{
  "ticker": {
    "uuid": "4888e4bb-3cfd-40a9-8ff4-587397f0c748",
    "symbol": "MLHIN",
    "name": "Soci\u00e9t\u00e9 H\u00f4teli\u00e8re et Immobili\u00e8re de Nice S.A.",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 66.135,
    "architecture_energy": 65.884,
    "architecture_maturity": 72.715,
    "architecture_confidence": 88.857,
    "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": 9.61,
        "rotation_up": 60.54,
        "upward_expansion": 85.33,
        "deceleration": 65.09,
        "rotation_down": 24.18,
        "downward_expansion": 12.0
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 282.0,
    "trend_reference": 247.533333,
    "distance_from_trend": 0.139241,
    "trend_direction": "Improving",
    "fair_value": 215.255888,
    "distance_from_fair_value": 0.310069,
    "fair_value_direction": "Improving",
    "relative_strength": 13.447492,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.305556,
    "excess_performance": 0.252244,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.139241,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.091738,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.310069,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.090181,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.134475,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.025065,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.305556,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.4375,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 1.4375,
      "dry_up": 1.345238,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.031097,
      "annualized_volatility": 0.269466,
      "from_high_reference": -0.053691,
      "from_low_reference": 0.41
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    "levels": {
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      "fair_value_reference": 215.255888,
      "structural_low": 216.0,
      "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": 25,
        "median_return": -0.009091,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
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        "worst_return": -0.104545,
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        "horizon": "Intermediate",
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        "fair_value": 209.855423,
        "relative_strength": 15.95399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.749692,
        "energy": 92.185144,
        "activity_lines": [
          251.866667,
          245.236364,
          235.419048,
          229.47957
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      },
      {
        "date": "2026-05-15",
        "close": 256.0,
        "volume": 0,
        "typical_volume": 32.1,
        "trend": 223.933333,
        "fair_value": 210.226052,
        "relative_strength": 17.595926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.102245,
        "energy": 83.159992,
        "activity_lines": [
          254.533333,
          248.072727,
          238.009524,
          231.647312
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      },
      {
        "date": "2026-05-22",
        "close": 250.0,
        "volume": 15,
        "typical_volume": 32.85,
        "trend": 225.266667,
        "fair_value": 210.55822,
        "relative_strength": 12.223004,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.188912,
        "energy": 67.972618,
        "activity_lines": [
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          249.345455,
          239.847619,
          233.329032
        ]
      },
      {
        "date": "2026-05-29",
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        "volume": 33,
        "typical_volume": 32.75,
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        "fair_value": 210.94167,
        "relative_strength": 14.481931,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 80.066845,
        "energy": 71.748841,
        "activity_lines": [
          254.933333,
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          242.295238,
          235.44086
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      },
      {
        "date": "2026-06-05",
        "close": 236.0,
        "volume": 0,
        "typical_volume": 32.4,
        "trend": 227.466667,
        "fair_value": 211.057054,
        "relative_strength": 4.181114,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.581601,
        "energy": 51.777007,
        "activity_lines": [
          248.666667,
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          236.03871
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      },
      {
        "date": "2026-06-12",
        "close": 258.0,
        "volume": 0,
        "typical_volume": 32.4,
        "trend": 228.933333,
        "fair_value": 211.389688,
        "relative_strength": 11.706229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 0,
        "typical_volume": 32.4,
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        "fair_value": 211.773138,
        "relative_strength": 10.526682,
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        "energy": 54.215089,
        "activity_lines": [
          253.066667,
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      },
      {
        "date": "2026-06-26",
        "close": 272.0,
        "volume": 50,
        "typical_volume": 34.35,
        "trend": 233.133333,
        "fair_value": 212.195516,
        "relative_strength": 16.592714,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.715484,
        "energy": 69.956782,
        "activity_lines": [
          259.733333,
          256.618182,
          249.790476,
          242.541935
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      },
      {
        "date": "2026-07-03",
        "close": 280.0,
        "volume": 50,
        "typical_volume": 36.65,
        "trend": 235.733333,
        "fair_value": 212.669175,
        "relative_strength": 17.826698,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.980002,
        "energy": 93.551274,
        "activity_lines": [
          267.6,
          261.054545,
          253.409524,
          245.565591
        ]
      },
      {
        "date": "2026-07-10",
        "close": 298.0,
        "volume": 51,
        "typical_volume": 39.2,
        "trend": 238.666667,
        "fair_value": 213.258219,
        "relative_strength": 27.164599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.386879,
        "energy": 97.488433,
        "activity_lines": [
          280.0,
          268.363636,
          258.438095,
          249.582796
        ]
      },
      {
        "date": "2026-07-17",
        "close": 290.0,
        "volume": 111,
        "typical_volume": 34.95,
        "trend": 241.066667,
        "fair_value": 213.795982,
        "relative_strength": 23.085824,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.977788,
        "energy": 92.600736,
        "activity_lines": [
          285.6,
          273.418182,
          262.314286,
          252.894624
        ]
      },
      {
        "date": "2026-07-24",
        "close": 290.0,
        "volume": 0,
        "typical_volume": 30.4,
        "trend": 243.466667,
        "fair_value": 214.333744,
        "relative_strength": 22.049021,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.603167,
        "energy": 90.229082,
        "activity_lines": [
          289.066667,
          277.854545,
          265.838095,
          256.051613
        ]
      },
      {
        "date": "2026-07-31",
        "close": 282.0,
        "volume": 2,
        "typical_volume": 24.6,
        "trend": 245.6,
        "fair_value": 214.731296,
        "relative_strength": 16.514585,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.391301,
        "energy": 86.094017,
        "activity_lines": [
          287.733333,
          280.218182,
          268.314286,
          258.537634
        ]
      },
      {
        "date": "2026-08-07",
        "close": 282.0,
        "volume": 0,
        "typical_volume": 21.0,
        "trend": 247.533333,
        "fair_value": 215.255888,
        "relative_strength": 13.447492,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.135201,
        "energy": 65.883959,
        "activity_lines": [
          285.733333,
          282.0,
          270.542857,
          260.886022
        ]
      }
    ],
    "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."
    }
  }
}