{
  "ticker": {
    "uuid": "a88e8e95-c0cf-4f01-b953-cdfc670e482a",
    "symbol": "AAA",
    "name": "Alan Allman Associates",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -79.524,
    "architecture_energy": 70.711,
    "architecture_maturity": 100.0,
    "architecture_confidence": 93.19,
    "architecture_tenure": "Extended",
    "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": 0.52,
        "rotation_up": 25.25,
        "upward_expansion": 12.0,
        "deceleration": 49.14,
        "rotation_down": 68.14,
        "downward_expansion": 90.0
      },
      "activity_lines": [
        1.693333,
        1.781273,
        2.004,
        2.237505
      ],
      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": -1.0
    },
    "latest_close": 1.61,
    "trend_reference": 2.566667,
    "distance_from_trend": -0.372727,
    "trend_direction": "Weakening",
    "fair_value": 5.892947,
    "distance_from_fair_value": -0.726792,
    "fair_value_direction": "Weakening",
    "relative_strength": -51.445057,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.54,
    "excess_performance": -0.593311,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.372727,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.185271,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.726792,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.100848,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.514451,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.186158,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.54,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.466219,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 7420,
      "relative_activity": 2.856428,
      "balance": 0.466219,
      "dry_up": 1.352376,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.116101,
      "annualized_volatility": 0.484572,
      "from_high_reference": -0.639013,
      "from_low_reference": 0.15
    },
    "levels": {
      "trend_reference": 2.566667,
      "fair_value_reference": 5.892947,
      "structural_low": 1.4,
      "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": 37,
        "median_return": -0.032258,
        "positive_rate": 0.324324,
        "directional_follow_through": 0.621622,
        "median_excess_return": -0.027846,
        "regime_survival": 0.864865,
        "best_return": 0.47929,
        "worst_return": -0.362264,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": -0.07489,
        "positive_rate": 0.153846,
        "directional_follow_through": 0.846154,
        "median_excess_return": -0.104465,
        "regime_survival": 0.769231,
        "best_return": 0.141026,
        "worst_return": -0.440299,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "positive_rate": 0.142857,
        "directional_follow_through": 0.857143,
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        "worst_return": -0.434921,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
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        "regime_survival": 0.333333,
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        "worst_return": -0.502059,
        "sufficient": false
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        "regime": "downward_expansion",
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        "start": "2023-03-17",
        "end": "2023-03-31",
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        "regime": "balance",
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        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      },
      {
        "date": "2026-05-01",
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        "fair_value": 6.73346,
        "relative_strength": -28.754985,
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        "date": "2026-05-08",
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        "date": "2026-05-15",
        "close": 2.5,
        "volume": 3524,
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        "activity_lines": [
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          3.045118
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      },
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        "date": "2026-05-22",
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        "trend": 3.230667,
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        "relative_strength": -31.441826,
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        "energy": 78.911248,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 10627,
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        "date": "2026-06-05",
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        "relative_strength": -44.289921,
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -45.763672,
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        "gate": "down",
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        "energy": 89.220632,
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          2.395476,
          2.626344
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      },
      {
        "date": "2026-07-03",
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        "trend": 2.866667,
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        "relative_strength": -45.710931,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
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          2.56086
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 2700.7,
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        "fair_value": 6.156279,
        "relative_strength": -43.782184,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.088295,
        "energy": 76.19179,
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          1.902,
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          2.263286,
          2.498495
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      },
      {
        "date": "2026-07-17",
        "close": 1.89,
        "volume": 2377,
        "typical_volume": 2440.7,
        "trend": 2.768667,
        "fair_value": 6.09383,
        "relative_strength": -43.241443,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.62168,
        "energy": 66.294303,
        "activity_lines": [
          1.899333,
          1.945636,
          2.206333,
          2.438925
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.89,
        "volume": 24,
        "typical_volume": 2260.85,
        "trend": 2.712333,
        "fair_value": 6.030106,
        "relative_strength": -42.592733,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.453419,
        "energy": 64.860846,
        "activity_lines": [
          1.894,
          1.918,
          2.154667,
          2.382237
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      },
      {
        "date": "2026-07-31",
        "close": 1.5,
        "volume": 4231,
        "typical_volume": 2314.3,
        "trend": 2.641,
        "fair_value": 5.962927,
        "relative_strength": -54.414926,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -92.127327,
        "energy": 74.018398,
        "activity_lines": [
          1.762,
          1.830545,
          2.071143,
          2.304022
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.61,
        "volume": 7420,
        "typical_volume": 2597.65,
        "trend": 2.566667,
        "fair_value": 5.892947,
        "relative_strength": -51.445057,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.52357,
        "energy": 70.711385,
        "activity_lines": [
          1.693333,
          1.781273,
          2.004,
          2.237505
        ]
      }
    ],
    "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."
    }
  }
}