{
  "ticker": {
    "uuid": "bb19499c-157c-4a96-b994-d236be552224",
    "symbol": "CACC",
    "name": "Amundi CAC 40 UCITS ETF Acc",
    "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": 92.136,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.824,
    "architecture_energy": 72.84,
    "architecture_maturity": 21.816,
    "architecture_confidence": 87.473,
    "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": 11.21,
        "rotation_up": 63.03,
        "upward_expansion": 85.65,
        "deceleration": 51.01,
        "rotation_down": 18.81,
        "downward_expansion": 14.65
      },
      "activity_lines": [
        43.162,
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        41.680236
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": 0.5
    },
    "latest_close": 44.18,
    "trend_reference": 41.185833,
    "distance_from_trend": 0.072699,
    "trend_direction": "Improving",
    "fair_value": 37.669396,
    "distance_from_fair_value": 0.172835,
    "fair_value_direction": "Improving",
    "relative_strength": 1.91551,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.079536,
    "excess_performance": 0.026224,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.072699,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.020618,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.172835,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.073087,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.019155,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.003752,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.079536,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.026901,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 234623,
      "relative_activity": 0.631032,
      "balance": 4.026901,
      "dry_up": 0.474541,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.021059,
      "annualized_volatility": 0.16134,
      "from_high_reference": -0.003833,
      "from_low_reference": 0.187954
    },
    "levels": {
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      "fair_value_reference": 37.669396,
      "structural_low": 37.189999,
      "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": 32,
        "median_return": -0.000308,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.001149,
        "regime_survival": 0.6875,
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        "worst_return": -0.102962,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.086263,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "positive_rate": 0.714286,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.048456,
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 355938.6,
        "trend": 40.255893,
        "fair_value": 36.942954,
        "relative_strength": 1.096966,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 381896.8,
        "trend": 40.299727,
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        "relative_strength": 1.880837,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 425911.45,
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        "modifier": "Balance after decline",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "relative_strength": 2.302788,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 20415,
        "typical_volume": 433584.2,
        "trend": 40.431666,
        "fair_value": 37.16905,
        "relative_strength": 2.215746,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": 55.158507,
        "energy": 35.627835,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 42.294998,
        "volume": 41225,
        "typical_volume": 425110.2,
        "trend": 40.496833,
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        "relative_strength": 2.274365,
        "stage": 2,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-19",
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        "stage": 2,
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        "energy": 69.201244,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 2.096735,
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        "modifier": "Early expansion",
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        "direction": 67.107035,
        "energy": 71.075225,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 408948.6,
        "trend": 40.783833,
        "fair_value": 37.39696,
        "relative_strength": 2.184408,
        "stage": 2,
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        "modifier": "Early expansion",
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        "energy": 78.202979,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 154291,
        "typical_volume": 411248.4,
        "trend": 40.8625,
        "fair_value": 37.448133,
        "relative_strength": 2.072592,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.265129,
        "energy": 69.253317,
        "activity_lines": [
          42.574666,
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      },
      {
        "date": "2026-07-17",
        "close": 42.290001,
        "volume": 249412,
        "typical_volume": 410944.95,
        "trend": 40.9275,
        "fair_value": 37.497832,
        "relative_strength": 2.124994,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.380036,
        "energy": 56.533793,
        "activity_lines": [
          42.488333,
          42.270909,
          41.576333,
          41.248344
        ]
      },
      {
        "date": "2026-07-24",
        "close": 42.455002,
        "volume": 107254,
        "typical_volume": 398982.45,
        "trend": 41.006666,
        "fair_value": 37.546896,
        "relative_strength": 2.056913,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.990845,
        "energy": 43.80895,
        "activity_lines": [
          42.457334,
          42.372364,
          41.724547,
          41.346892
        ]
      },
      {
        "date": "2026-07-31",
        "close": 43.084999,
        "volume": 114465,
        "typical_volume": 385951.35,
        "trend": 41.0915,
        "fair_value": 37.604986,
        "relative_strength": 1.844601,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.545208,
        "energy": 45.510027,
        "activity_lines": [
          42.648667,
          42.544273,
          41.919071,
          41.480978
        ]
      },
      {
        "date": "2026-08-07",
        "close": 44.18,
        "volume": 234623,
        "typical_volume": 371808.6,
        "trend": 41.185833,
        "fair_value": 37.669396,
        "relative_strength": 1.91551,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.824103,
        "energy": 72.839775,
        "activity_lines": [
          43.162,
          42.875909,
          42.199238,
          41.680236
        ]
      }
    ],
    "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."
    }
  }
}