{
  "ticker": {
    "uuid": "89bfc782-6dee-4284-87c9-5e10e733414a",
    "symbol": "PABZ",
    "name": "Amundi MSCI EMU Climate Paris Aligned 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": 78.677,
    "architecture_energy": 56.843,
    "architecture_maturity": 57.69,
    "architecture_confidence": 71.571,
    "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": 19.2,
        "rotation_up": 50.01,
        "upward_expansion": 80.12,
        "deceleration": 68.89,
        "rotation_down": 28.16,
        "downward_expansion": 9.12
      },
      "activity_lines": [
        94.954,
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        93.015905,
        91.252409
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 96.93,
    "trend_reference": 89.494667,
    "distance_from_trend": 0.083081,
    "trend_direction": "Improving",
    "fair_value": 77.988269,
    "distance_from_fair_value": 0.242879,
    "fair_value_direction": "Improving",
    "relative_strength": 4.085266,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.103609,
    "excess_performance": 0.050298,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.083081,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.037607,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.242879,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.076077,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.040853,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.002383,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.103609,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.514315,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 14179,
      "relative_activity": 0.905399,
      "balance": 1.514315,
      "dry_up": 1.426647,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.022848,
      "annualized_volatility": 0.174131,
      "from_high_reference": -0.003905,
      "from_low_reference": 0.234777
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    "levels": {
      "trend_reference": 89.494667,
      "fair_value_reference": 77.988269,
      "structural_low": 78.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 31,
        "median_return": -0.001627,
        "positive_rate": 0.483871,
        "directional_follow_through": 0.483871,
        "median_excess_return": -0.000325,
        "regime_survival": 0.741935,
        "best_return": 0.109664,
        "worst_return": -0.102938,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "directional_follow_through": 0.5,
        "median_excess_return": -0.006131,
        "regime_survival": 0.3,
        "best_return": 0.070394,
        "worst_return": -0.089359,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.04665,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.165344,
        "sufficient": true
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      {
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        "worst_return": -0.059083,
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        "regime": "deceleration",
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        "close": 87.239998,
        "volume": 3863,
        "typical_volume": 9846.35,
        "trend": 85.567997,
        "fair_value": 75.671218,
        "relative_strength": 2.50801,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 40.246433,
        "energy": 34.253765,
        "activity_lines": [
          87.406665,
          85.797817,
          86.143666,
          85.965117
        ]
      },
      {
        "date": "2026-05-08",
        "close": 88.449997,
        "volume": 17472,
        "typical_volume": 9928.05,
        "trend": 85.729664,
        "fair_value": 75.805449,
        "relative_strength": 3.846998,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 56.392894,
        "energy": 38.570464,
        "activity_lines": [
          87.919331,
          86.351453,
          86.345237,
          86.151053
        ]
      },
      {
        "date": "2026-05-15",
        "close": 88.010002,
        "volume": 55887,
        "typical_volume": 12527.4,
        "trend": 85.837997,
        "fair_value": 75.930449,
        "relative_strength": 5.276326,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 52.90209,
        "energy": 43.156767,
        "activity_lines": [
          87.957332,
          86.858362,
          86.489571,
          86.298172
        ]
      },
      {
        "date": "2026-05-22",
        "close": 91.010002,
        "volume": 25376,
        "typical_volume": 13693.2,
        "trend": 86.017,
        "fair_value": 76.08032,
        "relative_strength": 6.534766,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 68.664598,
        "energy": 50.634495,
        "activity_lines": [
          88.939334,
          87.843636,
          86.905952,
          86.631849
        ]
      },
      {
        "date": "2026-05-29",
        "close": 91.68,
        "volume": 51059,
        "typical_volume": 15626.75,
        "trend": 86.251,
        "fair_value": 76.238205,
        "relative_strength": 6.306227,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.41184,
        "energy": 58.895945,
        "activity_lines": [
          90.040667,
          88.821272,
          87.362857,
          86.997204
        ]
      },
      {
        "date": "2026-06-05",
        "close": 91.790001,
        "volume": 3487,
        "typical_volume": 13706.85,
        "trend": 86.552667,
        "fair_value": 76.398782,
        "relative_strength": 5.85895,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.807175,
        "energy": 68.086005,
        "activity_lines": [
          90.878001,
          89.617636,
          87.814095,
          87.354559
        ]
      },
      {
        "date": "2026-06-12",
        "close": 93.75,
        "volume": 3084,
        "typical_volume": 13680.0,
        "trend": 86.867667,
        "fair_value": 76.562243,
        "relative_strength": 6.253227,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.411078,
        "energy": 79.025303,
        "activity_lines": [
          92.065334,
          90.563091,
          88.435952,
          87.818903
        ]
      },
      {
        "date": "2026-06-19",
        "close": 95.279999,
        "volume": 651,
        "typical_volume": 13528.15,
        "trend": 87.316,
        "fair_value": 76.750641,
        "relative_strength": 6.914854,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.95263,
        "energy": 85.46988,
        "activity_lines": [
          93.409333,
          91.600909,
          89.171428,
          88.361634
        ]
      },
      {
        "date": "2026-06-26",
        "close": 94.169998,
        "volume": 855,
        "typical_volume": 12983.55,
        "trend": 87.656,
        "fair_value": 76.920449,
        "relative_strength": 5.984581,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.257116,
        "energy": 82.97727,
        "activity_lines": [
          93.898666,
          92.289454,
          89.762047,
          88.803828
        ]
      },
      {
        "date": "2026-07-03",
        "close": 96.160004,
        "volume": 529,
        "typical_volume": 12236.3,
        "trend": 88.043333,
        "fair_value": 77.11859,
        "relative_strength": 6.492024,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.438519,
        "energy": 89.579709,
        "activity_lines": [
          94.840667,
          93.254,
          90.512,
          89.352473
        ]
      },
      {
        "date": "2026-07-10",
        "close": 94.360001,
        "volume": 13580,
        "typical_volume": 12652.3,
        "trend": 88.377667,
        "fair_value": 77.289487,
        "relative_strength": 6.439755,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.602003,
        "energy": 81.724975,
        "activity_lines": [
          94.884001,
          93.727819,
          91.050048,
          89.76
        ]
      },
      {
        "date": "2026-07-17",
        "close": 93.169998,
        "volume": 26673,
        "typical_volume": 13402.75,
        "trend": 88.642333,
        "fair_value": 77.4525,
        "relative_strength": 4.954218,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.547464,
        "energy": 61.113358,
        "activity_lines": [
          94.359333,
          93.855818,
          91.453333,
          90.069183
        ]
      },
      {
        "date": "2026-07-24",
        "close": 93.800003,
        "volume": 28514,
        "typical_volume": 14567.25,
        "trend": 88.931,
        "fair_value": 77.61359,
        "relative_strength": 5.090867,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.750422,
        "energy": 51.79202,
        "activity_lines": [
          94.083334,
          94.012546,
          91.902857,
          90.401935
        ]
      },
      {
        "date": "2026-07-31",
        "close": 94.389999,
        "volume": 20002,
        "typical_volume": 15429.6,
        "trend": 89.206667,
        "fair_value": 77.792308,
        "relative_strength": 3.920346,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.153873,
        "energy": 42.078417,
        "activity_lines": [
          94.102667,
          94.171273,
          92.363429,
          90.754129
        ]
      },
      {
        "date": "2026-08-07",
        "close": 96.93,
        "volume": 14179,
        "typical_volume": 15660.5,
        "trend": 89.494667,
        "fair_value": 77.988269,
        "relative_strength": 4.085266,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.677485,
        "energy": 56.84317,
        "activity_lines": [
          94.954,
          94.730364,
          93.015905,
          91.252409
        ]
      }
    ],
    "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."
    }
  }
}