{
  "ticker": {
    "uuid": "7e2d2778-c380-4f77-af0d-f2fb26387b85",
    "symbol": "IMDA",
    "name": "Immobiliere Dassault 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -64.459,
    "architecture_energy": 72.754,
    "architecture_maturity": 34.892,
    "architecture_confidence": 88.877,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 6.98,
        "rotation_up": 11.85,
        "upward_expansion": 16.44,
        "deceleration": 38.18,
        "rotation_down": 73.0,
        "downward_expansion": 92.11
      },
      "activity_lines": [
        47.146667,
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        48.001621,
        48.501038
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 47.400002,
    "trend_reference": 49.177475,
    "distance_from_trend": -0.036144,
    "trend_direction": "Weakening",
    "fair_value": 48.586908,
    "distance_from_fair_value": -0.024429,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.872145,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.070588,
    "excess_performance": -0.1239,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.036144,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.016335,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.024429,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.023132,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.118721,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.046972,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.070588,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.294072,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1891,
      "relative_activity": 0.948107,
      "balance": 0.294072,
      "dry_up": 1.801078,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.018864,
      "annualized_volatility": 0.088595,
      "from_high_reference": -0.165493,
      "from_low_reference": 0.053333
    },
    "levels": {
      "trend_reference": 49.177475,
      "fair_value_reference": 48.586908,
      "structural_low": 45.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 28,
        "median_return": -0.002804,
        "positive_rate": 0.464286,
        "directional_follow_through": 0.535714,
        "median_excess_return": -0.011349,
        "regime_survival": 0.821429,
        "best_return": 0.054167,
        "worst_return": -0.059603,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.005517,
        "positive_rate": 0.2,
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        "median_excess_return": -0.04953,
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        "worst_return": -0.066532,
        "sufficient": true
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      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.024988,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.075021,
        "regime_survival": 0.4,
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        "worst_return": -0.067127,
        "sufficient": true
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        "horizon": "Full cycle",
        "sample_count": 2,
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      {
        "regime": "rotation_up",
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        "modifier": "Early contraction",
        "gate": "down",
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        "energy": 60.962165,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 2040.75,
        "trend": 50.239957,
        "fair_value": 48.613495,
        "relative_strength": -7.753987,
        "stage": 4,
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        "energy": 61.382677,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 2107.0,
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        "relative_strength": -7.174965,
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        "modifier": "Early contraction",
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        "direction": -59.842627,
        "energy": 54.225257,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 47.970589,
        "volume": 2572,
        "typical_volume": 2158.25,
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        "fair_value": 48.589265,
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        "stage": 4,
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        "modifier": "Early contraction",
        "gate": "down",
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        "energy": 53.408873,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 47.970589,
        "volume": 1025,
        "typical_volume": 2137.7,
        "trend": 50.026204,
        "fair_value": 48.5764,
        "relative_strength": -7.984481,
        "stage": 4,
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        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.399477,
        "energy": 54.748495,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 48.738117,
        "volume": 2631,
        "typical_volume": 2210.95,
        "trend": 49.994141,
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        "stage": 4,
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        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.286737,
        "energy": 37.858484,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 49.0,
        "volume": 404,
        "typical_volume": 2155.2,
        "trend": 49.974141,
        "fair_value": 48.561004,
        "relative_strength": -6.841568,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.806009,
        "energy": 31.618022,
        "activity_lines": [
          48.556776,
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      },
      {
        "date": "2026-06-12",
        "close": 49.0,
        "volume": 239,
        "typical_volume": 1998.65,
        "trend": 49.967475,
        "fair_value": 48.566604,
        "relative_strength": -8.036738,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.855347,
        "energy": 24.311308,
        "activity_lines": [
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      {
        "date": "2026-06-19",
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        "energy": 19.903864,
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      },
      {
        "date": "2026-06-26",
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        "volume": 102,
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        "fair_value": 48.583355,
        "relative_strength": -9.10753,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.613321,
        "energy": 22.034073,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 48.0,
        "volume": 588,
        "typical_volume": 1676.45,
        "trend": 49.854141,
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        "relative_strength": -10.607173,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.266521,
        "energy": 38.360779,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 47.900002,
        "volume": 2517,
        "typical_volume": 1669.4,
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        "fair_value": 48.601265,
        "relative_strength": -8.634982,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.1837,
        "energy": 55.09802,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 47.900002,
        "volume": 1562,
        "typical_volume": 1680.2,
        "trend": 49.607475,
        "fair_value": 48.60456,
        "relative_strength": -8.27943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.371181,
        "energy": 63.836278,
        "activity_lines": [
          48.040001,
          48.304112,
          48.535776,
          48.998829
        ]
      },
      {
        "date": "2026-07-24",
        "close": 46.700001,
        "volume": 4440,
        "typical_volume": 1742.1,
        "trend": 49.490808,
        "fair_value": 48.597789,
        "relative_strength": -10.545582,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.711696,
        "energy": 77.580475,
        "activity_lines": [
          47.540001,
          48.000852,
          48.31709,
          48.81125
        ]
      },
      {
        "date": "2026-07-31",
        "close": 46.599998,
        "volume": 6476,
        "typical_volume": 1972.15,
        "trend": 49.317475,
        "fair_value": 48.590378,
        "relative_strength": -11.698874,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.862389,
        "energy": 79.586753,
        "activity_lines": [
          47.153334,
          47.702512,
          48.110307,
          48.624746
        ]
      },
      {
        "date": "2026-08-07",
        "close": 47.400002,
        "volume": 1891,
        "typical_volume": 1994.5,
        "trend": 49.177475,
        "fair_value": 48.586908,
        "relative_strength": -11.872145,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.459212,
        "energy": 72.75424,
        "activity_lines": [
          47.146667,
          47.574546,
          48.001621,
          48.501038
        ]
      }
    ],
    "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."
    }
  }
}