{
  "ticker": {
    "uuid": "4d101b62-3326-483f-8dea-187f90deb7de",
    "symbol": "CD5",
    "name": "Amundi Core EURO STOXX 50 UCITS ETF EUR Dist",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 83.978,
    "architecture_energy": 68.453,
    "architecture_maturity": 32.875,
    "architecture_confidence": 91.32,
    "architecture_tenure": "Developing",
    "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": 8.4,
        "rotation_up": 62.65,
        "upward_expansion": 85.31,
        "deceleration": 54.35,
        "rotation_down": 23.05,
        "downward_expansion": 11.98
      },
      "activity_lines": [
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        100.067905,
        98.199914
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 105.620003,
    "trend_reference": 96.388667,
    "distance_from_trend": 0.095772,
    "trend_direction": "Improving",
    "fair_value": 80.70354,
    "distance_from_fair_value": 0.308741,
    "fair_value_direction": "Improving",
    "relative_strength": 6.117195,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.111556,
    "excess_performance": 0.058244,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095772,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039253,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.308741,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.08821,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.061172,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.009663,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.111556,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.876624,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 23705,
      "relative_activity": 0.360751,
      "balance": 2.876624,
      "dry_up": 0.777807,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.024121,
      "annualized_volatility": 0.178595,
      "from_high_reference": -0.003585,
      "from_low_reference": 0.26812
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    "levels": {
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      "fair_value_reference": 80.70354,
      "structural_low": 85.43,
      "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": 39,
        "median_return": 0.00369,
        "positive_rate": 0.564103,
        "directional_follow_through": 0.564103,
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        "best_return": 0.103233,
        "worst_return": -0.086247,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.06186,
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        "horizon": "Extended",
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        "worst_return": -0.164791,
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        "horizon": "Full cycle",
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-05-01",
        "close": 93.919998,
        "volume": 22220,
        "typical_volume": 67032.25,
        "trend": 91.800103,
        "fair_value": 77.528642,
        "relative_strength": 4.247292,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 39.445197,
        "energy": 32.149284,
        "activity_lines": [
          94.22,
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          93.034953,
          92.664893
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      },
      {
        "date": "2026-05-08",
        "close": 94.870003,
        "volume": 86437,
        "typical_volume": 68277.0,
        "trend": 92.051267,
        "fair_value": 77.728501,
        "relative_strength": 5.150867,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 31.44701,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 93.699997,
        "volume": 77733,
        "typical_volume": 71856.35,
        "trend": 92.224104,
        "fair_value": 77.912223,
        "relative_strength": 5.757238,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 47.85723,
        "energy": 32.073685,
        "activity_lines": [
          94.251999,
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          93.232953,
          92.96932
        ]
      },
      {
        "date": "2026-05-22",
        "close": 97.089996,
        "volume": 90248,
        "typical_volume": 76030.9,
        "trend": 92.478394,
        "fair_value": 78.122763,
        "relative_strength": 7.165629,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 61.829372,
        "energy": 37.313771,
        "activity_lines": [
          95.098665,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 97.5,
        "volume": 150842,
        "typical_volume": 81132.0,
        "trend": 92.747996,
        "fair_value": 78.336819,
        "relative_strength": 6.537411,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 61.988149,
        "energy": 44.612754,
        "activity_lines": [
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          93.607223
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      },
      {
        "date": "2026-06-05",
        "close": 97.800003,
        "volume": 12320,
        "typical_volume": 80812.9,
        "trend": 93.077001,
        "fair_value": 78.556111,
        "relative_strength": 6.23276,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.341794,
        "energy": 55.853344,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 99.709999,
        "volume": 30089,
        "typical_volume": 80825.15,
        "trend": 93.400118,
        "fair_value": 78.776819,
        "relative_strength": 6.381668,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.482024,
        "energy": 71.309798,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 101.68,
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        "typical_volume": 79083.2,
        "trend": 93.882507,
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        "relative_strength": 7.349149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 79.212151,
        "energy": 79.522971,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 100.559998,
        "volume": 2313,
        "typical_volume": 76492.25,
        "trend": 94.245008,
        "fair_value": 79.249211,
        "relative_strength": 6.423515,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.025175,
        "energy": 78.305978,
        "activity_lines": [
          100.116666,
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          96.149047,
          95.326086
        ]
      },
      {
        "date": "2026-07-03",
        "close": 103.580002,
        "volume": 4371,
        "typical_volume": 74954.35,
        "trend": 94.676,
        "fair_value": 79.510288,
        "relative_strength": 7.780509,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.341717,
        "energy": 87.420738,
        "activity_lines": [
          101.493334,
          99.630363,
          96.978286,
          95.928344
        ]
      },
      {
        "date": "2026-07-10",
        "close": 101.379997,
        "volume": 26566,
        "typical_volume": 75466.4,
        "trend": 95.033,
        "fair_value": 79.741228,
        "relative_strength": 7.383453,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.297282,
        "energy": 80.484226,
        "activity_lines": [
          101.731332,
          100.237454,
          97.556857,
          96.36086
        ]
      },
      {
        "date": "2026-07-17",
        "close": 100.779999,
        "volume": 52657,
        "typical_volume": 76527.95,
        "trend": 95.349333,
        "fair_value": 79.969447,
        "relative_strength": 6.51338,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.907053,
        "energy": 70.935589,
        "activity_lines": [
          101.530666,
          100.599817,
          98.058285,
          96.731634
        ]
      },
      {
        "date": "2026-07-24",
        "close": 101.540001,
        "volume": 39830,
        "typical_volume": 71029.35,
        "trend": 95.697667,
        "fair_value": 80.193781,
        "relative_strength": 6.641947,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.625248,
        "energy": 60.408275,
        "activity_lines": [
          101.512,
          100.992909,
          98.616428,
          97.131032
        ]
      },
      {
        "date": "2026-07-31",
        "close": 102.68,
        "volume": 88247,
        "typical_volume": 69961.45,
        "trend": 96.034667,
        "fair_value": 80.438616,
        "relative_strength": 5.870807,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.84674,
        "energy": 53.876627,
        "activity_lines": [
          101.882666,
          101.450727,
          99.230857,
          97.581505
        ]
      },
      {
        "date": "2026-08-07",
        "close": 105.620003,
        "volume": 23705,
        "typical_volume": 65710.1,
        "trend": 96.388667,
        "fair_value": 80.70354,
        "relative_strength": 6.117195,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.977776,
        "energy": 68.452637,
        "activity_lines": [
          103.092001,
          102.341455,
          100.067905,
          98.199914
        ]
      }
    ],
    "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."
    }
  }
}