{ "ticker": { "uuid": "fea95de3-6440-4fc9-822f-074defa9cef6", "symbol": "MLAZR", "name": "The Azur Selection 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 33.663, "architecture_energy": 23.379, "architecture_maturity": 61.491, "architecture_confidence": 76.41, "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": 52.15, "rotation_up": 23.18, "upward_expansion": 55.86, "deceleration": 90.84, "rotation_down": 30.8, "downward_expansion": 19.53 }, "activity_lines": [ 0.365467, 0.377964, 0.364148, 0.344486 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 0.352, "trend_reference": 0.326733, "distance_from_trend": 0.077331, "trend_direction": "Improving", "fair_value": 1.397353, "distance_from_fair_value": -0.748095, "fair_value_direction": "Improving", "relative_strength": -18.794754, "relative_strength_direction": "Improving", "price_momentum": 0.135484, "excess_performance": 0.082172, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077331, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.00143, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.748095, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.088752, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.187948, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.239637, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.135484, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.819398, "read": "Demand-led" } ], "volume": { "latest": 11623, "relative_activity": 0.373884, "balance": 1.819398, "dry_up": 0.957856, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.11451, "annualized_volatility": 0.730823, "from_high_reference": -0.504225, "from_low_reference": 0.530435 }, "levels": { "trend_reference": 0.326733, "fair_value_reference": 1.397353, "structural_low": 0.23, "invalidation": "A 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"orange", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": 0.00813, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2026-05-08", "tenure": "Extended", "return": -0.7125, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-07-03", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-07-24", "tenure": "New", "return": -0.095238, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.048649, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4.0, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, 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"typical_volume": 32584.9, "trend": 0.327167, "fair_value": 1.420737, "relative_strength": -14.241332, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.768594, "energy": 24.008293, "activity_lines": [ 0.3748, 0.384855, 0.362233, 0.342884 ] }, { "date": "2026-08-07", "close": 0.352, "volume": 11623, "typical_volume": 31087.15, "trend": 0.326733, "fair_value": 1.397353, "relative_strength": -18.794754, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.662768, "energy": 23.378607, "activity_lines": [ 0.365467, 0.377964, 0.364148, 0.344486 ] } ], "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." } } }