{ "ticker": { "uuid": "30f6b0e1-4d52-41ee-ac6b-35aaa463a293", "symbol": "ACS", "name": "ACS, Actividades de Construcci\u00f3n y Servicios, 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": 69.386, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "mixed", "architecture_direction": -38.223, "architecture_energy": 56.738, "architecture_maturity": 36.364, "architecture_confidence": 83.352, "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": 37.92, "rotation_up": 14.05, "upward_expansion": 29.45, "deceleration": 52.41, "rotation_down": 71.6, "downward_expansion": 47.79 }, "activity_lines": [ 112.38, 116.873189, 120.202825, 118.197721 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 109.0, "trend_reference": 113.784689, "distance_from_trend": -0.04205, "trend_direction": "Improving", "fair_value": 59.933216, "distance_from_fair_value": 0.818691, "fair_value_direction": "Weakening", "relative_strength": -2.556407, "relative_strength_direction": "Weakening", "price_momentum": 0.124871, "excess_performance": 0.00044, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.04205, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.127125, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.818691, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.775171, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025564, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.547913, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.124871, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.182296, "read": "Supply-led" } ], "volume": { "latest": 2931599, "relative_activity": 1.803567, "balance": 0.182296, "dry_up": 1.540289, "accumulation_observations": 1, "distribution_observations": 7 }, "risk": { "range_context": 0.056624, "annualized_volatility": 0.314022, "from_high_reference": -0.216616, "from_low_reference": 0.77097 }, "levels": { "trend_reference": 113.784689, "fair_value_reference": 59.933216, "structural_low": 96.5, "invalidation": "A 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"relative_strength": 6.619338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.746498, "energy": 14.236159, "activity_lines": [ 118.622265, 121.283993, 122.166746, 118.600665 ] }, { "date": "2026-07-31", "close": 110.300003, "volume": 3544942, "typical_volume": 1610622.3, "trend": 113.191447, "fair_value": 59.418243, "relative_strength": 0.993887, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.50123, "energy": 27.517922, "activity_lines": [ 115.193333, 119.092257, 121.263357, 118.468137 ] }, { "date": "2026-08-07", "close": 109.0, "volume": 2931599, "typical_volume": 1625445.35, "trend": 113.784689, "fair_value": 59.933216, "relative_strength": -2.556407, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.223176, "energy": 56.737693, "activity_lines": [ 112.38, 116.873189, 120.202825, 118.197721 ] } ], "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." } } }