{ "ticker": { "uuid": "51999950-41f4-4335-9b00-ec1f554d46a9", "symbol": "FTE", "name": "Orange 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 66.218, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -26.63, "architecture_energy": 24.103, "architecture_maturity": 18.656, "architecture_confidence": 72.844, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 45.12, "rotation_up": 25.6, "upward_expansion": 10.23, "deceleration": 62.47, "rotation_down": 44.98, "downward_expansion": 47.23 }, "activity_lines": [ 16.366334, 16.428428, 16.800497, 16.890219 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 16.415001, "trend_reference": 16.777367, "distance_from_trend": -0.021598, "trend_direction": "Improving", "fair_value": 11.621767, "distance_from_fair_value": 0.412436, "fair_value_direction": "Weakening", "relative_strength": -1.151583, "relative_strength_direction": "Weakening", "price_momentum": 0.017275, "excess_performance": -0.047365, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.021598, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.064375, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.412436, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.175698, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.011516, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.218459, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.017275, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.852738, "read": "Supply-led" } ], "volume": { "latest": 21821, "relative_activity": 0.724174, "balance": 0.852738, "dry_up": 0.743149, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.041158, "annualized_volatility": 0.211417, "from_high_reference": -0.103997, "from_low_reference": 0.311039 }, "levels": { "trend_reference": 16.777367, "fair_value_reference": 11.621767, "structural_low": 15.645, "invalidation": "A 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"energy": 42.340328, "activity_lines": [ 16.368333, 16.811137, 17.064128, 16.933256 ] }, { "date": "2026-07-17", "close": 16.495001, "volume": 24503, "typical_volume": 37936.1, "trend": 16.525209, "fair_value": 11.4719, "relative_strength": 6.164864, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.571051, "energy": 47.294171, "activity_lines": [ 16.302667, 16.698471, 17.000818, 16.937593 ] }, { "date": "2026-07-24", "close": 16.135, "volume": 16572, "typical_volume": 36263.35, "trend": 16.606904, "fair_value": 11.519652, "relative_strength": 2.367132, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.70172, "energy": 60.226614, "activity_lines": [ 16.199, 16.536607, 16.908617, 16.912419 ] }, { "date": "2026-07-31", "close": 16.54, "volume": 26675, "typical_volume": 35728.95, "trend": 16.692188, "fair_value": 11.57147, "relative_strength": 2.504499, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.317095, "energy": 41.749155, "activity_lines": [ 16.287, 16.482971, 16.859288, 16.908102 ] }, { "date": "2026-08-07", "close": 16.415001, "volume": 21821, "typical_volume": 30132.25, "trend": 16.777367, "fair_value": 11.621767, "relative_strength": -1.151583, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.630396, "energy": 24.103037, "activity_lines": [ 16.366334, 16.428428, 16.800497, 16.890219 ] } ], "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." } } }