{ "ticker": { "uuid": "9ce5791e-f613-411f-bab3-630ccb4e43cb", "symbol": "ECMPM", "name": "Eurocommercial Properties N.V.", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 42.868, "architecture_energy": 22.733, "architecture_maturity": 29.249, "architecture_confidence": 78.481, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 48.18, "rotation_up": 31.14, "upward_expansion": 64.25, "deceleration": 94.04, "rotation_down": 27.44, "downward_expansion": 9.25 }, "activity_lines": [ 27.43, 27.414546, 27.324324, 27.119504 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 27.35, "trend_reference": 26.769871, "distance_from_trend": 0.021671, "trend_direction": "Improving", "fair_value": 22.574632, "distance_from_fair_value": 0.211537, "fair_value_direction": "Improving", "relative_strength": -10.91515, "relative_strength_direction": "Improving", "price_momentum": 0.064202, "excess_performance": -0.106689, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.021671, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026693, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.211537, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.011719, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.109151, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.002156, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.064202, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.434711, "read": "Demand-led" } ], "volume": { "latest": 400, "relative_activity": 0.404388, "balance": 3.434711, "dry_up": 0.799929, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.025632, "annualized_volatility": 0.206731, "from_high_reference": -0.037872, "from_low_reference": 0.125652 }, "levels": { "trend_reference": 26.769871, "fair_value_reference": 22.574632, "structural_low": 24.297034, "invalidation": "A 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"2026-07-31", "close": 28.0, "volume": 1540, "typical_volume": 993.35, "trend": 26.723204, "fair_value": 22.51957, "relative_strength": -6.604262, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.217663, "energy": 25.893082, "activity_lines": [ 27.43, 27.446847, 27.294306, 27.079065 ] }, { "date": "2026-08-07", "close": 27.35, "volume": 400, "typical_volume": 989.15, "trend": 26.769871, "fair_value": 22.574632, "relative_strength": -10.91515, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.868069, "energy": 22.73273, "activity_lines": [ 27.43, 27.414546, 27.324324, 27.119504 ] } ], "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." } } }