{
  "ticker": {
    "uuid": "8d8142b5-1450-4478-a353-d8ce4660260e",
    "symbol": "TMV",
    "name": "TeamViewer SE",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.442,
    "architecture_energy": 78.408,
    "architecture_maturity": 23.607,
    "architecture_confidence": 70.628,
    "architecture_tenure": "New",
    "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": 26.5,
        "rotation_up": 78.93,
        "upward_expansion": 92.11,
        "deceleration": 41.97,
        "rotation_down": 9.34,
        "downward_expansion": 16.44
      },
      "activity_lines": [
        6.027667,
        5.715091,
        5.539548,
        5.359342
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 6.535,
    "trend_reference": 5.248633,
    "distance_from_trend": 0.245086,
    "trend_direction": "Weakening",
    "fair_value": 10.296635,
    "distance_from_fair_value": -0.365327,
    "fair_value_direction": "Improving",
    "relative_strength": -0.64041,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.145486,
    "excess_performance": 0.080847,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.245086,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.011675,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.365327,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.137745,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.006404,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.229681,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.145486,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.073144,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2832953,
      "relative_activity": 0.768675,
      "balance": 3.073144,
      "dry_up": 1.031996,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.081973,
      "annualized_volatility": 0.523844,
      "from_high_reference": -0.367377,
      "from_low_reference": 0.599364
    },
    "levels": {
      "trend_reference": 5.248633,
      "fair_value_reference": 10.296635,
      "structural_low": 4.086,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 10,
        "median_return": -0.005233,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.009849,
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        "worst_return": -0.22973,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Full cycle",
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      {
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      },
      {
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        "stage": 1,
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        "modifier": "Upper balance after advance",
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        "energy": 11.966752,
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      },
      {
        "date": "2026-07-24",
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        "stage": 1,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 27.108862,
        "energy": 31.758069,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 5.99,
        "volume": 7365995,
        "typical_volume": 4176478.25,
        "trend": 5.230467,
        "fair_value": 10.364423,
        "relative_strength": -7.411915,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.04151,
        "energy": 58.436541,
        "activity_lines": [
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          5.411667,
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      },
      {
        "date": "2026-08-07",
        "close": 6.535,
        "volume": 2832953,
        "typical_volume": 3685503.85,
        "trend": 5.248633,
        "fair_value": 10.296635,
        "relative_strength": -0.64041,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.441562,
        "energy": 78.40827,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}