{ "ticker": { "uuid": "71868c2f-1f2d-4125-9300-d7e7d038a2be", "symbol": "MLHK", "name": "H&K AG", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 68.574, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -16.757, "architecture_energy": 21.396, "architecture_maturity": 100.0, "architecture_confidence": 65.662, "architecture_tenure": "Extended", "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": 41.89, "rotation_up": 44.71, "upward_expansion": 29.01, "deceleration": 38.32, "rotation_down": 21.73, "downward_expansion": 51.68 }, "activity_lines": [ 33.533333, 32.036035, 32.616903, 33.252725 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 34.099998, "trend_reference": 34.332559, "distance_from_trend": -0.006774, "trend_direction": "Weakening", "fair_value": 88.586073, "distance_from_fair_value": -0.615064, "fair_value_direction": "Improving", "relative_strength": -22.037136, "relative_strength_direction": "Improving", "price_momentum": 0.014881, "excess_performance": -0.03843, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.006774, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.116961, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.615064, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.015128, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.220371, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.207854, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.014881, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.685215, "read": "Demand-led" } ], "volume": { "latest": 1405, "relative_activity": 0.354114, "balance": 1.685215, "dry_up": 1.067761, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.095433, "annualized_volatility": 0.727496, "from_high_reference": -0.545333, "from_low_reference": 0.394836 }, "levels": { "trend_reference": 34.332559, "fair_value_reference": 88.586073, 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"gate": "down", "direction": -64.103903, "energy": 70.817767, "activity_lines": [ 29.233677, 30.812528, 32.605984, 33.687794 ] }, { "date": "2026-07-17", "close": 35.0, "volume": 3858, "typical_volume": 3812.8, "trend": 35.429226, "fair_value": 90.044723, "relative_strength": -21.754696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.547235, "energy": 42.517285, "activity_lines": [ 30.963756, 31.358404, 32.730381, 33.636877 ] }, { "date": "2026-07-24", "close": 30.0, "volume": 6740, "typical_volume": 3944.45, "trend": 34.962559, "fair_value": 89.513448, "relative_strength": -31.558824, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.150827, "energy": 36.760365, "activity_lines": [ 30.889104, 30.99519, 32.389063, 33.286604 ] }, { "date": "2026-07-31", "close": 35.0, "volume": 4943, "typical_volume": 4052.4, "trend": 34.662559, "fair_value": 89.052646, "relative_strength": -19.822682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.634538, "energy": 18.942072, "activity_lines": [ 32.663082, 31.624704, 32.546792, 33.28902 ] }, { "date": "2026-08-07", "close": 34.099998, "volume": 1405, "typical_volume": 3967.65, "trend": 34.332559, "fair_value": 88.586073, "relative_strength": -22.037136, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.75654, "energy": 21.395975, "activity_lines": [ 33.533333, 32.036035, 32.616903, 33.252725 ] } ], "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." } } }