{
  "ticker": {
    "uuid": "a65b7889-013b-4695-980c-d90403625041",
    "symbol": "CI2",
    "name": "Amundi Index Solutions - Amundi MSCI India Swap II 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": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 63.608,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 39.156,
    "architecture_energy": 28.171,
    "architecture_maturity": 13.721,
    "architecture_confidence": 43.274,
    "architecture_tenure": "New",
    "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": 35.53,
        "rotation_up": 50.45,
        "upward_expansion": 49.36,
        "deceleration": 39.35,
        "rotation_down": 25.81,
        "downward_expansion": 10.03
      },
      "activity_lines": [
        811.941992,
        809.783158,
        800.370203,
        798.181094
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 821.049988,
    "trend_reference": 802.599109,
    "distance_from_trend": 0.022989,
    "trend_direction": "Weakening",
    "fair_value": 882.336844,
    "distance_from_fair_value": -0.06946,
    "fair_value_direction": "Improving",
    "relative_strength": -7.880433,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.035743,
    "excess_performance": -0.089054,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.022989,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.030947,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.06946,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.028675,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.078804,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.013467,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.035743,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.094623,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 477,
      "relative_activity": 1.223861,
      "balance": 1.094623,
      "dry_up": 1.25016,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.022703,
      "annualized_volatility": 0.167694,
      "from_high_reference": -0.103478,
      "from_low_reference": 0.133042
    },
    "levels": {
      "trend_reference": 802.599109,
      "fair_value_reference": 882.336844,
      "structural_low": 724.642395,
      "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": 5,
        "median_return": 0.010517,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.000191,
        "regime_survival": 0.2,
        "best_return": 0.02812,
        "worst_return": -0.078657,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.006026,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.035745,
        "regime_survival": 0.0,
        "best_return": 0.044353,
        "worst_return": -0.052565,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.003057,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.075904,
        "regime_survival": 0.0,
        "best_return": 0.086282,
        "worst_return": -0.127753,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.072865,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.047387,
        "regime_survival": 0.0,
        "best_return": 0.270086,
        "worst_return": -0.124356,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
        "end": "2024-08-16",
        "tenure": "Extended",
        "return": 0.208536,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-09-06",
        "tenure": "New",
        "return": -0.000609,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-13",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.051463,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-15",
        "end": "2024-11-29",
        "tenure": "New",
        "return": 0.037636,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-06",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": -0.060315,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": 0.022857,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.050574,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-08",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": 0.046053,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-24",
        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.002654,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-11-21",
        "end": "2025-12-12",
        "tenure": "New",
        "return": -0.040294,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-19",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": -0.066368,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
        "end": "2026-06-19",
        "tenure": "Established",
        "return": -0.010784,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-26",
        "end": "2026-07-10",
        "tenure": "New",
        "return": -0.005855,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.018913,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2026-04-10",
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      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
        "close": 805.809998,
        "volume": 1159,
        "typical_volume": 529.3,
        "trend": 809.116726,
        "fair_value": 881.128499,
        "relative_strength": -6.426217,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 21.017378,
        "energy": 44.381862,
        "activity_lines": [
          811.005339,
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          793.773987,
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      },
      {
        "date": "2026-07-24",
        "close": 798.5,
        "volume": 118,
        "typical_volume": 466.8,
        "trend": 806.581,
        "fair_value": 881.401242,
        "relative_strength": -7.363338,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -0.554064,
        "energy": 22.390564,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 813.799988,
        "volume": 195,
        "typical_volume": 420.35,
        "trend": 804.174312,
        "fair_value": 881.831207,
        "relative_strength": -6.766094,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.97449,
        "energy": 23.207164,
        "activity_lines": [
          807.904663,
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      },
      {
        "date": "2026-08-07",
        "close": 821.049988,
        "volume": 477,
        "typical_volume": 389.75,
        "trend": 802.599109,
        "fair_value": 882.336844,
        "relative_strength": -7.880433,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 39.156255,
        "energy": 28.171346,
        "activity_lines": [
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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."
    }
  }
}