{ "ticker": { "uuid": "c2de6ca2-a9cd-43fc-a9be-384505585465", "symbol": "NRO", "name": "Neurones S.A.", "exchange": "PAR", "country": "FR", "assetType": "equity" }, "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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 68.365, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 33.468, "architecture_energy": 27.051, "architecture_maturity": 12.055, "architecture_confidence": 43.535, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 54.83, "rotation_up": 54.59, "upward_expansion": 38.76, "deceleration": 45.54, "rotation_down": 17.59, "downward_expansion": 13.09 }, "activity_lines": [ 36.816666, 35.988201, 35.928587, 35.849943 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 37.849998, "trend_reference": 36.232401, "distance_from_trend": 0.044645, "trend_direction": "Weakening", "fair_value": 40.930007, "distance_from_fair_value": -0.075251, "fair_value_direction": "Improving", "relative_strength": -7.880616, "relative_strength_direction": "Improving", "price_momentum": -0.048995, "excess_performance": -0.102306, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.044645, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.06273, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.075251, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.056308, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.078806, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.057958, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.048995, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.450591, "read": "Demand-led" } ], "volume": { "latest": 54321, "relative_activity": 1.101018, "balance": 1.450591, "dry_up": 0.828617, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.053818, "annualized_volatility": 0.276948, "from_high_reference": -0.158889, "from_low_reference": 0.18652 }, "levels": { "trend_reference": 36.232401, "fair_value_reference": 40.930007, "structural_low": 31.9, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.006265, "positive_rate": 0.4375, "directional_follow_through": 0.4375, "median_excess_return": 0.005657, "regime_survival": 0.5625, "best_return": 0.087267, "worst_return": -0.076253, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.007553, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.033144, "regime_survival": 0.166667, "best_return": 0.118841, "worst_return": -0.144397, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.008273, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.033283, "regime_survival": 0.0, "best_return": 0.142545, "worst_return": -0.056035, "sufficient": false }, { 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"stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.76921, "energy": 39.492763, "activity_lines": [ 34.833333, 35.253201, 35.490093, 35.762129 ] }, { "date": "2026-07-24", "close": 35.0, "volume": 22908, "typical_volume": 53553.4, "trend": 36.520734, "fair_value": 40.897567, "relative_strength": -12.150912, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.440344, "energy": 25.304664, "activity_lines": [ 34.936666, 35.115386, 35.451655, 35.647673 ] }, { "date": "2026-07-31", "close": 38.200001, "volume": 51086, "typical_volume": 51125.9, "trend": 36.394068, "fair_value": 40.914302, "relative_strength": -5.223823, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.968889, "energy": 8.009554, "activity_lines": [ 36.086667, 35.588807, 35.715359, 35.756012 ] }, { "date": "2026-08-07", "close": 37.849998, "volume": 54321, "typical_volume": 49337.05, "trend": 36.232401, "fair_value": 40.930007, "relative_strength": -7.880616, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.467975, "energy": 27.05104, "activity_lines": [ 36.816666, 35.988201, 35.928587, 35.849943 ] } ], "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." } } }