{
  "ticker": {
    "uuid": "f2011a48-083d-4340-b7c8-426155e68d0a",
    "symbol": "INF",
    "name": "Infotel 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 51.534,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 70.551,
    "architecture_energy": 66.075,
    "architecture_maturity": 13.936,
    "architecture_confidence": 82.742,
    "architecture_tenure": "New",
    "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": 14.6,
        "rotation_up": 67.46,
        "upward_expansion": 90.16,
        "deceleration": 42.91,
        "rotation_down": 14.37,
        "downward_expansion": 14.5
      },
      "activity_lines": [
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        38.820144,
        38.088424
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 41.5,
    "trend_reference": 37.754623,
    "distance_from_trend": 0.099203,
    "trend_direction": "Weakening",
    "fair_value": 40.598796,
    "distance_from_fair_value": 0.022198,
    "fair_value_direction": "Improving",
    "relative_strength": -1.633433,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.058673,
    "excess_performance": 0.005362,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.099203,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.021046,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.022198,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.113763,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.016334,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.043012,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.058673,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.264584,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 14215,
      "relative_activity": 0.638482,
      "balance": 2.264584,
      "dry_up": 0.615923,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.053118,
      "annualized_volatility": 0.352339,
      "from_high_reference": -0.071588,
      "from_low_reference": 0.283424
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    "levels": {
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      "fair_value_reference": 40.598796,
      "structural_low": 32.335373,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
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        "directional_follow_through": 0.45,
        "median_excess_return": -0.016766,
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        "worst_return": -0.095644,
        "sufficient": true
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        "horizon": "Intermediate",
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 42.967654,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
        "close": 32.953552,
        "volume": 6515,
        "typical_volume": 21339.0,
        "trend": 38.82193,
        "fair_value": 41.627428,
        "relative_strength": -18.209043,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
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        "energy": 47.160578,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
        "close": 37.756306,
        "volume": 101856,
        "typical_volume": 25558.2,
        "trend": 38.700473,
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        "relative_strength": -5.9346,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 23.53959,
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      },
      {
        "date": "2026-05-15",
        "close": 38.184273,
        "volume": 26870,
        "typical_volume": 26445.9,
        "trend": 38.656616,
        "fair_value": 41.47163,
        "relative_strength": -2.822003,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
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        "energy": 14.965252,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 37.946514,
        "volume": 18048,
        "typical_volume": 27061.75,
        "trend": 38.578166,
        "fair_value": 41.380983,
        "relative_strength": -5.201533,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -17.079679,
        "energy": 16.890743,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 39.943695,
        "volume": 20271,
        "typical_volume": 27654.85,
        "trend": 38.56629,
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        "relative_strength": -0.94477,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 26.384512,
        "activity_lines": [
          38.301568,
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      },
      {
        "date": "2026-06-05",
        "close": 38.700001,
        "volume": 3514,
        "typical_volume": 26640.15,
        "trend": 38.532956,
        "fair_value": 41.238334,
        "relative_strength": -4.26676,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 18.910396,
        "energy": 32.742613,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 38.900002,
        "volume": 14755,
        "typical_volume": 26000.8,
        "trend": 38.452956,
        "fair_value": 41.167808,
        "relative_strength": -5.126405,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.934381,
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 25735.15,
        "trend": 38.35129,
        "fair_value": 41.087461,
        "relative_strength": -8.973736,
        "stage": 4,
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        "direction": 18.263991,
        "energy": 31.668324,
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      },
      {
        "date": "2026-06-26",
        "close": 37.099998,
        "volume": 2688,
        "typical_volume": 25341.35,
        "trend": 38.197956,
        "fair_value": 40.989052,
        "relative_strength": -9.459873,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -6.093042,
        "energy": 9.542192,
        "activity_lines": [
          37.982913,
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          37.245805
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      },
      {
        "date": "2026-07-03",
        "close": 39.599998,
        "volume": 3063,
        "typical_volume": 24295.6,
        "trend": 38.141289,
        "fair_value": 40.911339,
        "relative_strength": -4.564053,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 25.202664,
        "energy": 16.790863,
        "activity_lines": [
          38.369999,
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      },
      {
        "date": "2026-07-10",
        "close": 40.0,
        "volume": 21162,
        "typical_volume": 24394.5,
        "trend": 38.027956,
        "fair_value": 40.832687,
        "relative_strength": -1.608308,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 34.96756,
        "energy": 23.222093,
        "activity_lines": [
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          37.572072,
          37.456176
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      },
      {
        "date": "2026-07-17",
        "close": 39.549999,
        "volume": 10029,
        "typical_volume": 23450.6,
        "trend": 37.912956,
        "fair_value": 40.753486,
        "relative_strength": -2.669275,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 31.623595,
        "energy": 31.090037,
        "activity_lines": [
          39.219999,
          38.918334,
          37.831411,
          37.554372
        ]
      },
      {
        "date": "2026-07-24",
        "close": 38.75,
        "volume": 6402,
        "typical_volume": 22277.35,
        "trend": 37.787956,
        "fair_value": 40.692505,
        "relative_strength": -4.964764,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": 27.396017,
        "energy": 38.695076,
        "activity_lines": [
          39.216666,
          38.918798,
          37.998608,
          37.608375
        ]
      },
      {
        "date": "2026-07-31",
        "close": 41.5,
        "volume": 24205,
        "typical_volume": 22643.0,
        "trend": 37.771289,
        "fair_value": 40.645651,
        "relative_strength": 0.352013,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.805934,
        "energy": 60.435953,
        "activity_lines": [
          40.05,
          39.408976,
          38.421757,
          37.847862
        ]
      },
      {
        "date": "2026-08-07",
        "close": 41.5,
        "volume": 14215,
        "typical_volume": 22263.75,
        "trend": 37.754623,
        "fair_value": 40.598796,
        "relative_strength": -1.633433,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.551073,
        "energy": 66.075145,
        "activity_lines": [
          40.59,
          39.834545,
          38.820144,
          38.088424
        ]
      }
    ],
    "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."
    }
  }
}