{
  "ticker": {
    "uuid": "8b576639-42b9-481a-94ad-149f11a89867",
    "symbol": "ALMOU",
    "name": "Moulinvest 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": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 78.74,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -74.211,
    "architecture_energy": 80.424,
    "architecture_maturity": 13.275,
    "architecture_confidence": 80.046,
    "architecture_tenure": "New",
    "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": 14.93,
        "rotation_up": 8.39,
        "upward_expansion": 17.85,
        "deceleration": 37.01,
        "rotation_down": 82.53,
        "downward_expansion": 95.85
      },
      "activity_lines": [
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        23.226965
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 21.4,
    "trend_reference": 23.54062,
    "distance_from_trend": -0.090933,
    "trend_direction": "Improving",
    "fair_value": 19.242523,
    "distance_from_fair_value": 0.11212,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.148038,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.149467,
    "excess_performance": -0.202778,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.090933,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.026072,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.11212,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.085554,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.10148,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.19011,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.149467,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.296594,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2361,
      "relative_activity": 0.895268,
      "balance": 0.296594,
      "dry_up": 1.932732,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.048167,
      "annualized_volatility": 0.194294,
      "from_high_reference": -0.167315,
      "from_low_reference": 0.215047
    },
    "levels": {
      "trend_reference": 23.54062,
      "fair_value_reference": 19.242523,
      "structural_low": 20.1,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 28,
        "median_return": -0.024439,
        "positive_rate": 0.357143,
        "directional_follow_through": 0.642857,
        "median_excess_return": -0.03054,
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        "worst_return": -0.146341,
        "sufficient": true
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        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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        "regime": "rotation_up",
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        "gate": "up",
        "direction": 46.534277,
        "energy": 26.988568,
        "activity_lines": [
          23.96,
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 24.299999,
        "volume": 2590,
        "typical_volume": 5473.3,
        "trend": 22.402325,
        "fair_value": 19.409036,
        "relative_strength": 14.825679,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 26.956752,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "volume": 2614,
        "typical_volume": 5394.15,
        "trend": 22.527729,
        "fair_value": 19.390415,
        "relative_strength": 9.495716,
        "stage": 2,
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        "energy": 11.0768,
        "activity_lines": [
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          23.372774
        ]
      },
      {
        "date": "2026-05-08",
        "close": 23.200001,
        "volume": 2425,
        "typical_volume": 5209.3,
        "trend": 22.626822,
        "fair_value": 19.370871,
        "relative_strength": 8.862912,
        "stage": 2,
        "regime": "deceleration",
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        "direction": 12.867232,
        "energy": 9.877192,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 23.299999,
        "volume": 4398,
        "typical_volume": 5305.3,
        "trend": 22.706225,
        "fair_value": 19.350734,
        "relative_strength": 10.774371,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 9.712659,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 687,
        "typical_volume": 5205.1,
        "trend": 22.856475,
        "fair_value": 19.334678,
        "relative_strength": 9.185404,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.955662,
        "energy": 11.515167,
        "activity_lines": [
          23.433333,
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          23.51724
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      },
      {
        "date": "2026-05-29",
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        "volume": 2099,
        "typical_volume": 4717.1,
        "trend": 22.942456,
        "fair_value": 19.316083,
        "relative_strength": 6.236395,
        "stage": 2,
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        "modifier": "Recompressing",
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        "energy": 9.621349,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 23.1,
        "volume": 15,
        "typical_volume": 4112.15,
        "trend": 23.002036,
        "fair_value": 19.297438,
        "relative_strength": 4.212283,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "energy": 8.475943,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 954,
        "typical_volume": 3935.5,
        "trend": 23.124684,
        "fair_value": 19.309623,
        "relative_strength": 7.790367,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 19.320168,
        "relative_strength": 4.865667,
        "stage": 2,
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        "modifier": "Recompressing",
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        "energy": 15.233918,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 30,
        "typical_volume": 3272.7,
        "trend": 23.412116,
        "fair_value": 19.329333,
        "relative_strength": 2.420897,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.433224,
        "energy": 8.892326,
        "activity_lines": [
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          23.685238,
          23.708723
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      },
      {
        "date": "2026-07-03",
        "close": 23.5,
        "volume": 126,
        "typical_volume": 2650.5,
        "trend": 23.508053,
        "fair_value": 19.329585,
        "relative_strength": 1.140882,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.665267,
        "energy": 10.922825,
        "activity_lines": [
          23.666667,
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          23.714393
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      },
      {
        "date": "2026-07-10",
        "close": 23.5,
        "volume": 1072,
        "typical_volume": 2407.55,
        "trend": 23.597411,
        "fair_value": 19.324599,
        "relative_strength": 2.925935,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -6.633044,
        "energy": 3.977859,
        "activity_lines": [
          23.606667,
          23.589091,
          23.626667,
          23.713873
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      },
      {
        "date": "2026-07-17",
        "close": 22.700001,
        "volume": 1975,
        "typical_volume": 2192.75,
        "trend": 23.656815,
        "fair_value": 19.31356,
        "relative_strength": -0.759073,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "down",
        "direction": -61.117496,
        "energy": 45.082026,
        "activity_lines": [
          23.253334,
          23.438182,
          23.533333,
          23.655976
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.5,
        "volume": 9556,
        "typical_volume": 2455.7,
        "trend": 23.653195,
        "fair_value": 19.296061,
        "relative_strength": -6.372014,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.809615,
        "energy": 68.971654,
        "activity_lines": [
          22.613334,
          23.078182,
          23.330952,
          23.516827
        ]
      },
      {
        "date": "2026-07-31",
        "close": 21.4,
        "volume": 6496,
        "typical_volume": 2635.2,
        "trend": 23.639664,
        "fair_value": 19.270525,
        "relative_strength": -8.205144,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.204521,
        "energy": 78.452855,
        "activity_lines": [
          22.106667,
          22.732727,
          23.129524,
          23.371459
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.4,
        "volume": 2361,
        "typical_volume": 2637.2,
        "trend": 23.54062,
        "fair_value": 19.242523,
        "relative_strength": -10.148038,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.21098,
        "energy": 80.424084,
        "activity_lines": [
          21.733333,
          22.427273,
          22.937143,
          23.226965
        ]
      }
    ],
    "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."
    }
  }
}