{ "ticker": { "uuid": "1233726a-ab57-404e-8ab2-fcceb79e088c", "symbol": "SHL", "name": "Siemens Healthineers AG", "exchange": "VIE", "country": "AT", "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": "^ATX", "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": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "down", "architecture_direction": 30.424, "architecture_energy": 40.216, "architecture_maturity": 8.92, "architecture_confidence": 55.086, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 33.1, "rotation_up": 53.47, "upward_expansion": 36.76, "deceleration": 37.87, "rotation_down": 14.03, "downward_expansion": 45.1 }, "activity_lines": [ 36.946666, 35.962182, 35.449619, 36.017111 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 39.349998, "trend_reference": 37.347637, "distance_from_trend": 0.053614, "trend_direction": "Weakening", "fair_value": 45.989343, "distance_from_fair_value": -0.144367, "fair_value_direction": "Improving", "relative_strength": -21.982244, "relative_strength_direction": "Improving", "price_momentum": -0.045598, "excess_performance": -0.219845, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.053614, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.06224, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.144367, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.142074, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.219822, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.127554, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.045598, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 15.075524, "read": "Demand-led" } ], "volume": { "latest": 500, "relative_activity": 0.787278, "balance": 15.075524, "dry_up": 3.47898, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.031453, "annualized_volatility": 0.254426, "from_high_reference": -0.190109, "from_low_reference": 0.194234 }, "levels": { "trend_reference": 37.347637, "fair_value_reference": 45.989343, "structural_low": 32.950001, "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": 4, "median_return": -0.011904, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.032736, "regime_survival": 0.5, "best_return": 0.055823, "worst_return": -0.113698, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.006312, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.031864, "regime_survival": 0.0, "best_return": 0.046975, "worst_return": -0.034352, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.042355, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.013523, "regime_survival": 0.0, "best_return": 0.061126, "worst_return": 0.023584, "sufficient": false }, { "horizon": "Full 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"date": "2026-07-10", "close": 34.630001, "volume": 35, "typical_volume": 250.5, "trend": 38.319546, "fair_value": 46.263433, "relative_strength": -32.570456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.778536, "energy": 40.439926, "activity_lines": [ 34.585333, 34.563091, 35.078714, 36.358712 ] }, { "date": "2026-07-17", "close": 35.18, "volume": 476, "typical_volume": 272.55, "trend": 38.04877, "fair_value": 46.178513, "relative_strength": -29.432827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.707704, "energy": 32.295151, "activity_lines": [ 34.793333, 34.699455, 34.995571, 36.156161 ] }, { "date": "2026-07-24", "close": 34.98, "volume": 0, "typical_volume": 262.05, "trend": 37.764816, "fair_value": 46.083974, "relative_strength": -29.990405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.704757, "energy": 26.784434, "activity_lines": [ 34.909333, 34.771091, 34.927619, 35.958176 ] }, { "date": "2026-07-31", "close": 36.880001, "volume": 7862, "typical_volume": 627.1, "trend": 37.551683, "fair_value": 46.022156, "relative_strength": -25.374162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.067214, "energy": 10.790404, "activity_lines": [ 35.604, 35.162909, 35.066381, 35.901091 ] }, { "date": "2026-08-07", "close": 39.349998, "volume": 500, "typical_volume": 635.1, "trend": 37.347637, "fair_value": 45.989343, "relative_strength": -21.982244, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 30.423743, "energy": 40.21596, "activity_lines": [ 36.946666, 35.962182, 35.449619, 36.017111 ] } ], "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." } } }