{ "ticker": { "uuid": "6bfce452-77c6-4aac-a3f6-64522f409e48", "symbol": "ISHA", "name": "INTERSHOP Communications Aktiengesellschaft", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 58.665, "architecture_energy": 45.325, "architecture_maturity": 68.71, "architecture_confidence": 62.312, "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": 15.67, "rotation_up": 48.39, "upward_expansion": 73.39, "deceleration": 71.39, "rotation_down": 24.34, "downward_expansion": 11.39 }, "activity_lines": [ 1.731333, 1.719182, 1.520024, 1.408849 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 1.6, "trend_reference": 1.312167, "distance_from_trend": 0.219357, "trend_direction": "Improving", "fair_value": 1.55174, "distance_from_fair_value": 0.0311, "fair_value_direction": "Improving", "relative_strength": 17.884756, "relative_strength_direction": "Improving", "price_momentum": 0.230769, "excess_performance": 0.16613, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.219357, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.159499, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.0311, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.305063, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.178848, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.28063, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.230769, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.250077, "read": "Demand-led" } ], "volume": { "latest": 28862, "relative_activity": 1.581557, "balance": 1.250077, "dry_up": 1.7254, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.159615, "annualized_volatility": 0.716435, "from_high_reference": -0.191919, "from_low_reference": 0.702128 }, "levels": { "trend_reference": 1.312167, "fair_value_reference": 1.55174, "structural_low": 0.98, "invalidation": "A sustained loss of 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1.179167, "fair_value": 1.554793, "relative_strength": 21.028139, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.304798, "energy": 79.204034, "activity_lines": [ 1.460333, 1.321545, 1.214119, 1.198806 ] }, { "date": "2026-07-03", "close": 1.78, "volume": 2492, "typical_volume": 12247.15, "trend": 1.202833, "fair_value": 1.553331, "relative_strength": 36.531918, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.812518, "energy": 91.230791, "activity_lines": [ 1.599, 1.418636, 1.272333, 1.23757 ] }, { "date": "2026-07-10", "close": 1.92, "volume": 33720, "typical_volume": 13405.4, "trend": 1.229833, "fair_value": 1.553794, "relative_strength": 50.873475, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.139023, "energy": 93.585145, "activity_lines": [ 1.738, 1.530909, 1.3415, 1.283839 ] }, { "date": "2026-07-17", "close": 1.885, "volume": 72267, "typical_volume": 16206.35, "trend": 1.256, "fair_value": 1.554486, "relative_strength": 48.384359, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.757643, "energy": 88.057997, "activity_lines": [ 1.808333, 1.621545, 1.40381, 1.326108 ] }, { "date": "2026-07-24", "close": 1.78, "volume": 17590, "typical_volume": 16976.0, "trend": 1.278667, "fair_value": 1.554112, "relative_strength": 37.892631, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.99206, "energy": 79.056578, "activity_lines": [ 1.818, 1.679818, 1.45281, 1.359914 ] }, { "date": "2026-07-31", "close": 1.735, "volume": 7229, "typical_volume": 16840.2, "trend": 1.297833, "fair_value": 1.553087, "relative_strength": 31.404072, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.339316, "energy": 58.646239, "activity_lines": [ 1.804667, 1.717727, 1.494571, 1.389355 ] }, { "date": "2026-08-07", "close": 1.6, "volume": 28862, "typical_volume": 18249.1, "trend": 1.312167, "fair_value": 1.55174, "relative_strength": 17.884756, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.665165, "energy": 45.324951, "activity_lines": [ 1.731333, 1.719182, 1.520024, 1.408849 ] } ], "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." } } }