{
  "ticker": {
    "uuid": "a73d810f-bc24-43a5-a189-bc5a09c69eb0",
    "symbol": "DWNI",
    "name": "Deutsche Wohnen SE",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -62.987,
    "architecture_energy": 53.75,
    "architecture_maturity": 45.672,
    "architecture_confidence": 92.903,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 16.21,
        "rotation_up": 20.17,
        "upward_expansion": 9.33,
        "deceleration": 45.04,
        "rotation_down": 60.51,
        "downward_expansion": 85.0
      },
      "activity_lines": [
        18.369333,
        18.513091,
        18.79968,
        19.220453
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 18.32,
    "trend_reference": 19.867323,
    "distance_from_trend": -0.077883,
    "trend_direction": "Weakening",
    "fair_value": 21.159328,
    "distance_from_fair_value": -0.134188,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.163987,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.142178,
    "excess_performance": -0.316425,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.077883,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.038992,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.134188,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.063241,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.28164,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.051071,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.142178,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.0,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 0.0,
      "dry_up": 0.0,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.037695,
      "annualized_volatility": 0.274859,
      "from_high_reference": -0.230298,
      "from_low_reference": 0.017778
    },
    "levels": {
      "trend_reference": 19.867323,
      "fair_value_reference": 21.159328,
      "structural_low": 18.0,
      "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": 29,
        "median_return": -0.011196,
        "positive_rate": 0.448276,
        "directional_follow_through": 0.551724,
        "median_excess_return": -0.040668,
        "regime_survival": 0.827586,
        "best_return": 0.143116,
        "worst_return": -0.18035,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.050156,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.002641,
        "regime_survival": 0.6,
        "best_return": 0.29204,
        "worst_return": -0.281908,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.031851,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.089388,
        "regime_survival": 0.333333,
        "best_return": 0.275615,
        "worst_return": -0.371332,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "median_excess_return": -0.280524,
        "regime_survival": 0.75,
        "best_return": 0.287542,
        "worst_return": -0.477451,
        "sufficient": false
      }
    ],
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        "color": "green",
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        "end": "2024-12-27",
        "tenure": "New",
        "return": -0.002141,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-03",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": 0.030435,
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        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-05-08",
        "close": 19.839512,
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        "typical_volume": 121.2,
        "trend": 20.98717,
        "fair_value": 21.354549,
        "relative_strength": -23.056925,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "date": "2026-05-15",
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        "regime": "downward_expansion",
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        "direction": -61.872887,
        "energy": 38.756851,
        "activity_lines": [
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      },
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        "date": "2026-05-22",
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        "typical_volume": 96.2,
        "trend": 20.754597,
        "fair_value": 21.349808,
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        "modifier": "Early contraction",
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        "energy": 57.594545,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 0,
        "typical_volume": 96.2,
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        "relative_strength": -26.48634,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 53.541722,
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      },
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        "date": "2026-06-05",
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        "relative_strength": -28.078355,
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        "energy": 72.281809,
        "activity_lines": [
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      },
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        "date": "2026-06-12",
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        "trend": 20.479629,
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        "energy": 80.488741,
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        "date": "2026-06-19",
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        "energy": 83.909469,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 83.95,
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        "relative_strength": -28.042804,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.511642,
        "energy": 77.71441,
        "activity_lines": [
          18.501333,
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      },
      {
        "date": "2026-07-03",
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        "volume": 0,
        "typical_volume": 83.95,
        "trend": 20.215348,
        "fair_value": 21.270082,
        "relative_strength": -26.421135,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.531668,
        "energy": 48.480663,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 18.68,
        "volume": 1050,
        "typical_volume": 136.45,
        "trend": 20.161062,
        "fair_value": 21.253982,
        "relative_strength": -27.912581,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.88707,
        "energy": 37.816111,
        "activity_lines": [
          18.829333,
          18.805818,
          19.177638,
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      },
      {
        "date": "2026-07-17",
        "close": 18.459999,
        "volume": 0,
        "typical_volume": 136.45,
        "trend": 20.099444,
        "fair_value": 21.228825,
        "relative_strength": -26.663755,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.331743,
        "energy": 34.931403,
        "activity_lines": [
          18.762666,
          18.719277,
          19.064475,
          19.551817
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.219999,
        "volume": 0,
        "typical_volume": 128.05,
        "trend": 20.029825,
        "fair_value": 21.205061,
        "relative_strength": -27.906115,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.102233,
        "energy": 43.805047,
        "activity_lines": [
          18.590666,
          18.614181,
          18.95389,
          19.430562
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.42,
        "volume": 0,
        "typical_volume": 128.05,
        "trend": 19.966873,
        "fair_value": 21.18054,
        "relative_strength": -26.375646,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.554495,
        "energy": 46.719818,
        "activity_lines": [
          18.482666,
          18.568363,
          18.876575,
          19.326703
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.32,
        "volume": 0,
        "typical_volume": 78.75,
        "trend": 19.867323,
        "fair_value": 21.159328,
        "relative_strength": -28.163987,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.986647,
        "energy": 53.749894,
        "activity_lines": [
          18.369333,
          18.513091,
          18.79968,
          19.220453
        ]
      }
    ],
    "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."
    }
  }
}