{ "ticker": { "uuid": "311179d1-98ab-4046-bc62-2ac19b3faeb4", "symbol": "RMD", "name": "ResMed Inc.", "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": 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": -35.105, "architecture_energy": 21.631, "architecture_maturity": 88.294, "architecture_confidence": 65.051, "architecture_tenure": "Established", "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": 49.77, "rotation_up": 25.12, "upward_expansion": 18.09, "deceleration": 46.82, "rotation_down": 29.33, "downward_expansion": 54.42 }, "activity_lines": [ 177.553336, 176.850002, 177.212909, 182.248697 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 177.75, "trend_reference": 190.925916, "distance_from_trend": -0.069011, "trend_direction": "Weakening", "fair_value": 194.526889, "distance_from_fair_value": -0.086245, "fair_value_direction": "Improving", "relative_strength": -30.135361, "relative_strength_direction": "Improving", "price_momentum": -0.217337, "excess_performance": -0.391584, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.069011, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.061911, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.086245, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.023531, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.301354, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.02093, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.217337, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.0, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.0, "dry_up": 3.914591, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.053593, "annualized_volatility": 0.238659, "from_high_reference": -0.283811, "from_low_reference": 0.083511 }, "levels": { "trend_reference": 190.925916, "fair_value_reference": 194.526889, "structural_low": 164.050003, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 26, "median_return": 0.00293, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.017624, "regime_survival": 0.769231, "best_return": 0.143778, "worst_return": -0.113845, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.033232, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.014063, "regime_survival": 0.333333, "best_return": 0.255456, "worst_return": -0.141519, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.077785, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.025832, "regime_survival": 0.2, "best_return": 0.250465, "worst_return": -0.211397, "sufficient": true }, { 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176.0, "volume": 171, "typical_volume": 14.3, "trend": 194.104541, "fair_value": 194.416831, "relative_strength": -30.245456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.199546, "energy": 26.533661, "activity_lines": [ 177.856668, 175.751819, 178.608533, 185.306208 ] }, { "date": "2026-07-24", "close": 173.100006, "volume": 49, "typical_volume": 14.05, "trend": 193.019852, "fair_value": 194.271659, "relative_strength": -31.583198, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.280545, "energy": 25.944633, "activity_lines": [ 176.863336, 175.344547, 177.573429, 183.951076 ] }, { "date": "2026-07-31", "close": 181.050003, "volume": 0, "typical_volume": 14.05, "trend": 192.167032, "fair_value": 194.39775, "relative_strength": -27.564583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.098023, "energy": 22.670073, "activity_lines": [ 177.91667, 176.413639, 177.499496, 183.178828 ] }, { "date": "2026-08-07", "close": 177.75, "volume": 0, "typical_volume": 14.05, "trend": 190.925916, "fair_value": 194.526889, "relative_strength": -30.135361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.104594, "energy": 21.631337, "activity_lines": [ 177.553336, 176.850002, 177.212909, 182.248697 ] } ], "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." } } }