{
  "ticker": {
    "uuid": "2bd91726-f0ea-47f7-be4c-5ff3cf4be184",
    "symbol": "SFER",
    "name": "Salvatore Ferragamo S.p.A.",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 49.301,
    "architecture_energy": 42.437,
    "architecture_maturity": 73.097,
    "architecture_confidence": 60.804,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 25.1,
        "rotation_up": 43.63,
        "upward_expansion": 68.23,
        "deceleration": 64.66,
        "rotation_down": 26.04,
        "downward_expansion": 18.23
      },
      "activity_lines": [
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        8.914903
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 10.11,
    "trend_reference": 8.159667,
    "distance_from_trend": 0.239021,
    "trend_direction": "Improving",
    "fair_value": 8.258854,
    "distance_from_fair_value": 0.224141,
    "fair_value_direction": "Improving",
    "relative_strength": 11.868261,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.555385,
    "excess_performance": 0.381138,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.239021,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.097516,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.224141,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.222585,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.118683,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.040068,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.555385,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.73378,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 16891,
      "relative_activity": 3.628883,
      "balance": 0.73378,
      "dry_up": 1.532409,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.088184,
      "annualized_volatility": 0.682322,
      "from_high_reference": -0.061281,
      "from_low_reference": 1.31456
    },
    "levels": {
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      "fair_value_reference": 8.258854,
      "structural_low": 5.82,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 14,
        "median_return": -0.00233,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.001455,
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        "worst_return": -0.15047,
        "sufficient": true
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        "horizon": "Intermediate",
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        "close": 7.34,
        "volume": 600,
        "typical_volume": 4848.95,
        "trend": 7.211667,
        "fair_value": 8.719396,
        "relative_strength": -0.366925,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 18.018005,
        "energy": 38.807495,
        "activity_lines": [
          7.620667,
          7.282,
          7.101405,
          7.199161
        ]
      },
      {
        "date": "2026-05-08",
        "close": 8.69,
        "volume": 4522,
        "typical_volume": 4976.4,
        "trend": 7.301667,
        "fair_value": 8.676497,
        "relative_strength": 15.875097,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.376867,
        "energy": 59.329948,
        "activity_lines": [
          7.989667,
          7.584727,
          7.243452,
          7.294538
        ]
      },
      {
        "date": "2026-05-15",
        "close": 6.795,
        "volume": 0,
        "typical_volume": 4976.4,
        "trend": 7.327333,
        "fair_value": 8.62444,
        "relative_strength": -8.769744,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 1.43371,
        "energy": 12.078757,
        "activity_lines": [
          7.613333,
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          7.202548,
          7.261849
        ]
      },
      {
        "date": "2026-05-22",
        "close": 7.835,
        "volume": 2908,
        "typical_volume": 5121.8,
        "trend": 7.352,
        "fair_value": 8.580129,
        "relative_strength": 2.964502,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 16.656998,
        "energy": 15.121533,
        "activity_lines": [
          7.648667,
          7.604909,
          7.267262,
          7.294602
        ]
      },
      {
        "date": "2026-05-29",
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        "volume": 3133,
        "typical_volume": 4955.2,
        "trend": 7.434667,
        "fair_value": 8.545822,
        "relative_strength": 20.466229,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 49.711183,
        "energy": 37.481093,
        "activity_lines": [
          8.248,
          7.979182,
          7.488643,
          7.43028
        ]
      },
      {
        "date": "2026-06-05",
        "close": 9.21,
        "volume": 0,
        "typical_volume": 4839.6,
        "trend": 7.496667,
        "fair_value": 8.509309,
        "relative_strength": 18.062922,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 70.904159,
        "energy": 52.659161,
        "activity_lines": [
          8.643667,
          8.252545,
          7.679405,
          7.544817
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      },
      {
        "date": "2026-06-12",
        "close": 9.645,
        "volume": 0,
        "typical_volume": 4716.8,
        "trend": 7.566,
        "fair_value": 8.473111,
        "relative_strength": 19.534006,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.450192,
        "energy": 79.892224,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 9.635,
        "volume": 0,
        "typical_volume": 4316.45,
        "trend": 7.635,
        "fair_value": 8.440719,
        "relative_strength": 13.947103,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.128515,
        "energy": 82.852702,
        "activity_lines": [
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          8.804182,
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          7.816903
        ]
      },
      {
        "date": "2026-06-26",
        "close": 10.77,
        "volume": 733,
        "typical_volume": 4353.1,
        "trend": 7.729167,
        "fair_value": 8.416617,
        "relative_strength": 28.69332,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.499762,
        "energy": 90.68983,
        "activity_lines": [
          9.946667,
          9.227364,
          8.415405,
          8.019161
        ]
      },
      {
        "date": "2026-07-03",
        "close": 10.51,
        "volume": 0,
        "typical_volume": 4353.1,
        "trend": 7.814,
        "fair_value": 8.391611,
        "relative_strength": 21.781483,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.149602,
        "energy": 87.717757,
        "activity_lines": [
          10.202333,
          9.556455,
          8.673405,
          8.19857
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      },
      {
        "date": "2026-07-10",
        "close": 10.15,
        "volume": 7958,
        "typical_volume": 4689.6,
        "trend": 7.888833,
        "fair_value": 8.363662,
        "relative_strength": 18.421887,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.515996,
        "energy": 80.31319,
        "activity_lines": [
          10.267667,
          9.767636,
          8.879429,
          8.34928
        ]
      },
      {
        "date": "2026-07-17",
        "close": 10.47,
        "volume": 6544,
        "typical_volume": 4998.45,
        "trend": 7.9655,
        "fair_value": 8.339604,
        "relative_strength": 23.564846,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.776581,
        "energy": 73.224834,
        "activity_lines": [
          10.377,
          9.985909,
          9.100643,
          8.515806
        ]
      },
      {
        "date": "2026-07-24",
        "close": 9.86,
        "volume": 104,
        "typical_volume": 4685.65,
        "trend": 8.021667,
        "fair_value": 8.309923,
        "relative_strength": 14.130386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.713486,
        "energy": 54.528246,
        "activity_lines": [
          10.228,
          10.060909,
          9.246048,
          8.638032
        ]
      },
      {
        "date": "2026-07-31",
        "close": 10.29,
        "volume": 4992,
        "typical_volume": 4079.15,
        "trend": 8.086833,
        "fair_value": 8.286044,
        "relative_strength": 18.231436,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.051145,
        "energy": 49.907513,
        "activity_lines": [
          10.207333,
          10.158364,
          9.413952,
          8.784376
        ]
      },
      {
        "date": "2026-08-07",
        "close": 10.11,
        "volume": 16891,
        "typical_volume": 4654.6,
        "trend": 8.159667,
        "fair_value": 8.258854,
        "relative_strength": 11.868261,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.301122,
        "energy": 42.436912,
        "activity_lines": [
          10.158667,
          10.178455,
          9.548429,
          8.914903
        ]
      }
    ],
    "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."
    }
  }
}