{
  "ticker": {
    "uuid": "d95a6444-0047-4806-89f6-0bcbbae58311",
    "symbol": "SAVE",
    "name": "Savencia 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": 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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 19.269,
    "architecture_energy": 21.966,
    "architecture_maturity": 56.666,
    "architecture_confidence": 88.291,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 46.15,
        "rotation_up": 21.67,
        "upward_expansion": 48.06,
        "deceleration": 83.98,
        "rotation_down": 42.16,
        "downward_expansion": 30.73
      },
      "activity_lines": [
        64.773334,
        65.545455,
        66.12563,
        64.821888
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 67.400002,
    "trend_reference": 63.00163,
    "distance_from_trend": 0.069814,
    "trend_direction": "Improving",
    "fair_value": 55.195275,
    "distance_from_fair_value": 0.221119,
    "fair_value_direction": "Improving",
    "relative_strength": 2.326485,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.122668,
    "excess_performance": 0.069357,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.069814,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.04836,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.221119,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.045943,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.023265,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.005493,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.122668,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.575152,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3291,
      "relative_activity": 0.487068,
      "balance": 1.575152,
      "dry_up": 0.396122,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.040113,
      "annualized_volatility": 0.346935,
      "from_high_reference": -0.094086,
      "from_low_reference": 0.213588
    },
    "levels": {
      "trend_reference": 63.00163,
      "fair_value_reference": 55.195275,
      "structural_low": 56.515556,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": -0.018077,
        "positive_rate": 0.222222,
        "directional_follow_through": 0.222222,
        "median_excess_return": -0.028059,
        "regime_survival": 0.555556,
        "best_return": 0.034091,
        "worst_return": -0.118132,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.053778,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.096607,
        "regime_survival": 0.0,
        "best_return": -0.038961,
        "worst_return": -0.093484,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.10573,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.113909,
        "regime_survival": 0.0,
        "best_return": -0.04908,
        "worst_return": -0.121813,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.139043,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.070204,
        "regime_survival": 0.0,
        "best_return": 0.035276,
        "worst_return": -0.145772,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-09",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.062626,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-04",
        "end": "2024-10-18",
        "tenure": "New",
        "return": 0.027451,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-25",
        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.023166,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-20",
        "tenure": "Developing",
        "return": 0.039841,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-27",
        "end": "2025-01-03",
        "tenure": "New",
        "return": -0.048689,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-10",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.096,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-07",
        "end": "2025-06-27",
        "tenure": "Established",
        "return": 0.154316,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-04",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": -0.030675,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-09-26",
        "end": "2025-10-03",
        "tenure": "New",
        "return": -0.006452,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-10",
        "end": "2025-10-17",
        "tenure": "New",
        "return": 0.00974,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-24",
        "end": "2026-01-30",
        "tenure": "Established",
        "return": -0.019672,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "end": "2026-04-17",
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        "active": false
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        "return": -0.041743,
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.056426,
        "active": true
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "trend": 59.370667,
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        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 7237.1,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 7614.75,
        "trend": 60.512889,
        "fair_value": 54.394505,
        "relative_strength": 13.313116,
        "stage": 2,
        "regime": "upward_expansion",
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        "energy": 82.141463,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 7467.6,
        "trend": 60.937333,
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        "relative_strength": 12.357332,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": 8.811811,
        "stage": 2,
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      },
      {
        "date": "2026-06-26",
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        "volume": 1012,
        "typical_volume": 7274.3,
        "trend": 61.696741,
        "fair_value": 54.685785,
        "relative_strength": 4.289747,
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        "gate": "up",
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        "energy": 52.776008,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 66.0,
        "volume": 1083,
        "typical_volume": 7069.5,
        "trend": 62.00637,
        "fair_value": 54.771057,
        "relative_strength": 1.989118,
        "stage": 2,
        "regime": "upward_expansion",
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        "energy": 35.594508,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 65.400002,
        "volume": 3434,
        "typical_volume": 7138.45,
        "trend": 62.263408,
        "fair_value": 54.854862,
        "relative_strength": 3.183052,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.821627,
        "energy": 24.898738,
        "activity_lines": [
          66.786667,
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          66.121313,
          64.342404
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      },
      {
        "date": "2026-07-17",
        "close": 63.799999,
        "volume": 3248,
        "typical_volume": 7058.9,
        "trend": 62.414963,
        "fair_value": 54.93079,
        "relative_strength": 0.813298,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.671399,
        "energy": 25.974054,
        "activity_lines": [
          65.44,
          67.243637,
          66.097313,
          64.441539
        ]
      },
      {
        "date": "2026-07-24",
        "close": 63.200001,
        "volume": 1850,
        "typical_volume": 6866.25,
        "trend": 62.605185,
        "fair_value": 55.007629,
        "relative_strength": -0.391808,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.173479,
        "energy": 24.135724,
        "activity_lines": [
          64.4,
          66.41091,
          65.999175,
          64.492187
        ]
      },
      {
        "date": "2026-07-31",
        "close": 63.0,
        "volume": 2317,
        "typical_volume": 6825.5,
        "trend": 62.684445,
        "fair_value": 55.090323,
        "relative_strength": -2.088824,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -5.13039,
        "energy": 26.266321,
        "activity_lines": [
          63.733334,
          65.512728,
          65.866921,
          64.517659
        ]
      },
      {
        "date": "2026-08-07",
        "close": 67.400002,
        "volume": 3291,
        "typical_volume": 6756.75,
        "trend": 63.00163,
        "fair_value": 55.195275,
        "relative_strength": 2.326485,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.269374,
        "energy": 21.966202,
        "activity_lines": [
          64.773334,
          65.545455,
          66.12563,
          64.821888
        ]
      }
    ],
    "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."
    }
  }
}