{
  "ticker": {
    "uuid": "964bde3f-9b24-4860-80ab-51a923558d7a",
    "symbol": "POMRY",
    "name": "MAISON POMMERY & ASSOCIES",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 51.973,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 9.659,
    "architecture_energy": 13.384,
    "architecture_maturity": 20.398,
    "architecture_confidence": 66.408,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 57.64,
        "rotation_up": 39.73,
        "upward_expansion": 39.59,
        "deceleration": 37.56,
        "rotation_down": 30.47,
        "downward_expansion": 19.25
      },
      "activity_lines": [
        10.906667,
        10.919091,
        10.653619,
        10.592172
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": 0.166667
    },
    "latest_close": 10.55,
    "trend_reference": 10.645667,
    "distance_from_trend": -0.008986,
    "trend_direction": "Weakening",
    "fair_value": 12.389501,
    "distance_from_fair_value": -0.148473,
    "fair_value_direction": "Improving",
    "relative_strength": -11.370725,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.074561,
    "excess_performance": -0.127873,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.008986,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.012064,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.148473,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.099134,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.113707,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.046245,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.074561,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.658329,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 36303,
      "relative_activity": 2.684131,
      "balance": 0.658329,
      "dry_up": 1.220883,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.06533,
      "annualized_volatility": 0.328957,
      "from_high_reference": -0.184395,
      "from_low_reference": 0.146739
    },
    "levels": {
      "trend_reference": 10.645667,
      "fair_value_reference": 12.389501,
      "structural_low": 9.2,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": -0.039823,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.038368,
        "regime_survival": 0.285714,
        "best_return": 0.052209,
        "worst_return": -0.084375,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.069697,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.040584,
        "regime_survival": 0.0,
        "best_return": 0.067647,
        "worst_return": -0.078125,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.019234,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.097463,
        "regime_survival": 0.0,
        "best_return": 0.102811,
        "worst_return": -0.115152,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.030927,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.158605,
        "regime_survival": 0.333333,
        "best_return": 0.089987,
        "worst_return": -0.174748,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-05",
        "end": "2024-10-04",
        "tenure": "Established",
        "return": 0.008722,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-11",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.035461,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2025-05-23",
        "tenure": "Extended",
        "return": -0.031128,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-13",
        "tenure": "New",
        "return": -0.053498,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-20",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.141593,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-11",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.007937,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-01",
        "end": "2025-08-08",
        "tenure": "New",
        "return": 0.004016,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-15",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.037054,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-24",
        "end": "2025-11-07",
        "tenure": "New",
        "return": -0.030043,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-14",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.036036,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-19",
        "end": "2026-01-09",
        "tenure": "New",
        "return": 0.026549,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-16",
        "end": "2026-02-20",
        "tenure": "Developing",
        "return": -0.043668,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-27",
        "end": "2026-06-19",
        "tenure": "Established",
        "return": 0.066038,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-06-26",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.066372,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 15.596491,
        "volume": 4328,
        "typical_volume": 9085.75,
        "trend": 15.500732,
        "fair_value": 14.13723,
        "relative_strength": 0.740821,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 7.087419,
        "energy": 10.089468,
        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
      {
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        "modifier": "Momentum cooling",
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        "activity_lines": [
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      },
      {
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        "direction": -25.000269,
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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      },
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        "date": "2026-04-24",
        "close": 10.25,
        "volume": 14701,
        "typical_volume": 9011.55,
        "trend": 11.138333,
        "fair_value": 12.915134,
        "relative_strength": -12.05856,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 40.43211,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 10813.25,
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        "fair_value": 12.878018,
        "relative_strength": -15.71196,
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        "energy": 48.046209,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
        "close": 9.66,
        "volume": 31266,
        "typical_volume": 11931.95,
        "trend": 10.991667,
        "fair_value": 12.839022,
        "relative_strength": -15.995212,
        "stage": 4,
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        "energy": 57.857729,
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      },
      {
        "date": "2026-05-15",
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        "volume": 18741,
        "typical_volume": 12739.4,
        "trend": 10.926667,
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        "relative_strength": -14.480115,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
        "direction": -70.85276,
        "energy": 68.915197,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 13645.75,
        "trend": 10.855,
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        "relative_strength": -16.68258,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.620996,
        "energy": 74.190774,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 9.52,
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        "typical_volume": 13896.2,
        "trend": 10.775667,
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        "relative_strength": -16.842624,
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      },
      {
        "date": "2026-06-05",
        "close": 11.0,
        "volume": 5408,
        "typical_volume": 13620.15,
        "trend": 10.765667,
        "fair_value": 12.678104,
        "relative_strength": -4.28395,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 22.478782,
        "activity_lines": [
          10.029333,
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      },
      {
        "date": "2026-06-12",
        "close": 11.3,
        "volume": 5406,
        "typical_volume": 13489.5,
        "trend": 10.772333,
        "fair_value": 12.646886,
        "relative_strength": -3.16237,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -3.225633,
        "energy": 13.572135,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 13189.7,
        "trend": 10.772333,
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        "relative_strength": -3.892681,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 30.011169,
        "energy": 36.576061,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 11.3,
        "volume": 469,
        "typical_volume": 12852.95,
        "trend": 10.769,
        "fair_value": 12.590466,
        "relative_strength": -3.382327,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 29.853339,
        "energy": 43.839085,
        "activity_lines": [
          11.141333,
          10.615091,
          10.432762,
          10.554151
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      },
      {
        "date": "2026-07-03",
        "close": 10.2,
        "volume": 1260,
        "typical_volume": 12543.3,
        "trend": 10.727333,
        "fair_value": 12.551922,
        "relative_strength": -13.600247,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 10.665794,
        "energy": 32.162289,
        "activity_lines": [
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          10.409571,
          10.517441
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      },
      {
        "date": "2026-07-10",
        "close": 10.9,
        "volume": 8259,
        "typical_volume": 11597.9,
        "trend": 10.707333,
        "fair_value": 12.517817,
        "relative_strength": -5.527727,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 19.49918,
        "energy": 31.581279,
        "activity_lines": [
          10.873333,
          10.700727,
          10.45781,
          10.528581
        ]
      },
      {
        "date": "2026-07-17",
        "close": 11.0,
        "volume": 4405,
        "typical_volume": 11289.5,
        "trend": 10.697333,
        "fair_value": 12.485782,
        "relative_strength": -4.438619,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.522135,
        "energy": 19.48836,
        "activity_lines": [
          10.873333,
          10.804727,
          10.51581,
          10.547462
        ]
      },
      {
        "date": "2026-07-24",
        "close": 10.85,
        "volume": 7147,
        "typical_volume": 11379.15,
        "trend": 10.679,
        "fair_value": 12.452785,
        "relative_strength": -5.81807,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 12.015357,
        "energy": 9.323916,
        "activity_lines": [
          10.843333,
          10.857091,
          10.557619,
          10.557312
        ]
      },
      {
        "date": "2026-07-31",
        "close": 11.35,
        "volume": 18195,
        "typical_volume": 12062.95,
        "trend": 10.680667,
        "fair_value": 12.423278,
        "relative_strength": -2.771564,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 40.977534,
        "energy": 30.793775,
        "activity_lines": [
          11.01,
          10.977636,
          10.646095,
          10.600602
        ]
      },
      {
        "date": "2026-08-07",
        "close": 10.55,
        "volume": 36303,
        "typical_volume": 13525.05,
        "trend": 10.645667,
        "fair_value": 12.389501,
        "relative_strength": -11.370725,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 9.658909,
        "energy": 13.384481,
        "activity_lines": [
          10.906667,
          10.919091,
          10.653619,
          10.592172
        ]
      }
    ],
    "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."
    }
  }
}