{ "ticker": { "uuid": "63e58a96-8aba-42fd-a51e-b74e6abf2286", "symbol": "HMI", "name": "Herm\u00e8s International Soci\u00e9t\u00e9 en commandite par actions", "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -51.918, "architecture_energy": 33.071, "architecture_maturity": 54.964, "architecture_confidence": 90.687, "architecture_tenure": "Established", "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": 34.54, "rotation_up": 20.57, "upward_expansion": 3.49, "deceleration": 51.75, "rotation_down": 49.82, "downward_expansion": 76.82 }, "activity_lines": [ 1613.666667, 1630.618182, 1638.257967, 1677.020783 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 1628.5, "trend_reference": 1764.524597, "distance_from_trend": -0.077089, "trend_direction": "Weakening", "fair_value": 2056.289925, "distance_from_fair_value": -0.20804, "fair_value_direction": "Weakening", "relative_strength": -21.044864, "relative_strength_direction": "Weakening", "price_momentum": -0.201495, "excess_performance": -0.266135, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.077089, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.080236, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.20804, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.008875, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.210449, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.003919, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.201495, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.47948, "read": "Demand-led" } ], "volume": { "latest": 3019, "relative_activity": 1.941417, "balance": 1.47948, "dry_up": 1.629208, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.060792, "annualized_volatility": 0.322858, "from_high_reference": -0.277276, "from_low_reference": 0.107823 }, "levels": { "trend_reference": 1764.524597, "fair_value_reference": 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"stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.554366, "energy": 26.387991, "activity_lines": [ 1650.566667, 1654.863636, 1652.465987, 1704.448893 ] }, { "date": "2026-07-31", "close": 1532.0, "volume": 5092, "typical_volume": 1495.6, "trend": 1783.535567, "fair_value": 2057.806976, "relative_strength": -24.184282, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.224403, "energy": 41.108131, "activity_lines": [ 1612.966667, 1633.272727, 1639.98309, 1687.023078 ] }, { "date": "2026-08-07", "close": 1628.5, "volume": 3019, "typical_volume": 1555.05, "trend": 1764.524597, "fair_value": 2056.289925, "relative_strength": -21.044864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.918466, "energy": 33.071067, "activity_lines": [ 1613.666667, 1630.618182, 1638.257967, 1677.020783 ] } ], "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." } } }