{
  "ticker": {
    "uuid": "f3414ae4-dc01-416c-bb45-d5bac72fdc82",
    "symbol": "ALBOU",
    "name": "Bourrelier Group 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 84.523,
    "architecture_energy": 94.579,
    "architecture_maturity": 26.0,
    "architecture_confidence": 80.384,
    "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": 10.32,
        "rotation_up": 82.95,
        "upward_expansion": 95.33,
        "deceleration": 44.67,
        "rotation_down": 8.0,
        "downward_expansion": 22.0
      },
      "activity_lines": [
        67.2,
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        55.59381,
        52.804946
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 69.5,
    "trend_reference": 49.296667,
    "distance_from_trend": 0.409832,
    "trend_direction": "Improving",
    "fair_value": 46.799768,
    "distance_from_fair_value": 0.48505,
    "fair_value_direction": "Improving",
    "relative_strength": 36.671354,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.594037,
    "excess_performance": 0.540725,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.409832,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.092891,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.48505,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.405514,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.366714,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.310446,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.594037,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 11.563218,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 10,
      "relative_activity": 0.089526,
      "balance": 11.563218,
      "dry_up": 2.273948,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.04228,
      "annualized_volatility": 0.52017,
      "from_high_reference": -0.007143,
      "from_low_reference": 0.763959
    },
    "levels": {
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      "fair_value_reference": 46.799768,
      "structural_low": 40.799999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 21,
        "median_return": -0.021782,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.017712,
        "regime_survival": 0.571429,
        "best_return": 0.103896,
        "worst_return": -0.208333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "directional_follow_through": 0.4,
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        "regime_survival": 0.4,
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        "worst_return": -0.204167,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "best_return": 0.0375,
        "worst_return": -0.091667,
        "sufficient": false
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    ],
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      {
        "regime": "rotation_down",
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      {
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        "active": false
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      {
        "regime": "upward_expansion",
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        "tenure": "Established",
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      {
        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 72.041382,
        "energy": 75.38886,
        "activity_lines": [
          49.199999,
          48.247273,
          46.177143,
          45.36129
        ]
      },
      {
        "date": "2026-05-15",
        "close": 49.599998,
        "volume": 37,
        "typical_volume": 96.45,
        "trend": 44.64,
        "fair_value": 45.987159,
        "relative_strength": 7.788929,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.548433,
        "energy": 59.976804,
        "activity_lines": [
          49.359999,
          48.741818,
          46.630476,
          45.689892
        ]
      },
      {
        "date": "2026-05-22",
        "close": 49.599998,
        "volume": 10,
        "typical_volume": 85.75,
        "trend": 44.886667,
        "fair_value": 45.990982,
        "relative_strength": 5.745472,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.825987,
        "energy": 55.384256,
        "activity_lines": [
          49.479998,
          49.101817,
          47.059047,
          46.009892
        ]
      },
      {
        "date": "2026-05-29",
        "close": 49.0,
        "volume": 67,
        "typical_volume": 85.75,
        "trend": 45.106667,
        "fair_value": 46.010704,
        "relative_strength": 3.763066,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.868989,
        "energy": 47.852353,
        "activity_lines": [
          49.359999,
          49.192727,
          47.400952,
          46.275269
        ]
      },
      {
        "date": "2026-06-05",
        "close": 49.0,
        "volume": 0,
        "typical_volume": 85.25,
        "trend": 45.333333,
        "fair_value": 46.049572,
        "relative_strength": 3.475491,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.412663,
        "energy": 44.790524,
        "activity_lines": [
          49.239999,
          49.199999,
          47.706666,
          46.526451
        ]
      },
      {
        "date": "2026-06-12",
        "close": 48.200001,
        "volume": 10,
        "typical_volume": 85.75,
        "trend": 45.533333,
        "fair_value": 46.053396,
        "relative_strength": 0.415702,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.642417,
        "energy": 33.84582,
        "activity_lines": [
          48.853333,
          49.050909,
          47.901905,
          46.711398
        ]
      },
      {
        "date": "2026-06-19",
        "close": 48.400002,
        "volume": 0,
        "typical_volume": 85.75,
        "trend": 45.66,
        "fair_value": 46.106368,
        "relative_strength": 0.27294,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.787202,
        "energy": 28.542738,
        "activity_lines": [
          48.626667,
          48.923636,
          48.085714,
          46.896344
        ]
      },
      {
        "date": "2026-06-26",
        "close": 48.0,
        "volume": 0,
        "typical_volume": 85.4,
        "trend": 45.766667,
        "fair_value": 46.13763,
        "relative_strength": 0.135112,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.028931,
        "energy": 24.109736,
        "activity_lines": [
          48.346667,
          48.734545,
          48.2,
          47.047312
        ]
      },
      {
        "date": "2026-07-03",
        "close": 48.0,
        "volume": 0,
        "typical_volume": 85.15,
        "trend": 45.873333,
        "fair_value": 46.152138,
        "relative_strength": -1.030253,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.276734,
        "energy": 23.068064,
        "activity_lines": [
          48.173334,
          48.563636,
          48.293333,
          47.191398
        ]
      },
      {
        "date": "2026-07-10",
        "close": 48.0,
        "volume": 0,
        "typical_volume": 80.9,
        "trend": 45.98,
        "fair_value": 46.218103,
        "relative_strength": 1.113225,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.64766,
        "energy": 21.501803,
        "activity_lines": [
          48.066667,
          48.410909,
          48.368571,
          47.328602
        ]
      },
      {
        "date": "2026-07-17",
        "close": 67.5,
        "volume": 637,
        "typical_volume": 111.6,
        "trend": 46.736667,
        "fair_value": 46.375561,
        "relative_strength": 41.270669,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 91.82642,
        "energy": 94.971926,
        "activity_lines": [
          54.526667,
          51.821818,
          50.270476,
          48.716989
        ]
      },
      {
        "date": "2026-07-24",
        "close": 68.5,
        "volume": 359,
        "typical_volume": 128.95,
        "trend": 47.54,
        "fair_value": 46.516693,
        "relative_strength": 41.82438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 94.189698,
        "energy": 97.802625,
        "activity_lines": [
          60.033333,
          55.089091,
          52.155714,
          50.121075
        ]
      },
      {
        "date": "2026-07-31",
        "close": 68.0,
        "volume": 10,
        "typical_volume": 129.3,
        "trend": 48.36,
        "fair_value": 46.653423,
        "relative_strength": 37.671203,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 90.778001,
        "energy": 96.751827,
        "activity_lines": [
          64.033333,
          57.921818,
          53.868095,
          51.441075
        ]
      },
      {
        "date": "2026-08-07",
        "close": 69.5,
        "volume": 10,
        "typical_volume": 111.7,
        "trend": 49.296667,
        "fair_value": 46.799768,
        "relative_strength": 36.671354,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.523141,
        "energy": 94.578894,
        "activity_lines": [
          67.2,
          60.692727,
          55.59381,
          52.804946
        ]
      }
    ],
    "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."
    }
  }
}