{
  "ticker": {
    "uuid": "8697a9ce-e8d7-48f4-a7f7-2607f295988a",
    "symbol": "MSE",
    "name": "Amundi EURO STOXX 50 II UCITS ETF Acc",
    "exchange": "PAR",
    "country": "FR",
    "assetType": "etf"
  },
  "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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 83.294,
    "architecture_energy": 68.849,
    "architecture_maturity": 32.422,
    "architecture_confidence": 91.703,
    "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": 8.05,
        "rotation_up": 62.71,
        "upward_expansion": 85.65,
        "deceleration": 53.66,
        "rotation_down": 22.76,
        "downward_expansion": 12.31
      },
      "activity_lines": [
        72.588,
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        70.432,
        69.11985
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 74.32,
    "trend_reference": 67.861334,
    "distance_from_trend": 0.095174,
    "trend_direction": "Improving",
    "fair_value": 56.869617,
    "distance_from_fair_value": 0.306849,
    "fair_value_direction": "Improving",
    "relative_strength": 6.057841,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.109751,
    "excess_performance": 0.056439,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095174,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039203,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.306849,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.088627,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.060578,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.010242,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.109751,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.997222,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 438191,
      "relative_activity": 0.555105,
      "balance": 2.997222,
      "dry_up": 0.496487,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.024603,
      "annualized_volatility": 0.17645,
      "from_high_reference": -0.005087,
      "from_low_reference": 0.265668
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    "levels": {
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      "fair_value_reference": 56.869617,
      "structural_low": 60.080002,
      "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": 40,
        "median_return": 0.00283,
        "positive_rate": 0.55,
        "directional_follow_through": 0.55,
        "median_excess_return": 0.00536,
        "regime_survival": 0.825,
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        "worst_return": -0.08835,
        "sufficient": true
      },
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        "horizon": "Intermediate",
        "sample_count": 13,
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        "worst_return": -0.100328,
        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "worst_return": -0.109837,
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        "regime": "deceleration",
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      {
        "date": "2026-05-01",
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      },
      {
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "fair_value": 55.363175,
        "relative_strength": 6.114616,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "modifier": "Re-accelerating",
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        "energy": 77.694382,
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 7.830927,
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        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 933054.6,
        "trend": 66.912667,
        "fair_value": 56.193399,
        "relative_strength": 7.362218,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.144551,
        "energy": 79.740308,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 70.93,
        "volume": 303707,
        "typical_volume": 925101.05,
        "trend": 67.136334,
        "fair_value": 56.353046,
        "relative_strength": 6.482841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.750054,
        "energy": 70.198964,
        "activity_lines": [
          71.461333,
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          69.003286,
          68.082968
        ]
      },
      {
        "date": "2026-07-24",
        "close": 71.519997,
        "volume": 239182,
        "typical_volume": 857144.0,
        "trend": 67.378334,
        "fair_value": 56.511059,
        "relative_strength": 6.691916,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.978473,
        "energy": 60.356876,
        "activity_lines": [
          71.467999,
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          69.401857,
          68.365785
        ]
      },
      {
        "date": "2026-07-31",
        "close": 72.360001,
        "volume": 586594,
        "typical_volume": 819656.0,
        "trend": 67.613667,
        "fair_value": 56.683527,
        "relative_strength": 5.970645,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.245504,
        "energy": 54.012245,
        "activity_lines": [
          71.756666,
          71.428545,
          69.843905,
          68.687183
        ]
      },
      {
        "date": "2026-08-07",
        "close": 74.32,
        "volume": 438191,
        "typical_volume": 789384.0,
        "trend": 67.861334,
        "fair_value": 56.869617,
        "relative_strength": 6.057841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.293685,
        "energy": 68.848525,
        "activity_lines": [
          72.588,
          72.049636,
          70.432,
          69.11985
        ]
      }
    ],
    "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."
    }
  }
}