{
  "ticker": {
    "uuid": "49a30764-d819-49c8-ad61-d2b77f650110",
    "symbol": "BASS",
    "name": "BASSAC 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 90.957,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -33.626,
    "architecture_energy": 18.809,
    "architecture_maturity": 69.007,
    "architecture_confidence": 85.205,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 37.66,
        "rotation_up": 27.38,
        "upward_expansion": 15.88,
        "deceleration": 42.45,
        "rotation_down": 32.92,
        "downward_expansion": 63.55
      },
      "activity_lines": [
        44.886666,
        44.68,
        45.083685,
        45.606564
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 45.799999,
    "trend_reference": 46.717029,
    "distance_from_trend": -0.019629,
    "trend_direction": "Weakening",
    "fair_value": 46.046789,
    "distance_from_fair_value": -0.00536,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.820981,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.082004,
    "excess_performance": -0.135316,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.019629,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.021965,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.00536,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.038661,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.10821,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023244,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.082004,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.542715,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 7781,
      "relative_activity": 1.008372,
      "balance": 1.542715,
      "dry_up": 1.193432,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.03618,
      "annualized_volatility": 0.222372,
      "from_high_reference": -0.214467,
      "from_low_reference": 0.128079
    },
    "levels": {
      "trend_reference": 46.717029,
      "fair_value_reference": 46.046789,
      "structural_low": 40.599998,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 26,
        "median_return": 0.001111,
        "positive_rate": 0.5,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.018937,
        "regime_survival": 0.769231,
        "best_return": 0.295,
        "worst_return": -0.177273,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.038936,
        "positive_rate": 0.363636,
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        "median_excess_return": -0.039824,
        "regime_survival": 0.727273,
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        "worst_return": -0.149068,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.015115,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.018548,
        "regime_survival": 0.5,
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        "worst_return": -0.251553,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.078262,
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        "worst_return": -0.148825,
        "sufficient": false
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    ],
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      {
        "regime": "upward_expansion",
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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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      },
      {
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        "fair_value": 45.979602,
        "relative_strength": -11.933091,
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      },
      {
        "date": "2026-07-17",
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        "volume": 5812,
        "typical_volume": 8392.95,
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        "fair_value": 45.997222,
        "relative_strength": -10.356709,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.384173,
        "energy": 46.202126,
        "activity_lines": [
          44.54,
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          45.279679,
          46.038322
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      },
      {
        "date": "2026-07-24",
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        "volume": 14651,
        "typical_volume": 8403.7,
        "trend": 47.020217,
        "fair_value": 46.006126,
        "relative_strength": -11.678109,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.425565,
        "energy": 35.48225,
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          44.46,
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          45.143996,
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      },
      {
        "date": "2026-07-31",
        "close": 44.299999,
        "volume": 8592,
        "typical_volume": 8097.35,
        "trend": 46.827319,
        "fair_value": 46.020454,
        "relative_strength": -12.254188,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.636244,
        "energy": 32.175713,
        "activity_lines": [
          44.433333,
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          45.038882,
          45.672842
        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.799999,
        "volume": 7781,
        "typical_volume": 7716.4,
        "trend": 46.717029,
        "fair_value": 46.046789,
        "relative_strength": -10.820981,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.626452,
        "energy": 18.808673,
        "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."
    }
  }
}