{
  "ticker": {
    "uuid": "42f73617-20f8-40d7-90ad-8fc39ed08e95",
    "symbol": "ADYE",
    "name": "Adyen N.V.",
    "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": -24.749,
    "architecture_energy": 16.477,
    "architecture_maturity": 89.452,
    "architecture_confidence": 88.619,
    "architecture_tenure": "Extended",
    "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": 44.29,
        "rotation_up": 28.12,
        "upward_expansion": 15.57,
        "deceleration": 43.26,
        "rotation_down": 31.09,
        "downward_expansion": 63.23
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 930.799988,
    "trend_reference": 953.32667,
    "distance_from_trend": -0.02363,
    "trend_direction": "Weakening",
    "fair_value": 1248.272435,
    "distance_from_fair_value": -0.254329,
    "fair_value_direction": "Improving",
    "relative_strength": -35.26908,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.176575,
    "excess_performance": -0.350821,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.02363,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.152056,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.254329,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.011362,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.352691,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.04394,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.176575,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.537934,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1244,
      "relative_activity": 3.250588,
      "balance": 0.537934,
      "dry_up": 2.830546,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.076931,
      "annualized_volatility": 0.512528,
      "from_high_reference": -0.400875,
      "from_low_reference": 0.178079
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    "levels": {
      "trend_reference": 953.32667,
      "fair_value_reference": 1248.272435,
      "structural_low": 790.099976,
      "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": 32,
        "median_return": 0.00345,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "worst_return": -0.210436,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
        "close": 800.200012,
        "volume": 883,
        "typical_volume": 268.15,
        "trend": 988.456671,
        "fair_value": 1257.543589,
        "relative_strength": -44.464045,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 881.700012,
        "volume": 1055,
        "typical_volume": 320.9,
        "trend": 970.780005,
        "fair_value": 1252.496795,
        "relative_strength": -37.807425,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.209448,
        "energy": 36.426819,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 930.799988,
        "volume": 1244,
        "typical_volume": 382.7,
        "trend": 953.32667,
        "fair_value": 1248.272435,
        "relative_strength": -35.26908,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -24.7491,
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      }
    ],
    "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."
    }
  }
}