{
  "ticker": {
    "uuid": "4d8fdef5-0ea5-4ac5-a720-ddbe59f868d3",
    "symbol": "SPEUH",
    "name": "BNP PARIBAS Easy ICAV - BNP Paribas Easy S&P 500 Scored and Screened UCITS ETF UCITS ETF HEURCAP",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 87.372,
    "architecture_energy": 63.0,
    "architecture_maturity": 51.129,
    "architecture_confidence": 72.013,
    "architecture_tenure": "New",
    "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": {
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        "rotation_up": 53.39,
        "upward_expansion": 80.99,
        "deceleration": 71.01,
        "rotation_down": 28.2,
        "downward_expansion": 9.99
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
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    "latest_close": 15.9617,
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    "distance_from_trend": 0.088233,
    "trend_direction": "Improving",
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    "fair_value_direction": "Improving",
    "relative_strength": 4.664642,
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        "read": "Rising"
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        "label": "Price vs current Fair Value",
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        "value": 0.256312,
        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.038931,
        "read": "Closing upward"
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      {
        "label": "Relative Strength vs benchmark",
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        "read": "Leading"
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      {
        "label": "Relative strength direction",
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        "value": -0.055587,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.114333,
        "read": "Positive"
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      {
        "label": "Volume balance",
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        "value": 3.343302,
        "read": "Demand-led"
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      "balance": 3.343302,
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      "accumulation_observations": 2,
      "distribution_observations": 1
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      "annualized_volatility": 0.12797,
      "from_high_reference": -0.003272,
      "from_low_reference": 0.230265
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      "fair_value_reference": 12.705206,
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      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "sample_count": 1,
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        "trend": 14.261063,
        "fair_value": 12.509386,
        "relative_strength": 8.489406,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.895223,
        "energy": 86.45517,
        "activity_lines": [
          15.3122,
          15.065311,
          14.589389,
          14.439973
        ]
      },
      {
        "date": "2026-06-12",
        "close": 15.3576,
        "volume": 19501,
        "typical_volume": 106321.25,
        "trend": 14.310107,
        "fair_value": 12.532356,
        "relative_strength": 6.813978,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.921273,
        "energy": 81.276444,
        "activity_lines": [
          15.3399,
          15.171933,
          14.683886,
          14.510717
        ]
      },
      {
        "date": "2026-06-19",
        "close": 15.4214,
        "volume": 49998,
        "typical_volume": 105706.45,
        "trend": 14.37205,
        "fair_value": 12.555468,
        "relative_strength": 6.080667,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.375672,
        "energy": 78.800728,
        "activity_lines": [
          15.37262,
          15.256782,
          14.779286,
          14.582414
        ]
      },
      {
        "date": "2026-06-26",
        "close": 15.2647,
        "volume": 9934,
        "typical_volume": 104245.7,
        "trend": 14.414107,
        "fair_value": 12.57697,
        "relative_strength": 5.226511,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.127843,
        "energy": 65.152717,
        "activity_lines": [
          15.34112,
          15.286085,
          14.854173,
          14.640004
        ]
      },
      {
        "date": "2026-07-03",
        "close": 15.3828,
        "volume": 9940,
        "typical_volume": 104672.9,
        "trend": 14.45699,
        "fair_value": 12.599063,
        "relative_strength": 4.311911,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.950513,
        "energy": 64.236761,
        "activity_lines": [
          15.3506,
          15.324345,
          14.935828,
          14.7025
        ]
      },
      {
        "date": "2026-07-10",
        "close": 15.3893,
        "volume": 55459,
        "typical_volume": 105993.1,
        "trend": 14.502207,
        "fair_value": 12.620862,
        "relative_strength": 6.20444,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.969932,
        "energy": 63.391835,
        "activity_lines": [
          15.364813,
          15.349713,
          15.012378,
          14.762649
        ]
      },
      {
        "date": "2026-07-17",
        "close": 15.2081,
        "volume": 94656,
        "typical_volume": 109012.75,
        "trend": 14.541587,
        "fair_value": 12.640918,
        "relative_strength": 4.729315,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.936107,
        "energy": 55.168099,
        "activity_lines": [
          15.313127,
          15.32958,
          15.065907,
          14.808191
        ]
      },
      {
        "date": "2026-07-24",
        "close": 15.1838,
        "volume": 44544,
        "typical_volume": 102393.6,
        "trend": 14.57428,
        "fair_value": 12.660478,
        "relative_strength": 3.959259,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.460594,
        "energy": 49.069192,
        "activity_lines": [
          15.263307,
          15.303316,
          15.1123,
          14.849624
        ]
      },
      {
        "date": "2026-07-31",
        "close": 15.2633,
        "volume": 35059,
        "typical_volume": 97763.15,
        "trend": 14.612527,
        "fair_value": 12.680347,
        "relative_strength": 2.689334,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.107288,
        "energy": 39.705835,
        "activity_lines": [
          15.255827,
          15.292558,
          15.160015,
          14.894077
        ]
      },
      {
        "date": "2026-08-07",
        "close": 15.9617,
        "volume": 47557,
        "typical_volume": 86719.95,
        "trend": 14.66754,
        "fair_value": 12.705206,
        "relative_strength": 4.664642,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 87.372499,
        "energy": 63.000389,
        "activity_lines": [
          15.48124,
          15.409247,
          15.266666,
          14.98112
        ]
      }
    ],
    "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."
    }
  }
}