{ "ticker": { "uuid": "b8ae029d-fe6c-493d-800f-4372c544d94a", "symbol": "LSS", "name": "Lectra SA", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 79.238, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 67.787, "architecture_energy": 84.21, "architecture_maturity": 22.0, "architecture_confidence": 78.279, "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": 11.67, "rotation_up": 81.74, "upward_expansion": 68.3, "deceleration": 20.84, "rotation_down": 16.09, "downward_expansion": 26.63 }, "activity_lines": [ 20.267333, 19.047454, 17.96907, 17.713362 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 22.85, "trend_reference": 18.081558, "distance_from_trend": 0.263719, "trend_direction": "Weakening", "fair_value": 24.544873, "distance_from_fair_value": -0.069052, "fair_value_direction": "Improving", "relative_strength": 5.991744, "relative_strength_direction": "Improving", "price_momentum": 0.040435, "excess_performance": -0.012876, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.263719, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.079447, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.069052, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.303835, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.059917, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.339229, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.040435, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.904051, "read": "Demand-led" } ], "volume": { "latest": 151894, "relative_activity": 1.017768, "balance": 5.904051, "dry_up": 0.924884, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.057162, "annualized_volatility": 0.418934, "from_high_reference": -0.084009, "from_low_reference": 0.536696 }, "levels": { "trend_reference": 18.081558, "fair_value_reference": 24.544873, "structural_low": 14.869565, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.022874, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.024341, "regime_survival": 0.333333, "best_return": 0.112216, "worst_return": -0.16632, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.063522, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.086278, "regime_survival": 0.0, "best_return": 0.107394, "worst_return": -0.284823, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.18607, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.183684, "regime_survival": 0.0, "best_return": 0.109232, "worst_return": -0.238328, "sufficient": false }, { "horizon": "Full cycle", 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"relative_strength": -18.139296, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.604751, "energy": 15.469326, "activity_lines": [ 17.389333, 17.107272, 16.771252, 17.314941 ] }, { "date": "2026-07-17", "close": 17.92, "volume": 136691, "typical_volume": 151275.65, "trend": 18.41029, "fair_value": 24.680489, "relative_strength": -14.661575, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.648894, "energy": 17.592241, "activity_lines": [ 17.650666, 17.302182, 16.885385, 17.274092 ] }, { "date": "2026-07-24", "close": 18.4, "volume": 116855, "typical_volume": 149663.45, "trend": 18.258949, "fair_value": 24.623943, "relative_strength": -12.025636, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.987218, "energy": 26.793897, "activity_lines": [ 17.96, 17.546909, 17.049992, 17.273428 ] }, { "date": "2026-07-31", "close": 20.35, "volume": 146687, "typical_volume": 149898.7, "trend": 18.122065, "fair_value": 24.577765, "relative_strength": -3.705546, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 48.709563, "energy": 61.729379, "activity_lines": [ 18.798, 18.102545, 17.398874, 17.408334 ] }, { "date": "2026-08-07", "close": 22.85, "volume": 151894, "typical_volume": 149242.2, "trend": 18.081558, "fair_value": 24.544873, "relative_strength": 5.991744, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 67.787429, "energy": 84.209666, "activity_lines": [ 20.267333, 19.047454, 17.96907, 17.713362 ] } ], "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." } } }