{ "ticker": { "uuid": "d3611432-dbba-40bf-bbc5-6c1a83eaf590", "symbol": "VLA", "name": "Valneva SE", "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": "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": -52.036, "architecture_energy": 53.116, "architecture_maturity": 100.0, "architecture_confidence": 67.277, "architecture_tenure": "Established", "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": 18.3, "rotation_up": 27.65, "upward_expansion": 16.58, "deceleration": 66.8, "rotation_down": 46.66, "downward_expansion": 75.58 }, "activity_lines": [ 2.259733, 2.256618, 2.325838, 2.618176 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 2.365, "trend_reference": 3.0798, "distance_from_trend": -0.232093, "trend_direction": "Weakening", "fair_value": 3.530038, "distance_from_fair_value": -0.330036, "fair_value_direction": "Improving", "relative_strength": -46.242841, "relative_strength_direction": "Weakening", "price_momentum": -0.432582, "excess_performance": -0.606828, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.232093, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.142905, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.330036, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.045341, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.462428, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.027623, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.432582, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.678331, "read": "Demand-led" } ], "volume": { "latest": 15737, "relative_activity": 0.488708, "balance": 2.678331, "dry_up": 0.400427, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.078842, "annualized_volatility": 0.741396, "from_high_reference": -0.553774, "from_low_reference": 0.154785 }, "levels": { "trend_reference": 3.0798, "fair_value_reference": 3.530038, "structural_low": 2.048, 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"activity_lines": [ 2.213067, 2.244055, 2.338976, 2.668346 ] }, { "date": "2026-08-07", "close": 2.365, "volume": 15737, "typical_volume": 32201.25, "trend": 3.0798, "fair_value": 3.530038, "relative_strength": -46.242841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.03614, "energy": 53.11637, "activity_lines": [ 2.259733, 2.256618, 2.325838, 2.618176 ] } ], "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." } } }