{
  "ticker": {
    "uuid": "c0a91574-18ac-4cc2-985e-f230ceaf9786",
    "symbol": "DEQ",
    "name": "Deutsche EuroShop AG",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 71.568,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -41.551,
    "architecture_energy": 27.807,
    "architecture_maturity": 47.892,
    "architecture_confidence": 79.095,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 42.81,
        "rotation_up": 25.67,
        "upward_expansion": 15.55,
        "deceleration": 45.84,
        "rotation_down": 33.5,
        "downward_expansion": 63.22
      },
      "activity_lines": [
        18.453333,
        18.41841,
        18.619733,
        18.892123
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 18.42,
    "trend_reference": 19.197077,
    "distance_from_trend": -0.040479,
    "trend_direction": "Weakening",
    "fair_value": 17.415377,
    "distance_from_fair_value": 0.057686,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.022001,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.054415,
    "excess_performance": -0.228662,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.040479,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.001833,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.057686,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.042286,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.21022,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.044353,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.054415,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 12.105263,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 19,
      "relative_activity": 1.088825,
      "balance": 12.105263,
      "dry_up": 3.567335,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.027761,
      "annualized_volatility": 0.149789,
      "from_high_reference": -0.122857,
      "from_low_reference": 0.037162
    },
    "levels": {
      "trend_reference": 19.197077,
      "fair_value_reference": 17.415377,
      "structural_low": 17.76,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.000525,
        "positive_rate": 0.466667,
        "directional_follow_through": 0.533333,
        "median_excess_return": 0.023734,
        "regime_survival": 0.8,
        "best_return": 0.123879,
        "worst_return": -0.097421,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.014419,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.10579,
        "regime_survival": 0.5,
        "best_return": 0.201773,
        "worst_return": -0.057159,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.149564,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.042138,
        "regime_survival": 0.0,
        "best_return": 0.248646,
        "worst_return": -0.086028,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.145816,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.146021,
        "regime_survival": 0.0,
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        "worst_return": 0.125501,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-27",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.089749,
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        "regime": "rotation_down",
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        "return": -0.061203,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-05-02",
        "tenure": "Established",
        "return": 0.042254,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-05-16",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-08-01",
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      {
        "regime": "deceleration",
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        "end": "2025-11-14",
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "upward_expansion",
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    ],
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        "close": 18.722334,
        "volume": 0,
        "typical_volume": 30.0,
        "trend": 19.189264,
        "fair_value": 17.020737,
        "relative_strength": -16.586714,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.30327,
        "energy": 41.359665,
        "activity_lines": [
          18.786111,
          19.167477,
          19.508954,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 18.608288,
        "volume": 0,
        "typical_volume": 30.0,
        "trend": 19.202873,
        "fair_value": 17.052989,
        "relative_strength": -16.412639,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.315525,
        "energy": 52.360336,
        "activity_lines": [
          18.671013,
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          19.423944,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 18.893398,
        "volume": 0,
        "typical_volume": 30.0,
        "trend": 19.20732,
        "fair_value": 17.088943,
        "relative_strength": -16.538096,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.670788,
        "energy": 42.079651,
        "activity_lines": [
          18.721065,
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          19.366619,
          19.337389
        ]
      },
      {
        "date": "2026-05-29",
        "close": 19.530148,
        "volume": 0,
        "typical_volume": 30.0,
        "trend": 19.232325,
        "fair_value": 17.127105,
        "relative_strength": -15.690862,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -0.094972,
        "energy": 9.472763,
        "activity_lines": [
          19.000474,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 19.292555,
        "volume": 0,
        "typical_volume": 30.0,
        "trend": 19.250743,
        "fair_value": 17.162077,
        "relative_strength": -15.47381,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -9.339893,
        "energy": 8.060083,
        "activity_lines": [
          19.146831,
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          19.345403,
          19.362103
        ]
      },
      {
        "date": "2026-06-12",
        "close": 19.15,
        "volume": 0,
        "typical_volume": 30.0,
        "trend": 19.26841,
        "fair_value": 17.195095,
        "relative_strength": -18.019406,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -4.742253,
        "energy": 11.334448,
        "activity_lines": [
          19.193717,
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          19.307869,
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        ]
      },
      {
        "date": "2026-06-19",
        "close": 18.74,
        "volume": 0,
        "typical_volume": 30.0,
        "trend": 19.283743,
        "fair_value": 17.226942,
        "relative_strength": -22.402507,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -15.34226,
        "energy": 12.937268,
        "activity_lines": [
          19.075424,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 17.799999,
        "volume": 0,
        "typical_volume": 30.0,
        "trend": 19.261077,
        "fair_value": 17.253805,
        "relative_strength": -24.173409,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -76.23452,
        "energy": 61.093782,
        "activity_lines": [
          18.635017,
          18.780086,
          19.066799,
          19.225787
        ]
      },
      {
        "date": "2026-07-03",
        "close": 18.200001,
        "volume": 0,
        "typical_volume": 5.0,
        "trend": 19.24841,
        "fair_value": 17.282815,
        "relative_strength": -23.679084,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.092704,
        "energy": 71.8627,
        "activity_lines": [
          18.400837,
          18.671499,
          18.948741,
          19.15733
        ]
      },
      {
        "date": "2026-07-10",
        "close": 18.120001,
        "volume": 0,
        "typical_volume": 5.0,
        "trend": 19.237077,
        "fair_value": 17.311729,
        "relative_strength": -22.498216,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.710352,
        "energy": 76.79112,
        "activity_lines": [
          18.228667,
          18.557863,
          18.833539,
          19.08453
        ]
      },
      {
        "date": "2026-07-17",
        "close": 18.5,
        "volume": 230,
        "typical_volume": 16.5,
        "trend": 19.22841,
        "fair_value": 17.341413,
        "relative_strength": -18.825064,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.851005,
        "energy": 74.181012,
        "activity_lines": [
          18.261334,
          18.520468,
          18.767528,
          19.036976
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.42,
        "volume": 0,
        "typical_volume": 16.5,
        "trend": 19.21841,
        "fair_value": 17.367877,
        "relative_strength": -19.760669,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.766496,
        "energy": 59.452247,
        "activity_lines": [
          18.310667,
          18.47257,
          18.705089,
          18.984821
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.58,
        "volume": 0,
        "typical_volume": 16.5,
        "trend": 19.21841,
        "fair_value": 17.393494,
        "relative_strength": -18.496233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.362813,
        "energy": 36.829164,
        "activity_lines": [
          18.434667,
          18.457187,
          18.66684,
          18.943633
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.42,
        "volume": 19,
        "typical_volume": 17.45,
        "trend": 19.197077,
        "fair_value": 17.415377,
        "relative_strength": -21.022001,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.551392,
        "energy": 27.806674,
        "activity_lines": [
          18.453333,
          18.41841,
          18.619733,
          18.892123
        ]
      }
    ],
    "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."
    }
  }
}