{ "ticker": { "uuid": "69037a6d-0b2d-426a-9e9a-1fe02c74f531", "symbol": "GMAB", "name": "Genmab A/S", "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": 50.599, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 58.183, "architecture_energy": 72.752, "architecture_maturity": 15.002, "architecture_confidence": 61.034, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 21.03, "rotation_up": 77.03, "upward_expansion": 65.08, "deceleration": 21.14, "rotation_down": 16.48, "downward_expansion": 23.41 }, "activity_lines": [ 256.493331, 248.501817, 239.352857, 237.914194 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 268.799988, "trend_reference": 241.613334, "distance_from_trend": 0.112521, "trend_direction": "Weakening", "fair_value": 243.295192, "distance_from_fair_value": 0.104831, "fair_value_direction": "Improving", "relative_strength": -12.144266, "relative_strength_direction": "Improving", "price_momentum": 0.020114, "excess_performance": -0.154133, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.112521, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.041293, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.104831, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.236707, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.121443, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.083996, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.020114, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 6.984848, "read": "Demand-led" } ], "volume": { "latest": 416, "relative_activity": 7.893738, "balance": 6.984848, "dry_up": 4.558824, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.046732, "annualized_volatility": 0.275848, "from_high_reference": -0.111111, "from_low_reference": 0.489197 }, "levels": { "trend_reference": 241.613334, "fair_value_reference": 243.295192, "structural_low": 210.100006, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.037063, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.049864, "regime_survival": 0.25, "best_return": 0.040398, "worst_return": -0.172383, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.010053, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.131934, "regime_survival": 0.333333, "best_return": 0.109485, "worst_return": -0.132948, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.049113, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.011291, "regime_survival": 0.0, "best_return": 0.120639, "worst_return": -0.218865, "sufficient": 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230.342858, 234.998711 ] }, { "date": "2026-07-17", "close": 249.5, "volume": 88, "typical_volume": 9.05, "trend": 244.143334, "fair_value": 245.078525, "relative_strength": -14.99429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 28.481195, "energy": 39.520518, "activity_lines": [ 245.020001, 235.940001, 232.150001, 235.285592 ] }, { "date": "2026-07-24", "close": 252.300003, "volume": 413, "typical_volume": 29.7, "trend": 243.080001, "fair_value": 244.348397, "relative_strength": -15.089535, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.638206, "energy": 52.031027, "activity_lines": [ 249.280002, 239.709092, 234.215715, 235.811829 ] }, { "date": "2026-07-31", "close": 249.300003, "volume": 44, "typical_volume": 31.9, "trend": 242.433334, "fair_value": 243.758012, "relative_strength": -16.015145, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.107839, "energy": 57.071119, "activity_lines": [ 250.320002, 242.505456, 235.897144, 236.213119 ] }, { "date": "2026-08-07", "close": 268.799988, "volume": 416, "typical_volume": 52.7, "trend": 241.613334, "fair_value": 243.295192, "relative_strength": -12.144266, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.1834, "energy": 72.752032, "activity_lines": [ 256.493331, 248.501817, 239.352857, 237.914194 ] } ], "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." } } }