{
  "ticker": {
    "uuid": "ba43d513-f004-49a4-b877-494f85cf6357",
    "symbol": "EEUE",
    "name": "BNP Paribas Easy MSCI Europe 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": 84.313,
    "architecture_energy": 78.036,
    "architecture_maturity": 40.331,
    "architecture_confidence": 85.72,
    "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": 5.06,
        "rotation_up": 67.91,
        "upward_expansion": 91.55,
        "deceleration": 48.04,
        "rotation_down": 22.26,
        "downward_expansion": 15.88
      },
      "activity_lines": [
        20.762666,
        20.620218,
        20.222133,
        19.898456
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 21.084999,
    "trend_reference": 19.5682,
    "distance_from_trend": 0.077513,
    "trend_direction": "Improving",
    "fair_value": 16.552549,
    "distance_from_fair_value": 0.273822,
    "fair_value_direction": "Improving",
    "relative_strength": 4.728452,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.096236,
    "excess_performance": 0.042924,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.077513,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.040504,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.273822,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.068312,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.047285,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.008385,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.096236,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.684254,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 117881,
      "relative_activity": 0.562525,
      "balance": 0.684254,
      "dry_up": 1.089405,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.018329,
      "annualized_volatility": 0.152135,
      "from_high_reference": -0.00378,
      "from_low_reference": 0.2441
    },
    "levels": {
      "trend_reference": 19.5682,
      "fair_value_reference": 16.552549,
      "structural_low": 17.469999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.010509,
        "positive_rate": 0.589744,
        "directional_follow_through": 0.589744,
        "median_excess_return": -0.0005,
        "regime_survival": 0.794872,
        "best_return": 0.072137,
        "worst_return": -0.055489,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.021841,
        "positive_rate": 0.769231,
        "directional_follow_through": 0.769231,
        "median_excess_return": 0.006849,
        "regime_survival": 0.538462,
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        "worst_return": -0.040291,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.062639,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.034746,
        "regime_survival": 0.625,
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        "worst_return": -0.132097,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.066192,
        "sufficient": false
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        "regime": "deceleration",
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      {
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        "regime": "balance",
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      },
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        "typical_volume": 230902.35,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 226908.6,
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        "relative_strength": 6.80818,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-31",
        "close": 20.709999,
        "volume": 90612,
        "typical_volume": 210963.95,
        "trend": 19.498833,
        "fair_value": 16.504388,
        "relative_strength": 5.541388,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.634934,
        "energy": 65.116813,
        "activity_lines": [
          20.606666,
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      },
      {
        "date": "2026-08-07",
        "close": 21.084999,
        "volume": 117881,
        "typical_volume": 209556.85,
        "trend": 19.5682,
        "fair_value": 16.552549,
        "relative_strength": 4.728452,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.313432,
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        "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."
    }
  }
}