{
  "ticker": {
    "uuid": "712a9778-db36-4863-ba34-8971ff6221d3",
    "symbol": "PUB",
    "name": "Publicis Groupe S.A.",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "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": 87.143,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 93.478,
    "architecture_energy": 94.357,
    "architecture_maturity": 24.44,
    "architecture_confidence": 68.437,
    "architecture_tenure": "New",
    "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": 7.47,
        "rotation_up": 87.13,
        "upward_expansion": 99.53,
        "deceleration": 39.2,
        "rotation_down": 9.36,
        "downward_expansion": 21.53
      },
      "activity_lines": [
        93.059999,
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        82.979451
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 99.400002,
    "trend_reference": 80.779995,
    "distance_from_trend": 0.230503,
    "trend_direction": "Improving",
    "fair_value": 86.020371,
    "distance_from_fair_value": 0.15554,
    "fair_value_direction": "Improving",
    "relative_strength": -1.744563,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.256002,
    "excess_performance": 0.081755,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.230503,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.00639,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.15554,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.228609,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.017446,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.190504,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.256002,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.0,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 5.0,
      "dry_up": 0.412075,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.044287,
      "annualized_volatility": 0.309971,
      "from_high_reference": -0.004606,
      "from_low_reference": 0.451943
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    "levels": {
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      "fair_value_reference": 86.020371,
      "structural_low": 68.459999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 31,
        "median_return": 0.011573,
        "positive_rate": 0.645161,
        "directional_follow_through": 0.645161,
        "median_excess_return": -0.002202,
        "regime_survival": 0.677419,
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        "worst_return": -0.155331,
        "sufficient": true
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        "worst_return": -0.095097,
        "sufficient": true
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        "trend": 81.101705,
        "fair_value": 84.377561,
        "relative_strength": -20.794943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.442193,
        "energy": 25.104505,
        "activity_lines": [
          77.45446,
          75.781686,
          76.400021,
          78.5624
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      },
      {
        "date": "2026-05-15",
        "close": 73.888344,
        "volume": 0,
        "typical_volume": 55.7,
        "trend": 80.695983,
        "fair_value": 84.44,
        "relative_strength": -24.173557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.609043,
        "energy": 20.708403,
        "activity_lines": [
          76.37383,
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          75.937429,
          78.097022
        ]
      },
      {
        "date": "2026-05-22",
        "close": 79.91497,
        "volume": 146,
        "typical_volume": 63.0,
        "trend": 80.463816,
        "fair_value": 84.552299,
        "relative_strength": -18.972056,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -7.027542,
        "energy": 7.674824,
        "activity_lines": [
          77.277519,
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          76.115619,
          78.046634
        ]
      },
      {
        "date": "2026-05-29",
        "close": 80.297615,
        "volume": 249,
        "typical_volume": 75.45,
        "trend": 80.26707,
        "fair_value": 84.661781,
        "relative_strength": -20.053088,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.895533,
        "energy": 9.614553,
        "activity_lines": [
          78.339758,
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          76.372466,
          78.035911
        ]
      },
      {
        "date": "2026-06-05",
        "close": 84.46843,
        "volume": 0,
        "typical_volume": 75.45,
        "trend": 80.286017,
        "fair_value": 84.78677,
        "relative_strength": -14.335533,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 32.841708,
        "energy": 34.419101,
        "activity_lines": [
          80.617761,
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          77.067878,
          78.306967
        ]
      },
      {
        "date": "2026-06-12",
        "close": 85.807671,
        "volume": 628,
        "typical_volume": 106.85,
        "trend": 80.31094,
        "fair_value": 84.91347,
        "relative_strength": -14.660393,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 38.549128,
        "energy": 57.251056,
        "activity_lines": [
          82.768214,
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      },
      {
        "date": "2026-06-19",
        "close": 86.018127,
        "volume": 0,
        "typical_volume": 106.85,
        "trend": 80.423544,
        "fair_value": 85.054695,
        "relative_strength": -17.1922,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 36.847929,
        "energy": 66.165848,
        "activity_lines": [
          84.482454,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 83.033516,
        "volume": 0,
        "typical_volume": 106.85,
        "trend": 80.415328,
        "fair_value": 85.162467,
        "relative_strength": -17.762387,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 37.552069,
        "energy": 63.988855,
        "activity_lines": [
          84.393172,
          82.239767,
          79.326788,
          79.199794
        ]
      },
      {
        "date": "2026-07-03",
        "close": 85.160004,
        "volume": 0,
        "typical_volume": 90.05,
        "trend": 80.393328,
        "fair_value": 85.278981,
        "relative_strength": -16.942941,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 39.209759,
        "energy": 61.532444,
        "activity_lines": [
          84.804816,
          83.08377,
          80.075361,
          79.505902
        ]
      },
      {
        "date": "2026-07-10",
        "close": 87.360001,
        "volume": 114,
        "typical_volume": 95.75,
        "trend": 80.329328,
        "fair_value": 85.406258,
        "relative_strength": -13.012804,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 47.425836,
        "energy": 61.144923,
        "activity_lines": [
          85.625633,
          84.191773,
          80.978029,
          79.955364
        ]
      },
      {
        "date": "2026-07-17",
        "close": 87.839996,
        "volume": 172,
        "typical_volume": 104.35,
        "trend": 80.289995,
        "fair_value": 85.53232,
        "relative_strength": -10.327614,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 73.017227,
        "energy": 65.172679,
        "activity_lines": [
          86.413677,
          85.177938,
          81.860315,
          80.439924
        ]
      },
      {
        "date": "2026-07-24",
        "close": 88.059998,
        "volume": 0,
        "typical_volume": 104.35,
        "trend": 80.294662,
        "fair_value": 85.662415,
        "relative_strength": -10.851443,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.800846,
        "energy": 72.552801,
        "activity_lines": [
          87.139567,
          86.029052,
          82.70222,
          80.941214
        ]
      },
      {
        "date": "2026-07-31",
        "close": 92.919998,
        "volume": 0,
        "typical_volume": 104.35,
        "trend": 80.432661,
        "fair_value": 85.820922,
        "relative_strength": -5.562988,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.504167,
        "energy": 83.771712,
        "activity_lines": [
          89.349332,
          87.506137,
          83.948697,
          81.755752
        ]
      },
      {
        "date": "2026-08-07",
        "close": 99.400002,
        "volume": 0,
        "typical_volume": 104.35,
        "trend": 80.779995,
        "fair_value": 86.020371,
        "relative_strength": -1.744563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.478161,
        "energy": 94.356763,
        "activity_lines": [
          93.059999,
          89.924949,
          85.739174,
          82.979451
        ]
      }
    ],
    "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."
    }
  }
}