{ "ticker": { "uuid": "bc210d89-b6d9-4e56-bb0a-e8a7e2622c76", "symbol": "TEMN", "name": "Temenos AG", "exchange": "EBS", "country": "CH", "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": "2026-10-02", "benchmark": "^SSMI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 85.669, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -49.667, "architecture_energy": 38.182, "architecture_maturity": 25.048, "architecture_confidence": 61.871, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 41.71, "rotation_up": 9.1, "upward_expansion": 11.23, "deceleration": 62.76, "rotation_down": 68.93, "downward_expansion": 70.23 }, "activity_lines": [ 67.380002, 69.581819, 69.172143, 69.225025 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 66.050003, "trend_reference": 69.58481, "distance_from_trend": -0.050799, "trend_direction": "Weakening", "fair_value": 65.369247, "distance_from_fair_value": 0.010414, "fair_value_direction": "Weakening", "relative_strength": -7.682066, "relative_strength_direction": "Improving", "price_momentum": -0.062351, "excess_performance": -0.114651, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.050799, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003104, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.010414, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.060922, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.076821, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.025526, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.062351, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.163515, "read": "Supply-led" } ], "volume": { "latest": 890432, "relative_activity": 1.886558, "balance": 0.163515, "dry_up": 2.039644, "accumulation_observations": 0, "distribution_observations": 5 }, "risk": { "range_context": 0.062831, "annualized_volatility": 0.371816, "from_high_reference": -0.225632, "from_low_reference": 0.113555 }, "levels": { "trend_reference": 69.58481, "fair_value_reference": 65.369247, 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"trend": 69.772423, "fair_value": 65.250175, "relative_strength": -5.491433, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.084781, "energy": 46.872219, "activity_lines": [ 72.199999, 71.35818, 69.798305, 69.79499 ] }, { "date": "2026-09-18", "close": 67.400002, "volume": 1346803, "typical_volume": 443216.85, "trend": 69.880171, "fair_value": 65.290277, "relative_strength": -6.888426, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -15.750666, "energy": 8.696603, "activity_lines": [ 70.29, 70.832726, 69.615457, 69.64193 ] }, { "date": "2026-09-25", "close": 67.150002, "volume": 851864, "typical_volume": 455380.5, "trend": 69.78187, "fair_value": 65.333227, "relative_strength": -8.154301, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.209746, "energy": 22.321172, "activity_lines": [ 68.776667, 70.296363, 69.432857, 69.46579 ] }, { "date": "2026-10-02", "close": 66.050003, "volume": 890432, "typical_volume": 471987.65, "trend": 69.58481, "fair_value": 65.369247, "relative_strength": -7.682066, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.666926, "energy": 38.181724, "activity_lines": [ 67.380002, 69.581819, 69.172143, 69.225025 ] } ], "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." } } }