{
  "ticker": {
    "uuid": "4d78a36e-9278-488e-b98f-907b96fe8dbd",
    "symbol": "RRTL",
    "name": "RTL Group S.A.",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 60.043,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 56.871,
    "architecture_energy": 44.258,
    "architecture_maturity": 10.89,
    "architecture_confidence": 84.57,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 38.77,
        "rotation_up": 57.53,
        "upward_expansion": 81.5,
        "deceleration": 48.11,
        "rotation_down": 16.44,
        "downward_expansion": 10.5
      },
      "activity_lines": [
        32.31,
        32.079091,
        31.918917,
        31.780861
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 32.75,
    "trend_reference": 31.608255,
    "distance_from_trend": 0.036122,
    "trend_direction": "Improving",
    "fair_value": 26.629715,
    "distance_from_fair_value": 0.229829,
    "fair_value_direction": "Weakening",
    "relative_strength": -1.336932,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.036791,
    "excess_performance": -0.027849,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.036122,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.033467,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.229829,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.015927,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.013369,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.08786,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.036791,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.94151,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 325817,
      "relative_activity": 0.65681,
      "balance": 1.94151,
      "dry_up": 0.616296,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.040752,
      "annualized_volatility": 0.23638,
      "from_high_reference": -0.019461,
      "from_low_reference": 0.227866
    },
    "levels": {
      "trend_reference": 31.608255,
      "fair_value_reference": 26.629715,
      "structural_low": 28.638524,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": 0.013454,
        "positive_rate": 0.642857,
        "directional_follow_through": 0.642857,
        "median_excess_return": -0.015098,
        "regime_survival": 0.357143,
        "best_return": 0.058908,
        "worst_return": -0.09091,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.038574,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.034263,
        "regime_survival": 0.285714,
        "best_return": 0.076816,
        "worst_return": -0.173175,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.086792,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.094145,
        "regime_survival": 0.25,
        "best_return": 0.106169,
        "worst_return": -0.140036,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.08439,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.174008,
        "regime_survival": 0.0,
        "best_return": -0.002693,
        "worst_return": -0.166086,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-11",
        "end": "2024-11-01",
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        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-01-31",
        "tenure": "Developing",
        "return": 0.23125,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      },
      {
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "return": 0.01,
        "active": false
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      {
        "regime": "rotation_down",
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        "return": 0.001506,
        "active": false
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        "regime": "downward_expansion",
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        "relative_strength": 7.33669,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 51.925841,
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 1.589089,
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      },
      {
        "date": "2026-06-12",
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        "relative_strength": 4.758852,
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 2.177824,
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        "modifier": "Established expansion",
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        "energy": 22.185847,
        "activity_lines": [
          31.85,
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 26.474964,
        "relative_strength": -1.4866,
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        "regime": "upward_expansion",
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        "energy": 26.627297,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 31.200001,
        "volume": 434994,
        "typical_volume": 569372.3,
        "trend": 31.267538,
        "fair_value": 26.503186,
        "relative_strength": -1.117183,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 22.470001,
        "energy": 9.232356,
        "activity_lines": [
          31.666667,
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      },
      {
        "date": "2026-07-17",
        "close": 31.65,
        "volume": 326702,
        "typical_volume": 565113.8,
        "trend": 31.349398,
        "fair_value": 26.532615,
        "relative_strength": 1.166779,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.982373,
        "energy": 7.909084,
        "activity_lines": [
          31.61,
          31.647273,
          31.680187,
          31.584454
        ]
      },
      {
        "date": "2026-07-24",
        "close": 32.200001,
        "volume": 240267,
        "typical_volume": 551539.7,
        "trend": 31.45814,
        "fair_value": 26.558304,
        "relative_strength": 1.754833,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 46.70899,
        "energy": 18.738585,
        "activity_lines": [
          31.790001,
          31.78,
          31.741614,
          31.639331
        ]
      },
      {
        "date": "2026-07-31",
        "close": 32.45,
        "volume": 330093,
        "typical_volume": 519821.7,
        "trend": 31.548145,
        "fair_value": 26.586154,
        "relative_strength": 0.401222,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 50.87085,
        "energy": 23.25154,
        "activity_lines": [
          32.023334,
          31.915455,
          31.817625,
          31.703322
        ]
      },
      {
        "date": "2026-08-07",
        "close": 32.75,
        "volume": 325817,
        "typical_volume": 496059.6,
        "trend": 31.608255,
        "fair_value": 26.629715,
        "relative_strength": -1.336932,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 56.870561,
        "energy": 44.258391,
        "activity_lines": [
          32.31,
          32.079091,
          31.918917,
          31.780861
        ]
      }
    ],
    "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."
    }
  }
}