{ "ticker": { "uuid": "cad6c437-21c8-4324-a8c7-1cebfe16e0dc", "symbol": "ECR", "name": "Ercros, 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": 57.475, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 74.545, "architecture_energy": 59.917, "architecture_maturity": 47.985, "architecture_confidence": 80.159, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 4.5, "rotation_up": 63.05, "upward_expansion": 87.86, "deceleration": 53.42, "rotation_down": 24.75, "downward_expansion": 9.86 }, "activity_lines": [ 3.481333, 3.476455, 3.459143, 3.439602 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 3.49, "trend_reference": 3.419833, "distance_from_trend": 0.020518, "trend_direction": "Improving", "fair_value": 3.19475, "distance_from_fair_value": 0.092417, "fair_value_direction": "Improving", "relative_strength": -7.440657, "relative_strength_direction": "Weakening", "price_momentum": 0.018978, "excess_performance": -0.105453, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.020518, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016497, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.092417, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.024618, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.074407, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.041952, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.018978, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 33.50252, "read": "Demand-led" } ], "volume": { "latest": 70452, "relative_activity": 0.651953, "balance": 33.50252, "dry_up": 0.938267, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.006612, "annualized_volatility": 0.220343, "from_high_reference": -0.002857, "from_low_reference": 0.565022 }, "levels": { "trend_reference": 3.419833, "fair_value_reference": 3.19475, "structural_low": 3.02, "invalidation": "A decisive 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"direction": 67.641004, "energy": 67.028452, "activity_lines": [ 3.472667, 3.466545, 3.44481, 3.426946 ] }, { "date": "2026-07-24", "close": 3.475, "volume": 89718, "typical_volume": 262104.45, "trend": 3.416167, "fair_value": 3.18891, "relative_strength": -5.844093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.41238, "energy": 57.629522, "activity_lines": [ 3.474333, 3.469909, 3.450381, 3.430828 ] }, { "date": "2026-07-31", "close": 3.48, "volume": 204443, "typical_volume": 118627.75, "trend": 3.417833, "fair_value": 3.191642, "relative_strength": -6.236793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.570596, "energy": 56.573876, "activity_lines": [ 3.476667, 3.472727, 3.454357, 3.434946 ] }, { "date": "2026-08-07", "close": 3.49, "volume": 70452, "typical_volume": 108063.05, "trend": 3.419833, "fair_value": 3.19475, "relative_strength": -7.440657, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.54509, "energy": 59.91693, "activity_lines": [ 3.481333, 3.476455, 3.459143, 3.439602 ] } ], "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." } } }