{ "ticker": { "uuid": "4d7ea4f9-648d-4cb8-85fc-4b735cabde54", "symbol": "KBX", "name": "Knorr-Bremse AG", "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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 32.253, "architecture_energy": 16.064, "architecture_maturity": 48.944, "architecture_confidence": 45.056, "architecture_tenure": "Established", "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": 48.93, "rotation_up": 35.27, "upward_expansion": 59.43, "deceleration": 60.95, "rotation_down": 22.6, "downward_expansion": 14.1 }, "activity_lines": [ 103.206667, 103.338181, 102.600378, 102.114373 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 102.0, "trend_reference": 101.631069, "distance_from_trend": 0.00363, "trend_direction": "Improving", "fair_value": 77.329307, "distance_from_fair_value": 0.319034, "fair_value_direction": "Weakening", "relative_strength": -11.703698, "relative_strength_direction": "Weakening", "price_momentum": -0.018, "excess_performance": -0.192247, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.00363, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047755, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.319034, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.076253, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.117037, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.089221, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.018, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.951923, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 1.951923, "dry_up": 1.119565, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.051697, "annualized_volatility": 0.317299, "from_high_reference": -0.09413, "from_low_reference": 0.343589 }, "levels": { "trend_reference": 101.631069, "fair_value_reference": 77.329307, "structural_low": 91.560239, "invalidation": "A 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"regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": 0.04858, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.165658, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.096213, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-09-12", "tenure": "Established", "return": -0.006916, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": -0.03021, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-10-31", "tenure": 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22.896837, "activity_lines": [ 101.579998, 101.327241, 100.974261, 100.367841 ] }, { "date": "2026-06-19", "close": 104.099998, "volume": 0, "typical_volume": 30.05, "trend": 99.089241, "fair_value": 75.428268, "relative_strength": -10.028981, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.14251, "energy": 35.12065, "activity_lines": [ 102.396665, 101.824761, 101.237904, 100.738649 ] }, { "date": "2026-06-26", "close": 98.949997, "volume": 0, "typical_volume": 29.05, "trend": 99.394416, "fair_value": 75.640558, "relative_strength": -12.582016, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.365845, "energy": 13.510613, "activity_lines": [ 101.396664, 101.392429, 100.975411, 100.729665 ] }, { "date": "2026-07-03", "close": 108.599998, "volume": 100, "typical_volume": 34.05, "trend": 100.052317, "fair_value": 75.948028, "relative_strength": -6.222799, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.134564, "energy": 43.417564, "activity_lines": [ 103.666664, 102.780907, 101.655393, 101.323574 ] }, { "date": "2026-07-10", "close": 102.199997, "volume": 0, "typical_volume": 34.05, "trend": 100.403706, "fair_value": 76.208579, "relative_strength": -10.363988, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.345599, "energy": 33.546775, "activity_lines": [ 103.476664, 102.813634, 101.701456, 101.462134 ] }, { "date": "2026-07-17", "close": 102.599998, "volume": 103, "typical_volume": 38.9, "trend": 100.721022, "fair_value": 76.490821, "relative_strength": -8.075427, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.650677, "energy": 23.871382, "activity_lines": [ 103.306664, 102.82818, 101.834668, 101.60383 ] }, { "date": "2026-07-24", "close": 106.5, "volume": 0, "typical_volume": 23.0, "trend": 101.184685, "fair_value": 76.789883, "relative_strength": -5.696418, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.550431, "energy": 48.046177, "activity_lines": [ 104.376665, 103.560907, 102.37291, 101.976668 ] }, { "date": "2026-07-31", "close": 102.800003, "volume": 0, "typical_volume": 23.0, "trend": 101.480877, "fair_value": 77.067633, "relative_strength": -8.719605, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.951752, "energy": 22.428894, "activity_lines": [ 104.053333, 103.549999, 102.533635, 102.080882 ] }, { "date": "2026-08-07", "close": 102.0, "volume": 0, "typical_volume": 23.0, "trend": 101.631069, "fair_value": 77.329307, "relative_strength": -11.703698, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.253083, "energy": 16.063596, "activity_lines": [ 103.206667, 103.338181, 102.600378, 102.114373 ] } ], "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." } } }