{
  "ticker": {
    "uuid": "a603f4a9-2e7f-4932-98aa-59443ff8bd76",
    "symbol": "CWE",
    "name": "Amundi Global Bioenergy UCITS ETF EUR 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": 67.752,
    "architecture_energy": 87.316,
    "architecture_maturity": 68.257,
    "architecture_confidence": 80.779,
    "architecture_tenure": "Extended",
    "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": 13.06,
        "rotation_up": 79.7,
        "upward_expansion": 97.53,
        "deceleration": 41.87,
        "rotation_down": 9.0,
        "downward_expansion": 21.86
      },
      "activity_lines": [
        505.316665,
        494.624545,
        481.980475,
        471.102149
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 498.799988,
    "trend_reference": 452.135,
    "distance_from_trend": 0.10321,
    "trend_direction": "Improving",
    "fair_value": 374.186538,
    "distance_from_fair_value": 0.333025,
    "fair_value_direction": "Improving",
    "relative_strength": 13.551643,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.239255,
    "excess_performance": 0.185943,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.10321,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.10117,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.333025,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.071708,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.135516,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.085565,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.239255,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.599628,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1332,
      "relative_activity": 1.112457,
      "balance": 0.599628,
      "dry_up": 1.383681,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.02917,
      "annualized_volatility": 0.193844,
      "from_high_reference": -0.050267,
      "from_low_reference": 0.501505
    },
    "levels": {
      "trend_reference": 452.135,
      "fair_value_reference": 374.186538,
      "structural_low": 401.649994,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 30,
        "median_return": 0.019334,
        "positive_rate": 0.733333,
        "directional_follow_through": 0.733333,
        "median_excess_return": -0.004364,
        "regime_survival": 0.8,
        "best_return": 0.155392,
        "worst_return": -0.139847,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.07461,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.024278,
        "regime_survival": 0.666667,
        "best_return": 0.295008,
        "worst_return": -0.05725,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.199166,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.103775,
        "regime_survival": 0.428571,
        "best_return": 0.251577,
        "worst_return": -0.073315,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.243022,
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        "directional_follow_through": 0.5,
        "median_excess_return": 0.11184,
        "regime_survival": 0.25,
        "best_return": 0.513732,
        "worst_return": -0.125154,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2023-10-20",
        "tenure": "New",
        "return": -0.019566,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2023-11-24",
        "tenure": "Developing",
        "return": 0.027957,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-01-26",
        "tenure": "Developing",
        "return": -0.020667,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-02-02",
        "end": "2024-03-29",
        "tenure": "Developing",
        "return": 0.05322,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "return": 0.003418,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-05-10",
        "tenure": "New",
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        "active": false
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      {
        "regime": "deceleration",
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        "return": -0.057224,
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      {
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        "label": "Rotation Down",
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        "return": -0.013651,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-19",
        "end": "2025-06-06",
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        "return": -0.135087,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
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        "date": "2026-05-01",
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        "date": "2026-05-15",
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        "date": "2026-07-03",
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        "relative_strength": 19.426994,
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      },
      {
        "date": "2026-07-17",
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        "volume": 747,
        "typical_volume": 1096.75,
        "trend": 437.968333,
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        "relative_strength": 24.391745,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 86.100118,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 512.200012,
        "volume": 683,
        "typical_volume": 1070.65,
        "trend": 443.17,
        "fair_value": 372.727564,
        "relative_strength": 22.794627,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-31",
        "close": 508.399994,
        "volume": 3865,
        "typical_volume": 1170.65,
        "trend": 447.99,
        "fair_value": 373.492948,
        "relative_strength": 19.160485,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.144407,
        "energy": 89.190239,
        "activity_lines": [
          505.690002,
          491.709093,
          479.274285,
          467.824086
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      },
      {
        "date": "2026-08-07",
        "close": 498.799988,
        "volume": 1332,
        "typical_volume": 1197.35,
        "trend": 452.135,
        "fair_value": 374.186538,
        "relative_strength": 13.551643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.752117,
        "energy": 87.316322,
        "activity_lines": [
          505.316665,
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      }
    ],
    "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."
    }
  }
}