{ "ticker": { "uuid": "80e3f74b-894c-44b5-b921-4694f4a6882b", "symbol": "SAN", "name": "Banco Santander, S.A.", "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": 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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 86.608, "architecture_energy": 71.037, "architecture_maturity": 38.913, "architecture_confidence": 84.888, "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": 11.34, "rotation_up": 66.73, "upward_expansion": 85.33, "deceleration": 58.42, "rotation_down": 21.3, "downward_expansion": 12.0 }, "activity_lines": [ 12.367067, 12.160909, 11.570305, 11.157193 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 12.932, "trend_reference": 10.748525, "distance_from_trend": 0.203142, "trend_direction": "Improving", "fair_value": 6.343679, "distance_from_fair_value": 1.038565, "fair_value_direction": "Improving", "relative_strength": 7.19158, "relative_strength_direction": "Improving", "price_momentum": 0.229369, "excess_performance": 0.055123, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.203142, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.080943, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.038565, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.172925, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.071916, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.050816, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.229369, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.628703, "read": "Demand-led" } ], "volume": { "latest": 1851, "relative_activity": 0.319963, "balance": 1.628703, "dry_up": 1.128988, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.040115, "annualized_volatility": 0.352719, "from_high_reference": -0.005995, "from_low_reference": 0.690848 }, "levels": { "trend_reference": 10.748525, "fair_value_reference": 6.343679, "structural_low": 8.850328, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 32, "median_return": 0.024229, "positive_rate": 0.6875, "directional_follow_through": 0.6875, "median_excess_return": 0.022477, "regime_survival": 0.71875, "best_return": 0.24185, "worst_return": -0.148126, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.07796, "positive_rate": 0.615385, "directional_follow_through": 0.615385, "median_excess_return": 0.030873, "regime_survival": 0.461538, "best_return": 0.283156, "worst_return": -0.044346, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.150918, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.110097, "regime_survival": 0.571429, "best_return": 0.512578, "worst_return": -0.127933, "sufficient": true }, { 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11.802, "volume": 4708, "typical_volume": 9073.4, "trend": 10.508211, "fair_value": 6.168477, "relative_strength": 3.186329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.408978, "energy": 86.122064, "activity_lines": [ 12.021733, 11.668255, 11.095645, 10.805252 ] }, { "date": "2026-07-24", "close": 11.948, "volume": 14496, "typical_volume": 7879.8, "trend": 10.578892, "fair_value": 6.22364, "relative_strength": 2.736221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.551789, "energy": 77.987149, "activity_lines": [ 12.0004, 11.783782, 11.22366, 10.898141 ] }, { "date": "2026-07-31", "close": 12.316, "volume": 5070, "typical_volume": 6455.2, "trend": 10.653804, "fair_value": 6.281769, "relative_strength": 5.506827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.187946, "energy": 64.108685, "activity_lines": [ 12.096933, 11.932945, 11.374574, 11.010213 ] }, { "date": "2026-08-07", "close": 12.932, "volume": 1851, "typical_volume": 5785.05, "trend": 10.748525, "fair_value": 6.343679, "relative_strength": 7.19158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.607643, "energy": 71.037052, "activity_lines": [ 12.367067, 12.160909, 11.570305, 11.157193 ] } ], "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." } } }