{ "ticker": { "uuid": "5f771b87-834f-46c0-9dbc-d0f7362f2f51", "symbol": "VMX", "name": "Verimatrix SA", "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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 88.547, "architecture_energy": 84.078, "architecture_maturity": 22.0, "architecture_confidence": 80.444, "architecture_tenure": "New", "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": 17.6, "rotation_up": 76.39, "upward_expansion": 88.81, "deceleration": 47.66, "rotation_down": 11.7, "downward_expansion": 20.14 }, "activity_lines": [ 0.248833, 0.2298, 0.216731, 0.206066 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 0.307, "trend_reference": 0.196333, "distance_from_trend": 0.563667, "trend_direction": "Improving", "fair_value": 0.319285, "distance_from_fair_value": -0.038477, "fair_value_direction": "Improving", "relative_strength": 48.975047, "relative_strength_direction": "Improving", "price_momentum": 0.598958, "excess_performance": 0.545647, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.563667, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.08792, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.038477, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.435477, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.48975, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.55872, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.598958, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 16.04627, "read": "Demand-led" } ], "volume": { "latest": 2595879, "relative_activity": 6.838862, "balance": 16.04627, "dry_up": 1.965227, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.092583, "annualized_volatility": 0.705174, "from_high_reference": -0.069697, "from_low_reference": 1.131944 }, "levels": { "trend_reference": 0.196333, "fair_value_reference": 0.319285, "structural_low": 0.149, "invalidation": "A 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-3.563919, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.718719, "energy": 21.387495, "activity_lines": [ 0.200167, 0.208173, 0.197717, 0.193322 ] }, { "date": "2026-07-17", "close": 0.202, "volume": 89538, "typical_volume": 336824.3, "trend": 0.1907, "fair_value": 0.327651, "relative_strength": 2.407579, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.9102, "energy": 22.936734, "activity_lines": [ 0.199133, 0.207309, 0.198983, 0.194055 ] }, { "date": "2026-07-24", "close": 0.214, "volume": 120944, "typical_volume": 335134.8, "trend": 0.191467, "fair_value": 0.324619, "relative_strength": 8.833832, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.915781, "energy": 21.688933, "activity_lines": [ 0.2033, 0.208364, 0.201336, 0.195558 ] }, { "date": "2026-07-31", "close": 0.24, "volume": 177463, "typical_volume": 259243.15, "trend": 0.192667, "fair_value": 0.321683, "relative_strength": 20.101733, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.534825, "energy": 39.376805, "activity_lines": [ 0.2162, 0.213518, 0.20605, 0.198689 ] }, { "date": "2026-08-07", "close": 0.307, "volume": 2595879, "typical_volume": 379577.6, "trend": 0.196333, "fair_value": 0.319285, "relative_strength": 48.975047, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.546927, "energy": 84.077659, "activity_lines": [ 0.248833, 0.2298, 0.216731, 0.206066 ] } ], "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." } } }