{ "ticker": { "uuid": "a4f53afc-40ed-4e93-ba34-b3405df473fb", "symbol": "ARBS", "name": "ARTERRA BIOSCIENCE", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 55.626, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 66.249, "architecture_energy": 42.636, "architecture_maturity": 23.306, "architecture_confidence": 61.756, "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": 30.16, "rotation_up": 53.03, "upward_expansion": 76.36, "deceleration": 66.15, "rotation_down": 19.28, "downward_expansion": 5.36 }, "activity_lines": [ 3.114667, 3.078364, 2.999755, 2.949798 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 3.19, "trend_reference": 2.92264, "distance_from_trend": 0.091479, "trend_direction": "Improving", "fair_value": 2.138423, "distance_from_fair_value": 0.491754, "fair_value_direction": "Improving", "relative_strength": -4.127938, "relative_strength_direction": "Weakening", "price_momentum": 0.034972, "excess_performance": -0.135919, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091479, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.015917, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.491754, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004158, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.041279, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.039839, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.034972, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.968421, "read": "Demand-led" } ], "volume": { "latest": 20250, "relative_activity": 0.452261, "balance": 1.968421, "dry_up": 0.774707, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.052568, "annualized_volatility": 0.331289, "from_high_reference": -0.091168, "from_low_reference": 0.363134 }, "levels": { "trend_reference": 2.92264, "fair_value_reference": 2.138423, "structural_low": 2.473377, "invalidation": "A 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2.912954 ] }, { "date": "2026-07-24", "close": 3.04, "volume": 19500, "typical_volume": 44962.5, "trend": 2.90994, "fair_value": 2.120465, "relative_strength": -5.295825, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.362595, "energy": 70.876429, "activity_lines": [ 3.099333, 3.019818, 2.957048, 2.921745 ] }, { "date": "2026-07-31", "close": 3.07, "volume": 17250, "typical_volume": 44550.0, "trend": 2.915241, "fair_value": 2.12936, "relative_strength": -4.964537, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.625609, "energy": 58.574926, "activity_lines": [ 3.094, 3.04, 2.973881, 2.932071 ] }, { "date": "2026-08-07", "close": 3.19, "volume": 20250, "typical_volume": 44775.0, "trend": 2.92264, "fair_value": 2.138423, "relative_strength": -4.127938, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.248599, "energy": 42.635857, "activity_lines": [ 3.114667, 3.078364, 2.999755, 2.949798 ] } ], "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." } } }