{
  "ticker": {
    "uuid": "82b0a8e5-6a00-47c2-b205-810642acc331",
    "symbol": "GME",
    "name": "Geratherm Medical AG",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -58.871,
    "architecture_energy": 41.742,
    "architecture_maturity": 16.69,
    "architecture_confidence": 92.323,
    "architecture_tenure": "Developing",
    "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": 21.7,
        "rotation_up": 15.91,
        "upward_expansion": 5.41,
        "deceleration": 46.76,
        "rotation_down": 55.53,
        "downward_expansion": 76.41
      },
      "activity_lines": [
        2.604838,
        2.625535,
        2.67961,
        2.705208
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 2.58,
    "trend_reference": 2.740679,
    "distance_from_trend": -0.058627,
    "trend_direction": "Weakening",
    "fair_value": 3.765484,
    "distance_from_fair_value": -0.314829,
    "fair_value_direction": "Improving",
    "relative_strength": -21.748707,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.075269,
    "excess_performance": -0.139909,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.058627,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.058833,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.314829,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.027563,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.217487,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.05611,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.075269,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.284139,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3016,
      "relative_activity": 1.54141,
      "balance": 0.284139,
      "dry_up": 0.734802,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.053683,
      "annualized_volatility": 0.194391,
      "from_high_reference": -0.672589,
      "from_low_reference": 0.032
    },
    "levels": {
      "trend_reference": 2.740679,
      "fair_value_reference": 3.765484,
      "structural_low": 2.5,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 43,
        "median_return": -0.013216,
        "positive_rate": 0.372093,
        "directional_follow_through": 0.581395,
        "median_excess_return": -0.011871,
        "regime_survival": 0.860465,
        "best_return": 0.265372,
        "worst_return": -0.312849,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 16,
        "median_return": -0.084675,
        "positive_rate": 0.25,
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        "worst_return": -0.267016,
        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 9,
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        "positive_rate": 0.222222,
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        "horizon": "Full cycle",
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        "close": 2.83,
        "volume": 4359,
        "typical_volume": 4879.7,
        "trend": 3.199333,
        "fair_value": 4.12999,
        "relative_strength": -11.105394,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.421533,
        "energy": 23.296702,
        "activity_lines": [
          2.788667,
          2.775091,
          2.788333,
          2.900344
        ]
      },
      {
        "date": "2026-05-01",
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        "volume": 1715,
        "typical_volume": 4358.55,
        "trend": 3.102667,
        "fair_value": 4.102645,
        "relative_strength": -13.794414,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.734722,
        "energy": 23.563423,
        "activity_lines": [
          2.778667,
          2.773455,
          2.781762,
          2.872
        ]
      },
      {
        "date": "2026-05-08",
        "close": 2.68,
        "volume": 1668,
        "typical_volume": 3572.15,
        "trend": 3.016,
        "fair_value": 4.075379,
        "relative_strength": -16.137721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.782804,
        "energy": 33.27237,
        "activity_lines": [
          2.744667,
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          2.769476,
          2.844731
        ]
      },
      {
        "date": "2026-05-15",
        "close": 2.75,
        "volume": 263,
        "typical_volume": 3576.05,
        "trend": 2.986667,
        "fair_value": 4.049155,
        "relative_strength": -12.397589,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.85947,
        "energy": 27.49216,
        "activity_lines": [
          2.742,
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          2.765667,
          2.82757
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      },
      {
        "date": "2026-05-22",
        "close": 2.84,
        "volume": 1886,
        "typical_volume": 3453.65,
        "trend": 2.952,
        "fair_value": 4.023507,
        "relative_strength": -12.729681,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.408368,
        "energy": 18.147188,
        "activity_lines": [
          2.772667,
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          2.771095,
          2.818108
        ]
      },
      {
        "date": "2026-05-29",
        "close": 2.8,
        "volume": 10276,
        "typical_volume": 3306.55,
        "trend": 2.912,
        "fair_value": 4.000566,
        "relative_strength": -14.511105,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 11.809499,
        "activity_lines": [
          2.782,
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          2.808301
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      },
      {
        "date": "2026-06-05",
        "close": 2.8,
        "volume": 0,
        "typical_volume": 2605.0,
        "trend": 2.884,
        "fair_value": 3.977922,
        "relative_strength": -13.099549,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.728727,
        "energy": 9.361293,
        "activity_lines": [
          2.793333,
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          2.801075
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      },
      {
        "date": "2026-06-12",
        "close": 2.73,
        "volume": 0,
        "typical_volume": 2520.95,
        "trend": 2.863,
        "fair_value": 3.954532,
        "relative_strength": -14.563353,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 10.746584,
        "activity_lines": [
          2.778667,
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      },
      {
        "date": "2026-06-19",
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        "volume": 0,
        "typical_volume": 2240.3,
        "trend": 2.841667,
        "fair_value": 3.931439,
        "relative_strength": -15.391953,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -44.808661,
        "energy": 19.751633,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 2.62,
        "volume": 0,
        "typical_volume": 1940.85,
        "trend": 2.814333,
        "fair_value": 3.90527,
        "relative_strength": -17.418691,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -63.03116,
        "energy": 46.604491,
        "activity_lines": [
          2.707333,
          2.738182,
          2.752095,
          2.768258
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      },
      {
        "date": "2026-07-03",
        "close": 2.62,
        "volume": 0,
        "typical_volume": 1877.3,
        "trend": 2.797,
        "fair_value": 3.881768,
        "relative_strength": -20.640296,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.042123,
        "energy": 60.255257,
        "activity_lines": [
          2.668667,
          2.713818,
          2.739,
          2.75572
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      },
      {
        "date": "2026-07-10",
        "close": 2.668162,
        "volume": 810,
        "typical_volume": 1813.2,
        "trend": 2.780605,
        "fair_value": 3.857389,
        "relative_strength": -16.565239,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.360553,
        "energy": 55.986694,
        "activity_lines": [
          2.658054,
          2.702029,
          2.731111,
          2.747408
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      },
      {
        "date": "2026-07-17",
        "close": 2.562206,
        "volume": 1493,
        "typical_volume": 1887.8,
        "trend": 2.764012,
        "fair_value": 3.833516,
        "relative_strength": -18.776201,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.653009,
        "energy": 67.725268,
        "activity_lines": [
          2.620912,
          2.672646,
          2.713663,
          2.733318
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2.62,
        "volume": 476,
        "typical_volume": 1820.2,
        "trend": 2.755012,
        "fair_value": 3.810607,
        "relative_strength": -17.463663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.547683,
        "energy": 56.315321,
        "activity_lines": [
          2.614221,
          2.655912,
          2.702518,
          2.724027
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.63,
        "volume": 766,
        "typical_volume": 1809.15,
        "trend": 2.746679,
        "fair_value": 3.78865,
        "relative_strength": -18.473218,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.51864,
        "energy": 40.607261,
        "activity_lines": [
          2.618196,
          2.64336,
          2.692993,
          2.715962
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.58,
        "volume": 3016,
        "typical_volume": 1956.65,
        "trend": 2.740679,
        "fair_value": 3.765484,
        "relative_strength": -21.748707,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.871019,
        "energy": 41.742201,
        "activity_lines": [
          2.604838,
          2.625535,
          2.67961,
          2.705208
        ]
      }
    ],
    "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."
    }
  }
}