{
  "ticker": {
    "uuid": "aa6d3336-4460-43c6-8a91-34ac47933e58",
    "symbol": "G24",
    "name": "Scout24 SE",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 63.954,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 11.711,
    "architecture_energy": 7.12,
    "architecture_maturity": 29.227,
    "architecture_confidence": 39.2,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 60.47,
        "rotation_up": 30.79,
        "upward_expansion": 22.65,
        "deceleration": 59.18,
        "rotation_down": 30.46,
        "downward_expansion": 29.31
      },
      "activity_lines": [
        72.826667,
        72.840993,
        72.034354,
        71.221323
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 74.400002,
    "trend_reference": 71.577358,
    "distance_from_trend": 0.039435,
    "trend_direction": "Weakening",
    "fair_value": 79.411508,
    "distance_from_fair_value": -0.063108,
    "fair_value_direction": "Improving",
    "relative_strength": -16.078253,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.024531,
    "excess_performance": -0.040109,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.039435,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.056004,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.063108,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.052061,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.160783,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.102576,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.024531,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.977911,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2256896,
      "relative_activity": 1.635921,
      "balance": 1.977911,
      "dry_up": 1.316115,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.080224,
      "annualized_volatility": 0.330954,
      "from_high_reference": -0.359776,
      "from_low_reference": 0.209992
    },
    "levels": {
      "trend_reference": 71.577358,
      "fair_value_reference": 79.411508,
      "structural_low": 61.488014,
      "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": 11,
        "median_return": 0.006468,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": 0.0398,
        "regime_survival": 0.636364,
        "best_return": 0.111111,
        "worst_return": -0.109921,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.0638,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.089716,
        "regime_survival": 0.25,
        "best_return": 0.275132,
        "worst_return": -0.06462,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.19003,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.184071,
        "regime_survival": 0.0,
        "best_return": 0.425548,
        "worst_return": -0.078375,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.388739,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.171386,
        "regime_survival": 0.0,
        "best_return": 0.731681,
        "worst_return": 0.045798,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2023-03-24",
        "tenure": "Developing",
        "return": 0.053992,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2023-04-07",
        "tenure": "New",
        "return": -0.019378,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2023-06-30",
        "tenure": "Developing",
        "return": 0.068537,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2023-07-28",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
        "return": 0.022452,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-01-12",
        "tenure": "Developing",
        "return": 0.177817,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-08-09",
        "tenure": "Extended",
        "return": 0.063554,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.026455,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-09-20",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": 0.474269,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": true
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      },
      {
        "date": "2026-04-17",
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      },
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      },
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      },
      {
        "date": "2026-05-08",
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      },
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "fair_value": 79.019504,
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        "stage": 4,
        "regime": "balance",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
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        "volume": 1232254,
        "typical_volume": 1309571.2,
        "trend": 72.717216,
        "fair_value": 79.119546,
        "relative_strength": -16.385363,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 9.028301,
        "energy": 7.726375,
        "activity_lines": [
          72.883332,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 68.400002,
        "volume": 1528113,
        "typical_volume": 1298093.35,
        "trend": 72.189231,
        "fair_value": 79.187297,
        "relative_strength": -20.855296,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.469298,
        "energy": 15.216286,
        "activity_lines": [
          71.276666,
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          70.921184
        ]
      },
      {
        "date": "2026-07-31",
        "close": 74.35,
        "volume": 2245517,
        "typical_volume": 1340125.35,
        "trend": 71.908612,
        "fair_value": 79.309941,
        "relative_strength": -14.824441,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 10.408103,
        "energy": 7.177514,
        "activity_lines": [
          72.106667,
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          71.060588
        ]
      },
      {
        "date": "2026-08-07",
        "close": 74.400002,
        "volume": 2256896,
        "typical_volume": 1379587.15,
        "trend": 71.577358,
        "fair_value": 79.411508,
        "relative_strength": -16.078253,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 11.711054,
        "energy": 7.119851,
        "activity_lines": [
          72.826667,
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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."
    }
  }
}