{ "ticker": { "uuid": "21d55398-d1ea-4896-95fa-56f7f27e004c", "symbol": "AZK", "name": "Azkoyen, 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": 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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": -2.673, "architecture_energy": 24.874, "architecture_maturity": 60.036, "architecture_confidence": 75.411, "architecture_tenure": "New", "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": 42.93, "rotation_up": 17.35, "upward_expansion": 58.09, "deceleration": 88.33, "rotation_down": 47.22, "downward_expansion": 24.09 }, "activity_lines": [ 11.11831, 11.857593, 11.736559, 11.219199 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 10.1, "trend_reference": 10.498366, "distance_from_trend": -0.037946, "trend_direction": "Improving", "fair_value": 7.420868, "distance_from_fair_value": 0.361027, "fair_value_direction": "Weakening", "relative_strength": -10.37335, "relative_strength_direction": "Weakening", "price_momentum": 0.177156, "excess_performance": 0.052725, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.037946, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.129464, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.361027, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.262461, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.103733, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.226026, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.177156, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.631801, "read": "Supply-led" } ], "volume": { "latest": 314302, "relative_activity": 1.312095, "balance": 0.631801, "dry_up": 2.483074, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.090284, "annualized_volatility": 0.311931, "from_high_reference": -0.273234, "from_low_reference": 0.246914 }, "levels": { "trend_reference": 10.498366, "fair_value_reference": 7.420868, "structural_low": 8.32, "invalidation": "A 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92.985575, "activity_lines": [ 12.872676, 12.333496, 11.398031, 10.756023 ] }, { "date": "2026-07-10", "close": 13.246479, "volume": 295187, "typical_volume": 127456.2, "trend": 10.14923, "fair_value": 7.27401, "relative_strength": 21.644096, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.709302, "energy": 85.627244, "activity_lines": [ 13.066808, 12.579757, 11.646503, 10.966139 ] }, { "date": "2026-07-17", "close": 13.014085, "volume": 542517, "typical_volume": 151960.4, "trend": 10.2977, "fair_value": 7.321514, "relative_strength": 20.378657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.389013, "energy": 76.303392, "activity_lines": [ 13.107043, 12.736556, 11.853574, 11.150968 ] }, { "date": "2026-07-24", "close": 11.4, "volume": 1069678, "typical_volume": 202858.55, "trend": 10.391033, "fair_value": 7.358439, "relative_strength": 3.661911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.687057, "energy": 51.158784, "activity_lines": [ 12.57831, 12.566902, 11.888569, 11.222085 ] }, { "date": "2026-07-31", "close": 10.7, "volume": 452706, "typical_volume": 224586.25, "trend": 10.4537, "fair_value": 7.391344, "relative_strength": -3.426633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.59233, "energy": 19.616673, "activity_lines": [ 11.88047, 12.261793, 11.844993, 11.242018 ] }, { "date": "2026-08-07", "close": 10.1, "volume": 314302, "typical_volume": 239542.1, "trend": 10.498366, "fair_value": 7.420868, "relative_strength": -10.37335, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.672926, "energy": 24.874051, "activity_lines": [ 11.11831, 11.857593, 11.736559, 11.219199 ] } ], "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." } } }