{
  "ticker": {
    "uuid": "49115504-3427-402f-b418-6aee2642b82a",
    "symbol": "MCEU",
    "name": "Amundi Index Solutions - Amundi MSCI Europe Momentum Factor UCITS ETF-C",
    "exchange": "PAR",
    "country": "FR",
    "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": "^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": 60.717,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 64.929,
    "architecture_energy": 40.59,
    "architecture_maturity": 59.117,
    "architecture_confidence": 57.89,
    "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": 26.04,
        "rotation_up": 46.33,
        "upward_expansion": 74.25,
        "deceleration": 66.28,
        "rotation_down": 26.99,
        "downward_expansion": 9.92
      },
      "activity_lines": [
        151.025333,
        150.938544,
        149.64438,
        147.91316
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 152.199997,
    "trend_reference": 146.354666,
    "distance_from_trend": 0.039939,
    "trend_direction": "Improving",
    "fair_value": 117.227336,
    "distance_from_fair_value": 0.298332,
    "fair_value_direction": "Weakening",
    "relative_strength": 1.2178,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.045617,
    "excess_performance": -0.007694,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.039939,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036545,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.298332,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.000917,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.012178,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.053481,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.045617,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.400489,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 949,
      "relative_activity": 0.212833,
      "balance": 0.400489,
      "dry_up": 0.226513,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.02059,
      "annualized_volatility": 0.181893,
      "from_high_reference": -0.009244,
      "from_low_reference": 0.204304
    },
    "levels": {
      "trend_reference": 146.354666,
      "fair_value_reference": 117.227336,
      "structural_low": 129.339996,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 42,
        "median_return": 0.012078,
        "positive_rate": 0.619048,
        "directional_follow_through": 0.619048,
        "median_excess_return": 0.007832,
        "regime_survival": 0.833333,
        "best_return": 0.068745,
        "worst_return": -0.106808,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": 0.018482,
        "positive_rate": 0.785714,
        "directional_follow_through": 0.785714,
        "median_excess_return": 0.021845,
        "regime_survival": 0.714286,
        "best_return": 0.118749,
        "worst_return": -0.065645,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.074808,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.051639,
        "regime_survival": 0.75,
        "best_return": 0.159109,
        "worst_return": -0.144137,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.170706,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.120925,
        "regime_survival": 0.75,
        "best_return": 0.292631,
        "worst_return": -0.087592,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-06-09",
        "end": "2023-09-01",
        "tenure": "Established",
        "return": 0.006078,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-09-08",
        "end": "2023-10-20",
        "tenure": "Developing",
        "return": -0.035094,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-10-27",
        "end": "2023-11-24",
        "tenure": "Developing",
        "return": 0.074955,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-09-27",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "deceleration",
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        "end": "2024-11-29",
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        "active": false
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        "active": false
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        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "active": false
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      },
      {
        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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      },
      {
        "date": "2026-05-29",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 5.461635,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 5988.5,
        "trend": 144.907333,
        "fair_value": 115.581695,
        "relative_strength": 4.986898,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 61.728146,
        "energy": 67.036099,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 148.800003,
        "volume": 1233,
        "typical_volume": 5764.85,
        "trend": 145.280666,
        "fair_value": 115.980349,
        "relative_strength": 3.860282,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.420041,
        "energy": 44.577434,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 151.360001,
        "volume": 561,
        "typical_volume": 4795.8,
        "trend": 145.734,
        "fair_value": 116.386631,
        "relative_strength": 4.997372,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.315655,
        "energy": 45.242223,
        "activity_lines": [
          150.632,
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          147.201849
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      },
      {
        "date": "2026-07-31",
        "close": 150.639999,
        "volume": 1297,
        "typical_volume": 4550.65,
        "trend": 146.080666,
        "fair_value": 116.803362,
        "relative_strength": 2.688581,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.947169,
        "energy": 31.248951,
        "activity_lines": [
          150.590667,
          150.591999,
          149.131809,
          147.518365
        ]
      },
      {
        "date": "2026-08-07",
        "close": 152.199997,
        "volume": 949,
        "typical_volume": 4458.9,
        "trend": 146.354666,
        "fair_value": 117.227336,
        "relative_strength": 1.2178,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.928817,
        "energy": 40.590398,
        "activity_lines": [
          151.025333,
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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."
    }
  }
}