{
  "ticker": {
    "uuid": "c6405ef4-0ae8-44ca-8a68-ddbc355257d0",
    "symbol": "EKUS",
    "name": "BNP Paribas Easy MSCI USA SRI PAB UCITS ETF EUR Distribution",
    "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": 77.254,
    "architecture_energy": 60.714,
    "architecture_maturity": 82.04,
    "architecture_confidence": 70.939,
    "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": 14.5,
        "rotation_up": 49.9,
        "upward_expansion": 81.79,
        "deceleration": 71.3,
        "rotation_down": 29.19,
        "downward_expansion": 10.79
      },
      "activity_lines": [
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        21.267517,
        20.811313
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 21.9827,
    "trend_reference": 20.305574,
    "distance_from_trend": 0.082594,
    "trend_direction": "Improving",
    "fair_value": 19.394311,
    "distance_from_fair_value": 0.133461,
    "fair_value_direction": "Improving",
    "relative_strength": 2.626506,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.146104,
    "excess_performance": 0.092792,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082594,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034738,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.133461,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.066145,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.026265,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.00412,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.146104,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.17047,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1960,
      "relative_activity": 0.160033,
      "balance": 7.17047,
      "dry_up": 0.556504,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.019641,
      "annualized_volatility": 0.127208,
      "from_high_reference": -0.005695,
      "from_low_reference": 0.196155
    },
    "levels": {
      "trend_reference": 20.305574,
      "fair_value_reference": 19.394311,
      "structural_low": 18.377809,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 30,
        "median_return": 0.006563,
        "positive_rate": 0.633333,
        "directional_follow_through": 0.633333,
        "median_excess_return": -2e-05,
        "regime_survival": 0.7,
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        "worst_return": -0.089278,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "median_return": 0.02224,
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        "directional_follow_through": 0.75,
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        "regime_survival": 0.333333,
        "best_return": 0.071682,
        "worst_return": -0.121281,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "worst_return": -0.097751,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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        "modifier": "Value reclamation",
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      },
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      },
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      },
      {
        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "energy": 83.554889,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 11236.95,
        "trend": 19.975368,
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        "relative_strength": 4.001574,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "trend": 20.052372,
        "fair_value": 19.275672,
        "relative_strength": 7.163381,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.951491,
        "energy": 74.324909,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 2488,
        "typical_volume": 11798.75,
        "trend": 20.119639,
        "fair_value": 19.305075,
        "relative_strength": 5.529038,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.260909,
        "energy": 71.014019,
        "activity_lines": [
          21.679553,
          21.52306,
          20.947491,
          20.533948
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.590599,
        "volume": 16780,
        "typical_volume": 12533.35,
        "trend": 20.184282,
        "fair_value": 19.33313,
        "relative_strength": 4.870743,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.745802,
        "energy": 68.614973,
        "activity_lines": [
          21.670206,
          21.567219,
          21.061187,
          20.628849
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      },
      {
        "date": "2026-07-31",
        "close": 21.274,
        "volume": 6035,
        "typical_volume": 12431.4,
        "trend": 20.244232,
        "fair_value": 19.360981,
        "relative_strength": 1.712556,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.181917,
        "energy": 59.674523,
        "activity_lines": [
          21.547639,
          21.53571,
          21.135769,
          20.699153
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.9827,
        "volume": 1960,
        "typical_volume": 12247.45,
        "trend": 20.305574,
        "fair_value": 19.394311,
        "relative_strength": 2.626506,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.254212,
        "energy": 60.713864,
        "activity_lines": [
          21.665493,
          21.625438,
          21.267517,
          20.811313
        ]
      }
    ],
    "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."
    }
  }
}