{ "ticker": { "uuid": "899352da-9bbd-456e-ac06-ca2d46264ffb", "symbol": "REN", "name": "Renta Corporaci\u00f3n Real Estate, S.A.", "exchange": "MCE", "country": "ES", "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": "^IBEX", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "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": -85.889, "architecture_energy": 84.726, "architecture_maturity": 12.531, "architecture_confidence": 80.868, "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": 22.13, "rotation_up": 8.67, "upward_expansion": 18.49, "deceleration": 37.02, "rotation_down": 79.04, "downward_expansion": 91.83 }, "activity_lines": [ 0.733067, 0.758727, 0.782444, 0.792833 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 0.69, "trend_reference": 0.794604, "distance_from_trend": -0.131643, "trend_direction": "Improving", "fair_value": 0.78175, "distance_from_fair_value": -0.117365, "fair_value_direction": "Weakening", "relative_strength": -22.15198, "relative_strength_direction": "Weakening", "price_momentum": -0.108231, "excess_performance": -0.232662, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.131643, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.037064, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.117365, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.079583, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.22152, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.16876, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.108231, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.122008, "read": "Supply-led" } ], "volume": { "latest": 363834, "relative_activity": 2.346687, "balance": 0.122008, "dry_up": 2.070421, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.055072, "annualized_volatility": 0.266497, "from_high_reference": -0.258065, "from_low_reference": 0.057719 }, "levels": { "trend_reference": 0.794604, "fair_value_reference": 0.78175, "structural_low": 0.672, "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": 33, "median_return": -0.021978, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.02601, "regime_survival": 0.848485, "best_return": 0.266667, "worst_return": -0.132258, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.027624, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.048621, "regime_survival": 0.545455, "best_return": 0.168776, "worst_return": -0.259375, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.037217, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.11104, "regime_survival": 0.166667, "best_return": 0.118784, "worst_return": -0.261905, "sufficient": true }, { 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"stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.943366, "energy": 18.561537, "activity_lines": [ 0.7876, 0.789782, 0.80375, 0.804885 ] }, { "date": "2026-07-31", "close": 0.712, "volume": 808176, "typical_volume": 140134.05, "trend": 0.794903, "fair_value": 0.78469, "relative_strength": -18.639885, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -51.736913, "energy": 55.688982, "activity_lines": [ 0.761067, 0.775418, 0.794008, 0.799601 ] }, { "date": "2026-08-07", "close": 0.69, "volume": 363834, "typical_volume": 155041.55, "trend": 0.794604, "fair_value": 0.78175, "relative_strength": -22.15198, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.889157, "energy": 84.725569, "activity_lines": [ 0.733067, 0.758727, 0.782444, 0.792833 ] } ], "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." } } }