{
  "ticker": {
    "uuid": "3af19c0f-a5e0-49e2-a214-48d5ba447f74",
    "symbol": "AIR",
    "name": "Airbus 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": 80.415,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 80.913,
    "architecture_energy": 76.962,
    "architecture_maturity": 15.127,
    "architecture_confidence": 82.605,
    "architecture_tenure": "New",
    "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": 14.79,
        "rotation_up": 74.12,
        "upward_expansion": 92.1,
        "deceleration": 43.95,
        "rotation_down": 13.72,
        "downward_expansion": 16.43
      },
      "activity_lines": [
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        185.871703
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 213.600006,
    "trend_reference": 183.492069,
    "distance_from_trend": 0.164083,
    "trend_direction": "Weakening",
    "fair_value": 157.870068,
    "distance_from_fair_value": 0.353011,
    "fair_value_direction": "Improving",
    "relative_strength": 6.040516,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.137203,
    "excess_performance": 0.083891,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.164083,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.004967,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.353011,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.171598,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.060405,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.089272,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.137203,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.406524,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4894665,
      "relative_activity": 0.977653,
      "balance": 1.406524,
      "dry_up": 1.014661,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.053839,
      "annualized_volatility": 0.298456,
      "from_high_reference": -0.016959,
      "from_low_reference": 0.381952
    },
    "levels": {
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      "fair_value_reference": 157.870068,
      "structural_low": 154.563989,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 32,
        "median_return": 0.009477,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.000868,
        "regime_survival": 0.75,
        "best_return": 0.133927,
        "worst_return": -0.202955,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
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        "regime_survival": 0.615385,
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        "worst_return": -0.182854,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "directional_follow_through": 1.0,
        "median_excess_return": 0.06318,
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        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": -0.136068,
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": 2.844363,
        "stage": 3,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 5356287.45,
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        "fair_value": 156.275053,
        "relative_strength": 1.319449,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 37.523058,
        "energy": 63.822472,
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      },
      {
        "date": "2026-07-24",
        "close": 206.050003,
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        "typical_volume": 5271129.1,
        "trend": 183.347131,
        "fair_value": 156.788664,
        "relative_strength": 6.824912,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 49.64201,
        "energy": 68.501608,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 201.949997,
        "volume": 5313178,
        "typical_volume": 5198721.7,
        "trend": 183.411986,
        "fair_value": 157.291845,
        "relative_strength": 2.860768,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 65.264761,
        "energy": 64.469076,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 213.600006,
        "volume": 4894665,
        "typical_volume": 5006548.75,
        "trend": 183.492069,
        "fair_value": 157.870068,
        "relative_strength": 6.040516,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.913126,
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        "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."
    }
  }
}