{
  "ticker": {
    "uuid": "ba5049cf-6453-428d-8586-0bee52aada6c",
    "symbol": "SRIJC",
    "name": "BNP Paribas Easy MSCI Japan SRI PAB UCITS ETF Capitalisation",
    "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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 88.434,
    "architecture_energy": 72.976,
    "architecture_maturity": 38.395,
    "architecture_confidence": 72.471,
    "architecture_tenure": "Developing",
    "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": 7.19,
        "rotation_up": 72.34,
        "upward_expansion": 85.33,
        "deceleration": 63.05,
        "rotation_down": 17.17,
        "downward_expansion": 12.0
      },
      "activity_lines": [
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        28.884839
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 31.521999,
    "trend_reference": 28.29203,
    "distance_from_trend": 0.114165,
    "trend_direction": "Improving",
    "fair_value": 25.943293,
    "distance_from_fair_value": 0.215035,
    "fair_value_direction": "Improving",
    "relative_strength": 7.423665,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.148593,
    "excess_performance": 0.095282,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.114165,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.042537,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.215035,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.121817,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.074237,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.028626,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.148593,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.702847,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 7995,
      "relative_activity": 0.485989,
      "balance": 0.702847,
      "dry_up": 0.972935,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.023169,
      "annualized_volatility": 0.184186,
      "from_high_reference": 0.0,
      "from_low_reference": 0.228957
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    "levels": {
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      "fair_value_reference": 25.943293,
      "structural_low": 25.923,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.000293,
        "positive_rate": 0.521739,
        "directional_follow_through": 0.521739,
        "median_excess_return": -0.012663,
        "regime_survival": 0.565217,
        "best_return": 0.064716,
        "worst_return": -0.099283,
        "sufficient": true
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      {
        "horizon": "Intermediate",
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        "worst_return": -0.090921,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.120363,
        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": -0.147625,
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        "typical_volume": 9957.45,
        "trend": 26.877287,
        "fair_value": 25.581439,
        "relative_strength": 1.512211,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.556709,
        "energy": 18.792752,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "modifier": "Re-acceleration watch",
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      },
      {
        "date": "2026-05-15",
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        "relative_strength": 7.347411,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 12588.55,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 13490.65,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 3.104823,
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        "modifier": "Re-accelerating",
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        "energy": 58.947796,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 14011.8,
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        "fair_value": 25.672244,
        "relative_strength": 4.236931,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "trend": 27.479543,
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        "relative_strength": 4.712254,
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        "gate": "up",
        "direction": 74.434452,
        "energy": 81.77267,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 30.2369,
        "volume": 400,
        "typical_volume": 11916.95,
        "trend": 27.61927,
        "fair_value": 25.75922,
        "relative_strength": 6.70142,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 90.655597,
        "energy": 95.229267,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 30.637699,
        "volume": 50496,
        "typical_volume": 14367.65,
        "trend": 27.76661,
        "fair_value": 25.796115,
        "relative_strength": 9.954058,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.883723,
        "energy": 95.17306,
        "activity_lines": [
          29.956966,
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          28.216491
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      },
      {
        "date": "2026-07-17",
        "close": 30.614401,
        "volume": 15687,
        "typical_volume": 14882.15,
        "trend": 27.91318,
        "fair_value": 25.832705,
        "relative_strength": 9.531404,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.170277,
        "energy": 92.377792,
        "activity_lines": [
          30.27402,
          29.634484,
          28.788462,
          28.40022
        ]
      },
      {
        "date": "2026-07-24",
        "close": 30.1478,
        "volume": 16097,
        "typical_volume": 15617.0,
        "trend": 28.045747,
        "fair_value": 25.861931,
        "relative_strength": 7.192166,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.101706,
        "energy": 87.512606,
        "activity_lines": [
          30.318427,
          29.816113,
          28.97989,
          28.544389
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.964001,
        "volume": 24244,
        "typical_volume": 16721.2,
        "trend": 28.16328,
        "fair_value": 25.898063,
        "relative_strength": 4.720149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.802111,
        "energy": 65.476018,
        "activity_lines": [
          30.251114,
          29.929038,
          29.140468,
          28.668147
        ]
      },
      {
        "date": "2026-08-07",
        "close": 31.521999,
        "volume": 7995,
        "typical_volume": 16451.0,
        "trend": 28.29203,
        "fair_value": 25.943293,
        "relative_strength": 7.423665,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.43419,
        "energy": 72.975573,
        "activity_lines": [
          30.651727,
          30.293091,
          29.434117,
          28.884839
        ]
      }
    ],
    "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."
    }
  }
}