{ "ticker": { "uuid": "c0af235a-4abe-48e2-80c8-1d8bc5eb375a", "symbol": "SMWN", "name": "SM Wirtschaftsberatungs 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -65.681, "architecture_energy": 67.363, "architecture_maturity": 100.0, "architecture_confidence": 89.12, "architecture_tenure": "Extended", "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": 12.94, "rotation_up": 28.88, "upward_expansion": 12.0, "deceleration": 60.64, "rotation_down": 54.39, "downward_expansion": 83.0 }, "activity_lines": [ 4.444, 4.476, 4.559524, 4.671011 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 4.46, "trend_reference": 4.849, "distance_from_trend": -0.080223, "trend_direction": "Weakening", "fair_value": 5.291805, "distance_from_fair_value": -0.157187, "fair_value_direction": "Weakening", "relative_strength": -21.604676, "relative_strength_direction": "Weakening", "price_momentum": -0.166355, "excess_performance": -0.230995, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.080223, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.071429, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.157187, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.050386, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.216047, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.093376, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.166355, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.261224, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 1.261224, "dry_up": 2.40773, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.012763, "annualized_volatility": 0.090599, "from_high_reference": -0.297638, "from_low_reference": 0.037209 }, "levels": { "trend_reference": 4.849, "fair_value_reference": 5.291805, "structural_low": 4.3, "invalidation": "Reclaiming a 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"modifier": "Established contraction", "gate": "down", "direction": -88.305669, "energy": 75.636553, "activity_lines": [ 4.481333, 4.525818, 4.634095, 4.761742 ] }, { "date": "2026-07-24", "close": 4.42, "volume": 0, "typical_volume": 217.05, "trend": 4.913333, "fair_value": 5.300811, "relative_strength": -19.735904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.605525, "energy": 83.953248, "activity_lines": [ 4.450667, 4.499273, 4.603714, 4.727376 ] }, { "date": "2026-07-31", "close": 4.46, "volume": 3040, "typical_volume": 316.05, "trend": 4.880333, "fair_value": 5.296167, "relative_strength": -20.098154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.25032, "energy": 82.750764, "activity_lines": [ 4.444, 4.486545, 4.580381, 4.698129 ] }, { "date": "2026-08-07", "close": 4.46, "volume": 0, "typical_volume": 315.65, "trend": 4.849, "fair_value": 5.291805, "relative_strength": -21.604676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.680689, "energy": 67.363434, "activity_lines": [ 4.444, 4.476, 4.559524, 4.671011 ] } ], "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." } } }