{ "ticker": { "uuid": "543fb2a9-ebdf-47c8-b077-314318ff4017", "symbol": "REC", "name": "Recordati Industria Chimica e Farmaceutica S.p.A.", "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": 87.299, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.585, "architecture_energy": 88.115, "architecture_maturity": 32.819, "architecture_confidence": 78.199, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.35, "rotation_up": 71.76, "upward_expansion": 97.82, "deceleration": 39.97, "rotation_down": 22.4, "downward_expansion": 19.82 }, "activity_lines": [ 52.043333, 51.669091, 51.145594, 50.305018 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 53.200001, "trend_reference": 49.198833, "distance_from_trend": 0.081326, "trend_direction": "Improving", "fair_value": 48.528463, "distance_from_fair_value": 0.096264, "fair_value_direction": "Improving", "relative_strength": -12.827115, "relative_strength_direction": "Improving", "price_momentum": 0.136058, "excess_performance": -0.038188, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081326, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.018615, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.096264, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.053269, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.128271, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.029376, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.136058, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.0, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 5.0, "dry_up": 0.0, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.015649, "annualized_volatility": 0.169473, "from_high_reference": -0.008388, "from_low_reference": 0.226468 }, "levels": { "trend_reference": 49.198833, "fair_value_reference": 48.528463, "structural_low": 43.376604, "invalidation": "A 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48.933266, "fair_value": 48.398372, "relative_strength": -14.177487, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.024643, "energy": 71.990081, "activity_lines": [ 51.37, 51.228181, 50.674333, 49.865795 ] }, { "date": "2026-07-31", "close": 51.599998, "volume": 0, "typical_volume": 158.15, "trend": 49.058779, "fair_value": 48.456715, "relative_strength": -13.327351, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.143312, "energy": 72.002735, "activity_lines": [ 51.446666, 51.305454, 50.848656, 50.037843 ] }, { "date": "2026-08-07", "close": 53.200001, "volume": 0, "typical_volume": 158.15, "trend": 49.198833, "fair_value": 48.528463, "relative_strength": -12.827115, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.585382, "energy": 88.115238, "activity_lines": [ 52.043333, 51.669091, 51.145594, 50.305018 ] } ], "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." } } }