{
  "ticker": {
    "uuid": "34e68f7b-3fb1-4ac7-98af-70c9b914e5be",
    "symbol": "ALHOP",
    "name": "Hopscotch Global PR Group",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 75.695,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": -0.226,
    "architecture_energy": 26.991,
    "architecture_maturity": 63.507,
    "architecture_confidence": 91.589,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 50.03,
        "rotation_up": 14.01,
        "upward_expansion": 43.23,
        "deceleration": 87.96,
        "rotation_down": 51.93,
        "downward_expansion": 39.57
      },
      "activity_lines": [
        14.866667,
        15.882344,
        15.975052,
        15.253856
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 14.85,
    "trend_reference": 14.398773,
    "distance_from_trend": 0.031338,
    "trend_direction": "Improving",
    "fair_value": 16.46063,
    "distance_from_fair_value": -0.097847,
    "fair_value_direction": "Improving",
    "relative_strength": -2.072918,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.197581,
    "excess_performance": 0.144269,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.031338,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.090816,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.097847,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.060703,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.020729,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.026598,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.197581,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.048088,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2690,
      "relative_activity": 1.028189,
      "balance": 1.048088,
      "dry_up": 0.871094,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.086038,
      "annualized_volatility": 0.43655,
      "from_high_reference": -0.232201,
      "from_low_reference": 0.463054
    },
    "levels": {
      "trend_reference": 14.398773,
      "fair_value_reference": 16.46063,
      "structural_low": 10.15,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.056872,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": 0.035279,
        "regime_survival": 0.363636,
        "best_return": 0.114942,
        "worst_return": -0.061905,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.071429,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.01164,
        "regime_survival": 0.142857,
        "best_return": 0.658537,
        "worst_return": -0.099526,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.417857,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.150205,
        "regime_survival": 0.0,
        "best_return": 0.902439,
        "worst_return": -0.221825,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.276418,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.080827,
        "regime_survival": 0.0,
        "best_return": 0.559524,
        "worst_return": 0.034189,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-12",
        "end": "2024-07-26",
        "tenure": "New",
        "return": 0.075829,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-02",
        "end": "2024-10-04",
        "tenure": "Developing",
        "return": -0.148472,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-11",
        "end": "2024-11-01",
        "tenure": "New",
        "return": 0.034211,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-08",
        "end": "2025-02-21",
        "tenure": "Established",
        "return": -0.05291,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.036517,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.127451,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.197674,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-06",
        "end": "2025-06-27",
        "tenure": "New",
        "return": -0.056911,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-04",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.112426,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-15",
        "end": "2026-04-17",
        "tenure": "Extended",
        "return": -0.151613,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-08",
        "end": "2026-05-22",
        "tenure": "New",
        "return": 0.144404,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-29",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": -0.157143,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.010204,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 3674.25,
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        "trend": 12.933333,
        "fair_value": 16.500143,
        "relative_strength": -7.854196,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.031803,
        "energy": 16.605272,
        "activity_lines": [
          12.866667,
          12.489091,
          12.6,
          12.735699
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      },
      {
        "date": "2026-05-01",
        "close": 13.6,
        "volume": 2202,
        "typical_volume": 2756.5,
        "trend": 12.923333,
        "fair_value": 16.476929,
        "relative_strength": -6.909455,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.392868,
        "energy": 31.593593,
        "activity_lines": [
          13.273333,
          12.696364,
          12.679524,
          12.77871
        ]
      },
      {
        "date": "2026-05-08",
        "close": 13.85,
        "volume": 2372,
        "typical_volume": 2827.2,
        "trend": 12.946667,
        "fair_value": 16.459687,
        "relative_strength": -4.732682,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.966,
        "energy": 40.236187,
        "activity_lines": [
          13.556667,
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          12.838495
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      },
      {
        "date": "2026-05-15",
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        "volume": 4206,
        "typical_volume": 3017.35,
        "trend": 12.991667,
        "fair_value": 16.451592,
        "relative_strength": 2.500846,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 51.178614,
        "energy": 66.784773,
        "activity_lines": [
          13.953333,
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      },
      {
        "date": "2026-05-22",
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        "volume": 7438,
        "typical_volume": 3238.6,
        "trend": 13.07,
        "fair_value": 16.454453,
        "relative_strength": 9.783529,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 89.584955,
        "energy": 86.475658,
        "activity_lines": [
          14.653333,
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          13.229524,
          13.126344
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      },
      {
        "date": "2026-05-29",
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        "volume": 3418,
        "typical_volume": 3357.6,
        "trend": 13.2,
        "fair_value": 16.462356,
        "relative_strength": 20.759525,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.926587,
        "energy": 95.676018,
        "activity_lines": [
          15.723333,
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          13.412151
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      },
      {
        "date": "2026-06-05",
        "close": 18.028933,
        "volume": 742,
        "typical_volume": 3356.1,
        "trend": 13.350964,
        "fair_value": 16.471319,
        "relative_strength": 23.991985,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 92.949036,
        "energy": 97.045223,
        "activity_lines": [
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          13.723695
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      },
      {
        "date": "2026-06-12",
        "close": 19.24382,
        "volume": 1344,
        "typical_volume": 3320.95,
        "trend": 13.559092,
        "fair_value": 16.48574,
        "relative_strength": 30.140394,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.302704,
        "energy": 97.85059,
        "activity_lines": [
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          14.103879
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      },
      {
        "date": "2026-06-19",
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        "volume": 892,
        "typical_volume": 3127.5,
        "trend": 13.75574,
        "fair_value": 16.502993,
        "relative_strength": 27.631141,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.496006,
        "energy": 93.747369,
        "activity_lines": [
          18.477285,
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          14.458095
        ]
      },
      {
        "date": "2026-06-26",
        "close": 19.341011,
        "volume": 56,
        "typical_volume": 2167.2,
        "trend": 13.97044,
        "fair_value": 16.517163,
        "relative_strength": 29.964063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.742476,
        "energy": 92.805664,
        "activity_lines": [
          18.946142,
          17.632875,
          15.670667,
          14.818435
        ]
      },
      {
        "date": "2026-07-03",
        "close": 17.299999,
        "volume": 247,
        "typical_volume": 2057.85,
        "trend": 14.12044,
        "fair_value": 16.518808,
        "relative_strength": 14.768004,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.391983,
        "energy": 86.296999,
        "activity_lines": [
          18.501928,
          17.785362,
          15.943938,
          15.033245
        ]
      },
      {
        "date": "2026-07-10",
        "close": 15.35,
        "volume": 7678,
        "typical_volume": 2349.9,
        "trend": 14.197107,
        "fair_value": 16.508851,
        "relative_strength": 4.314399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.98469,
        "energy": 53.634546,
        "activity_lines": [
          17.421048,
          17.516031,
          16.011018,
          15.112572
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      },
      {
        "date": "2026-07-17",
        "close": 14.75,
        "volume": 4507,
        "typical_volume": 2547.9,
        "trend": 14.242107,
        "fair_value": 16.497443,
        "relative_strength": 0.675493,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 31.904366,
        "energy": 29.228598,
        "activity_lines": [
          16.318764,
          17.105791,
          16.010241,
          15.148242
        ]
      },
      {
        "date": "2026-07-24",
        "close": 14.7,
        "volume": 1142,
        "typical_volume": 2557.5,
        "trend": 14.282107,
        "fair_value": 16.48751,
        "relative_strength": 0.33176,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.714925,
        "energy": 34.819806,
        "activity_lines": [
          15.499401,
          16.670097,
          15.996368,
          15.177784
        ]
      },
      {
        "date": "2026-07-31",
        "close": 14.95,
        "volume": 777,
        "typical_volume": 2519.1,
        "trend": 14.338773,
        "fair_value": 16.475588,
        "relative_strength": 0.705249,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.132877,
        "energy": 34.333084,
        "activity_lines": [
          15.053333,
          16.27713,
          15.997258,
          15.220873
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.85,
        "volume": 2690,
        "typical_volume": 2616.25,
        "trend": 14.398773,
        "fair_value": 16.46063,
        "relative_strength": -2.072918,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.225654,
        "energy": 26.990528,
        "activity_lines": [
          14.866667,
          15.882344,
          15.975052,
          15.253856
        ]
      }
    ],
    "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."
    }
  }
}