{
  "ticker": {
    "uuid": "a31884fa-74ad-423e-ba77-939c4e454228",
    "symbol": "RNO",
    "name": "Renault SA",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 68.48,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -15.855,
    "architecture_energy": 10.315,
    "architecture_maturity": 41.341,
    "architecture_confidence": 79.584,
    "architecture_tenure": "Developing",
    "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": 47.79,
        "rotation_up": 31.46,
        "upward_expansion": 16.98,
        "deceleration": 39.54,
        "rotation_down": 29.74,
        "downward_expansion": 64.65
      },
      "activity_lines": [
        27.3,
        26.940728,
        27.295213,
        27.490067
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 28.67,
    "trend_reference": 27.924437,
    "distance_from_trend": 0.026699,
    "trend_direction": "Weakening",
    "fair_value": 34.830617,
    "distance_from_fair_value": -0.176874,
    "fair_value_direction": "Improving",
    "relative_strength": -22.49956,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.003611,
    "excess_performance": -0.177858,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.026699,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.068687,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.176874,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.018141,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.224996,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.043582,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.003611,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.862195,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 9079,
      "relative_activity": 1.007379,
      "balance": 1.862195,
      "dry_up": 1.70466,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.057659,
      "annualized_volatility": 0.356415,
      "from_high_reference": -0.185251,
      "from_low_reference": 0.145977
    },
    "levels": {
      "trend_reference": 27.924437,
      "fair_value_reference": 34.830617,
      "structural_low": 25.017958,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 27,
        "median_return": 0.023887,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.00353,
        "regime_survival": 0.703704,
        "best_return": 0.259435,
        "worst_return": -0.203314,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": 0.017073,
        "positive_rate": 0.818182,
        "directional_follow_through": 0.181818,
        "median_excess_return": -0.006227,
        "regime_survival": 0.454545,
        "best_return": 0.361314,
        "worst_return": -0.11625,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.064883,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.285714,
        "median_excess_return": 0.003164,
        "regime_survival": 0.142857,
        "best_return": 0.289144,
        "worst_return": -0.101163,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.130319,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.147209,
        "regime_survival": 0.5,
        "best_return": 0.544308,
        "worst_return": -0.296306,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-05",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.195574,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-16",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": -0.065641,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-27",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": 0.071186,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-20",
        "tenure": "New",
        "return": 0.029314,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-01-24",
        "tenure": "Developing",
        "return": 0.048026,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-31",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.027027,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-05-23",
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        "return": 0.061515,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.056397,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": -0.082116,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-04",
        "end": "2025-11-28",
        "tenure": "Established",
        "return": -0.156814,
        "active": false
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      {
        "regime": "balance",
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        "active": true
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        "date": "2026-05-01",
        "close": 27.500231,
        "volume": 8016,
        "typical_volume": 10974.5,
        "trend": 30.447038,
        "fair_value": 35.157629,
        "relative_strength": -28.960943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.783152,
        "energy": 23.075993,
        "activity_lines": [
          28.229727,
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          28.39136,
          29.348514
        ]
      },
      {
        "date": "2026-05-08",
        "close": 28.299999,
        "volume": 1357,
        "typical_volume": 10902.3,
        "trend": 30.300775,
        "fair_value": 35.155914,
        "relative_strength": -26.857754,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.500918,
        "energy": 18.370255,
        "activity_lines": [
          28.211212,
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          28.290666,
          29.209995
        ]
      },
      {
        "date": "2026-05-15",
        "close": 28.280001,
        "volume": 10262,
        "typical_volume": 11327.55,
        "trend": 30.175537,
        "fair_value": 35.1532,
        "relative_strength": -25.417914,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.13708,
        "energy": 23.463031,
        "activity_lines": [
          28.158124,
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          28.213345,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 27.74,
        "volume": 15267,
        "typical_volume": 12022.2,
        "trend": 30.036329,
        "fair_value": 35.151566,
        "relative_strength": -27.179399,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.822338,
        "energy": 27.318555,
        "activity_lines": [
          27.953624,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 29.620001,
        "volume": 15010,
        "typical_volume": 12211.55,
        "trend": 29.983959,
        "fair_value": 35.166114,
        "relative_strength": -23.242943,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.411747,
        "energy": 8.36014,
        "activity_lines": [
          28.533349,
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          28.895632
        ]
      },
      {
        "date": "2026-06-05",
        "close": 26.76,
        "volume": 1117,
        "typical_volume": 11840.4,
        "trend": 29.818901,
        "fair_value": 35.158253,
        "relative_strength": -28.917719,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.307458,
        "energy": 22.834964,
        "activity_lines": [
          28.024,
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        ]
      },
      {
        "date": "2026-06-12",
        "close": 27.73,
        "volume": 4001,
        "typical_volume": 11221.25,
        "trend": 29.597856,
        "fair_value": 35.133029,
        "relative_strength": -27.317274,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.399479,
        "energy": 19.755483,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 27.889999,
        "volume": 5501,
        "typical_volume": 11113.05,
        "trend": 29.481002,
        "fair_value": 35.117557,
        "relative_strength": -28.989008,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -34.009393,
        "energy": 17.945398,
        "activity_lines": [
          27.842,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 25.950001,
        "volume": 353,
        "typical_volume": 10286.05,
        "trend": 29.289564,
        "fair_value": 35.08508,
        "relative_strength": -31.743679,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -65.16188,
        "energy": 47.098439,
        "activity_lines": [
          27.176,
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          27.762602,
          28.214876
        ]
      },
      {
        "date": "2026-07-03",
        "close": 26.450001,
        "volume": 426,
        "typical_volume": 9610.3,
        "trend": 29.017486,
        "fair_value": 35.048943,
        "relative_strength": -31.106637,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.233646,
        "energy": 50.453863,
        "activity_lines": [
          26.796,
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          27.618354,
          28.031678
        ]
      },
      {
        "date": "2026-07-10",
        "close": 25.77,
        "volume": 6639,
        "typical_volume": 8297.2,
        "trend": 28.721191,
        "fair_value": 35.002072,
        "relative_strength": -31.002565,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.037989,
        "energy": 59.485817,
        "activity_lines": [
          26.400667,
          27.005818,
          27.427495,
          27.822163
        ]
      },
      {
        "date": "2026-07-17",
        "close": 26.08,
        "volume": 10414,
        "typical_volume": 8387.3,
        "trend": 28.470248,
        "fair_value": 34.952402,
        "relative_strength": -28.160701,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.423482,
        "energy": 60.75518,
        "activity_lines": [
          26.174667,
          26.756909,
          27.28613,
          27.651763
        ]
      },
      {
        "date": "2026-07-24",
        "close": 25.940001,
        "volume": 8298,
        "typical_volume": 7978.65,
        "trend": 28.226104,
        "fair_value": 34.898934,
        "relative_strength": -28.846604,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.216215,
        "energy": 56.747033,
        "activity_lines": [
          26.012001,
          26.522909,
          27.149883,
          27.488522
        ]
      },
      {
        "date": "2026-07-31",
        "close": 27.6,
        "volume": 33662,
        "typical_volume": 8904.05,
        "trend": 28.01994,
        "fair_value": 34.85474,
        "relative_strength": -23.681756,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.467074,
        "energy": 31.210194,
        "activity_lines": [
          26.532667,
          26.633273,
          27.173936,
          27.448128
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.67,
        "volume": 9079,
        "typical_volume": 9012.5,
        "trend": 27.924437,
        "fair_value": 34.830617,
        "relative_strength": -22.49956,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -15.854539,
        "energy": 10.315274,
        "activity_lines": [
          27.3,
          26.940728,
          27.295213,
          27.490067
        ]
      }
    ],
    "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."
    }
  }
}