{ "ticker": { "uuid": "b73ae60c-e630-4204-8c05-0d7c7ba95846", "symbol": "A3M", "name": "Atresmedia Corporaci\u00f3n de Medios de Comunicaci\u00f3n, 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 79.821, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 34.107, "architecture_energy": 48.193, "architecture_maturity": 4.749, "architecture_confidence": 53.511, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 37.34, "rotation_up": 62.31, "upward_expansion": 53.75, "deceleration": 29.25, "rotation_down": 24.79, "downward_expansion": 23.75 }, "activity_lines": [ 5.085333, 5.000735, 4.966153, 4.959374 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 5.15, "trend_reference": 4.978939, "distance_from_trend": 0.034357, "trend_direction": "Weakening", "fair_value": 4.226292, "distance_from_fair_value": 0.218562, "fair_value_direction": "Weakening", "relative_strength": -12.757806, "relative_strength_direction": "Improving", "price_momentum": 0.011788, "excess_performance": -0.112643, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.034357, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.0044, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.218562, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004035, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.127578, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.002062, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.011788, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.336517, "read": "Demand-led" } ], "volume": { "latest": 1054266, "relative_activity": 0.829531, "balance": 1.336517, "dry_up": 1.348632, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.032244, "annualized_volatility": 0.181008, "from_high_reference": -0.079846, "from_low_reference": 0.128149 }, "levels": { "trend_reference": 4.978939, "fair_value_reference": 4.226292, "structural_low": 4.565, "invalidation": "A 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"gate": "down", "direction": -58.859295, "energy": 53.936593, "activity_lines": [ 4.824, 4.871251, 4.895865, 4.922954 ] }, { "date": "2026-07-24", "close": 5.08, "volume": 2044659, "typical_volume": 1304244.4, "trend": 4.963606, "fair_value": 4.197546, "relative_strength": -12.136306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.325705, "energy": 12.432089, "activity_lines": [ 4.900333, 4.905486, 4.913398, 4.930871 ] }, { "date": "2026-07-31", "close": 5.23, "volume": 2706130, "typical_volume": 1330395.6, "trend": 4.974606, "fair_value": 4.212071, "relative_strength": -10.02265, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 29.482238, "energy": 31.438435, "activity_lines": [ 5.022, 4.964135, 4.944644, 4.948058 ] }, { "date": "2026-08-07", "close": 5.15, "volume": 1054266, "typical_volume": 1270918.55, "trend": 4.978939, "fair_value": 4.226292, "relative_strength": -12.757806, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.10687, "energy": 48.192789, "activity_lines": [ 5.085333, 5.000735, 4.966153, 4.959374 ] } ], "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." } } }