{
  "ticker": {
    "uuid": "54a748ae-15f8-45f8-8c36-229224065434",
    "symbol": "CG9",
    "name": "Amundi Index Solutions - Amundi MSCI Europe Growth UCITS ETF Acc",
    "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": 83.32,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 62.316,
    "architecture_energy": 40.848,
    "architecture_maturity": 38.786,
    "architecture_confidence": 78.711,
    "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": {
        "balance": 21.89,
        "rotation_up": 39.85,
        "upward_expansion": 64.88,
        "deceleration": 85.9,
        "rotation_down": 26.73,
        "downward_expansion": 17.21
      },
      "activity_lines": [
        368.2,
        368.515454,
        363.785951,
        358.755805
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 374.75,
    "trend_reference": 354.393332,
    "distance_from_trend": 0.057441,
    "trend_direction": "Improving",
    "fair_value": 322.69649,
    "distance_from_fair_value": 0.161308,
    "fair_value_direction": "Improving",
    "relative_strength": 1.538833,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.077177,
    "excess_performance": 0.023866,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.057441,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.030832,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.161308,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.056355,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.015388,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.014094,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.077177,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.698463,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 334,
      "relative_activity": 0.265037,
      "balance": 0.698463,
      "dry_up": 0.35173,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.021173,
      "annualized_volatility": 0.17633,
      "from_high_reference": -0.010692,
      "from_low_reference": 0.190627
    },
    "levels": {
      "trend_reference": 354.393332,
      "fair_value_reference": 322.69649,
      "structural_low": 314.75,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.009044,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.001752,
        "regime_survival": 0.125,
        "best_return": 0.080415,
        "worst_return": -0.042706,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.036815,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.011584,
        "regime_survival": 0.0,
        "best_return": 0.079066,
        "worst_return": -0.062425,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.027344,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.024269,
        "regime_survival": 0.166667,
        "best_return": 0.085654,
        "worst_return": -0.0183,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.038739,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.012988,
        "regime_survival": 0.0,
        "best_return": 0.094572,
        "worst_return": -0.157487,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-02-07",
        "tenure": "New",
        "return": 0.029174,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": -0.035381,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.036298,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
        "return": 0.024424,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.057758,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-20",
        "tenure": "New",
        "return": -0.025481,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-27",
        "end": "2025-10-03",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-21",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-03-20",
        "tenure": "Established",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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      {
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      {
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        "active": true
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        "typical_volume": 2827.9,
        "trend": 341.44675,
        "fair_value": 315.980465,
        "relative_strength": 1.71325,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 37.285408,
        "energy": 30.081983,
        "activity_lines": [
          347.5,
          342.114547,
          344.435953,
          343.493028
        ]
      },
      {
        "date": "2026-05-08",
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        "volume": 2340,
        "typical_volume": 2862.7,
        "trend": 342.013417,
        "fair_value": 316.348414,
        "relative_strength": 2.948184,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 41.732861,
        "energy": 29.633317,
        "activity_lines": [
          348.683329,
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          344.831666,
          344.015817
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      },
      {
        "date": "2026-05-15",
        "close": 345.299988,
        "volume": 1018,
        "typical_volume": 2906.55,
        "trend": 342.27675,
        "fair_value": 316.664439,
        "relative_strength": 3.651383,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 36.816082,
        "energy": 20.279428,
        "activity_lines": [
          347.389992,
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          344.76357,
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      },
      {
        "date": "2026-05-22",
        "close": 359.649994,
        "volume": 1977,
        "typical_volume": 2971.15,
        "trend": 342.903333,
        "fair_value": 317.101619,
        "relative_strength": 5.671318,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 63.050517,
        "energy": 35.444188,
        "activity_lines": [
          351.009992,
          347.977268,
          346.02595,
          345.348708
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      },
      {
        "date": "2026-05-29",
        "close": 362.5,
        "volume": 286,
        "typical_volume": 2860.9,
        "trend": 343.793333,
        "fair_value": 317.557709,
        "relative_strength": 5.53106,
        "stage": 2,
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        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 48.740786,
        "activity_lines": [
          355.416661,
          351.549087,
          347.476665,
          346.61301
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      },
      {
        "date": "2026-06-05",
        "close": 361.149994,
        "volume": 1057,
        "typical_volume": 2834.35,
        "trend": 344.908332,
        "fair_value": 318.025978,
        "relative_strength": 4.619187,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.507851,
        "energy": 58.017615,
        "activity_lines": [
          358.323328,
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          348.764045,
          347.732794
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      },
      {
        "date": "2026-06-12",
        "close": 366.350006,
        "volume": 441,
        "typical_volume": 2706.75,
        "trend": 345.986666,
        "fair_value": 318.491042,
        "relative_strength": 4.362481,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 92,
        "typical_volume": 2618.3,
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        "fair_value": 319.035593,
        "relative_strength": 4.323235,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.879935,
        "energy": 76.079451,
        "activity_lines": [
          365.433335,
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      },
      {
        "date": "2026-06-26",
        "close": 367.549988,
        "volume": 223,
        "typical_volume": 1956.25,
        "trend": 348.651666,
        "fair_value": 319.527901,
        "relative_strength": 4.109466,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.76676,
        "energy": 74.657347,
        "activity_lines": [
          366.666665,
          361.834542,
          354.273331,
          351.931181
        ]
      },
      {
        "date": "2026-07-03",
        "close": 378.799988,
        "volume": 2,
        "typical_volume": 1789.95,
        "trend": 350.071665,
        "fair_value": 320.162196,
        "relative_strength": 5.613212,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.795472,
        "energy": 84.835091,
        "activity_lines": [
          371.123328,
          365.733632,
          356.975949,
          353.876234
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      },
      {
        "date": "2026-07-10",
        "close": 367.200012,
        "volume": 1197,
        "typical_volume": 1805.3,
        "trend": 351.185,
        "fair_value": 320.658991,
        "relative_strength": 4.340159,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.046312,
        "energy": 74.453937,
        "activity_lines": [
          370.626666,
          366.940907,
          358.450236,
          354.981289
        ]
      },
      {
        "date": "2026-07-17",
        "close": 364.0,
        "volume": 759,
        "typical_volume": 1668.55,
        "trend": 352.08,
        "fair_value": 321.142003,
        "relative_strength": 3.334926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.867105,
        "energy": 56.055787,
        "activity_lines": [
          368.66,
          367.165454,
          359.589046,
          355.808063
        ]
      },
      {
        "date": "2026-07-24",
        "close": 364.950012,
        "volume": 185,
        "typical_volume": 1442.2,
        "trend": 352.988333,
        "fair_value": 321.605144,
        "relative_strength": 3.089727,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.763821,
        "energy": 42.493421,
        "activity_lines": [
          367.166671,
          367.300002,
          360.800714,
          356.638387
        ]
      },
      {
        "date": "2026-07-31",
        "close": 364.799988,
        "volume": 495,
        "typical_volume": 1337.95,
        "trend": 353.741666,
        "fair_value": 322.120849,
        "relative_strength": 1.317154,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.824484,
        "energy": 29.63082,
        "activity_lines": [
          365.933333,
          367.049999,
          361.883332,
          357.400429
        ]
      },
      {
        "date": "2026-08-07",
        "close": 374.75,
        "volume": 334,
        "typical_volume": 1260.2,
        "trend": 354.393332,
        "fair_value": 322.69649,
        "relative_strength": 1.538833,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 62.315849,
        "energy": 40.848385,
        "activity_lines": [
          368.2,
          368.515454,
          363.785951,
          358.755805
        ]
      }
    ],
    "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."
    }
  }
}