{ "ticker": { "uuid": "a92be797-9126-4fd9-953f-a3b0c9ad402b", "symbol": "HEPS", "name": "D-MARKET Electronic Services & Trading ADR", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 68.983, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 30.369, "architecture_energy": 13.661, "architecture_maturity": 28.711, "architecture_confidence": 71.999, "architecture_tenure": "Developing", "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": 43.12, "rotation_up": 34.16, "upward_expansion": 62.06, "deceleration": 82.85, "rotation_down": 24.14, "downward_expansion": 14.4 }, "activity_lines": [ 2.853667, 2.865636, 2.825429, 2.799806 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 2.77, "trend_reference": 2.773833, "distance_from_trend": -0.001382, "trend_direction": "Improving", "fair_value": 2.449519, "distance_from_fair_value": 0.130834, "fair_value_direction": "Weakening", "relative_strength": -11.030275, "relative_strength_direction": "Improving", "price_momentum": 0.033582, "excess_performance": -0.153872, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.001382, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.041685, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.130834, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.076972, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.110303, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.023513, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.033582, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.482617, "read": "Demand-led" } ], "volume": { "latest": 744313, "relative_activity": 0.591276, "balance": 1.482617, "dry_up": 0.43404, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.082835, "annualized_volatility": 0.327661, "from_high_reference": -0.168168, "from_low_reference": 0.288372 }, "levels": { "trend_reference": 2.773833, "fair_value_reference": 2.449519, "structural_low": 2.44, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": -0.047337, "positive_rate": 0.307692, "directional_follow_through": 0.307692, "median_excess_return": -0.063922, "regime_survival": 0.692308, "best_return": 0.32381, "worst_return": -0.188406, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.028125, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.045103, "regime_survival": 0.2, "best_return": 0.5, "worst_return": -0.271739, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.137931, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.011988, "regime_survival": 0.333333, "best_return": 0.52381, "worst_return": -0.16875, "sufficient": false }, { 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"fair_value": 2.416795, "relative_strength": -5.959775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.401152, "energy": 57.6696, "activity_lines": [ 2.914, 2.843636, 2.797857, 2.776602 ] }, { "date": "2026-07-17", "close": 2.87, "volume": 523332, "typical_volume": 1352596.15, "trend": 2.749667, "fair_value": 2.424872, "relative_strength": -4.962688, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.537673, "energy": 52.236473, "activity_lines": [ 2.91, 2.856545, 2.807286, 2.783462 ] }, { "date": "2026-07-24", "close": 2.815, "volume": 468649, "typical_volume": 1298363.2, "trend": 2.7595, "fair_value": 2.433109, "relative_strength": -5.131469, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.36782, "energy": 36.634248, "activity_lines": [ 2.883, 2.858545, 2.810429, 2.787677 ] }, { "date": "2026-07-31", "close": 2.95, "volume": 449227, "typical_volume": 1250966.15, "trend": 2.7725, "fair_value": 2.441891, "relative_strength": -0.923128, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.443473, "energy": 30.785208, "activity_lines": [ 2.9, 2.880455, 2.826643, 2.799968 ] }, { "date": "2026-08-07", "close": 2.77, "volume": 744313, "typical_volume": 1258824.2, "trend": 2.773833, "fair_value": 2.449519, "relative_strength": -11.030275, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.368906, "energy": 13.660884, "activity_lines": [ 2.853667, 2.865636, 2.825429, 2.799806 ] } ], "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." } } }