{
  "ticker": {
    "uuid": "f910a277-7085-4d92-bd52-d30c0000c56e",
    "symbol": "ALGIL",
    "name": "Groupe Guillin S.A.",
    "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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -40.939,
    "architecture_energy": 22.155,
    "architecture_maturity": 16.805,
    "architecture_confidence": 83.044,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 49.57,
        "rotation_up": 16.39,
        "upward_expansion": 9.48,
        "deceleration": 53.46,
        "rotation_down": 51.5,
        "downward_expansion": 68.48
      },
      "activity_lines": [
        21.88,
        22.071191,
        22.026384,
        22.145373
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 21.6,
    "trend_reference": 22.581193,
    "distance_from_trend": -0.043452,
    "trend_direction": "Weakening",
    "fair_value": 26.26363,
    "distance_from_fair_value": -0.17757,
    "fair_value_direction": "Weakening",
    "relative_strength": -18.837578,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.098121,
    "excess_performance": -0.151433,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.043452,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.056649,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.17757,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.000815,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.188376,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.002503,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.098121,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.489105,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 12716,
      "relative_activity": 0.829956,
      "balance": 0.489105,
      "dry_up": 0.756137,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.058506,
      "annualized_volatility": 0.335263,
      "from_high_reference": -0.320755,
      "from_low_reference": 0.053659
    },
    "levels": {
      "trend_reference": 22.581193,
      "fair_value_reference": 26.26363,
      "structural_low": 20.5,
      "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": 18,
        "median_return": -0.015472,
        "positive_rate": 0.388889,
        "directional_follow_through": 0.388889,
        "median_excess_return": -0.002925,
        "regime_survival": 0.555556,
        "best_return": 0.135021,
        "worst_return": -0.07113,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.025321,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.005201,
        "regime_survival": 0.25,
        "best_return": 0.124473,
        "worst_return": -0.140952,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.033989,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.001782,
        "regime_survival": 0.4,
        "best_return": 0.110417,
        "worst_return": -0.012696,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.016955,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.039797,
        "regime_survival": 0.25,
        "best_return": 0.407463,
        "worst_return": -0.125154,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-19",
        "end": "2024-07-26",
        "tenure": "New",
        "return": 0.001658,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-08-02",
        "end": "2024-08-16",
        "tenure": "New",
        "return": -0.037736,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-23",
        "end": "2024-09-13",
        "tenure": "New",
        "return": -0.018333,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-20",
        "end": "2024-10-04",
        "tenure": "New",
        "return": -0.045763,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-11",
        "end": "2024-11-01",
        "tenure": "New",
        "return": -0.04363,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-08",
        "end": "2024-11-22",
        "tenure": "New",
        "return": -0.058182,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": 0.063584,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-24",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.076923,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.096154,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-23",
        "end": "2025-09-19",
        "tenure": "Established",
        "return": 0.023783,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-26",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": -0.045139,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-31",
        "end": "2025-11-21",
        "tenure": "New",
        "return": 0.036,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-06-26",
        "tenure": "Extended",
        "return": -0.181467,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.096234,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 15518.45,
        "trend": 23.335718,
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      },
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          22.137273,
          23.045715,
          23.85742
        ]
      },
      {
        "date": "2026-05-01",
        "close": 21.531034,
        "volume": 16356,
        "typical_volume": 24873.7,
        "trend": 24.796035,
        "fair_value": 26.508804,
        "relative_strength": -20.560735,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.610035,
        "energy": 38.068827,
        "activity_lines": [
          21.997012,
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          22.812956,
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 21.819397,
        "volume": 11223,
        "typical_volume": 25261.9,
        "trend": 24.491681,
        "fair_value": 26.50414,
        "relative_strength": -19.087916,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.083233,
        "energy": 32.802211,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 22.011639,
        "volume": 23975,
        "typical_volume": 26246.65,
        "trend": 24.245403,
        "fair_value": 26.489458,
        "relative_strength": -16.384129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.050285,
        "energy": 33.42163,
        "activity_lines": [
          21.968592,
          21.887986,
          22.490286,
          23.278023
        ]
      },
      {
        "date": "2026-05-22",
        "close": 21.627155,
        "volume": 39610,
        "typical_volume": 27641.95,
        "trend": 24.049641,
        "fair_value": 26.478369,
        "relative_strength": -19.003578,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.457207,
        "energy": 40.369747,
        "activity_lines": [
          21.800173,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 21.627155,
        "volume": 27741,
        "typical_volume": 28688.4,
        "trend": 23.937213,
        "fair_value": 26.462664,
        "relative_strength": -19.156162,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.686127,
        "energy": 37.276074,
        "activity_lines": [
          21.723276,
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          22.196642,
          22.952814
        ]
      },
      {
        "date": "2026-06-05",
        "close": 22.107759,
        "volume": 1508,
        "typical_volume": 28358.4,
        "trend": 23.809138,
        "fair_value": 26.450906,
        "relative_strength": -17.219793,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.826737,
        "energy": 32.870172,
        "activity_lines": [
          21.851437,
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          22.129208,
          22.834785
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      },
      {
        "date": "2026-06-12",
        "close": 21.627155,
        "volume": 2512,
        "typical_volume": 27894.95,
        "trend": 23.710043,
        "fair_value": 26.43549,
        "relative_strength": -19.751815,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.070666,
        "energy": 34.614279,
        "activity_lines": [
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          22.031679,
          22.694012
        ]
      },
      {
        "date": "2026-06-19",
        "close": 22.684483,
        "volume": 2667,
        "typical_volume": 25383.95,
        "trend": 23.602859,
        "fair_value": 26.429159,
        "relative_strength": -16.071697,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.310715,
        "energy": 19.322612,
        "activity_lines": [
          22.075718,
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          22.050909,
          22.627847
        ]
      },
      {
        "date": "2026-06-26",
        "close": 21.200001,
        "volume": 13861,
        "typical_volume": 21115.95,
        "trend": 23.446193,
        "fair_value": 26.404327,
        "relative_strength": -20.634101,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.839457,
        "energy": 29.861231,
        "activity_lines": [
          21.830805,
          21.830862,
          21.93812,
          22.472824
        ]
      },
      {
        "date": "2026-07-03",
        "close": 23.9,
        "volume": 3591,
        "typical_volume": 17662.2,
        "trend": 23.321193,
        "fair_value": 26.396208,
        "relative_strength": -11.35733,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 4.250504,
        "energy": 7.938242,
        "activity_lines": [
          22.514368,
          22.202939,
          22.095569,
          22.502102
        ]
      },
      {
        "date": "2026-07-10",
        "close": 22.0,
        "volume": 9644,
        "typical_volume": 16994.25,
        "trend": 23.162859,
        "fair_value": 26.375018,
        "relative_strength": -16.246858,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.709363,
        "energy": 12.588873,
        "activity_lines": [
          22.413075,
          22.20047,
          22.068256,
          22.416863
        ]
      },
      {
        "date": "2026-07-17",
        "close": 22.0,
        "volume": 9355,
        "typical_volume": 16604.35,
        "trend": 23.029526,
        "fair_value": 26.350263,
        "relative_strength": -15.681853,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.415481,
        "energy": 10.09799,
        "activity_lines": [
          22.318966,
          22.189475,
          22.053799,
          22.34184
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.799999,
        "volume": 11881,
        "typical_volume": 15657.2,
        "trend": 22.881193,
        "fair_value": 26.319472,
        "relative_strength": -16.164186,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.979844,
        "energy": 16.23376,
        "activity_lines": [
          22.133333,
          22.138832,
          22.034343,
          22.262516
        ]
      },
      {
        "date": "2026-07-31",
        "close": 22.200001,
        "volume": 12388,
        "typical_volume": 15240.35,
        "trend": 22.734526,
        "fair_value": 26.293028,
        "relative_strength": -15.315138,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.949005,
        "energy": 17.19141,
        "activity_lines": [
          22.14,
          22.164765,
          22.057744,
          22.218568
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.6,
        "volume": 12716,
        "typical_volume": 15321.3,
        "trend": 22.581193,
        "fair_value": 26.26363,
        "relative_strength": -18.837578,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.939206,
        "energy": 22.155342,
        "activity_lines": [
          21.88,
          22.071191,
          22.026384,
          22.145373
        ]
      }
    ],
    "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."
    }
  }
}