{ "ticker": { "uuid": "9eb8ed29-db30-42d3-92ee-b69c9597136d", "symbol": "BMED", "name": "Banca Mediolanum S.p.A.", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.775, "architecture_energy": 83.528, "architecture_maturity": 45.533, "architecture_confidence": 79.689, "architecture_tenure": "Established", "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": 1.21, "rotation_up": 79.53, "upward_expansion": 93.78, "deceleration": 45.35, "rotation_down": 17.58, "downward_expansion": 15.78 }, "activity_lines": [ 23.200667, 22.658455, 21.42731, 20.422874 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 24.15, "trend_reference": 19.410613, "distance_from_trend": 0.244165, "trend_direction": "Improving", "fair_value": 12.591681, "distance_from_fair_value": 0.917933, "fair_value_direction": "Improving", "relative_strength": 8.03134, "relative_strength_direction": "Improving", "price_momentum": 0.269709, "excess_performance": 0.095462, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.244165, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.074226, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.917933, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.210112, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.080313, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.077965, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.269709, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.964046, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 1.964046, "dry_up": 0.133345, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.034018, "annualized_volatility": 0.296252, "from_high_reference": -0.015491, "from_low_reference": 0.604917 }, "levels": { "trend_reference": 19.410613, "fair_value_reference": 12.591681, "structural_low": 15.511825, "invalidation": "A 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"Established expansion", "gate": "up", "direction": 75.017286, "energy": 90.720046, "activity_lines": [ 22.074, 21.271545, 20.041921, 19.390769 ] }, { "date": "2026-07-17", "close": 22.23, "volume": 934, "typical_volume": 2290.15, "trend": 18.969704, "fair_value": 12.275922, "relative_strength": 4.638797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.109975, "energy": 88.42512, "activity_lines": [ 22.213333, 21.556, 20.350321, 19.608949 ] }, { "date": "2026-07-24", "close": 22.620001, "volume": 0, "typical_volume": 2212.6, "trend": 19.103231, "fair_value": 12.376049, "relative_strength": 4.717471, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.148249, "energy": 88.750544, "activity_lines": [ 22.372, 21.859727, 20.674458, 19.844452 ] }, { "date": "2026-07-31", "close": 23.16, "volume": 0, "typical_volume": 1852.4, "trend": 19.241227, "fair_value": 12.479145, "relative_strength": 6.939496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.981616, "energy": 77.723847, "activity_lines": [ 22.674, 22.200364, 21.019765, 20.106179 ] }, { "date": "2026-08-07", "close": 24.15, "volume": 0, "typical_volume": 1751.1, "trend": 19.410613, "fair_value": 12.591681, "relative_strength": 8.03134, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.775392, "energy": 83.527562, "activity_lines": [ 23.200667, 22.658455, 21.42731, 20.422874 ] } ], "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." } } }