{
  "ticker": {
    "uuid": "7405f7d3-052c-4db4-9413-3205ab49b89f",
    "symbol": "FREY",
    "name": "Frey SA",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 90.063,
    "architecture_energy": 96.064,
    "architecture_maturity": 27.366,
    "architecture_confidence": 92.812,
    "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": 0.87,
        "rotation_up": 76.76,
        "upward_expansion": 99.86,
        "deceleration": 39.04,
        "rotation_down": 20.71,
        "downward_expansion": 21.86
      },
      "activity_lines": [
        35.266666,
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        33.58359
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 35.599998,
    "trend_reference": 32.640292,
    "distance_from_trend": 0.090676,
    "trend_direction": "Improving",
    "fair_value": 27.720536,
    "distance_from_fair_value": 0.284246,
    "fair_value_direction": "Improving",
    "relative_strength": 6.830379,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.178808,
    "excess_performance": 0.125496,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.090676,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.059048,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.284246,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.096528,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.068304,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.008779,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.178808,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 11.092893,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 737,
      "relative_activity": 0.32999,
      "balance": 11.092893,
      "dry_up": 1.294663,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.009585,
      "annualized_volatility": 0.102468,
      "from_high_reference": 0.0,
      "from_low_reference": 0.308823
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    "levels": {
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      "fair_value_reference": 27.720536,
      "structural_low": 30.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 29,
        "median_return": 0.0,
        "positive_rate": 0.482759,
        "directional_follow_through": 0.482759,
        "median_excess_return": 0.011302,
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        "worst_return": -0.035714,
        "sufficient": true
      },
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        "worst_return": -0.017046,
        "sufficient": true
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      },
      {
        "date": "2026-05-01",
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        "fair_value": 27.189334,
        "relative_strength": 6.763474,
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      },
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "trend": 30.683788,
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        "activity_lines": [
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      },
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      },
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        "date": "2026-06-05",
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        "relative_strength": 7.330896,
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        "activity_lines": [
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      },
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        "date": "2026-06-12",
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "gate": "up",
        "direction": 90.717098,
        "energy": 95.663313,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 101,
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        "trend": 31.666958,
        "fair_value": 27.493927,
        "relative_strength": 8.149723,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 91.400438,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 3441,
        "typical_volume": 2236.05,
        "trend": 31.866958,
        "fair_value": 27.541447,
        "relative_strength": 11.304018,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 90.751751,
        "energy": 96.53594,
        "activity_lines": [
          34.689473,
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      },
      {
        "date": "2026-07-17",
        "close": 35.0,
        "volume": 1154,
        "typical_volume": 2094.95,
        "trend": 32.060292,
        "fair_value": 27.583288,
        "relative_strength": 10.385109,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.081816,
        "energy": 90.859005,
        "activity_lines": [
          34.89552,
          34.304978,
          33.620516,
          33.000421
        ]
      },
      {
        "date": "2026-07-24",
        "close": 35.0,
        "volume": 279,
        "typical_volume": 2019.75,
        "trend": 32.253625,
        "fair_value": 27.627328,
        "relative_strength": 9.692278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.248758,
        "energy": 86.958647,
        "activity_lines": [
          34.974062,
          34.520895,
          33.801426,
          33.19008
        ]
      },
      {
        "date": "2026-07-31",
        "close": 35.200001,
        "volume": 9396,
        "typical_volume": 2341.8,
        "trend": 32.446958,
        "fair_value": 27.67375,
        "relative_strength": 8.363401,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.54573,
        "energy": 92.345202,
        "activity_lines": [
          35.08,
          34.731526,
          33.98329,
          33.380168
        ]
      },
      {
        "date": "2026-08-07",
        "close": 35.599998,
        "volume": 737,
        "typical_volume": 2233.4,
        "trend": 32.640292,
        "fair_value": 27.720536,
        "relative_strength": 6.830379,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 90.063319,
        "energy": 96.063899,
        "activity_lines": [
          35.266666,
          34.96616,
          34.187057,
          33.58359
        ]
      }
    ],
    "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."
    }
  }
}