{
  "ticker": {
    "uuid": "b2708b66-f837-4e21-838d-9f578d089f54",
    "symbol": "CC1",
    "name": "Amundi MSCI China Tech UCITS ETF EUR",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 72.409,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -61.24,
    "architecture_energy": 51.241,
    "architecture_maturity": 13.892,
    "architecture_confidence": 81.513,
    "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": 20.09,
        "rotation_up": 13.72,
        "upward_expansion": 7.23,
        "deceleration": 47.14,
        "rotation_down": 65.53,
        "downward_expansion": 80.56
      },
      "activity_lines": [
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        283.080712,
        285.472902
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 282.649994,
    "trend_reference": 289.496666,
    "distance_from_trend": -0.02365,
    "trend_direction": "Weakening",
    "fair_value": 245.618732,
    "distance_from_fair_value": 0.150767,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.765608,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.046068,
    "excess_performance": -0.09938,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.02365,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.018339,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.150767,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.085698,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.097656,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.159186,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.046068,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.518315,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.654893,
      "balance": 0.518315,
      "dry_up": 1.229862,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.031705,
      "annualized_volatility": 0.194137,
      "from_high_reference": -0.138262,
      "from_low_reference": 0.106695
    },
    "levels": {
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      "fair_value_reference": 245.618732,
      "structural_low": 262.549988,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 22,
        "median_return": 0.00914,
        "positive_rate": 0.590909,
        "directional_follow_through": 0.409091,
        "median_excess_return": -0.006607,
        "regime_survival": 0.727273,
        "best_return": 0.31164,
        "worst_return": -0.079956,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.144346,
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      },
      {
        "date": "2026-05-01",
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        "date": "2026-05-08",
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      {
        "date": "2026-05-15",
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      {
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      {
        "date": "2026-06-05",
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      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 245.451104,
        "relative_strength": -6.551709,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.387896,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 6471.1,
        "trend": 291.69,
        "fair_value": 245.509437,
        "relative_strength": -11.700064,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.40819,
        "energy": 85.624353,
        "activity_lines": [
          275.439998,
          281.101817,
          286.204524,
          288.391936
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      },
      {
        "date": "2026-07-24",
        "close": 269.799988,
        "volume": 5012,
        "typical_volume": 5846.45,
        "trend": 291.036667,
        "fair_value": 245.460078,
        "relative_strength": -10.362711,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.573379,
        "energy": 80.077553,
        "activity_lines": [
          272.449996,
          278.194542,
          284.497618,
          286.979677
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      },
      {
        "date": "2026-07-31",
        "close": 275.399994,
        "volume": 2746,
        "typical_volume": 4765.1,
        "trend": 290.368333,
        "fair_value": 245.454629,
        "relative_strength": -9.96423,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.888407,
        "energy": 73.145131,
        "activity_lines": [
          272.726662,
          276.828178,
          283.390237,
          285.97086
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      },
      {
        "date": "2026-08-07",
        "close": 282.649994,
        "volume": 2874,
        "typical_volume": 4388.5,
        "trend": 289.496666,
        "fair_value": 245.618732,
        "relative_strength": -9.765608,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.240165,
        "energy": 51.240531,
        "activity_lines": [
          275.586662,
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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."
    }
  }
}