{
  "ticker": {
    "uuid": "824481a8-89e6-4d79-aa93-d34eb30521ab",
    "symbol": "RBO",
    "name": "Roche Bobois S.A.",
    "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": -64.731,
    "architecture_energy": 69.789,
    "architecture_maturity": 74.194,
    "architecture_confidence": 80.386,
    "architecture_tenure": "Extended",
    "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": 10.3,
        "rotation_up": 11.7,
        "upward_expansion": 14.36,
        "deceleration": 41.56,
        "rotation_down": 71.69,
        "downward_expansion": 87.7
      },
      "activity_lines": [
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        24.070879
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 22.5,
    "trend_reference": 25.067705,
    "distance_from_trend": -0.102431,
    "trend_direction": "Weakening",
    "fair_value": 37.238815,
    "distance_from_fair_value": -0.395792,
    "fair_value_direction": "Weakening",
    "relative_strength": -27.807098,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.137931,
    "excess_performance": -0.191242,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.102431,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.127776,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.395792,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.059642,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.278071,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.060076,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.137931,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.185651,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 16554,
      "relative_activity": 3.190702,
      "balance": 1.185651,
      "dry_up": 1.492907,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.065097,
      "annualized_volatility": 0.312287,
      "from_high_reference": -0.401596,
      "from_low_reference": 0.125
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    "levels": {
      "trend_reference": 25.067705,
      "fair_value_reference": 37.238815,
      "structural_low": 20.0,
      "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": 21,
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        "positive_rate": 0.380952,
        "directional_follow_through": 0.52381,
        "median_excess_return": -0.002898,
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        "best_return": 0.145833,
        "worst_return": -0.12963,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.233227,
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "worst_return": -0.126764,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-05-01",
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        "relative_strength": -24.08891,
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "relative_strength": -21.431618,
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        "energy": 27.692377,
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        "date": "2026-05-29",
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        "volume": 5471,
        "typical_volume": 7739.25,
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        "date": "2026-06-05",
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        "relative_strength": -24.98454,
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        "energy": 67.97441,
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      },
      {
        "date": "2026-07-03",
        "close": 23.599998,
        "volume": 904,
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        "trend": 26.861038,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 4301.45,
        "trend": 26.474371,
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        "relative_strength": -28.810546,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.241381,
        "energy": 78.156427,
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          23.320327,
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      },
      {
        "date": "2026-07-17",
        "close": 20.4,
        "volume": 3992,
        "typical_volume": 4185.95,
        "trend": 26.034371,
        "fair_value": 37.704532,
        "relative_strength": -33.760038,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -90.276625,
        "energy": 88.574682,
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          22.256721,
          23.216899,
          24.248766,
          24.874306
        ]
      },
      {
        "date": "2026-07-24",
        "close": 20.1,
        "volume": 5698,
        "typical_volume": 4341.8,
        "trend": 25.661038,
        "fair_value": 37.547967,
        "relative_strength": -34.270295,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.39327,
        "energy": 93.381376,
        "activity_lines": [
          21.345136,
          22.49997,
          23.79957,
          24.491443
        ]
      },
      {
        "date": "2026-07-31",
        "close": 22.0,
        "volume": 4738,
        "typical_volume": 4506.5,
        "trend": 25.357705,
        "fair_value": 37.390609,
        "relative_strength": -28.424734,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.958343,
        "energy": 83.866141,
        "activity_lines": [
          21.306667,
          22.250313,
          23.561803,
          24.255247
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.5,
        "volume": 16554,
        "typical_volume": 5188.2,
        "trend": 25.067705,
        "fair_value": 37.238815,
        "relative_strength": -27.807098,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.73092,
        "energy": 69.788632,
        "activity_lines": [
          21.586667,
          22.157019,
          23.390702,
          24.070879
        ]
      }
    ],
    "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."
    }
  }
}