{
  "ticker": {
    "uuid": "1a8227c6-ed0f-47f3-b12e-c7eb91f347e3",
    "symbol": "WUW",
    "name": "W\u00fcstenrot & W\u00fcrttembergische 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": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 65.872,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -4.372,
    "architecture_energy": 2.923,
    "architecture_maturity": 14.794,
    "architecture_confidence": 70.852,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 71.38,
        "rotation_up": 29.73,
        "upward_expansion": 25.0,
        "deceleration": 53.63,
        "rotation_down": 26.66,
        "downward_expansion": 23.33
      },
      "activity_lines": [
        14.612,
        14.640727,
        14.556743,
        14.578953
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 14.58,
    "trend_reference": 14.618416,
    "distance_from_trend": -0.002628,
    "trend_direction": "Improving",
    "fair_value": 12.640387,
    "distance_from_fair_value": 0.153446,
    "fair_value_direction": "Improving",
    "relative_strength": -4.63885,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.028977,
    "excess_performance": -0.093617,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.002628,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.02277,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.153446,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.032902,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.046388,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.053893,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.028977,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.333285,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 85321,
      "relative_activity": 0.594252,
      "balance": 2.333285,
      "dry_up": 0.634257,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.037856,
      "annualized_volatility": 0.234864,
      "from_high_reference": -0.090391,
      "from_low_reference": 0.146245
    },
    "levels": {
      "trend_reference": 14.618416,
      "fair_value_reference": 12.640387,
      "structural_low": 12.872819,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": 0.014876,
        "positive_rate": 0.647059,
        "directional_follow_through": 0.647059,
        "median_excess_return": -0.006809,
        "regime_survival": 0.470588,
        "best_return": 0.120805,
        "worst_return": -0.055066,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.014381,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": 0.039023,
        "regime_survival": 0.111111,
        "best_return": 0.189229,
        "worst_return": -0.051529,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.006637,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.062646,
        "regime_survival": 0.285714,
        "best_return": 0.193898,
        "worst_return": -0.203413,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.077042,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.248911,
        "regime_survival": 0.0,
        "best_return": 0.042673,
        "worst_return": -0.198126,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
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        "end": "2024-07-26",
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        "color": "blue",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-08-30",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-01-24",
        "tenure": "Established",
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        "active": false
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      {
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2025-03-07",
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      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "typical_volume": 145907.45,
        "trend": 14.093154,
        "fair_value": 12.554607,
        "relative_strength": 2.986333,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.944062,
        "energy": 22.037384,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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        "fair_value": 12.562088,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 158290.85,
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        "relative_strength": 0.750427,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 168484.95,
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        "fair_value": 12.564631,
        "relative_strength": 3.076669,
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        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -13.176574,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "fair_value": 12.569896,
        "relative_strength": 2.478371,
        "stage": 3,
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        "modifier": "Recompressing",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 186432.0,
        "trend": 14.292969,
        "fair_value": 12.575675,
        "relative_strength": 2.031781,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 180199.05,
        "trend": 14.31921,
        "fair_value": 12.578355,
        "relative_strength": -1.105044,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 9.138161,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 177048.25,
        "trend": 14.374872,
        "fair_value": 12.587396,
        "relative_strength": 5.789161,
        "stage": 3,
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 12.592463,
        "relative_strength": -0.091681,
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        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.994717,
        "energy": 12.625062,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-26",
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        "typical_volume": 172111.2,
        "trend": 14.452747,
        "fair_value": 12.598443,
        "relative_strength": 2.149273,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 32.208613,
        "energy": 15.361596,
        "activity_lines": [
          14.576,
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          14.525894
        ]
      },
      {
        "date": "2026-07-03",
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        "typical_volume": 166023.2,
        "trend": 14.4987,
        "fair_value": 12.60874,
        "relative_strength": 0.074082,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 45.885914,
        "energy": 31.419889,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 14.6,
        "volume": 86234,
        "typical_volume": 163915.0,
        "trend": 14.526306,
        "fair_value": 12.615072,
        "relative_strength": 0.431735,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 15.265238,
        "energy": 15.825596,
        "activity_lines": [
          14.692,
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          14.512191,
          14.563865
        ]
      },
      {
        "date": "2026-07-17",
        "close": 14.72,
        "volume": 105001,
        "typical_volume": 162436.7,
        "trend": 14.564289,
        "fair_value": 12.622173,
        "relative_strength": 2.039389,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 20.06231,
        "energy": 20.998526,
        "activity_lines": [
          14.693333,
          14.654909,
          14.525041,
          14.576362
        ]
      },
      {
        "date": "2026-07-24",
        "close": 14.64,
        "volume": 69035,
        "typical_volume": 154740.1,
        "trend": 14.590678,
        "fair_value": 12.627868,
        "relative_strength": 0.287046,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 8.587037,
        "energy": 15.729463,
        "activity_lines": [
          14.689333,
          14.662545,
          14.535593,
          14.581246
        ]
      },
      {
        "date": "2026-07-31",
        "close": 14.58,
        "volume": 104902,
        "typical_volume": 149713.85,
        "trend": 14.604866,
        "fair_value": 12.634183,
        "relative_strength": -2.176356,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -1.820232,
        "energy": 3.059835,
        "activity_lines": [
          14.650667,
          14.650909,
          14.544403,
          14.580558
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.58,
        "volume": 85321,
        "typical_volume": 143577.15,
        "trend": 14.618416,
        "fair_value": 12.640387,
        "relative_strength": -4.63885,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -4.372049,
        "energy": 2.923224,
        "activity_lines": [
          14.612,
          14.640727,
          14.556743,
          14.578953
        ]
      }
    ],
    "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."
    }
  }
}