{ "ticker": { "uuid": "0455b15e-1d5c-4276-b134-13b2af12b38c", "symbol": "AJ91", "name": "DocCheck AG", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 51.425, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "mixed", "architecture_direction": -26.954, "architecture_energy": 34.142, "architecture_maturity": 29.471, "architecture_confidence": 60.974, "architecture_tenure": "Developing", "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": 40.51, "rotation_up": 18.19, "upward_expansion": 20.03, "deceleration": 54.62, "rotation_down": 56.86, "downward_expansion": 47.36 }, "activity_lines": [ 11.6, 11.692727, 12.020847, 11.972015 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 11.4, "trend_reference": 11.952353, "distance_from_trend": -0.046213, "trend_direction": "Improving", "fair_value": 9.21365, "distance_from_fair_value": 0.237295, "fair_value_direction": "Weakening", "relative_strength": -9.569419, "relative_strength_direction": "Weakening", "price_momentum": -0.038691, "excess_performance": -0.10333, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.046213, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.028971, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.237295, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.349246, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.095694, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.332453, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.038691, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.839076, "read": "Supply-led" } ], "volume": { "latest": 3652, "relative_activity": 0.606498, "balance": 0.839076, "dry_up": 0.469654, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.05407, "annualized_volatility": 0.370423, "from_high_reference": -0.226116, "from_low_reference": 0.13933 }, "levels": { "trend_reference": 11.952353, "fair_value_reference": 9.21365, "structural_low": 10.005882, "invalidation": "A 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"close": 11.6, "volume": 24, "typical_volume": 5780.65, "trend": 11.824412, "fair_value": 9.122723, "relative_strength": -6.257294, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.344176, "energy": 21.437314, "activity_lines": [ 11.773333, 12.233529, 12.149125, 12.041047 ] }, { "date": "2026-07-10", "close": 12.0, "volume": 669, "typical_volume": 5704.5, "trend": 11.875441, "fair_value": 9.139564, "relative_strength": -0.274496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.523835, "energy": 24.076474, "activity_lines": [ 11.78, 12.126364, 12.152486, 12.052375 ] }, { "date": "2026-07-17", "close": 11.9, "volume": 1304, "typical_volume": 5669.15, "trend": 11.932402, "fair_value": 9.159453, "relative_strength": -0.2055, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.969414, "energy": 20.307947, "activity_lines": [ 11.8, 12.011925, 12.146092, 12.053959 ] }, { "date": "2026-07-24", "close": 11.6, "volume": 3800, "typical_volume": 5796.75, "trend": 11.970098, "fair_value": 9.177946, "relative_strength": -3.698287, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.867117, "energy": 19.64641, "activity_lines": [ 11.753333, 11.885989, 12.111373, 12.032514 ] }, { "date": "2026-07-31", "close": 11.6, "volume": 2556, "typical_volume": 5909.25, "trend": 11.967647, "fair_value": 9.194858, "relative_strength": -5.592556, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.565258, "energy": 16.997279, "activity_lines": [ 11.713333, 11.801818, 12.076562, 12.008637 ] }, { "date": "2026-08-07", "close": 11.4, "volume": 3652, "typical_volume": 6021.45, "trend": 11.952353, "fair_value": 9.21365, "relative_strength": -9.569419, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.953769, "energy": 34.142329, "activity_lines": [ 11.6, 11.692727, 12.020847, 11.972015 ] } ], "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." } } }