{ "ticker": { "uuid": "e202ed12-326a-4432-922a-fd12156070d5", "symbol": "HYDRO", "name": "BNP Paribas Easy ECPI Global ESG Hydrogen Economy", "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": 84.183, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 12.887, "architecture_energy": 18.089, "architecture_maturity": 65.481, "architecture_confidence": 81.006, "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": 57.42, "rotation_up": 20.04, "upward_expansion": 48.19, "deceleration": 85.03, "rotation_down": 35.43, "downward_expansion": 26.19 }, "activity_lines": [ 14.263973, 14.415096, 14.481458, 14.24106 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 14.3433, "trend_reference": 13.911887, "distance_from_trend": 0.03101, "trend_direction": "Improving", "fair_value": 10.360631, "distance_from_fair_value": 0.384404, "fair_value_direction": "Weakening", "relative_strength": 4.765791, "relative_strength_direction": "Weakening", "price_momentum": 0.079312, "excess_performance": 0.026001, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.03101, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.069364, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.384404, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.058088, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.047658, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.17898, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.079312, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.769151, "read": "Demand-led" } ], "volume": { "latest": 2376, "relative_activity": 0.502315, "balance": 1.769151, "dry_up": 0.448088, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.031962, "annualized_volatility": 0.165597, "from_high_reference": -0.066319, "from_low_reference": 0.406316 }, "levels": { "trend_reference": 13.911887, "fair_value_reference": 10.360631, "structural_low": 12.2349, "invalidation": "A 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"2026-07-10", "close": 14.3878, "volume": 2476, "typical_volume": 5227.5, "trend": 13.62508, "fair_value": 10.247185, "relative_strength": 11.81314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.511423, "energy": 39.271087, "activity_lines": [ 14.66116, 14.735971, 14.435705, 14.108945 ] }, { "date": "2026-07-17", "close": 14.2723, "volume": 1904, "typical_volume": 5140.1, "trend": 13.700823, "fair_value": 10.27422, "relative_strength": 10.335441, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.583178, "energy": 24.764975, "activity_lines": [ 14.520493, 14.648465, 14.456177, 14.150701 ] }, { "date": "2026-07-24", "close": 14.3065, "volume": 1938, "typical_volume": 4951.95, "trend": 13.787937, "fair_value": 10.301332, "relative_strength": 9.62222, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.945986, "energy": 21.454987, "activity_lines": [ 14.414253, 14.568884, 14.476588, 14.189777 ] }, { "date": "2026-07-31", "close": 14.0978, "volume": 2260, "typical_volume": 4783.7, "trend": 13.85827, "fair_value": 10.329142, "relative_strength": 5.868324, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.655371, "energy": 17.855784, "activity_lines": [ 14.28258, 14.459945, 14.470141, 14.209768 ] }, { "date": "2026-08-07", "close": 14.3433, "volume": 2376, "typical_volume": 4730.1, "trend": 13.911887, "fair_value": 10.360631, "relative_strength": 4.765791, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.887311, "energy": 18.088719, "activity_lines": [ 14.263973, 14.415096, 14.481458, 14.24106 ] } ], "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." } } }