{ "ticker": { "uuid": "4ed99ead-6db6-4296-ab6f-dce77019e008", "symbol": "DBV", "name": "DBV Technologies S.A.", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -74.679, "architecture_energy": 88.235, "architecture_maturity": 32.0, "architecture_confidence": 88.089, "architecture_tenure": "Developing", "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": 7.33, "rotation_up": 10.15, "upward_expansion": 21.68, "deceleration": 37.12, "rotation_down": 79.29, "downward_expansion": 97.35 }, "activity_lines": [ 2.413733, 2.583055, 2.853562, 3.043447 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 2.326, "trend_reference": 3.288533, "distance_from_trend": -0.292694, "trend_direction": "Weakening", "fair_value": 1.869244, "distance_from_fair_value": 0.244354, "fair_value_direction": "Weakening", "relative_strength": -25.162693, "relative_strength_direction": "Weakening", "price_momentum": -0.36011, "excess_performance": -0.413421, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.292694, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.010878, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.244354, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.541477, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.251627, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.541911, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.36011, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.36202, "read": "Supply-led" } ], "volume": { "latest": 4157671, "relative_activity": 1.134551, "balance": 0.36202, "dry_up": 1.272287, "accumulation_observations": 1, "distribution_observations": 6 }, "risk": { "range_context": 0.122826, "annualized_volatility": 0.385104, "from_high_reference": -0.483111, "from_low_reference": 0.606354 }, "levels": { "trend_reference": 3.288533, "fair_value_reference": 1.869244, "structural_low": 2.256, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 33, "median_return": -0.068736, "positive_rate": 0.393939, "directional_follow_through": 0.606061, "median_excess_return": -0.049587, "regime_survival": 0.909091, "best_return": 0.538144, "worst_return": -0.415269, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.211169, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.173172, "regime_survival": 0.75, "best_return": 0.767407, "worst_return": -0.535007, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.098941, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.098159, "regime_survival": 0.5, "best_return": 0.880962, "worst_return": -0.705548, "sufficient": true }, { "horizon": "Full 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4057835.85, "trend": 3.3698, "fair_value": 1.880962, "relative_strength": -11.769075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.312135, "energy": 67.302039, "activity_lines": [ 2.778, 2.876436, 3.095648, 3.235196 ] }, { "date": "2026-07-24", "close": 2.38, "volume": 5254375, "typical_volume": 3927184.0, "trend": 3.342467, "fair_value": 1.876833, "relative_strength": -19.850011, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.501429, "energy": 80.416661, "activity_lines": [ 2.634533, 2.767127, 3.011414, 3.171338 ] }, { "date": "2026-07-31", "close": 2.346, "volume": 3708259, "typical_volume": 3623522.55, "trend": 3.311833, "fair_value": 1.873321, "relative_strength": -22.519899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.267877, "energy": 85.252482, "activity_lines": [ 2.509867, 2.669309, 2.930538, 3.107049 ] }, { "date": "2026-08-07", "close": 2.326, "volume": 4157671, "typical_volume": 3664596.05, "trend": 3.288533, "fair_value": 1.869244, "relative_strength": -25.162693, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.679488, "energy": 88.23491, "activity_lines": [ 2.413733, 2.583055, 2.853562, 3.043447 ] } ], "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." } } }