{
  "ticker": {
    "uuid": "4a81e94d-79c1-4b4b-8633-f8499972b8e3",
    "symbol": "ATS",
    "name": "AT & S Austria Technologie & Systemtechnik Aktiengesellschaft",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 32.73,
    "architecture_energy": 28.867,
    "architecture_maturity": 77.0,
    "architecture_confidence": 92.545,
    "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": 44.6,
        "rotation_up": 22.58,
        "upward_expansion": 57.19,
        "deceleration": 91.17,
        "rotation_down": 34.06,
        "downward_expansion": 20.86
      },
      "activity_lines": [
        148.680002,
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        151.502381,
        130.394947
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 143.600006,
    "trend_reference": 102.605,
    "distance_from_trend": 0.399542,
    "trend_direction": "Improving",
    "fair_value": 36.441282,
    "distance_from_fair_value": 2.940586,
    "fair_value_direction": "Improving",
    "relative_strength": 79.504281,
    "relative_strength_direction": "Weakening",
    "price_momentum": 1.849206,
    "excess_performance": 1.67496,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.399542,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.820583,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 2.940586,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.038401,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.795043,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.719881,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.849206,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.939274,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 796260,
      "relative_activity": 1.18003,
      "balance": 0.939274,
      "dry_up": 1.090478,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.221073,
      "annualized_volatility": 0.956971,
      "from_high_reference": -0.378355,
      "from_low_reference": 6.838428
    },
    "levels": {
      "trend_reference": 102.605,
      "fair_value_reference": 36.441282,
      "structural_low": 40.799999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.009036,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.028857,
        "regime_survival": 0.2,
        "best_return": 0.326291,
        "worst_return": -0.081604,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.273418,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.30104,
        "regime_survival": 0.0,
        "best_return": 0.431925,
        "worst_return": 0.200553,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.374827,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.403511,
        "regime_survival": 0.0,
        "best_return": 1.272301,
        "worst_return": -0.324068,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.259364,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.442192,
        "regime_survival": 0.0,
        "best_return": 0.259364,
        "worst_return": 0.259364,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
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        "end": "2024-06-07",
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        "return": 0.038809,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-09-20",
        "tenure": "Developing",
        "return": 0.21966,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
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        "label": "Rotation Up",
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      {
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-03-14",
        "tenure": "Established",
        "return": -0.039445,
        "active": false
      },
      {
        "regime": "balance",
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      {
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      {
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        "regime": "deceleration",
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      {
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        "active": true
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 579574,
        "typical_volume": 659178.05,
        "trend": 91.373333,
        "fair_value": 34.299103,
        "relative_strength": 131.445336,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 64.16928,
        "activity_lines": [
          185.14,
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          144.930238,
          120.865269
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      },
      {
        "date": "2026-07-24",
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        "volume": 535069,
        "typical_volume": 644977.4,
        "trend": 95.615,
        "fair_value": 35.10359,
        "relative_strength": 115.878169,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.459444,
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        "activity_lines": [
          173.306669,
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          125.202473
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      },
      {
        "date": "2026-07-31",
        "close": 131.399994,
        "volume": 1032427,
        "typical_volume": 668993.05,
        "trend": 98.901666,
        "fair_value": 35.727692,
        "relative_strength": 73.979833,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.629843,
        "energy": 26.700455,
        "activity_lines": [
          156.9,
          169.090909,
          149.837619,
          127.511183
        ]
      },
      {
        "date": "2026-08-07",
        "close": 143.600006,
        "volume": 796260,
        "typical_volume": 674779.5,
        "trend": 102.605,
        "fair_value": 36.441282,
        "relative_strength": 79.504281,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.729738,
        "energy": 28.866894,
        "activity_lines": [
          148.680002,
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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."
    }
  }
}