{
  "ticker": {
    "uuid": "452ea645-47af-47f3-8558-2980eb729c10",
    "symbol": "BJLB",
    "name": "BNP Paribas EASY ECPI Global ESG Infrastructure UCITS ETF USD",
    "exchange": "GER",
    "country": "DE",
    "assetType": "etf"
  },
  "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": "^GDAXI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 62.525,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 50.472,
    "architecture_energy": 25.348,
    "architecture_maturity": 38.478,
    "architecture_confidence": 86.044,
    "architecture_tenure": "Developing",
    "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": 44.32,
        "rotation_up": 34.9,
        "upward_expansion": 57.96,
        "deceleration": 88.7,
        "rotation_down": 28.52,
        "downward_expansion": 17.3
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
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    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.296238,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.399723,
    "relative_strength_direction": "Weakening",
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        "label": "Price vs current Fair Value",
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        "value": 0.296238,
        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.035449,
        "read": "Moving away"
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        "label": "Relative Strength vs benchmark",
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        "value": 0.003997,
        "read": "Leading"
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      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.1287,
        "read": "Weakening"
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      {
        "label": "Price momentum",
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        "value": 0.063425,
        "read": "Positive"
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      {
        "label": "Volume balance",
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        "value": 1.589286,
        "read": "Demand-led"
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    "volume": {
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      "balance": 1.589286,
      "dry_up": 1.871875,
      "accumulation_observations": 3,
      "distribution_observations": 3
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      "annualized_volatility": 0.130199,
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      "structural_low": 14.982,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 2,
        "median_return": 0.015909,
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        "regime": "upward_expansion",
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      {
        "date": "2026-07-03",
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        "fair_value": 12.654915,
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        "energy": 22.899152,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 16.188,
        "volume": 1512,
        "typical_volume": 1836.5,
        "trend": 15.860667,
        "fair_value": 12.679796,
        "relative_strength": 4.960757,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.065057,
        "energy": 18.40729,
        "activity_lines": [
          16.207733,
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          16.248924,
          16.121652
        ]
      },
      {
        "date": "2026-07-24",
        "close": 16.112,
        "volume": 1371,
        "typical_volume": 1006.1,
        "trend": 15.905667,
        "fair_value": 12.703797,
        "relative_strength": 3.065153,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.892292,
        "energy": 11.057108,
        "activity_lines": [
          16.178667,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 16.129999,
        "volume": 4724,
        "typical_volume": 1156.65,
        "trend": 15.951534,
        "fair_value": 12.72759,
        "relative_strength": 0.827218,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.25243,
        "energy": 11.140854,
        "activity_lines": [
          16.156933,
          16.200218,
          16.24841,
          16.15234
        ]
      },
      {
        "date": "2026-08-07",
        "close": 16.532,
        "volume": 1378,
        "typical_volume": 1200.0,
        "trend": 16.009667,
        "fair_value": 12.753828,
        "relative_strength": 0.399723,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.472009,
        "energy": 25.34844,
        "activity_lines": [
          16.2732,
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          16.283705,
          16.189789
        ]
      }
    ],
    "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."
    }
  }
}