{ "ticker": { "uuid": "a0dfdc31-545d-4381-800d-5cee2818c483", "symbol": "DBO", "name": "Deutsche B\u00f6rse AG", "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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 86.485, "architecture_energy": 84.585, "architecture_maturity": 16.667, "architecture_confidence": 62.883, "architecture_tenure": "New", "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": 21.68, "rotation_up": 85.19, "upward_expansion": 95.8, "deceleration": 39.09, "rotation_down": 8.69, "downward_expansion": 17.8 }, "activity_lines": [ 263.926668, 257.26, 253.413013, 249.512392 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 273.600006, "trend_reference": 241.409873, "distance_from_trend": 0.133342, "trend_direction": "Improving", "fair_value": 213.877294, "distance_from_fair_value": 0.279238, "fair_value_direction": "Improving", "relative_strength": -4.590265, "relative_strength_direction": "Improving", "price_momentum": 0.294772, "excess_performance": 0.120526, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.133342, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.056786, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.279238, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.118755, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.045903, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.109053, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.294772, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.0, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 5.0, "dry_up": 0.678392, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.035672, "annualized_volatility": 0.233432, "from_high_reference": -0.006175, "from_low_reference": 0.370635 }, "levels": { "trend_reference": 241.409873, "fair_value_reference": 213.877294, "structural_low": 199.812012, "invalidation": "A 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"typical_volume": 15.6, "trend": 236.404824, "fair_value": 211.920793, "relative_strength": -7.977632, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.837307, "energy": 35.920693, "activity_lines": [ 250.48666, 248.838178, 248.751916, 244.262228 ] }, { "date": "2026-07-24", "close": 257.5, "volume": 0, "typical_volume": 14.7, "trend": 237.649595, "fair_value": 212.49624, "relative_strength": -8.604621, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.36074, "energy": 54.911882, "activity_lines": [ 253.626661, 250.50727, 249.6985, 245.623207 ] }, { "date": "2026-07-31", "close": 263.600006, "volume": 0, "typical_volume": 12.45, "trend": 239.268059, "fair_value": 213.153348, "relative_strength": -5.835964, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.172531, "energy": 68.14118, "activity_lines": [ 257.939998, 253.034544, 251.138072, 247.297428 ] }, { "date": "2026-08-07", "close": 273.600006, "volume": 0, "typical_volume": 9.95, "trend": 241.409873, "fair_value": 213.877294, "relative_strength": -4.590265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.485012, "energy": 84.584986, "activity_lines": [ 263.926668, 257.26, 253.413013, 249.512392 ] } ], "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." } } }