{
  "ticker": {
    "uuid": "6062260e-ffcf-4b48-a0ae-09f455cf3881",
    "symbol": "LOR",
    "name": "L'Or\u00e9al S.A.",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 56.654,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 53.763,
    "architecture_energy": 29.996,
    "architecture_maturity": 19.567,
    "architecture_confidence": 42.477,
    "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": 40.53,
        "rotation_up": 38.88,
        "upward_expansion": 67.51,
        "deceleration": 67.81,
        "rotation_down": 23.84,
        "downward_expansion": 7.84
      },
      "activity_lines": [
        383.079998,
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        377.731418,
        373.516991
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 386.0,
    "trend_reference": 371.369673,
    "distance_from_trend": 0.039396,
    "trend_direction": "Improving",
    "fair_value": 374.919649,
    "distance_from_fair_value": 0.029554,
    "fair_value_direction": "Improving",
    "relative_strength": -3.556154,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.001506,
    "excess_performance": -0.066146,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.039396,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.020061,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.029554,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.065858,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.035562,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.012435,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.001506,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.630434,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6701,
      "relative_activity": 1.495392,
      "balance": 0.630434,
      "dry_up": 1.656903,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.040464,
      "annualized_volatility": 0.239931,
      "from_high_reference": -0.037406,
      "from_low_reference": 0.157519
    },
    "levels": {
      "trend_reference": 371.369673,
      "fair_value_reference": 374.919649,
      "structural_low": 333.471977,
      "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": 0.017242,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.013797,
        "regime_survival": 0.5,
        "best_return": 0.096379,
        "worst_return": -0.016262,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.020444,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.012029,
        "regime_survival": 0.0,
        "best_return": 0.117499,
        "worst_return": 0.009861,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.029769,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.010384,
        "regime_survival": 0.0,
        "best_return": 0.103732,
        "worst_return": -0.115221,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.058559,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.009024,
        "regime_survival": 0.0,
        "best_return": 0.154453,
        "worst_return": -0.116188,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-04",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.137688,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-08-01",
        "tenure": "Developing",
        "return": 0.035631,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-24",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.041923,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.023655,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.041979,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.010742,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.039367,
        "active": false
      },
      {
        "regime": "balance",
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      {
        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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        "active": true
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        "typical_volume": 3968.0,
        "trend": 364.375362,
        "fair_value": 376.496595,
        "relative_strength": 0.094247,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.18396,
        "energy": 15.626345,
        "activity_lines": [
          356.566561,
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          362.298869,
          363.408115
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      },
      {
        "date": "2026-05-01",
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        "volume": 1528,
        "typical_volume": 3949.1,
        "trend": 364.231355,
        "fair_value": 376.235812,
        "relative_strength": -1.542079,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -26.535213,
        "energy": 15.715304,
        "activity_lines": [
          360.511076,
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          363.448414
        ]
      },
      {
        "date": "2026-05-08",
        "close": 362.350006,
        "volume": 4727,
        "typical_volume": 3990.8,
        "trend": 364.224598,
        "fair_value": 376.000314,
        "relative_strength": -2.312674,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.773469,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 356.799988,
        "volume": 9482,
        "typical_volume": 4361.45,
        "trend": 363.351185,
        "fair_value": 375.748703,
        "relative_strength": -2.185712,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -26.193571,
        "energy": 18.207893,
        "activity_lines": [
          361.135925,
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      },
      {
        "date": "2026-05-22",
        "close": 361.600006,
        "volume": 2884,
        "typical_volume": 4458.6,
        "trend": 363.160865,
        "fair_value": 375.579866,
        "relative_strength": -4.48856,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 4573.65,
        "trend": 364.066263,
        "fair_value": 375.54206,
        "relative_strength": 0.236555,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.987615,
        "energy": 18.478557,
        "activity_lines": [
          368.033329,
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      },
      {
        "date": "2026-06-05",
        "close": 375.549988,
        "volume": 759,
        "typical_volume": 4427.1,
        "trend": 365.001349,
        "fair_value": 375.51313,
        "relative_strength": -0.261649,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.855015,
        "energy": 26.887983,
        "activity_lines": [
          371.313326,
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      },
      {
        "date": "2026-06-12",
        "close": 390.649994,
        "volume": 1577,
        "typical_volume": 4388.2,
        "trend": 366.292648,
        "fair_value": 375.501923,
        "relative_strength": 4.219992,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 44.242012,
        "energy": 54.868016,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 415,
        "typical_volume": 4299.45,
        "trend": 367.102309,
        "fair_value": 375.422662,
        "relative_strength": -0.338453,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.334389,
        "energy": 52.086302,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 449,
        "typical_volume": 4171.65,
        "trend": 367.75609,
        "fair_value": 375.306307,
        "relative_strength": 3.248939,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 65.585964,
        "energy": 65.576832,
        "activity_lines": [
          384.103329,
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          369.049758,
          368.559342
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      },
      {
        "date": "2026-07-03",
        "close": 382.399994,
        "volume": 2757,
        "typical_volume": 4059.3,
        "trend": 368.316317,
        "fair_value": 375.312467,
        "relative_strength": -2.589167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.66727,
        "energy": 57.223343,
        "activity_lines": [
          383.843329,
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          369.50411
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      },
      {
        "date": "2026-07-10",
        "close": 380.950012,
        "volume": 8085,
        "typical_volume": 4280.45,
        "trend": 368.918117,
        "fair_value": 375.189509,
        "relative_strength": -0.211671,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.739777,
        "energy": 36.548463,
        "activity_lines": [
          383.126668,
          380.383634,
          371.898584,
          370.319187
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      },
      {
        "date": "2026-07-17",
        "close": 381.549988,
        "volume": 3957,
        "typical_volume": 4300.9,
        "trend": 369.507224,
        "fair_value": 375.134871,
        "relative_strength": 0.803393,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.215427,
        "energy": 33.4857,
        "activity_lines": [
          382.249998,
          381.392724,
          373.329071,
          371.134147
        ]
      },
      {
        "date": "2026-07-24",
        "close": 374.649994,
        "volume": 10054,
        "typical_volume": 4547.35,
        "trend": 370.13932,
        "fair_value": 374.976395,
        "relative_strength": -2.044821,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.293049,
        "energy": 22.786603,
        "activity_lines": [
          379.679997,
          380.798178,
          374.140857,
          371.465939
        ]
      },
      {
        "date": "2026-07-31",
        "close": 387.05,
        "volume": 8987,
        "typical_volume": 4447.65,
        "trend": 371.119363,
        "fair_value": 374.95154,
        "relative_strength": -0.806526,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.218641,
        "energy": 26.484314,
        "activity_lines": [
          381.519997,
          382.133633,
          376.081595,
          372.55695
        ]
      },
      {
        "date": "2026-08-07",
        "close": 386.0,
        "volume": 6701,
        "typical_volume": 4481.1,
        "trend": 371.369673,
        "fair_value": 374.919649,
        "relative_strength": -3.556154,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.763119,
        "energy": 29.995818,
        "activity_lines": [
          383.079998,
          382.815452,
          377.731418,
          373.516991
        ]
      }
    ],
    "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."
    }
  }
}