{ "ticker": { "uuid": "a763de61-4593-4fdd-ac6f-e6453f12ac78", "symbol": "ALM", "name": "Almirall, S.A.", "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": -67.465, "architecture_energy": 47.873, "architecture_maturity": 39.161, "architecture_confidence": 90.812, "architecture_tenure": "Developing", "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": 20.39, "rotation_up": 21.11, "upward_expansion": 6.06, "deceleration": 54.5, "rotation_down": 54.41, "downward_expansion": 77.06 }, "activity_lines": [ 11.092, 11.159273, 11.375656, 11.572581 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 10.92, "trend_reference": 11.881399, "distance_from_trend": -0.080916, "trend_direction": "Weakening", "fair_value": 9.850031, "distance_from_fair_value": 0.108626, "fair_value_direction": "Weakening", "relative_strength": -25.462962, "relative_strength_direction": "Weakening", "price_momentum": -0.139545, "excess_performance": -0.313792, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.080916, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.034983, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.108626, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.136465, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.25463, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.116063, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.139545, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": null, "read": "Supply-led" } ], "volume": { "latest": 0, "relative_activity": null, "balance": null, "dry_up": null, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.039603, "annualized_volatility": 0.265426, "from_high_reference": -0.197986, "from_low_reference": 0.073488 }, "levels": { "trend_reference": 11.881399, "fair_value_reference": 9.850031, "structural_low": 10.58, "invalidation": 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"down", "direction": -83.447095, "energy": 71.252162, "activity_lines": [ 11.108, 11.218182, 11.507826, 11.730979 ] }, { "date": "2026-07-24", "close": 11.38, "volume": 0, "typical_volume": 0.0, "trend": 11.998634, "fair_value": 9.815736, "relative_strength": -20.670489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.951651, "energy": 44.388691, "activity_lines": [ 11.176, 11.233455, 11.481443, 11.687951 ] }, { "date": "2026-07-31", "close": 11.24, "volume": 0, "typical_volume": 0.0, "trend": 11.949613, "fair_value": 9.835078, "relative_strength": -21.314237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.377472, "energy": 41.083683, "activity_lines": [ 11.185333, 11.222182, 11.443846, 11.639007 ] }, { "date": "2026-08-07", "close": 10.92, "volume": 0, "typical_volume": 0.0, "trend": 11.881399, "fair_value": 9.850031, "relative_strength": -25.462962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.465479, "energy": 47.872591, "activity_lines": [ 11.092, 11.159273, 11.375656, 11.572581 ] } ], "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." } } }