{
  "ticker": {
    "uuid": "48930b4b-3046-42d0-bbea-6612120d9a5c",
    "symbol": "SABE",
    "name": "Saint Jean Groupe Soci\u00e9t\u00e9 anonyme",
    "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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 64.247,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 6.941,
    "architecture_energy": 9.894,
    "architecture_maturity": 30.331,
    "architecture_confidence": 69.506,
    "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": 60.38,
        "rotation_up": 22.28,
        "upward_expansion": 37.53,
        "deceleration": 79.52,
        "rotation_down": 31.76,
        "downward_expansion": 35.87
      },
      "activity_lines": [
        20.853334,
        21.010909,
        21.110476,
        20.973333
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 20.6,
    "trend_reference": 20.82,
    "distance_from_trend": -0.010567,
    "trend_direction": "Improving",
    "fair_value": 20.257729,
    "distance_from_fair_value": 0.016896,
    "fair_value_direction": "Improving",
    "relative_strength": -6.371241,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.0,
    "excess_performance": -0.053311,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.010567,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.00677,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.016896,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.002899,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.063712,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.064556,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.0,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.907074,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 429,
      "relative_activity": 0.6182,
      "balance": 2.907074,
      "dry_up": 1.183082,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.056759,
      "annualized_volatility": 0.297333,
      "from_high_reference": -0.096491,
      "from_low_reference": 0.125683
    },
    "levels": {
      "trend_reference": 20.82,
      "fair_value_reference": 20.257729,
      "structural_low": 19.299999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.013889,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.019019,
        "regime_survival": 0.333333,
        "best_return": 0.009709,
        "worst_return": -0.045872,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.055046,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.094514,
        "regime_survival": 0.333333,
        "best_return": -0.009709,
        "worst_return": -0.07767,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.049657,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.12759,
        "regime_survival": 0.5,
        "best_return": 0.029126,
        "worst_return": -0.12844,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.077766,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.093169,
        "regime_survival": 0.0,
        "best_return": -0.077766,
        "worst_return": -0.077766,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-12",
        "end": "2024-11-08",
        "tenure": "Established",
        "return": -0.029703,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.055837,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-17",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.028571,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.010204,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-13",
        "end": "2025-10-10",
        "tenure": "Established",
        "return": 0.079365,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-10-17",
        "end": "2025-10-31",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-07",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.040404,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-30",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.029126,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-27",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.02,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-01",
        "end": "2026-05-08",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-15",
        "end": "2026-05-22",
        "tenure": "New",
        "return": -0.087719,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-29",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": -0.035398,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.019048,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 1159.85,
        "trend": 18.701857,
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          20.28,
          20.418095,
          20.497204
        ]
      },
      {
        "date": "2026-05-08",
        "close": 20.4,
        "volume": 351,
        "typical_volume": 381.15,
        "trend": 20.553333,
        "fair_value": 20.118413,
        "relative_strength": 0.084407,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.7574,
        "energy": 17.799558,
        "activity_lines": [
          20.4,
          20.305455,
          20.400952,
          20.487312
        ]
      },
      {
        "date": "2026-05-15",
        "close": 22.799999,
        "volume": 7454,
        "typical_volume": 753.35,
        "trend": 20.62,
        "fair_value": 20.144044,
        "relative_strength": 13.788362,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 58.530887,
        "energy": 65.966479,
        "activity_lines": [
          21.2,
          20.770909,
          20.61619,
          20.632258
        ]
      },
      {
        "date": "2026-05-22",
        "close": 20.799999,
        "volume": 83,
        "typical_volume": 746.95,
        "trend": 20.62,
        "fair_value": 20.163198,
        "relative_strength": 1.697123,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 44.98911,
        "energy": 52.273359,
        "activity_lines": [
          21.173333,
          20.821818,
          20.633333,
          20.643871
        ]
      },
      {
        "date": "2026-05-29",
        "close": 22.6,
        "volume": 453,
        "typical_volume": 721.65,
        "trend": 20.68,
        "fair_value": 20.19389,
        "relative_strength": 9.390451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.07117,
        "energy": 78.873144,
        "activity_lines": [
          21.72,
          21.192727,
          20.823809,
          20.771613
        ]
      },
      {
        "date": "2026-06-05",
        "close": 21.0,
        "volume": 40,
        "typical_volume": 712.5,
        "trend": 20.72,
        "fair_value": 20.202908,
        "relative_strength": 1.20014,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.535234,
        "energy": 65.775372,
        "activity_lines": [
          21.586666,
          21.225454,
          20.855238,
          20.792258
        ]
      },
      {
        "date": "2026-06-12",
        "close": 21.799999,
        "volume": 50,
        "typical_volume": 670.45,
        "trend": 20.76,
        "fair_value": 20.22086,
        "relative_strength": 3.268056,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.52025,
        "energy": 43.497595,
        "activity_lines": [
          21.679999,
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          20.959047,
          20.861935
        ]
      },
      {
        "date": "2026-06-19",
        "close": 21.0,
        "volume": 0,
        "typical_volume": 637.05,
        "trend": 20.793333,
        "fair_value": 20.234953,
        "relative_strength": -1.285044,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.485855,
        "energy": 36.762088,
        "activity_lines": [
          21.413333,
          21.367272,
          20.980952,
          20.877419
        ]
      },
      {
        "date": "2026-06-26",
        "close": 21.799999,
        "volume": 874,
        "typical_volume": 636.25,
        "trend": 20.853333,
        "fair_value": 20.250347,
        "relative_strength": 2.868145,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.367999,
        "energy": 31.02327,
        "activity_lines": [
          21.533333,
          21.483636,
          21.077143,
          20.942365
        ]
      },
      {
        "date": "2026-07-03",
        "close": 21.0,
        "volume": 0,
        "typical_volume": 629.85,
        "trend": 20.86,
        "fair_value": 20.260614,
        "relative_strength": -2.312404,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.698874,
        "energy": 20.807786,
        "activity_lines": [
          21.32,
          21.42909,
          21.091428,
          20.951828
        ]
      },
      {
        "date": "2026-07-10",
        "close": 21.200001,
        "volume": 796,
        "typical_volume": 655.55,
        "trend": 20.866667,
        "fair_value": 20.274075,
        "relative_strength": 0.578243,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.428697,
        "energy": 16.760229,
        "activity_lines": [
          21.28,
          21.4,
          21.125714,
          20.973763
        ]
      },
      {
        "date": "2026-07-17",
        "close": 21.0,
        "volume": 389,
        "typical_volume": 599.8,
        "trend": 20.86,
        "fair_value": 20.265849,
        "relative_strength": -0.388093,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.759696,
        "energy": 14.770473,
        "activity_lines": [
          21.16,
          21.32,
          21.14,
          20.982365
        ]
      },
      {
        "date": "2026-07-24",
        "close": 20.6,
        "volume": 2395,
        "typical_volume": 682.8,
        "trend": 20.84,
        "fair_value": 20.26016,
        "relative_strength": -2.655029,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.443072,
        "energy": 13.285815,
        "activity_lines": [
          20.96,
          21.156364,
          21.114286,
          20.965591
        ]
      },
      {
        "date": "2026-07-31",
        "close": 21.200001,
        "volume": 71,
        "typical_volume": 683.1,
        "trend": 20.84,
        "fair_value": 20.260867,
        "relative_strength": -1.397009,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.827228,
        "energy": 11.398717,
        "activity_lines": [
          20.986667,
          21.141818,
          21.142857,
          20.988817
        ]
      },
      {
        "date": "2026-08-07",
        "close": 20.6,
        "volume": 429,
        "typical_volume": 693.95,
        "trend": 20.82,
        "fair_value": 20.257729,
        "relative_strength": -6.371241,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.940979,
        "energy": 9.894357,
        "activity_lines": [
          20.853334,
          21.010909,
          21.110476,
          20.973333
        ]
      }
    ],
    "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."
    }
  }
}