{ "ticker": { "uuid": "9aa0a0e9-69f6-4d36-ac4e-cae05b04987b", "symbol": "BVI", "name": "Bureau Veritas SA", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 65.146, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 81.303, "architecture_energy": 81.937, "architecture_maturity": 7.701, "architecture_confidence": 58.29, "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": 15.67, "rotation_up": 80.43, "upward_expansion": 93.53, "deceleration": 41.91, "rotation_down": 8.78, "downward_expansion": 17.86 }, "activity_lines": [ 27.803333, 27.307818, 26.702431, 26.584637 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 28.4, "trend_reference": 26.510682, "distance_from_trend": 0.071266, "trend_direction": "Improving", "fair_value": 25.554819, "distance_from_fair_value": 0.111336, "fair_value_direction": "Improving", "relative_strength": -12.445815, "relative_strength_direction": "Improving", "price_momentum": 0.049888, "excess_performance": -0.124358, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.071266, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007552, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.111336, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.110379, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.124458, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.075514, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.049888, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.973485, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 0.973485, "dry_up": 1.607255, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.02897, "annualized_volatility": 0.285593, "from_high_reference": -0.041512, "from_low_reference": 0.181072 }, "levels": { "trend_reference": 26.510682, "fair_value_reference": 25.554819, "structural_low": 24.045959, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": -0.023277, "positive_rate": 0.357143, "directional_follow_through": 0.357143, "median_excess_return": -0.02649, "regime_survival": 0.5, "best_return": 0.056509, "worst_return": -0.084438, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.035081, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.044825, "regime_survival": 0.142857, "best_return": 0.089372, "worst_return": -0.073249, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.021666, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.123468, "regime_survival": 0.4, "best_return": 0.116634, "worst_return": -0.055943, "sufficient": true }, 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"typical_volume": 126.85, "trend": 26.248089, "fair_value": 25.382785, "relative_strength": -17.552207, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.384786, "energy": 10.108892, "activity_lines": [ 26.322, 26.049329, 26.054279, 26.18222 ] }, { "date": "2026-07-10", "close": 27.18, "volume": 0, "typical_volume": 126.85, "trend": 26.319388, "fair_value": 25.42, "relative_strength": -16.044762, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.04561, "energy": 27.643727, "activity_lines": [ 26.691333, 26.291865, 26.142047, 26.242343 ] }, { "date": "2026-07-17", "close": 27.389999, "volume": 0, "typical_volume": 126.85, "trend": 26.36162, "fair_value": 25.456816, "relative_strength": -13.22098, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.448598, "energy": 48.677814, "activity_lines": [ 27.029333, 26.53984, 26.24699, 26.311415 ] }, { "date": "2026-07-24", "close": 27.07, "volume": 0, "typical_volume": 108.5, "trend": 26.388032, "fair_value": 25.484952, "relative_strength": -14.875876, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.345296, "energy": 59.757938, "activity_lines": [ 27.128666, 26.689559, 26.326833, 26.357117 ] }, { "date": "2026-07-31", "close": 27.969999, "volume": 1028, "typical_volume": 159.9, "trend": 26.455394, "fair_value": 25.518275, "relative_strength": -11.581342, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.276833, "energy": 76.410347, "activity_lines": [ 27.458666, 26.977091, 26.495333, 26.459179 ] }, { "date": "2026-08-07", "close": 28.4, "volume": 0, "typical_volume": 159.9, "trend": 26.510682, "fair_value": 25.554819, "relative_strength": -12.445815, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.303151, "energy": 81.936863, "activity_lines": [ 27.803333, 27.307818, 26.702431, 26.584637 ] } ], "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." } } }