{ "ticker": { "uuid": "4cf8163b-3a19-47d6-87e6-5931335a8285", "symbol": "NANO", "name": "Nanobiotix 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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 46.418, "architecture_energy": 24.678, "architecture_maturity": 40.483, "architecture_confidence": 67.612, "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": 41.57, "rotation_up": 39.72, "upward_expansion": 73.26, "deceleration": 65.45, "rotation_down": 23.15, "downward_expansion": 2.26 }, "activity_lines": [ 33.971999, 33.567636, 33.320857, 31.80286 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 33.459999, "trend_reference": 28.948667, "distance_from_trend": 0.155839, "trend_direction": "Improving", "fair_value": 11.076538, "distance_from_fair_value": 2.020799, "fair_value_direction": "Weakening", "relative_strength": 35.003673, "relative_strength_direction": "Weakening", "price_momentum": 0.865106, "excess_performance": 0.811794, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.155839, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.200492, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 2.020799, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.21713, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.350037, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.964644, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.865106, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.695565, "read": "Supply-led" } ], "volume": { "latest": 504782, "relative_activity": 0.618103, "balance": 0.695565, "dry_up": 0.693423, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.156237, "annualized_volatility": 0.702774, "from_high_reference": -0.297944, "from_low_reference": 4.388084 }, "levels": { "trend_reference": 28.948667, "fair_value_reference": 11.076538, "structural_low": 18.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": 0.081765, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.060511, "regime_survival": 0.25, "best_return": 0.477663, "worst_return": -0.12987, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.137987, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.072076, "regime_survival": 0.0, "best_return": 0.644903, "worst_return": -0.142981, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.149351, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.293178, "regime_survival": 0.333333, "best_return": 0.942726, "worst_return": -0.24406, "sufficient": false }, { "horizon": "Full cycle", 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671486, "typical_volume": 997717.95, "trend": 27.417333, "fair_value": 10.564744, "relative_strength": 48.716585, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.983781, "energy": 29.317303, "activity_lines": [ 33.614667, 33.164, 32.593286, 30.599678 ] }, { "date": "2026-07-24", "close": 35.040001, "volume": 600630, "typical_volume": 926824.3, "trend": 27.928, "fair_value": 10.742372, "relative_strength": 53.633004, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.500942, "energy": 33.650341, "activity_lines": [ 34.306667, 33.340364, 32.949857, 31.091463 ] }, { "date": "2026-07-31", "close": 33.919998, "volume": 488274, "typical_volume": 835289.65, "trend": 28.425333, "fair_value": 10.916026, "relative_strength": 43.082599, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.299537, "energy": 28.614282, "activity_lines": [ 34.310666, 33.472727, 33.169333, 31.478043 ] }, { "date": "2026-08-07", "close": 33.459999, "volume": 504782, "typical_volume": 816662.8, "trend": 28.948667, "fair_value": 11.076538, "relative_strength": 35.003673, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.418488, "energy": 24.678331, "activity_lines": [ 33.971999, 33.567636, 33.320857, 31.80286 ] } ], "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." } } }