{ "ticker": { "uuid": "9ec20c70-772b-4a05-b9e6-92cb29c508fc", "symbol": "PHM", "name": "Pharma Mar, S.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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 59.403, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "down", "architecture_direction": -42.458, "architecture_energy": 30.173, "architecture_maturity": 26.629, "architecture_confidence": 60.82, "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": 45.08, "rotation_up": 24.44, "upward_expansion": 16.12, "deceleration": 65.65, "rotation_down": 33.17, "downward_expansion": 61.45 }, "activity_lines": [ 78.639998, 77.455789, 82.76642, 84.110491 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 78.699997, "trend_reference": 84.333267, "distance_from_trend": -0.066798, "trend_direction": "Improving", "fair_value": 63.591565, "distance_from_fair_value": 0.237585, "fair_value_direction": "Weakening", "relative_strength": -22.601492, "relative_strength_direction": "Weakening", "price_momentum": 0.041694, "excess_performance": -0.132553, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.066798, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.006884, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.237585, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.436246, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.226015, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.245096, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.041694, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.336207, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 2.336207, "dry_up": 0.029215, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.082058, "annualized_volatility": 0.594355, "from_high_reference": -0.249046, "from_low_reference": 0.197882 }, "levels": { "trend_reference": 84.333267, "fair_value_reference": 63.591565, "structural_low": 65.69928, "invalidation": "A 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"color": "blue", "start": "2025-10-24", "end": "2025-11-07", "tenure": "New", "return": -0.044008, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-14", "end": "2025-11-21", "tenure": "New", "return": 0.025589, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": -0.002632, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.01996, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-01-16", "tenure": "New", "return": 0.060586, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-03-27", "tenure": "Developing", "return": 0.080171, "active": false }, { 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62.40673, "relative_strength": -22.071525, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.23783, "energy": 64.732161, "activity_lines": [ 75.5847, 80.625645, 86.114716, 85.657356 ] }, { "date": "2026-07-17", "close": 75.650002, "volume": 0, "typical_volume": 174.2, "trend": 84.183267, "fair_value": 62.690265, "relative_strength": -23.781773, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.853266, "energy": 42.549399, "activity_lines": [ 76.456889, 78.781136, 85.013059, 85.107898 ] }, { "date": "2026-07-24", "close": 79.199997, "volume": 14, "typical_volume": 126.3, "trend": 84.268267, "fair_value": 62.998678, "relative_strength": -20.763156, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.063713, "energy": 27.83481, "activity_lines": [ 77.849029, 78.01299, 84.272592, 84.786397 ] }, { "date": "2026-07-31", "close": 79.449997, "volume": 0, "typical_volume": 119.8, "trend": 84.358267, "fair_value": 63.300333, "relative_strength": -20.000517, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.959261, "energy": 20.966964, "activity_lines": [ 78.60558, 77.608481, 83.554506, 84.475541 ] }, { "date": "2026-08-07", "close": 78.699997, "volume": 0, "typical_volume": 119.8, "trend": 84.333267, "fair_value": 63.591565, "relative_strength": -22.601492, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.458173, "energy": 30.172759, "activity_lines": [ 78.639998, 77.455789, 82.76642, 84.110491 ] } ], "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." } } }