{ "ticker": { "uuid": "4f2e859c-5ab9-46bb-9e6a-7fc42edbaef9", "symbol": "EMBH", "name": "BNP Paribas Easy JPM Screened EMBI Global Diversified Composite UCITS ETF H EUR Capitalisation", "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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "mixed", "architecture_direction": 1.371, "architecture_energy": 18.851, "architecture_maturity": 55.323, "architecture_confidence": 67.597, "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": 57.66, "rotation_up": 15.3, "upward_expansion": 22.95, "deceleration": 74.53, "rotation_down": 54.23, "downward_expansion": 31.29 }, "activity_lines": [ 9.682853, 9.720475, 9.719033, 9.702557 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 9.7286, "trend_reference": 9.69365, "distance_from_trend": 0.003605, "trend_direction": "Improving", "fair_value": 8.928172, "distance_from_fair_value": 0.089652, "fair_value_direction": "Weakening", "relative_strength": -5.544059, "relative_strength_direction": "Weakening", "price_momentum": 0.001874, "excess_performance": -0.051437, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.003605, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.003943, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.089652, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.020808, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.055441, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.072328, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.001874, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.366078, "read": "Supply-led" } ], "volume": { "latest": 124373, "relative_activity": 4.217106, "balance": 0.366078, "dry_up": 3.580309, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.008056, "annualized_volatility": 0.073082, "from_high_reference": -0.012114, "from_low_reference": 0.050718 }, "levels": { "trend_reference": 9.69365, "fair_value_reference": 8.928172, "structural_low": 9.3027, 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expansion", "gate": "up", "direction": 53.722128, "energy": 36.46319, "activity_lines": [ 9.770767, 9.766516, 9.724412, 9.709027 ] }, { "date": "2026-07-24", "close": 9.6335, "volume": 47052, "typical_volume": 15724.3, "trend": 9.692403, "fair_value": 8.907745, "relative_strength": -2.914253, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.636566, "energy": 13.349629, "activity_lines": [ 9.72038, 9.747053, 9.719827, 9.705117 ] }, { "date": "2026-07-31", "close": 9.6154, "volume": 184300, "typical_volume": 23432.45, "trend": 9.691267, "fair_value": 8.917591, "relative_strength": -4.514434, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -16.002413, "energy": 23.697861, "activity_lines": [ 9.676193, 9.723795, 9.713996, 9.700149 ] }, { "date": "2026-08-07", "close": 9.7286, "volume": 124373, "typical_volume": 29492.5, "trend": 9.69365, "fair_value": 8.928172, "relative_strength": -5.544059, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 1.371222, "energy": 18.851187, "activity_lines": [ 9.682853, 9.720475, 9.719033, 9.702557 ] } ], "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." } } }