{ "ticker": { "uuid": "b4ddcf44-7824-4671-ac3b-634423f0a458", "symbol": "ENAM", "name": "BNP Paribas Easy MSCI USA Min TE UCITS ETF Cap", "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": 83.682, "architecture_energy": 67.522, "architecture_maturity": 84.974, "architecture_confidence": 74.782, "architecture_tenure": "Established", "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": 16.4, "rotation_up": 53.68, "upward_expansion": 83.0, "deceleration": 71.29, "rotation_down": 28.99, "downward_expansion": 12.0 }, "activity_lines": [ 30.149453, 30.024312, 29.566363, 28.876124 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 30.765699, "trend_reference": 28.073667, "distance_from_trend": 0.095892, "trend_direction": "Improving", "fair_value": 24.093506, "distance_from_fair_value": 0.276929, "fair_value_direction": "Improving", "relative_strength": 5.350697, "relative_strength_direction": "Weakening", "price_momentum": 0.156205, "excess_performance": 0.102894, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.095892, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039745, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.276929, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.041148, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.053507, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.034736, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.156205, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.498954, "read": "Demand-led" } ], "volume": { "latest": 238627, "relative_activity": 2.452695, "balance": 2.498954, "dry_up": 1.382026, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.018641, "annualized_volatility": 0.11832, "from_high_reference": -0.003547, "from_low_reference": 0.233554 }, "levels": { "trend_reference": 28.073667, "fair_value_reference": 24.093506, "structural_low": 25.294201, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 38, "median_return": 0.012121, "positive_rate": 0.631579, "directional_follow_through": 0.631579, "median_excess_return": -0.000945, "regime_survival": 0.815789, "best_return": 0.06848, "worst_return": -0.104562, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.038611, "positive_rate": 0.785714, "directional_follow_through": 0.785714, "median_excess_return": 0.019588, "regime_survival": 0.571429, "best_return": 0.127898, "worst_return": -0.090191, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.073202, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.029752, "regime_survival": 0.571429, "best_return": 0.186619, "worst_return": -0.087632, "sufficient": true }, { 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28.114386 ] }, { "date": "2026-07-10", "close": 30.2775, "volume": 172300, "typical_volume": 98966.2, "trend": 27.643157, "fair_value": 23.801433, "relative_strength": 9.216071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.974918, "energy": 70.856571, "activity_lines": [ 29.953839, 29.760178, 28.9081, 28.292376 ] }, { "date": "2026-07-17", "close": 29.9545, "volume": 118918, "typical_volume": 101642.8, "trend": 27.75258, "fair_value": 23.873429, "relative_strength": 7.777781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.858131, "energy": 66.941068, "activity_lines": [ 29.999233, 29.832625, 29.08661, 28.441495 ] }, { "date": "2026-07-24", "close": 29.9484, "volume": 124308, "typical_volume": 100325.2, "trend": 27.861433, "fair_value": 23.944317, "relative_strength": 7.071671, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.628652, "energy": 64.988334, "activity_lines": [ 30.001866, 29.879252, 29.247821, 28.583161 ] }, { "date": "2026-07-31", "close": 29.5954, "volume": 55986, "typical_volume": 96801.1, "trend": 27.958737, "fair_value": 24.014727, "relative_strength": 3.973054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.182886, "energy": 60.034384, "activity_lines": [ 29.881767, 29.846629, 29.358919, 28.69503 ] }, { "date": "2026-08-07", "close": 30.765699, "volume": 238627, "typical_volume": 97291.75, "trend": 28.073667, "fair_value": 24.093506, "relative_strength": 5.350697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.682194, "energy": 67.521646, "activity_lines": [ 30.149453, 30.024312, 29.566363, 28.876124 ] } ], "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." } } }