{ "ticker": { "uuid": "b5f40977-764c-4a29-bd60-4ceab7213881", "symbol": "PCZ", "name": "ProCredit Holding AG", "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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 80.193, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 41.084, "architecture_energy": 26.2, "architecture_maturity": 36.052, "architecture_confidence": 77.939, "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": 40.13, "rotation_up": 34.46, "upward_expansion": 62.49, "deceleration": 84.02, "rotation_down": 24.43, "downward_expansion": 14.82 }, "activity_lines": [ 8.228667, 8.258, 8.076314, 7.948413 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 8.21, "trend_reference": 7.850155, "distance_from_trend": 0.045839, "trend_direction": "Improving", "fair_value": 7.638819, "distance_from_fair_value": 0.074773, "fair_value_direction": "Improving", "relative_strength": -5.007437, "relative_strength_direction": "Improving", "price_momentum": 0.029239, "excess_performance": -0.035401, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.045839, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026915, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.074773, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.072041, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.050074, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.049427, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.029239, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.869042, "read": "Demand-led" } ], "volume": { "latest": 107761, "relative_activity": 0.715743, "balance": 2.869042, "dry_up": 0.80101, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.047623, "annualized_volatility": 0.315217, "from_high_reference": -0.152627, "from_low_reference": 0.26492 }, "levels": { "trend_reference": 7.850155, "fair_value_reference": 7.638819, "structural_low": 6.697475, "invalidation": 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106722, "typical_volume": 164881.0, "trend": 7.844013, "fair_value": 7.611163, "relative_strength": -1.074648, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.890676, "energy": 47.998668, "activity_lines": [ 8.280667, 8.228262, 8.00125, 7.901569 ] }, { "date": "2026-07-31", "close": 8.21, "volume": 128498, "typical_volume": 161414.85, "trend": 7.849906, "fair_value": 7.625896, "relative_strength": -2.747938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.503396, "energy": 35.908412, "activity_lines": [ 8.254667, 8.248672, 8.040726, 7.925181 ] }, { "date": "2026-08-07", "close": 8.21, "volume": 107761, "typical_volume": 150558.3, "trend": 7.850155, "fair_value": 7.638819, "relative_strength": -5.007437, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.084413, "energy": 26.200035, "activity_lines": [ 8.228667, 8.258, 8.076314, 7.948413 ] } ], "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." } } }