{ "ticker": { "uuid": "787baf85-61b0-4690-8572-35ec108dab8a", "symbol": "LIN", "name": "Linde plc", "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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 9.235, "architecture_energy": 21.039, "architecture_maturity": 57.189, "architecture_confidence": 73.381, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 48.82, "rotation_up": 19.72, "upward_expansion": 52.2, "deceleration": 88.32, "rotation_down": 43.36, "downward_expansion": 27.2 }, "activity_lines": [ 434.333335, 444.407272, 442.084269, 437.038721 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 425.600006, "trend_reference": 426.609824, "distance_from_trend": -0.002367, "trend_direction": "Improving", "fair_value": 397.300954, "distance_from_fair_value": 0.071228, "fair_value_direction": "Weakening", "relative_strength": -14.412258, "relative_strength_direction": "Weakening", "price_momentum": 0.11669, "excess_performance": -0.057557, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.002367, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.075026, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.071228, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.013409, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.144123, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.043161, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.11669, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.654545, "read": "Demand-led" } ], "volume": { "latest": 83, "relative_activity": 8.972973, "balance": 1.654545, "dry_up": 3.108108, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.042543, "annualized_volatility": 0.22927, "from_high_reference": -0.109623, "from_low_reference": 0.28302 }, "levels": { "trend_reference": 426.609824, "fair_value_reference": 397.300954, "structural_low": 374.551744, "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": 16, "median_return": 0.021731, "positive_rate": 0.8125, "directional_follow_through": 0.8125, "median_excess_return": 0.0073, "regime_survival": 0.5, "best_return": 0.115579, "worst_return": -0.068425, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.068264, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.041699, "regime_survival": 0.333333, "best_return": 0.153059, "worst_return": 0.014678, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.118063, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.079328, "regime_survival": 0.0, "best_return": 0.226196, "worst_return": -0.07657, "sufficient": true }, { "horizon": 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"rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.04115, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.027027, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.023171, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-04-04", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-08-15", "tenure": "Established", "return": 0.076066, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-10-17", "tenure": "Developing", "return": -0.065044, 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"typical_volume": 9.25, "trend": 426.609824, "fair_value": 397.300954, "relative_strength": -14.412258, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.235435, "energy": 21.03851, "activity_lines": [ 434.333335, 444.407272, 442.084269, 437.038721 ] } ], "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." } } }