{
  "ticker": {
    "uuid": "d27ff036-9503-4641-9c8d-7cda24d8bb3d",
    "symbol": "AKW",
    "name": "Akwel SA",
    "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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -60.328,
    "architecture_energy": 48.352,
    "architecture_maturity": 67.201,
    "architecture_confidence": 80.235,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 22.68,
        "rotation_up": 15.69,
        "upward_expansion": 6.24,
        "deceleration": 54.31,
        "rotation_down": 62.92,
        "downward_expansion": 79.58
      },
      "activity_lines": [
        6.574667,
        6.646545,
        6.751002,
        6.857962
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 6.6,
    "trend_reference": 7.076006,
    "distance_from_trend": -0.06727,
    "trend_direction": "Weakening",
    "fair_value": 9.749528,
    "distance_from_fair_value": -0.323044,
    "fair_value_direction": "Improving",
    "relative_strength": -20.164745,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.160305,
    "excess_performance": -0.213617,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.06727,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.057957,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.323044,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.014004,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.201647,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.049019,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.160305,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.432746,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 16250,
      "relative_activity": 0.756155,
      "balance": 1.432746,
      "dry_up": 0.846149,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.037496,
      "annualized_volatility": 0.204845,
      "from_high_reference": -0.408072,
      "from_low_reference": 0.054313
    },
    "levels": {
      "trend_reference": 7.076006,
      "fair_value_reference": 9.749528,
      "structural_low": 6.26,
      "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": 41,
        "median_return": -0.013441,
        "positive_rate": 0.414634,
        "directional_follow_through": 0.560976,
        "median_excess_return": -0.018051,
        "regime_survival": 0.853659,
        "best_return": 0.182473,
        "worst_return": -0.147122,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": -0.01066,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.024377,
        "regime_survival": 0.571429,
        "best_return": 0.233824,
        "worst_return": -0.212598,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": -0.009534,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.065907,
        "regime_survival": 0.5,
        "best_return": 0.192874,
        "worst_return": -0.287402,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.081182,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.110746,
        "regime_survival": 0.5,
        "best_return": 0.117809,
        "worst_return": -0.460624,
        "sufficient": false
      }
    ],
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        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-10-06",
        "end": "2023-11-03",
        "tenure": "Developing",
        "return": -0.107271,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-01-26",
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      {
        "regime": "upward_expansion",
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      },
      {
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        "label": "Balance",
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        "tenure": "New",
        "return": -0.023288,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-08",
        "end": "2025-05-09",
        "tenure": "Extended",
        "return": -0.436784,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.05641,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-18",
        "tenure": "New",
        "return": -0.035629,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-08-29",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-09-19",
        "tenure": "New",
        "return": 0.197995,
        "active": false
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      {
        "regime": "upward_expansion",
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        "end": "2025-12-12",
        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": 0.022613,
        "active": false
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      {
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        "active": true
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        "direction": -70.327274,
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      },
      {
        "date": "2026-07-24",
        "close": 6.42,
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        "typical_volume": 23830.75,
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        "fair_value": 9.856842,
        "relative_strength": -20.077513,
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        "direction": -82.922341,
        "energy": 81.876009,
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      },
      {
        "date": "2026-07-31",
        "close": 6.6,
        "volume": 25984,
        "typical_volume": 22607.85,
        "trend": 7.124672,
        "fair_value": 9.80197,
        "relative_strength": -18.658884,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.999431,
        "energy": 61.40637,
        "activity_lines": [
          6.574667,
          6.675513,
          6.775479,
          6.891811
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      },
      {
        "date": "2026-08-07",
        "close": 6.6,
        "volume": 16250,
        "typical_volume": 21490.3,
        "trend": 7.076006,
        "fair_value": 9.749528,
        "relative_strength": -20.164745,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.327544,
        "energy": 48.35195,
        "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."
    }
  }
}