{
  "ticker": {
    "uuid": "710944d8-27e3-44da-8fef-1be7b2f8ca1f",
    "symbol": "EDEN",
    "name": "Edenred SE",
    "exchange": "PAR",
    "country": "FR",
    "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": "^FCHI",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 53.714,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.188,
    "architecture_energy": 93.144,
    "architecture_maturity": 40.0,
    "architecture_confidence": 80.11,
    "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": 0.0,
        "rotation_up": 87.17,
        "upward_expansion": 99.71,
        "deceleration": 39.11,
        "rotation_down": 8.45,
        "downward_expansion": 21.71
      },
      "activity_lines": [
        27.716,
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        23.78529,
        22.334371
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 28.92,
    "trend_reference": 20.652488,
    "distance_from_trend": 0.400316,
    "trend_direction": "Improving",
    "fair_value": 32.249404,
    "distance_from_fair_value": -0.103239,
    "fair_value_direction": "Improving",
    "relative_strength": 29.529633,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.639456,
    "excess_performance": 0.586144,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.400316,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.100172,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.103239,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.326958,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.295296,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.38298,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.639456,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.642658,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2512822,
      "relative_activity": 0.724299,
      "balance": 2.642658,
      "dry_up": 1.157527,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.064893,
      "annualized_volatility": 0.441337,
      "from_high_reference": -0.019661,
      "from_low_reference": 0.898884
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    "levels": {
      "trend_reference": 20.652488,
      "fair_value_reference": 32.249404,
      "structural_low": 15.23,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.015017,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.031978,
        "regime_survival": 0.666667,
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        "worst_return": -0.070857,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.043201,
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      },
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        "horizon": "Extended",
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        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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      },
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        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "volume": 4572697,
        "typical_volume": 3691337.55,
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        "fair_value": 32.764036,
        "relative_strength": 24.133071,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.661788,
        "energy": 93.592976,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 26.41,
        "volume": 4975553,
        "typical_volume": 3661681.45,
        "trend": 19.974655,
        "fair_value": 32.579292,
        "relative_strength": 23.278177,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.270986,
        "energy": 92.105382,
        "activity_lines": [
          25.285333,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 28.809999,
        "volume": 4002228,
        "typical_volume": 3674856.1,
        "trend": 20.308822,
        "fair_value": 32.417222,
        "relative_strength": 32.119753,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.707395,
        "energy": 95.113001,
        "activity_lines": [
          26.692666,
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          23.064598,
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      },
      {
        "date": "2026-08-07",
        "close": 28.92,
        "volume": 2512822,
        "typical_volume": 3469315.15,
        "trend": 20.652488,
        "fair_value": 32.249404,
        "relative_strength": 29.529633,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.188275,
        "energy": 93.144484,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}