{ "ticker": { "uuid": "0f99f6ad-04a3-4f40-be4d-07abda37b136", "symbol": "PSPN", "name": "PSP Swiss Property AG", "exchange": "EBS", "country": "CH", "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": "2026-09-04", "benchmark": "^SSMI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 49.426, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -36.441, "architecture_energy": 21.61, "architecture_maturity": 42.811, "architecture_confidence": 61.352, "architecture_tenure": "Developing", "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": 50.49, "rotation_up": 25.89, "upward_expansion": 18.39, "deceleration": 43.77, "rotation_down": 30.76, "downward_expansion": 57.05 }, "activity_lines": [ 145.399999, 145.161818, 145.297142, 147.182022 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 145.699997, "trend_reference": 149.928069, "distance_from_trend": -0.028201, "trend_direction": "Improving", "fair_value": 127.002143, "distance_from_fair_value": 0.147225, "fair_value_direction": "Weakening", "relative_strength": -7.286584, "relative_strength_direction": "Weakening", "price_momentum": -0.098655, "excess_performance": -0.197955, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.028201, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.005393, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.147225, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004254, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.072866, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01537, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.098655, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.697644, "read": "Demand-led" } ], "volume": { "latest": 319108, "relative_activity": 1.620857, "balance": 2.697644, "dry_up": 1.55399, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.022333, "annualized_volatility": 0.15116, "from_high_reference": -0.113106, "from_low_reference": 0.1349 }, "levels": { "trend_reference": 149.928069, "fair_value_reference": 127.002143, 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"down", "direction": -60.005482, "energy": 38.899943, "activity_lines": [ 144.480002, 144.645455, 145.857857, 148.045961 ] }, { "date": "2026-08-21", "close": 145.5, "volume": 357146, "typical_volume": 202066.9, "trend": 150.330697, "fair_value": 126.397685, "relative_strength": -7.991511, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.699196, "energy": 32.506065, "activity_lines": [ 144.646668, 144.805455, 145.585238, 147.736501 ] }, { "date": "2026-08-28", "close": 146.199997, "volume": 293260, "typical_volume": 199142.7, "trend": 150.163731, "fair_value": 126.705925, "relative_strength": -7.101045, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.342912, "energy": 26.304671, "activity_lines": [ 145.173334, 145.04, 145.436666, 147.470005 ] }, { "date": "2026-09-04", "close": 145.699997, "volume": 319108, "typical_volume": 196876.15, "trend": 149.928069, "fair_value": 127.002143, "relative_strength": -7.286584, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.4412, "energy": 21.609671, "activity_lines": [ 145.399999, 145.161818, 145.297142, 147.182022 ] } ], "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." } } }