{
  "ticker": {
    "uuid": "b0f2885f-907e-4b28-bb78-7af1bd9997f0",
    "symbol": "BDB",
    "name": "Banco di Desio e della Brianza S.p.A.",
    "exchange": "MIL",
    "country": "IT",
    "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": "FTSEMIB.MI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 80.259,
    "architecture_energy": 72.745,
    "architecture_maturity": 70.0,
    "architecture_confidence": 66.715,
    "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": 1.04,
        "rotation_up": 85.94,
        "upward_expansion": 90.0,
        "deceleration": 62.89,
        "rotation_down": 9.05,
        "downward_expansion": 12.0
      },
      "activity_lines": [
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        11.547616
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 16.42,
    "trend_reference": 10.26441,
    "distance_from_trend": 0.599702,
    "trend_direction": "Improving",
    "fair_value": 6.287873,
    "distance_from_fair_value": 1.611376,
    "fair_value_direction": "Improving",
    "relative_strength": 55.359022,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.90597,
    "excess_performance": 0.735078,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.599702,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.20764,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.611376,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 1.04299,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.55359,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.580693,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.90597,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.619787,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2000873,
      "relative_activity": 3.813152,
      "balance": 1.619787,
      "dry_up": 2.236547,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.068584,
      "annualized_volatility": 0.383591,
      "from_high_reference": -0.147456,
      "from_low_reference": 1.479664
    },
    "levels": {
      "trend_reference": 10.26441,
      "fair_value_reference": 6.287873,
      "structural_low": 7.330339,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 33,
        "median_return": 0.025343,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": 0.02002,
        "regime_survival": 0.727273,
        "best_return": 0.450157,
        "worst_return": -0.157635,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
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        "regime_survival": 0.416667,
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        "worst_return": -0.110266,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "worst_return": -0.089744,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": 0.151505,
        "sufficient": false
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        "end": "2024-01-26",
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      {
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      {
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 407429.25,
        "trend": 9.545566,
        "fair_value": 6.033879,
        "relative_strength": 53.821217,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 92.175549,
        "energy": 97.245156,
        "activity_lines": [
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          10.334628
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      },
      {
        "date": "2026-07-24",
        "close": 14.78,
        "volume": 959264,
        "typical_volume": 430226.25,
        "trend": 9.742564,
        "fair_value": 6.110312,
        "relative_strength": 49.225281,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 75.706511,
        "energy": 91.399034,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 16.9,
        "volume": 872114,
        "typical_volume": 445232.7,
        "trend": 10.010542,
        "fair_value": 6.200496,
        "relative_strength": 66.928047,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 95.532206,
        "energy": 90.079587,
        "activity_lines": [
          15.477333,
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          12.195521,
          11.134103
        ]
      },
      {
        "date": "2026-08-07",
        "close": 16.42,
        "volume": 2000873,
        "typical_volume": 524729.4,
        "trend": 10.26441,
        "fair_value": 6.287873,
        "relative_strength": 55.359022,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.258952,
        "energy": 72.7446,
        "activity_lines": [
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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."
    }
  }
}