{ "ticker": { "uuid": "9ff4658d-b8f7-4130-a6a3-86e65dec02d6", "symbol": "BSY", "name": "Bentley Systems\u00a0Inc", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 65.285, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 1.313, "architecture_energy": 14.208, "architecture_maturity": 15.251, "architecture_confidence": 66.881, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 60.79, "rotation_up": 38.38, "upward_expansion": 32.58, "deceleration": 43.59, "rotation_down": 17.72, "downward_expansion": 43.24 }, "activity_lines": [ 33.890667, 32.770364, 32.519504, 33.090829 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 35.21, "trend_reference": 33.976732, "distance_from_trend": 0.036297, "trend_direction": "Weakening", "fair_value": 45.757027, "distance_from_fair_value": -0.230501, "fair_value_direction": "Improving", "relative_strength": -23.290873, "relative_strength_direction": "Improving", "price_momentum": 0.065597, "excess_performance": -0.121856, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.036297, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.08165, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.230501, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.077744, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.232909, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.164287, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.065597, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.922905, "read": "Supply-led" } ], "volume": { "latest": 15574612, "relative_activity": 1.142669, "balance": 0.922905, "dry_up": 1.041682, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.088165, "annualized_volatility": 0.39884, "from_high_reference": -0.381587, "from_low_reference": 0.25406 }, "levels": { "trend_reference": 33.976732, "fair_value_reference": 45.757027, "structural_low": 28.0768, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.021821, "positive_rate": 0.3125, "directional_follow_through": 0.3125, "median_excess_return": -0.033535, "regime_survival": 0.5, "best_return": 0.168596, "worst_return": -0.21526, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.012353, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.027349, "regime_survival": 0.142857, "best_return": 0.063123, "worst_return": -0.121711, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.018406, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.094234, "regime_survival": 0.0, "best_return": 0.197541, "worst_return": -0.180653, "sufficient": false }, { 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"relative_strength": -29.974375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.779833, "energy": 23.40593, "activity_lines": [ 31.636, 31.52303, 32.244371, 33.140894 ] }, { "date": "2026-07-24", "close": 31.4, "volume": 11188393, "typical_volume": 13270327.4, "trend": 34.221036, "fair_value": 45.924606, "relative_strength": -29.742555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.493758, "energy": 18.328794, "activity_lines": [ 31.726, 31.469959, 32.056486, 32.94287 ] }, { "date": "2026-07-31", "close": 35.44, "volume": 17134573, "typical_volume": 13523202.7, "trend": 34.13559, "fair_value": 45.826078, "relative_strength": -19.927286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.037097, "energy": 10.890631, "activity_lines": [ 33.028, 32.162417, 32.292586, 33.021513 ] }, { "date": "2026-08-07", "close": 35.21, "volume": 15574612, "typical_volume": 13630027.05, "trend": 33.976732, "fair_value": 45.757027, "relative_strength": -23.290873, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.313434, "energy": 14.20754, "activity_lines": [ 33.890667, 32.770364, 32.519504, 33.090829 ] } ], "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." } } }