{ "ticker": { "uuid": "374c2fb5-5b36-4044-849f-b08e9aa76a58", "symbol": "PAR", "name": "Paref 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "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": -65.201, "architecture_energy": 64.314, "architecture_maturity": 100.0, "architecture_confidence": 89.275, "architecture_tenure": "Extended", "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": 8.74, "rotation_up": 25.92, "upward_expansion": 11.91, "deceleration": 60.35, "rotation_down": 57.71, "downward_expansion": 85.24 }, "activity_lines": [ 23.76, 23.974546, 24.498095, 25.204516 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 24.0, "trend_reference": 26.66, "distance_from_trend": -0.099775, "trend_direction": "Weakening", "fair_value": 37.390772, "distance_from_fair_value": -0.35813, "fair_value_direction": "Weakening", "relative_strength": -26.866358, "relative_strength_direction": "Weakening", "price_momentum": -0.230769, "excess_performance": -0.284081, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.099775, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.111136, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.35813, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.00329, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.268664, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.003414, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.230769, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.487679, "read": "Demand-led" } ], "volume": { "latest": 1775, "relative_activity": 1.931027, "balance": 2.487679, "dry_up": 2.218777, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.027564, "annualized_volatility": 0.189633, "from_high_reference": -0.410319, "from_low_reference": 0.043478 }, "levels": { "trend_reference": 26.66, "fair_value_reference": 37.390772, "structural_low": 23.0, 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93.984841, "activity_lines": [ 24.266667, 24.64, 25.145714, 26.169892 ] }, { "date": "2026-07-17", "close": 23.200001, "volume": 943, "typical_volume": 658.7, "trend": 27.58, "fair_value": 37.899019, "relative_strength": -28.61772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.634822, "energy": 96.032821, "activity_lines": [ 23.826667, 24.327273, 24.901429, 25.867527 ] }, { "date": "2026-07-24", "close": 24.0, "volume": 5178, "typical_volume": 849.4, "trend": 27.293333, "fair_value": 37.72347, "relative_strength": -25.629899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.280748, "energy": 88.228527, "activity_lines": [ 23.773334, 24.203637, 24.760952, 25.636559 ] }, { "date": "2026-07-31", "close": 23.6, "volume": 262, "typical_volume": 850.3, "trend": 27.003333, "fair_value": 37.557336, "relative_strength": -27.194379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.996558, "energy": 87.189443, "activity_lines": [ 23.653334, 24.04, 24.600476, 25.398279 ] }, { "date": "2026-08-07", "close": 24.0, "volume": 1775, "typical_volume": 919.2, "trend": 26.66, "fair_value": 37.390772, "relative_strength": -26.866358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.201313, "energy": 64.313518, "activity_lines": [ 23.76, 23.974546, 24.498095, 25.204516 ] } ], "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." } } }