{
  "ticker": {
    "uuid": "88f14c96-f0da-4f7c-a39f-3dc1225e7ea9",
    "symbol": "ETDD",
    "name": "BNP Paribas Easy Euro Stoxx 50 UCITS ETF EUR C",
    "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": 83.753,
    "architecture_energy": 69.58,
    "architecture_maturity": 32.662,
    "architecture_confidence": 92.084,
    "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": 7.88,
        "rotation_up": 62.73,
        "upward_expansion": 85.9,
        "deceleration": 53.44,
        "rotation_down": 22.93,
        "downward_expansion": 12.57
      },
      "activity_lines": [
        20.987667,
        20.833691,
        20.371719,
        19.990849
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 21.495001,
    "trend_reference": 19.625267,
    "distance_from_trend": 0.095272,
    "trend_direction": "Improving",
    "fair_value": 16.45284,
    "distance_from_fair_value": 0.306461,
    "fair_value_direction": "Improving",
    "relative_strength": 6.027605,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.11005,
    "excess_performance": 0.056738,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095272,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.038964,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.306461,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.088316,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.060276,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.010038,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.11005,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.215136,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 181339,
      "relative_activity": 0.897788,
      "balance": 3.215136,
      "dry_up": 1.019489,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.024195,
      "annualized_volatility": 0.176733,
      "from_high_reference": -0.004861,
      "from_low_reference": 0.264561
    },
    "levels": {
      "trend_reference": 19.625267,
      "fair_value_reference": 16.45284,
      "structural_low": 17.35,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 40,
        "median_return": 0.007357,
        "positive_rate": 0.575,
        "directional_follow_through": 0.575,
        "median_excess_return": 0.004675,
        "regime_survival": 0.85,
        "best_return": 0.106964,
        "worst_return": -0.103118,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.006003,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": 0.02118,
        "regime_survival": 0.5,
        "best_return": 0.125834,
        "worst_return": -0.06174,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.07151,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.040278,
        "regime_survival": 0.625,
        "best_return": 0.116709,
        "worst_return": -0.162342,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.126878,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.094542,
        "regime_survival": 0.25,
        "best_return": 0.17108,
        "worst_return": -0.107174,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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        "end": "2023-10-13",
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        "return": -0.017196,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-10-20",
        "end": "2023-11-24",
        "tenure": "Developing",
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      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "end": "2024-08-02",
        "tenure": "Developing",
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        "active": false
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        "regime": "rotation_down",
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        "active": false
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        "regime": "upward_expansion",
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      },
      {
        "date": "2026-05-01",
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        "stage": 2,
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        "modifier": "Balance after decline",
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        "energy": 31.765046,
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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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        "typical_volume": 260393.35,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "trend": 18.9558,
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        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 55.460417,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 222242.95,
        "trend": 19.0222,
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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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        "direction": 69.937016,
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 7.755339,
        "stage": 2,
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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": 199048.45,
        "trend": 19.3546,
        "fair_value": 16.257751,
        "relative_strength": 7.251395,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.154432,
        "energy": 79.810111,
        "activity_lines": [
          20.705,
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      },
      {
        "date": "2026-07-17",
        "close": 20.514999,
        "volume": 106774,
        "typical_volume": 198376.3,
        "trend": 19.4193,
        "fair_value": 16.303796,
        "relative_strength": 6.449576,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.829344,
        "energy": 70.627841,
        "activity_lines": [
          20.664666,
          20.478163,
          19.960814,
          19.692316
        ]
      },
      {
        "date": "2026-07-24",
        "close": 20.674999,
        "volume": 264977,
        "typical_volume": 200563.2,
        "trend": 19.485133,
        "fair_value": 16.349392,
        "relative_strength": 6.60644,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.812057,
        "energy": 60.792625,
        "activity_lines": [
          20.664666,
          20.558945,
          20.075038,
          19.773329
        ]
      },
      {
        "date": "2026-07-31",
        "close": 20.915001,
        "volume": 270593,
        "typical_volume": 205232.15,
        "trend": 19.5533,
        "fair_value": 16.399129,
        "relative_strength": 5.874311,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.245017,
        "energy": 54.126272,
        "activity_lines": [
          20.744333,
          20.654182,
          20.201638,
          19.865578
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.495001,
        "volume": 181339,
        "typical_volume": 201984.2,
        "trend": 19.625267,
        "fair_value": 16.45284,
        "relative_strength": 6.027605,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.753177,
        "energy": 69.579503,
        "activity_lines": [
          20.987667,
          20.833691,
          20.371719,
          19.990849
        ]
      }
    ],
    "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."
    }
  }
}