{ "ticker": { "uuid": "0332063a-d86b-4851-980f-8b14213badff", "symbol": "LLN", "name": "LleidaNetworks Serveis Telem\u00e0tics, S.A.", "exchange": "MCE", "country": "ES", "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": "^IBEX", "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": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "mixed", "architecture_direction": 7.783, "architecture_energy": 17.179, "architecture_maturity": 92.941, "architecture_confidence": 42.896, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 52.32, "rotation_up": 50.22, "upward_expansion": 36.93, "deceleration": 45.26, "rotation_down": 20.86, "downward_expansion": 18.93 }, "activity_lines": [ 1.155667, 1.125364, 1.110929, 1.122215 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 1.105, "trend_reference": 1.147167, "distance_from_trend": -0.036757, "trend_direction": "Weakening", "fair_value": 1.145603, "distance_from_fair_value": -0.035442, "fair_value_direction": "Improving", "relative_strength": -27.92969, "relative_strength_direction": "Weakening", "price_momentum": -0.075314, "excess_performance": -0.199745, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.036757, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.074368, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.035442, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.000888, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.279297, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.045492, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.075314, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.3139, "read": "Demand-led" } ], "volume": { "latest": 346979, "relative_activity": 3.552803, "balance": 1.3139, "dry_up": 2.677701, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.097459, "annualized_volatility": 0.285294, "from_high_reference": -0.392857, "from_low_reference": 0.105 }, "levels": { "trend_reference": 1.147167, "fair_value_reference": 1.145603, "structural_low": 1.0, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 34, "median_return": -0.030863, "positive_rate": 0.411765, "directional_follow_through": 0.588235, "median_excess_return": -0.041999, "regime_survival": 0.882353, "best_return": 0.447368, "worst_return": -0.231405, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.11108, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.141128, "regime_survival": 0.666667, "best_return": 0.297753, "worst_return": -0.39071, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.122677, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.225082, "regime_survival": 0.571429, "best_return": 0.398876, "worst_return": -0.513661, 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39.190159, "activity_lines": [ 1.064, 1.065182, 1.098762, 1.127247 ] }, { "date": "2026-07-10", "close": 1.09, "volume": 50727, "typical_volume": 62421.7, "trend": 1.163667, "fair_value": 1.152526, "relative_strength": -28.193067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.440825, "energy": 29.852929, "activity_lines": [ 1.072333, 1.067091, 1.095571, 1.121903 ] }, { "date": "2026-07-17", "close": 1.1, "volume": 88882, "typical_volume": 59177.7, "trend": 1.155667, "fair_value": 1.149769, "relative_strength": -26.307396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.880492, "energy": 19.647948, "activity_lines": [ 1.083333, 1.072636, 1.09381, 1.117796 ] }, { "date": "2026-07-24", "close": 1.18, "volume": 74664, "typical_volume": 57677.35, "trend": 1.152167, "fair_value": 1.148231, "relative_strength": -21.710741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.064996, "energy": 12.152673, "activity_lines": [ 1.118667, 1.093545, 1.100095, 1.119366 ] }, { "date": "2026-07-31", "close": 1.245, "volume": 535529, "typical_volume": 82441.4, "trend": 1.153667, "fair_value": 1.1465, "relative_strength": -17.799765, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 31.484366, "energy": 29.661173, "activity_lines": [ 1.165667, 1.124091, 1.112381, 1.125355 ] }, { "date": "2026-08-07", "close": 1.105, "volume": 346979, "typical_volume": 97663.45, "trend": 1.147167, "fair_value": 1.145603, "relative_strength": -27.92969, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 7.782961, "energy": 17.178827, "activity_lines": [ 1.155667, 1.125364, 1.110929, 1.122215 ] } ], "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." } } }