{ "ticker": { "uuid": "9533852b-a7c9-46dc-a808-4d9b2c48862f", "symbol": "VEEV", "name": "Veeva Systems Inc.", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 67.479, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 65.19, "architecture_energy": 81.627, "architecture_maturity": 26.0, "architecture_confidence": 61.027, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 14.27, "rotation_up": 80.33, "upward_expansion": 67.76, "deceleration": 20.91, "rotation_down": 16.3, "downward_expansion": 26.09 }, "activity_lines": [ 179.606665, 169.589999, 157.760952, 155.040645 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 199.350006, "trend_reference": 155.515001, "distance_from_trend": 0.28187, "trend_direction": "Weakening", "fair_value": 194.9, "distance_from_fair_value": 0.022832, "fair_value_direction": "Improving", "relative_strength": -14.740917, "relative_strength_direction": "Improving", "price_momentum": 0.292802, "excess_performance": 0.118555, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.28187, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.093524, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.022832, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.309163, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.147409, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.289277, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.292802, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.585859, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 2.585859, "dry_up": 0.0, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.065173, "annualized_volatility": 0.502106, "from_high_reference": -0.245743, "from_low_reference": 0.554992 }, "levels": { "trend_reference": 155.515001, "fair_value_reference": 194.9, "structural_low": 128.199997, "invalidation": "A renewed 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"down", "direction": -53.660418, "energy": 30.140891, "activity_lines": [ 140.346668, 139.943638, 142.465954, 149.625378 ] }, { "date": "2026-06-26", "close": 148.25, "volume": 0, "typical_volume": 31.45, "trend": 159.908334, "fair_value": 195.120193, "relative_strength": -39.430465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.0982, "energy": 22.476124, "activity_lines": [ 142.536668, 141.550911, 142.681668, 148.742152 ] }, { "date": "2026-07-03", "close": 168.050003, "volume": 0, "typical_volume": 28.8, "trend": 158.530001, "fair_value": 195.059616, "relative_strength": -32.017201, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.490348, "energy": 11.448151, "activity_lines": [ 150.623335, 146.647274, 144.81143, 149.267421 ] }, { "date": "2026-07-10", "close": 166.5, "volume": 39, "typical_volume": 27.3, "trend": 157.716668, "fair_value": 194.934616, "relative_strength": -30.875676, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.815972, "energy": 27.845754, "activity_lines": [ 156.963334, 150.860911, 146.694525, 149.781614 ] }, { "date": "2026-07-17", "close": 170.649994, "volume": 0, "typical_volume": 27.3, "trend": 157.070001, "fair_value": 194.884616, "relative_strength": -26.803067, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.042315, "energy": 62.963431, "activity_lines": [ 163.589998, 155.21, 148.920953, 150.616022 ] }, { "date": "2026-07-24", "close": 163.649994, "volume": 0, "typical_volume": 21.8, "trend": 156.215001, "fair_value": 194.770834, "relative_strength": -29.733484, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.295115, "energy": 61.732317, "activity_lines": [ 165.646663, 157.734544, 150.400714, 151.040538 ] }, { "date": "2026-07-31", "close": 174.649994, "volume": 0, "typical_volume": 19.45, "trend": 155.783334, "fair_value": 194.753205, "relative_strength": -23.915181, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.908317, "energy": 69.021451, "activity_lines": [ 169.389995, 161.752725, 152.946666, 152.229892 ] }, { "date": "2026-08-07", "close": 199.350006, "volume": 0, "typical_volume": 19.45, "trend": 155.515001, "fair_value": 194.9, "relative_strength": -14.740917, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 65.190173, "energy": 81.627289, "activity_lines": [ 179.606665, 169.589999, 157.760952, 155.040645 ] } ], "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." } } }