{
  "ticker": {
    "uuid": "aa4b6840-01d1-45da-b25c-7dd7f2bebc4e",
    "symbol": "DOM",
    "name": "Global Dominion Access, S.A.",
    "exchange": "MCE",
    "country": "ES",
    "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": "^IBEX",
    "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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -71.459,
    "architecture_energy": 76.858,
    "architecture_maturity": 24.632,
    "architecture_confidence": 87.718,
    "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": 0.35,
        "rotation_up": 12.68,
        "upward_expansion": 17.34,
        "deceleration": 38.67,
        "rotation_down": 76.79,
        "downward_expansion": 95.34
      },
      "activity_lines": [
        2.818333,
        2.873756,
        2.994104,
        3.051198
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 2.795,
    "trend_reference": 3.133068,
    "distance_from_trend": -0.107903,
    "trend_direction": "Weakening",
    "fair_value": 3.059262,
    "distance_from_fair_value": -0.086381,
    "fair_value_direction": "Weakening",
    "relative_strength": -25.417143,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.175516,
    "excess_performance": -0.299947,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.107903,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.032904,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.086381,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.154331,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.254171,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.174958,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.175516,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.590465,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1237961,
      "relative_activity": 1.055987,
      "balance": 0.590465,
      "dry_up": 1.21331,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.046894,
      "annualized_volatility": 0.224883,
      "from_high_reference": -0.213783,
      "from_low_reference": 0.021938
    },
    "levels": {
      "trend_reference": 3.133068,
      "fair_value_reference": 3.059262,
      "structural_low": 2.735,
      "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": 19,
        "median_return": 0.005425,
        "positive_rate": 0.578947,
        "directional_follow_through": 0.421053,
        "median_excess_return": 0.002745,
        "regime_survival": 0.631579,
        "best_return": 0.156463,
        "worst_return": -0.06079,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.041925,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.04499,
        "regime_survival": 0.5,
        "best_return": 0.166896,
        "worst_return": -0.080268,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.06006,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.057379,
        "regime_survival": 0.0,
        "best_return": 0.093647,
        "worst_return": 0.050167,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.02177,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.204019,
        "regime_survival": 0.333333,
        "best_return": 0.23879,
        "worst_return": -0.058159,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.056634,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.047703,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.059754,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-29",
        "tenure": "Established",
        "return": 0.102722,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-09-26",
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        "return": 0.029921,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-02-20",
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        "active": false
      },
      {
        "regime": "balance",
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        "return": -0.039308,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.136054,
        "active": false
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      {
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        "return": -0.019118,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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      {
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        "active": true
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      },
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      },
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      {
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      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -22.826509,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -76.848157,
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      },
      {
        "date": "2026-07-17",
        "close": 2.87,
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        "typical_volume": 1178296.9,
        "trend": 3.184401,
        "fair_value": 3.072884,
        "relative_strength": -21.768916,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.594999,
        "energy": 78.030738,
        "activity_lines": [
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          3.07899,
          3.121943
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      },
      {
        "date": "2026-07-24",
        "close": 2.78,
        "volume": 1990214,
        "typical_volume": 1179774.65,
        "trend": 3.168901,
        "fair_value": 3.067671,
        "relative_strength": -24.891106,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.270019,
        "energy": 81.186724,
        "activity_lines": [
          2.862776,
          2.934739,
          3.047171,
          3.095852
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.835,
        "volume": 1346051,
        "typical_volume": 1180809.15,
        "trend": 3.153234,
        "fair_value": 3.063625,
        "relative_strength": -23.480505,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.317979,
        "energy": 75.440609,
        "activity_lines": [
          2.84412,
          2.905157,
          3.022019,
          3.07431
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.795,
        "volume": 1237961,
        "typical_volume": 1172326.2,
        "trend": 3.133068,
        "fair_value": 3.059262,
        "relative_strength": -25.417143,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.459417,
        "energy": 76.857982,
        "activity_lines": [
          2.818333,
          2.873756,
          2.994104,
          3.051198
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      }
    ],
    "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."
    }
  }
}