{
  "ticker": {
    "uuid": "9f624ec8-7f0d-4567-8a31-1e86b12a36dd",
    "symbol": "M3V",
    "name": "MeVis Medical Solutions AG",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 51.9,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 14.087,
    "architecture_energy": 14.374,
    "architecture_maturity": 37.845,
    "architecture_confidence": 64.907,
    "architecture_tenure": "Developing",
    "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": 42.87,
        "rotation_up": 36.47,
        "upward_expansion": 38.2,
        "deceleration": 60.81,
        "rotation_down": 33.31,
        "downward_expansion": 22.2
      },
      "activity_lines": [
        23.786667,
        23.836364,
        23.609524,
        23.560597
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 23.6,
    "trend_reference": 23.588295,
    "distance_from_trend": 0.000496,
    "trend_direction": "Weakening",
    "fair_value": 23.718673,
    "distance_from_fair_value": -0.005003,
    "fair_value_direction": "Improving",
    "relative_strength": -8.462758,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.003603,
    "excess_performance": -0.061036,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.000496,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.003069,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.005003,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.029424,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.084628,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.042524,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.003603,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.248747,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 0.248747,
      "dry_up": 1.649144,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.018905,
      "annualized_volatility": 0.199918,
      "from_high_reference": -0.086272,
      "from_low_reference": 0.063063
    },
    "levels": {
      "trend_reference": 23.588295,
      "fair_value_reference": 23.718673,
      "structural_low": 22.200001,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.0,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.069839,
        "regime_survival": 0.333333,
        "best_return": 0.007936,
        "worst_return": -0.024793,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.011597,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.017111,
        "regime_survival": 0.0,
        "best_return": 0.053498,
        "worst_return": -0.030303,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.031706,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.166458,
        "regime_survival": 0.0,
        "best_return": 0.012346,
        "worst_return": -0.075758,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.029181,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.253297,
        "regime_survival": 0.0,
        "best_return": 0.029181,
        "worst_return": 0.029181,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-17",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": -0.037879,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-12",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": 0.007874,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-23",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": -0.056911,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-27",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": 0.068966,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-29",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": 0.040984,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-01-10",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.007936,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-05-30",
        "tenure": "Established",
        "return": 0.028871,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-06-06",
        "end": "2025-06-27",
        "tenure": "New",
        "return": -0.02381,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-07-04",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.016393,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-01",
        "end": "2025-08-08",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-15",
        "end": "2026-04-03",
        "tenure": "Extended",
        "return": -0.070289,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-10",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": 0.017391,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-19",
        "end": "2026-07-03",
        "tenure": "New",
        "return": 0.025424,
        "active": false
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      {
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        "return": -0.024793,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 27.856594,
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        "typical_volume": 193.35,
        "trend": 29.291089,
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        "gate": "down",
        "direction": -53.488876,
        "energy": 37.509729,
        "activity_lines": [
          22.96,
          23.095232,
          23.424297,
          23.588897
        ]
      },
      {
        "date": "2026-05-08",
        "close": 23.200001,
        "volume": 120,
        "typical_volume": 1068.7,
        "trend": 23.743601,
        "fair_value": 24.02719,
        "relative_strength": -4.210382,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.080467,
        "energy": 25.262793,
        "activity_lines": [
          23.08,
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          23.383097,
          23.55149
        ]
      },
      {
        "date": "2026-05-15",
        "close": 23.6,
        "volume": 200,
        "typical_volume": 1065.8,
        "trend": 23.733575,
        "fair_value": 23.99876,
        "relative_strength": -0.86357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -29.870731,
        "energy": 16.148321,
        "activity_lines": [
          23.28,
          23.124414,
          23.385165,
          23.542225
        ]
      },
      {
        "date": "2026-05-22",
        "close": 23.0,
        "volume": 251,
        "typical_volume": 1078.2,
        "trend": 23.67785,
        "fair_value": 23.969917,
        "relative_strength": -6.79413,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.410873,
        "energy": 18.824659,
        "activity_lines": [
          23.24,
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          23.330605,
          23.494898
        ]
      },
      {
        "date": "2026-05-29",
        "close": 23.200001,
        "volume": 155,
        "typical_volume": 1074.6,
        "trend": 23.660916,
        "fair_value": 23.946935,
        "relative_strength": -6.633885,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.034341,
        "energy": 14.882159,
        "activity_lines": [
          23.24,
          23.109091,
          23.298464,
          23.464069
        ]
      },
      {
        "date": "2026-06-05",
        "close": 23.200001,
        "volume": 0,
        "typical_volume": 1074.35,
        "trend": 23.631132,
        "fair_value": 23.921664,
        "relative_strength": -5.215866,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.71073,
        "energy": 13.861873,
        "activity_lines": [
          23.213334,
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          23.26966,
          23.434332
        ]
      },
      {
        "date": "2026-06-12",
        "close": 23.4,
        "volume": 42,
        "typical_volume": 919.3,
        "trend": 23.61444,
        "fair_value": 23.895385,
        "relative_strength": -3.778729,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.519554,
        "energy": 15.168307,
        "activity_lines": [
          23.266667,
          23.221819,
          23.263241,
          23.419421
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      },
      {
        "date": "2026-06-19",
        "close": 23.6,
        "volume": 0,
        "typical_volume": 809.95,
        "trend": 23.604415,
        "fair_value": 23.871534,
        "relative_strength": -4.185624,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.695326,
        "energy": 8.108857,
        "activity_lines": [
          23.373334,
          23.305455,
          23.283761,
          23.418489
        ]
      },
      {
        "date": "2026-06-26",
        "close": 23.6,
        "volume": 0,
        "typical_volume": 809.75,
        "trend": 23.594389,
        "fair_value": 23.849971,
        "relative_strength": -2.907219,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.965648,
        "energy": 13.517591,
        "activity_lines": [
          23.48,
          23.378182,
          23.302041,
          23.418204
        ]
      },
      {
        "date": "2026-07-03",
        "close": 24.200001,
        "volume": 0,
        "typical_volume": 805.65,
        "trend": 23.604364,
        "fair_value": 23.832255,
        "relative_strength": -4.625516,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 39.618311,
        "energy": 51.920982,
        "activity_lines": [
          23.746667,
          23.541819,
          23.377061,
          23.457276
        ]
      },
      {
        "date": "2026-07-10",
        "close": 24.200001,
        "volume": 35,
        "typical_volume": 737.95,
        "trend": 23.595064,
        "fair_value": 23.813394,
        "relative_strength": -1.892627,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 39.959365,
        "energy": 63.722505,
        "activity_lines": [
          23.946667,
          23.680001,
          23.450656,
          23.495704
        ]
      },
      {
        "date": "2026-07-17",
        "close": 24.200001,
        "volume": 0,
        "typical_volume": 729.85,
        "trend": 23.592188,
        "fair_value": 23.794533,
        "relative_strength": -0.941548,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 37.651904,
        "energy": 68.429299,
        "activity_lines": [
          24.080001,
          23.803637,
          23.522827,
          23.534732
        ]
      },
      {
        "date": "2026-07-24",
        "close": 24.200001,
        "volume": 4,
        "typical_volume": 715.2,
        "trend": 23.608588,
        "fair_value": 23.771093,
        "relative_strength": -1.955766,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.894995,
        "energy": 70.419818,
        "activity_lines": [
          24.160001,
          23.909092,
          23.59449,
          23.573946
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.4,
        "volume": 1345,
        "typical_volume": 238.5,
        "trend": 23.598321,
        "fair_value": 23.74367,
        "relative_strength": -6.96315,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.030586,
        "energy": 27.051425,
        "activity_lines": [
          23.933334,
          23.858182,
          23.58762,
          23.560489
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.6,
        "volume": 0,
        "typical_volume": 204.5,
        "trend": 23.588295,
        "fair_value": 23.718673,
        "relative_strength": -8.462758,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 14.087402,
        "energy": 14.373958,
        "activity_lines": [
          23.786667,
          23.836364,
          23.609524,
          23.560597
        ]
      }
    ],
    "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."
    }
  }
}