{ "ticker": { "uuid": "52a9129c-2b2b-4b54-ab1a-45c3eefe64b6", "symbol": "MXHN", "name": "MAX Automation SE", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "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": -75.286, "architecture_energy": 65.076, "architecture_maturity": 18.247, "architecture_confidence": 83.091, "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": 5.06, "rotation_up": 14.03, "upward_expansion": 12.34, "deceleration": 40.51, "rotation_down": 72.98, "downward_expansion": 90.34 }, "activity_lines": [ 3.666, 3.725636, 3.833238, 3.886581 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 3.57, "trend_reference": 3.980333, "distance_from_trend": -0.10309, "trend_direction": "Weakening", "fair_value": 5.413077, "distance_from_fair_value": -0.340486, "fair_value_direction": "Weakening", "relative_strength": -26.645229, "relative_strength_direction": "Weakening", "price_momentum": -0.131387, "excess_performance": -0.196027, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.10309, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.052678, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.340486, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.059173, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.266452, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.064177, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.131387, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.039425, "read": "Demand-led" } ], "volume": { "latest": 8047, "relative_activity": 1.255999, "balance": 1.039425, "dry_up": 0.658046, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.05279, "annualized_volatility": 0.311469, "from_high_reference": -0.392857, "from_low_reference": 0.081818 }, "levels": { "trend_reference": 3.980333, "fair_value_reference": 5.413077, "structural_low": 3.3, "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": 18, "median_return": 0.042388, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.013645, "regime_survival": 0.722222, "best_return": 0.165746, "worst_return": -0.148235, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.025, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.003035, "regime_survival": 0.428571, "best_return": 0.14951, "worst_return": -0.104545, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.037967, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.170555, "regime_survival": 0.5, "best_return": 0.135, "worst_return": -0.179104, "sufficient": false }, { "horizon": "Full cycle", 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5.453269, "relative_strength": -21.456722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.211503, "energy": 65.356035, "activity_lines": [ 3.761333, 3.836909, 3.913571, 3.954946 ] }, { "date": "2026-07-24", "close": 3.71, "volume": 260, "typical_volume": 7062.1, "trend": 4.018667, "fair_value": 5.44, "relative_strength": -21.735269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.637283, "energy": 65.843251, "activity_lines": [ 3.736, 3.803818, 3.891571, 3.934409 ] }, { "date": "2026-07-31", "close": 3.71, "volume": 4290, "typical_volume": 6596.9, "trend": 4.002667, "fair_value": 5.426859, "relative_strength": -22.536653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.373665, "energy": 60.233108, "activity_lines": [ 3.720667, 3.776, 3.869286, 3.914495 ] }, { "date": "2026-08-07", "close": 3.57, "volume": 8047, "typical_volume": 6406.85, "trend": 3.980333, "fair_value": 5.413077, "relative_strength": -26.645229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.286237, "energy": 65.075679, "activity_lines": [ 3.666, 3.725636, 3.833238, 3.886581 ] } ], "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." } } }