{ "ticker": { "uuid": "d40575c6-c1e0-4c88-afb7-fa233fffc9b7", "symbol": "MRK", "name": "Merck KGaA", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 66.648, "architecture_energy": 51.486, "architecture_maturity": 62.776, "architecture_confidence": 74.791, "architecture_tenure": "Developing", "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": 13.46, "rotation_up": 47.2, "upward_expansion": 79.7, "deceleration": 70.24, "rotation_down": 27.73, "downward_expansion": 8.7 }, "activity_lines": [ 141.37333, 140.786361, 134.386195, 128.948595 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 143.649994, "trend_reference": 124.30798, "distance_from_trend": 0.155598, "trend_direction": "Improving", "fair_value": 133.013765, "distance_from_fair_value": 0.079963, "fair_value_direction": "Improving", "relative_strength": 11.544067, "relative_strength_direction": "Improving", "price_momentum": 0.206512, "excess_performance": 0.141872, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.155598, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.067639, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.079963, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.239445, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.115441, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.125572, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.206512, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.007074, "read": "Demand-led" } ], "volume": { "latest": 1486782, "relative_activity": 1.183088, "balance": 3.007074, "dry_up": 1.06915, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.054245, "annualized_volatility": 0.348727, "from_high_reference": -0.03461, "from_low_reference": 0.455123 }, "levels": { "trend_reference": 124.30798, "fair_value_reference": 133.013765, "structural_low": 98.720196, 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"modifier": "Early expansion", "gate": "up", "direction": 63.692602, "energy": 65.134968, "activity_lines": [ 140.096664, 137.876362, 129.035006, 125.262921 ] }, { "date": "2026-07-24", "close": 139.149994, "volume": 1544588, "typical_volume": 1349731.4, "trend": 122.904405, "fair_value": 133.15091, "relative_strength": 14.279978, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.340903, "energy": 54.221905, "activity_lines": [ 139.799997, 138.683634, 130.707308, 126.35612 ] }, { "date": "2026-07-31", "close": 143.15, "volume": 1181426, "typical_volume": 1311168.55, "trend": 123.712232, "fair_value": 133.085904, "relative_strength": 14.632313, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.02945, "energy": 52.149713, "activity_lines": [ 140.419998, 139.821816, 132.612155, 127.662288 ] }, { "date": "2026-08-07", "close": 143.649994, "volume": 1486782, "typical_volume": 1256695.85, "trend": 124.30798, "fair_value": 133.013765, "relative_strength": 11.544067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.647533, "energy": 51.486418, "activity_lines": [ 141.37333, 140.786361, 134.386195, 128.948595 ] } ], "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." } } }