{ "ticker": { "uuid": "76658b71-14d3-4038-8ead-8b01ceec8c27", "symbol": "DHRC", "name": "Danaher Corporation", "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": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 70.632, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 37.554, "architecture_energy": 32.583, "architecture_maturity": 21.462, "architecture_confidence": 46.938, "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": 36.88, "rotation_up": 58.07, "upward_expansion": 49.92, "deceleration": 43.71, "rotation_down": 21.04, "downward_expansion": 10.59 }, "activity_lines": [ 172.309999, 170.68152, 164.428172, 164.172258 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 175.050003, "trend_reference": 167.649408, "distance_from_trend": 0.044143, "trend_direction": "Weakening", "fair_value": 197.974079, "distance_from_fair_value": -0.115793, "fair_value_direction": "Improving", "relative_strength": -18.733112, "relative_strength_direction": "Improving", "price_momentum": -0.037915, "excess_performance": -0.212162, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.044143, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.047609, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.115793, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.155156, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.187331, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.111639, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.037915, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.368901, "read": "Supply-led" } ], "volume": { "latest": 582, "relative_activity": 4.296788, "balance": 0.368901, "dry_up": 3.711702, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.055293, "annualized_volatility": 0.292434, "from_high_reference": -0.156325, "from_low_reference": 0.26879 }, "levels": { "trend_reference": 167.649408, "fair_value_reference": 197.974079, "structural_low": 137.966045, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": -0.025722, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.01818, "regime_survival": 0.2, "best_return": 0.009024, "worst_return": -0.078462, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.059231, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": 0.013776, "regime_survival": 0.0, "best_return": 0.11426, "worst_return": -0.117769, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.013424, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.033779, "regime_survival": 0.0, "best_return": 0.101081, "worst_return": -0.068582, "sufficient": false }, { "horizon": 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28.081898, "activity_lines": [ 156.042293, 153.299875, 156.627053, 163.383603 ] }, { "date": "2026-06-26", "close": 169.449997, "volume": 6, "typical_volume": 16.6, "trend": 172.034141, "fair_value": 198.903215, "relative_strength": -21.360219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.424669, "energy": 19.577996, "activity_lines": [ 160.76425, 156.259976, 157.379294, 163.160848 ] }, { "date": "2026-07-03", "close": 173.899994, "volume": 0, "typical_volume": 16.6, "trend": 171.320556, "fair_value": 198.822606, "relative_strength": -20.701333, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 16.619511, "energy": 28.130406, "activity_lines": [ 165.572243, 159.96735, 158.614862, 163.281226 ] }, { "date": "2026-07-10", "close": 173.75, "volume": 536, "typical_volume": 37.45, "trend": 170.614586, "fair_value": 198.739357, "relative_strength": -19.220683, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 16.416776, "energy": 34.337287, "activity_lines": [ 169.1916, 163.224459, 159.866681, 163.437964 ] }, { "date": "2026-07-17", "close": 177.949997, "volume": 100, "typical_volume": 42.45, "trend": 170.15816, "fair_value": 198.603081, "relative_strength": -15.291726, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.127376, "energy": 55.188255, "activity_lines": [ 173.308435, 166.862121, 161.54025, 163.911217 ] }, { "date": "2026-07-24", "close": 168.649994, "volume": 851, "typical_volume": 82.45, "trend": 169.426257, "fair_value": 198.36917, "relative_strength": -20.298269, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.8858, "energy": 52.113449, "activity_lines": [ 172.90333, 168.230623, 162.314369, 163.813916 ] }, { "date": "2026-07-31", "close": 168.449997, "volume": 478, "typical_volume": 106.35, "trend": 168.519439, "fair_value": 198.152987, "relative_strength": -19.884834, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.449011, "energy": 30.129676, "activity_lines": [ 171.47333, 169.03752, 163.071491, 163.750931 ] }, { "date": "2026-08-07", "close": 175.050003, "volume": 582, "typical_volume": 135.45, "trend": 167.649408, "fair_value": 197.974079, "relative_strength": -18.733112, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.554418, "energy": 32.583116, "activity_lines": [ 172.309999, 170.68152, 164.428172, 164.172258 ] } ], "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." } } }