{
  "ticker": {
    "uuid": "2d27a823-aca2-4ff8-995d-3a6f78332504",
    "symbol": "REINA",
    "name": "Reinet Investments S.C.A.",
    "exchange": "AMS",
    "country": "NL",
    "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": "2026-08-21",
    "benchmark": "^AEX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -53.438,
    "architecture_energy": 31.058,
    "architecture_maturity": 63.447,
    "architecture_confidence": 83.026,
    "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": 23.57,
        "rotation_up": 26.0,
        "upward_expansion": 15.27,
        "deceleration": 45.56,
        "rotation_down": 35.69,
        "downward_expansion": 62.93
      },
      "activity_lines": [
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        25.352,
        26.178215
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 23.459999,
    "trend_reference": 27.2265,
    "distance_from_trend": -0.13834,
    "trend_direction": "Weakening",
    "fair_value": 24.340321,
    "distance_from_fair_value": -0.036167,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.044415,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.173944,
    "excess_performance": -0.260721,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.13834,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.053584,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.036167,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.302327,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.230444,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.24369,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.173944,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.050221,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3369,
      "relative_activity": 0.7113,
      "balance": 1.050221,
      "dry_up": 1.763787,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.083743,
      "annualized_volatility": 0.396548,
      "from_high_reference": -0.266875,
      "from_low_reference": 0.041741
    },
    "levels": {
      "trend_reference": 27.2265,
      "fair_value_reference": 24.340321,
      "structural_low": 22.52,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.021998,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.363636,
        "median_excess_return": 0.032931,
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        "best_return": 0.127388,
        "worst_return": -0.059579,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
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        "regime_survival": 0.25,
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        "worst_return": -0.053738,
        "sufficient": false
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        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.207982,
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        "worst_return": 0.028038,
        "sufficient": false
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        "close": 30.700001,
        "volume": 216,
        "typical_volume": 2398.35,
        "trend": 28.887833,
        "fair_value": 23.839213,
        "relative_strength": 6.460633,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 54.051326,
        "energy": 35.035105,
        "activity_lines": [
          29.91,
          29.276818,
          29.082738,
          29.051022
        ]
      },
      {
        "date": "2026-05-22",
        "close": 30.280001,
        "volume": 7647,
        "typical_volume": 2754.25,
        "trend": 28.937167,
        "fair_value": 23.914832,
        "relative_strength": 1.324554,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 48.635858,
        "energy": 35.003402,
        "activity_lines": [
          30.110667,
          29.552546,
          29.183524,
          29.140839
        ]
      },
      {
        "date": "2026-05-29",
        "close": 26.76,
        "volume": 9256,
        "typical_volume": 2913.55,
        "trend": 28.909167,
        "fair_value": 23.968501,
        "relative_strength": -9.552523,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 3.241837,
        "energy": 2.188442,
        "activity_lines": [
          28.963001,
          29.143182,
          28.944881,
          29.000376
        ]
      },
      {
        "date": "2026-06-05",
        "close": 26.200001,
        "volume": 18,
        "typical_volume": 2885.85,
        "trend": 28.875833,
        "fair_value": 24.012441,
        "relative_strength": -12.003366,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -58.410156,
        "energy": 36.445515,
        "activity_lines": [
          27.963001,
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          28.676905,
          28.825592
        ]
      },
      {
        "date": "2026-06-12",
        "close": 24.965,
        "volume": 566,
        "typical_volume": 2699.85,
        "trend": 28.768,
        "fair_value": 24.056445,
        "relative_strength": -19.166785,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -69.384072,
        "energy": 62.370973,
        "activity_lines": [
          26.744334,
          27.945,
          28.306548,
          28.57328
        ]
      },
      {
        "date": "2026-06-19",
        "close": 24.32,
        "volume": 1166,
        "typical_volume": 2665.15,
        "trend": 28.645333,
        "fair_value": 24.091403,
        "relative_strength": -20.92949,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.221161,
        "energy": 75.711381,
        "activity_lines": [
          25.590667,
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          27.895881,
          28.286312
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      },
      {
        "date": "2026-06-26",
        "close": 25.004999,
        "volume": 270,
        "typical_volume": 2628.75,
        "trend": 28.512167,
        "fair_value": 24.125227,
        "relative_strength": -17.174667,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.91818,
        "energy": 75.299582,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 24.33,
        "volume": 9024,
        "typical_volume": 2783.05,
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        "fair_value": 24.154724,
        "relative_strength": -20.772261,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.239932,
        "energy": 77.344131,
        "activity_lines": [
          24.717333,
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          27.781635
        ]
      },
      {
        "date": "2026-07-10",
        "close": 23.200001,
        "volume": 10052,
        "typical_volume": 3229.3,
        "trend": 28.209833,
        "fair_value": 24.174522,
        "relative_strength": -24.216701,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.001471,
        "energy": 76.010258,
        "activity_lines": [
          24.129333,
          25.281546,
          26.773405,
          27.447667
        ]
      },
      {
        "date": "2026-07-17",
        "close": 24.855,
        "volume": 11005,
        "typical_volume": 3613.15,
        "trend": 28.111667,
        "fair_value": 24.200017,
        "relative_strength": -19.102782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.909284,
        "energy": 56.427862,
        "activity_lines": [
          24.293,
          24.983818,
          26.518191,
          27.231226
        ]
      },
      {
        "date": "2026-07-24",
        "close": 23.615,
        "volume": 5895,
        "typical_volume": 3609.2,
        "trend": 27.932167,
        "fair_value": 24.213881,
        "relative_strength": -22.662256,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.297278,
        "energy": 54.348215,
        "activity_lines": [
          24.050667,
          24.539,
          26.167476,
          26.941118
        ]
      },
      {
        "date": "2026-07-31",
        "close": 24.25,
        "volume": 9371,
        "typical_volume": 4020.75,
        "trend": 27.7605,
        "fair_value": 24.242865,
        "relative_strength": -20.916013,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.999472,
        "energy": 48.420541,
        "activity_lines": [
          24.067,
          24.338455,
          25.900024,
          26.703559
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.120001,
        "volume": 9604,
        "typical_volume": 4299.9,
        "trend": 27.537833,
        "fair_value": 24.273743,
        "relative_strength": -18.663719,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.269479,
        "energy": 36.26409,
        "activity_lines": [
          24.423667,
          24.405728,
          25.732334,
          26.533205
        ]
      },
      {
        "date": "2026-08-14",
        "close": 26.0,
        "volume": 11072,
        "typical_volume": 4608.85,
        "trend": 27.4245,
        "fair_value": 24.313945,
        "relative_strength": -16.031999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.532932,
        "energy": 27.761914,
        "activity_lines": [
          25.021,
          24.662818,
          25.658357,
          26.433989
        ]
      },
      {
        "date": "2026-08-21",
        "close": 23.459999,
        "volume": 3369,
        "typical_volume": 4736.4,
        "trend": 27.2265,
        "fair_value": 24.340321,
        "relative_strength": -23.044415,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.437818,
        "energy": 31.058333,
        "activity_lines": [
          24.585,
          24.461727,
          25.352,
          26.178215
        ]
      }
    ],
    "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."
    }
  }
}