{ "ticker": { "uuid": "af5db6b1-3121-4bd0-bd7b-01c757681078", "symbol": "NEM", "name": "Nemetschek 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": "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": -28.57, "architecture_energy": 15.327, "architecture_maturity": 100.0, "architecture_confidence": 56.408, "architecture_tenure": "Extended", "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": 51.52, "rotation_up": 29.48, "upward_expansion": 20.31, "deceleration": 43.6, "rotation_down": 20.33, "downward_expansion": 51.98 }, "activity_lines": [ 58.29, 57.038182, 58.337255, 60.170873 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 60.599998, "trend_reference": 63.402207, "distance_from_trend": -0.044197, "trend_direction": "Weakening", "fair_value": 88.188145, "distance_from_fair_value": -0.312833, "fair_value_direction": "Improving", "relative_strength": -29.620016, "relative_strength_direction": "Improving", "price_momentum": -0.136727, "excess_performance": -0.201366, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.044197, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.153701, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.312833, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.000656, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.2962, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.073727, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.136727, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.656138, "read": "Demand-led" } ], "volume": { "latest": 1450886, "relative_activity": 1.380332, "balance": 1.656138, "dry_up": 1.502205, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.094762, "annualized_volatility": 0.397678, "from_high_reference": -0.557767, "from_low_reference": 0.201189 }, "levels": { "trend_reference": 63.402207, "fair_value_reference": 88.188145, 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"close": 57.150002, "volume": 1206030, "typical_volume": 975620.5, "trend": 65.446269, "fair_value": 88.240765, "relative_strength": -32.987401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.225637, "energy": 36.555677, "activity_lines": [ 56.046668, 56.321819, 58.533462, 60.893417 ] }, { "date": "2026-07-31", "close": 58.05, "volume": 2392385, "typical_volume": 1041434.15, "trend": 64.403175, "fair_value": 88.20176, "relative_strength": -32.097474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.250221, "energy": 24.317274, "activity_lines": [ 56.930001, 56.4, 58.288305, 60.416239 ] }, { "date": "2026-08-07", "close": 60.599998, "volume": 1450886, "typical_volume": 1051113.55, "trend": 63.402207, "fair_value": 88.188145, "relative_strength": -29.620016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.569636, "energy": 15.327228, "activity_lines": [ 58.29, 57.038182, 58.337255, 60.170873 ] } ], "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." } } }