{ "ticker": { "uuid": "340b7753-1360-4ae3-afe0-2b0bae978c56", "symbol": "TMEN", "name": "Tencent Music Entertainment Group", "exchange": "MEX", "country": "MX", "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": "^MXX", "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": -53.631, "architecture_energy": 62.352, "architecture_maturity": 100.0, "architecture_confidence": 87.885, "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": 28.48, "rotation_up": 28.0, "upward_expansion": 22.5, "deceleration": 46.93, "rotation_down": 46.4, "downward_expansion": 67.83 }, "activity_lines": [ 151.75, 151.412728, 154.682097, 168.480541 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 151.75, "trend_reference": 197.099419, "distance_from_trend": -0.230084, "trend_direction": "Weakening", "fair_value": 238.029969, "distance_from_fair_value": -0.362475, "fair_value_direction": "Weakening", "relative_strength": -48.856335, "relative_strength_direction": "Improving", "price_momentum": -0.476183, "excess_performance": -0.421516, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.230084, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.243132, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.362475, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.048031, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.488563, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.08371, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.476183, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.101928, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 1.101928, "dry_up": 0.0, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.024408, "annualized_volatility": 0.568828, "from_high_reference": -0.692567, "from_low_reference": 0.040809 }, "levels": { "trend_reference": 197.099419, "fair_value_reference": 238.029969, "structural_low": 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149.783334, 152.304546, 158.366628, 179.545834 ] }, { "date": "2026-07-24", "close": 151.75, "volume": 0, "typical_volume": 252.0, "trend": 208.92068, "fair_value": 237.489702, "relative_strength": -50.441349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.848981, "energy": 67.744082, "activity_lines": [ 150.560001, 152.002728, 156.673953, 175.476072 ] }, { "date": "2026-07-31", "close": 151.75, "volume": 0, "typical_volume": 252.0, "trend": 203.010049, "fair_value": 237.752494, "relative_strength": -49.859844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.988338, "energy": 66.037263, "activity_lines": [ 151.353334, 151.678182, 155.445776, 171.787641 ] }, { "date": "2026-08-07", "close": 151.75, "volume": 0, "typical_volume": 207.45, "trend": 197.099419, "fair_value": 238.029969, "relative_strength": -48.856335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.63114, "energy": 62.351528, "activity_lines": [ 151.75, 151.412728, 154.682097, 168.480541 ] } ], "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." } } }