{ "ticker": { "uuid": "3b667976-48d7-418d-8c95-72e108b7f5d0", "symbol": "FRE", "name": "Fresenius SE & Co. KGaA", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 61.603, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 55.025, "architecture_energy": 77.515, "architecture_maturity": 11.597, "architecture_confidence": 71.26, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 12.84, "rotation_up": 83.01, "upward_expansion": 63.64, "deceleration": 13.32, "rotation_down": 14.04, "downward_expansion": 31.64 }, "activity_lines": [ 44.86, 43.218909, 41.440192, 41.870779 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 47.18, "trend_reference": 43.087992, "distance_from_trend": 0.094969, "trend_direction": "Weakening", "fair_value": 35.573376, "distance_from_fair_value": 0.326273, "fair_value_direction": "Improving", "relative_strength": -14.301808, "relative_strength_direction": "Improving", "price_momentum": -0.02198, "excess_performance": -0.196227, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094969, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.037364, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.326273, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.161246, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.143018, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.101175, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.02198, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 4.311047, "read": "Demand-led" } ], "volume": { "latest": 9489, "relative_activity": 4.885068, "balance": 4.311047, "dry_up": 2.780252, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.039734, "annualized_volatility": 0.298059, "from_high_reference": -0.080929, "from_low_reference": 0.3008 }, "levels": { "trend_reference": 43.087992, "fair_value_reference": 35.573376, "structural_low": 36.27, "invalidation": "A 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40.11119, 41.573676 ] }, { "date": "2026-07-17", "close": 41.880001, "volume": 4962, "typical_volume": 1307.2, "trend": 43.288756, "fair_value": 35.233208, "relative_strength": -21.612227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.203012, "energy": 24.941349, "activity_lines": [ 41.756001, 40.340197, 40.170201, 41.471747 ] }, { "date": "2026-07-24", "close": 43.619999, "volume": 5073, "typical_volume": 1413.9, "trend": 43.163609, "fair_value": 35.337489, "relative_strength": -19.105599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.908515, "energy": 37.60798, "activity_lines": [ 42.537334, 41.117455, 40.432256, 41.493118 ] }, { "date": "2026-07-31", "close": 44.950001, "volume": 2078, "typical_volume": 1479.45, "trend": 43.112634, "fair_value": 35.454804, "relative_strength": -16.270028, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.589413, "energy": 58.913597, "activity_lines": [ 43.494001, 42.030364, 40.82857, 41.608369 ] }, { "date": "2026-08-07", "close": 47.18, "volume": 9489, "typical_volume": 1942.45, "trend": 43.087992, "fair_value": 35.573376, "relative_strength": -14.301808, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.024891, "energy": 77.514673, "activity_lines": [ 44.86, 43.218909, 41.440192, 41.870779 ] } ], "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." } } }