{
  "ticker": {
    "uuid": "9e9e3341-d955-4d99-bf58-731561a9c826",
    "symbol": "SRIEC",
    "name": "BNP Paribas Easy MSCI Europe SRI PAB UCITS ETF Capitalisation",
    "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": 85.408,
    "architecture_energy": 84.826,
    "architecture_maturity": 33.707,
    "architecture_confidence": 91.299,
    "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": 7.01,
        "rotation_up": 64.26,
        "upward_expansion": 91.8,
        "deceleration": 47.58,
        "rotation_down": 24.51,
        "downward_expansion": 18.46
      },
      "activity_lines": [
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        40.408055,
        39.549019,
        38.910538
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 41.268002,
    "trend_reference": 38.264233,
    "distance_from_trend": 0.078501,
    "trend_direction": "Improving",
    "fair_value": 33.644007,
    "distance_from_fair_value": 0.226608,
    "fair_value_direction": "Improving",
    "relative_strength": 4.257038,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.096387,
    "excess_performance": 0.043076,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.078501,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.040362,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.226608,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.08003,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.04257,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.008006,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.096387,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.206133,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 13518,
      "relative_activity": 1.75308,
      "balance": 2.206133,
      "dry_up": 1.271041,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.015855,
      "annualized_volatility": 0.167811,
      "from_high_reference": 0.0,
      "from_low_reference": 0.222212
    },
    "levels": {
      "trend_reference": 38.264233,
      "fair_value_reference": 33.644007,
      "structural_low": 34.067001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 36,
        "median_return": 0.00377,
        "positive_rate": 0.527778,
        "directional_follow_through": 0.527778,
        "median_excess_return": -0.00153,
        "regime_survival": 0.75,
        "best_return": 0.065469,
        "worst_return": -0.073711,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
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        "directional_follow_through": 0.571429,
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        "best_return": 0.110675,
        "worst_return": -0.071186,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
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        "regime_survival": 0.625,
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        "worst_return": -0.147098,
        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": -0.073658,
        "sufficient": false
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        "regime": "rotation_down",
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          37.4664,
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          36.825898
        ]
      },
      {
        "date": "2026-05-01",
        "close": 37.243,
        "volume": 6458,
        "typical_volume": 12042.5,
        "trend": 36.478337,
        "fair_value": 32.698687,
        "relative_strength": 2.667501,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 41.181825,
        "energy": 34.881664,
        "activity_lines": [
          37.555066,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 12411.6,
        "trend": 36.550604,
        "fair_value": 32.748751,
        "relative_strength": 3.456451,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 41.127528,
        "energy": 31.593099,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 11679.9,
        "trend": 36.60107,
        "fair_value": 32.796353,
        "relative_strength": 4.002031,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 35.934477,
        "energy": 19.941971,
        "activity_lines": [
          37.376266,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 12396.6,
        "trend": 36.675734,
        "fair_value": 32.85634,
        "relative_strength": 5.52207,
        "stage": 2,
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        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 60.176065,
        "energy": 30.722595,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 38.571999,
        "volume": 3175,
        "typical_volume": 10730.25,
        "trend": 36.779734,
        "fair_value": 32.917411,
        "relative_strength": 5.056276,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 61.653804,
        "energy": 37.746017,
        "activity_lines": [
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          37.41389,
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      },
      {
        "date": "2026-06-05",
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        "volume": 1270,
        "typical_volume": 10263.15,
        "trend": 36.898467,
        "fair_value": 32.979744,
        "relative_strength": 4.265172,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.649822,
        "energy": 50.531793,
        "activity_lines": [
          38.230199,
          37.943526,
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      },
      {
        "date": "2026-06-12",
        "close": 39.231998,
        "volume": 908,
        "typical_volume": 9878.7,
        "trend": 37.0327,
        "fair_value": 33.043719,
        "relative_strength": 4.537369,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.152669,
        "energy": 70.201153,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 9442.25,
        "trend": 37.206767,
        "fair_value": 33.116667,
        "relative_strength": 4.670735,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.952466,
        "energy": 78.498732,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 39.964001,
        "volume": 676,
        "typical_volume": 9241.75,
        "trend": 37.358267,
        "fair_value": 33.188129,
        "relative_strength": 5.838074,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.060706,
        "energy": 84.553533,
        "activity_lines": [
          39.441866,
          38.832381,
          38.113752,
          37.823882
        ]
      },
      {
        "date": "2026-07-03",
        "close": 40.858002,
        "volume": 193,
        "typical_volume": 8011.05,
        "trend": 37.533667,
        "fair_value": 33.270808,
        "relative_strength": 6.489248,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.448081,
        "energy": 93.700903,
        "activity_lines": [
          40.001867,
          39.286963,
          38.407552,
          38.049671
        ]
      },
      {
        "date": "2026-07-10",
        "close": 40.259998,
        "volume": 18342,
        "typical_volume": 8573.1,
        "trend": 37.696933,
        "fair_value": 33.344815,
        "relative_strength": 6.87451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.357789,
        "energy": 87.842103,
        "activity_lines": [
          40.210133,
          39.571181,
          38.630942,
          38.225563
        ]
      },
      {
        "date": "2026-07-17",
        "close": 40.241001,
        "volume": 6088,
        "typical_volume": 8416.1,
        "trend": 37.842233,
        "fair_value": 33.417065,
        "relative_strength": 6.656056,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.683382,
        "energy": 86.772317,
        "activity_lines": [
          40.293,
          39.797091,
          38.845662,
          38.389697
        ]
      },
      {
        "date": "2026-07-24",
        "close": 40.325001,
        "volume": 16478,
        "typical_volume": 8887.95,
        "trend": 37.984533,
        "fair_value": 33.487815,
        "relative_strength": 6.290236,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.252487,
        "energy": 85.133262,
        "activity_lines": [
          40.336601,
          39.989327,
          39.064085,
          38.549875
        ]
      },
      {
        "date": "2026-07-31",
        "close": 40.431999,
        "volume": 3120,
        "typical_volume": 7634.1,
        "trend": 38.1252,
        "fair_value": 33.56334,
        "relative_strength": 4.736203,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.473138,
        "energy": 74.489588,
        "activity_lines": [
          40.370733,
          40.141254,
          39.276257,
          38.707776
        ]
      },
      {
        "date": "2026-08-07",
        "close": 41.268002,
        "volume": 13518,
        "typical_volume": 7711.0,
        "trend": 38.264233,
        "fair_value": 33.644007,
        "relative_strength": 4.257038,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.408229,
        "energy": 84.825791,
        "activity_lines": [
          40.652334,
          40.408055,
          39.549019,
          38.910538
        ]
      }
    ],
    "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."
    }
  }
}