{
  "ticker": {
    "uuid": "8326476b-524e-4c8b-9673-f168ba97dac6",
    "symbol": "HAB2",
    "name": "Hamborner REIT AG",
    "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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 65.669,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.541,
    "architecture_energy": 54.28,
    "architecture_maturity": 11.341,
    "architecture_confidence": 83.408,
    "architecture_tenure": "New",
    "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": 23.05,
        "rotation_up": 11.99,
        "upward_expansion": 9.66,
        "deceleration": 41.8,
        "rotation_down": 67.91,
        "downward_expansion": 85.33
      },
      "activity_lines": [
        4.408667,
        4.438909,
        4.493941,
        4.515832
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 4.37,
    "trend_reference": 4.560481,
    "distance_from_trend": -0.041768,
    "trend_direction": "Weakening",
    "fair_value": 5.482509,
    "distance_from_fair_value": -0.20292,
    "fair_value_direction": "Weakening",
    "relative_strength": -26.368039,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.091476,
    "excess_performance": -0.265723,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.041768,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.004547,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.20292,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.029213,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.26368,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.013739,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.091476,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.0,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 900,
      "relative_activity": 20.0,
      "balance": 0.0,
      "dry_up": 5.0,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.028258,
      "annualized_volatility": 0.171288,
      "from_high_reference": -0.260575,
      "from_low_reference": 0.094618
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    "levels": {
      "trend_reference": 4.560481,
      "fair_value_reference": 5.482509,
      "structural_low": 3.99226,
      "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": 30,
        "median_return": 0.009423,
        "positive_rate": 0.5,
        "directional_follow_through": 0.466667,
        "median_excess_return": -0.019719,
        "regime_survival": 0.866667,
        "best_return": 0.083591,
        "worst_return": -0.130864,
        "sufficient": true
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        "horizon": "Intermediate",
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        "positive_rate": 0.333333,
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        "regime_survival": 0.75,
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        "worst_return": -0.134703,
        "sufficient": true
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        "sufficient": true
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        "horizon": "Full cycle",
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        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.657505,
        "fair_value": 5.587387,
        "relative_strength": -26.96061,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.519137,
        "energy": 33.900196,
        "activity_lines": [
          4.425293,
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          4.534675,
          4.562674
        ]
      },
      {
        "date": "2026-05-08",
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        "trend": 4.632172,
        "fair_value": 5.57913,
        "relative_strength": -24.994168,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.983439,
        "energy": 15.046653,
        "activity_lines": [
          4.500282,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 4.60078,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.610531,
        "fair_value": 5.571477,
        "relative_strength": -24.09046,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.24249,
        "energy": 15.992844,
        "activity_lines": [
          4.546689,
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          4.557584
        ]
      },
      {
        "date": "2026-05-22",
        "close": 4.69298,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.593297,
        "fair_value": 5.565243,
        "relative_strength": -23.365664,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 10.279844,
        "energy": 17.249184,
        "activity_lines": [
          4.605697,
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          4.562903
        ]
      },
      {
        "date": "2026-05-29",
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        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.581314,
        "fair_value": 5.558906,
        "relative_strength": -22.225812,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.70183,
        "energy": 35.717421,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 4.595,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.573314,
        "fair_value": 5.550498,
        "relative_strength": -24.504746,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 45.399146,
        "energy": 38.609426,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 4.615,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.571814,
        "fair_value": 5.541667,
        "relative_strength": -25.360207,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 44.366443,
        "energy": 37.232678,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "trend": 4.574481,
        "fair_value": 5.533654,
        "relative_strength": -30.016505,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -7.183913,
        "energy": 8.09832,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 4.465,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.566481,
        "fair_value": 5.526897,
        "relative_strength": -27.503924,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -14.573487,
        "energy": 17.020442,
        "activity_lines": [
          4.533367,
          4.580245,
          4.550543,
          4.567502
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4.5,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.564647,
        "fair_value": 5.520916,
        "relative_strength": -27.755773,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -20.879347,
        "energy": 24.558316,
        "activity_lines": [
          4.502333,
          4.565888,
          4.543165,
          4.563213
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4.425,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.566481,
        "fair_value": 5.514234,
        "relative_strength": -27.149565,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.406026,
        "energy": 47.554099,
        "activity_lines": [
          4.469,
          4.537045,
          4.530311,
          4.554203
        ]
      },
      {
        "date": "2026-07-17",
        "close": 4.465,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.566147,
        "fair_value": 5.506372,
        "relative_strength": -24.18806,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.449653,
        "energy": 54.59363,
        "activity_lines": [
          4.460333,
          4.516241,
          4.523742,
          4.547656
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.415,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.566647,
        "fair_value": 5.498467,
        "relative_strength": -25.230356,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.017765,
        "energy": 55.86504,
        "activity_lines": [
          4.445,
          4.488981,
          4.51415,
          4.537905
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4.42,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 4.565481,
        "fair_value": 5.490704,
        "relative_strength": -24.240339,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.874688,
        "energy": 51.688467,
        "activity_lines": [
          4.433667,
          4.466009,
          4.505891,
          4.528444
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.37,
        "volume": 900,
        "typical_volume": 45.0,
        "trend": 4.560481,
        "fair_value": 5.482509,
        "relative_strength": -26.368039,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.541295,
        "energy": 54.280113,
        "activity_lines": [
          4.408667,
          4.438909,
          4.493941,
          4.515832
        ]
      }
    ],
    "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."
    }
  }
}