-4f89-bbea-ab3d4debebbf", "symbol": "ELIS", "name": "Elis 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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "mixed", "architecture_direction": -31.186, "architecture_energy": 40.21, "architecture_maturity": 60.436, "architecture_confidence": 82.317, "architecture_tenure": "Established", "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": 26.26, "rotation_up": 16.87, "upward_expansion": 20.89, "deceleration": 55.08, "rotation_down": 70.78, "downward_expansion": 48.22 }, "activity_lines": [ 24.952, 25.672067, 25.948862, 25.817299 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 24.48, "trend_reference": 25.578608, "distance_from_trend": -0.04295, "trend_direction": "Improving", "fair_value": 21.337602, "distance_from_fair_value": 0.14727, "fair_value_direction": "Weakening", "relative_strength": -7.889844, "relative_strength_direction": "Weakening", "price_momentum": -0.043855, "excess_performance": -0.097166, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.04295, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.030814, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.14727, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.13866, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078898, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.154018, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.043855, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.367896, "read": "Supply-led" } ], "volume": { "latest": 1603902, "relative_activity": 1.183435, "balance": 0.367896, "dry_up": 1.176839, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.049002, "annualized_volatility": 0.28529, "from_high_reference": -0.136203, "from_low_reference": 0.097671 }, "levels": { "trend_reference": 25.578608, "fair_value_reference": 21.337602, "structural_low": 23.185965, 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26.886473, 26.697678, 26.255191, 25.940758 ] }, { "date": "2026-07-17", "close": 25.48, "volume": 2024668, "typical_volume": 1442020.2, "trend": 25.463614, "fair_value": 21.196056, "relative_strength": -0.301663, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.992384, "energy": 20.548839, "activity_lines": [ 26.425663, 26.496514, 26.221064, 25.946157 ] }, { "date": "2026-07-24", "close": 25.120001, "volume": 1221351, "typical_volume": 1411867.75, "trend": 25.520877, "fair_value": 21.241532, "relative_strength": -1.986487, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.931177, "energy": 11.123147, "activity_lines": [ 25.902667, 26.247166, 26.158383, 25.923989 ] }, { "date": "2026-07-31", "close": 24.959999, "volume": 1529925, "typical_volume": 1381025.45, "trend": 25.572807, "fair_value": 21.289802, "relative_strength": -4.048547, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -22.96581, "energy": 28.209858, "activity_lines": [ 25.424, 25.990774, 26.076212, 25.887803 ] }, { "date": "2026-08-07", "close": 24.48, "volume": 1603902, "typical_volume": 1355293.2, "trend": 25.578608, "fair_value": 21.337602, "relative_strength": -7.889844, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -31.186082, "energy": 40.209679, "activity_lines": [ 24.952, 25.672067, 25.948862, 25.817299 ] } ], "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." } } }