{ "ticker": { "uuid": "dfcb73e1-c1e2-439d-a7d4-fdc2eb7407b4", "symbol": "VIRP", "name": "Virbac SA", "exchange": "PAR", "country": "FR", "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": "^FCHI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 49.021, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -42.182, "architecture_energy": 26.046, "architecture_maturity": 40.108, "architecture_confidence": 81.249, "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": 30.69, "rotation_up": 24.17, "upward_expansion": 14.54, "deceleration": 44.84, "rotation_down": 37.59, "downward_expansion": 64.54 }, "activity_lines": [ 336.766667, 335.398268, 343.052142, 346.948394 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 345.0, "trend_reference": 351.266845, "distance_from_trend": -0.017841, "trend_direction": "Weakening", "fair_value": 331.18903, "distance_from_fair_value": 0.041701, "fair_value_direction": "Weakening", "relative_strength": -7.149646, "relative_strength_direction": "Weakening", "price_momentum": -0.015692, "excess_performance": -0.069003, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.017841, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.015606, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.041701, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.071546, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.071496, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.11017, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.015692, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.691884, "read": "Demand-led" } ], "volume": { "latest": 24080, "relative_activity": 1.410369, "balance": 1.691884, "dry_up": 1.55041, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.045158, "annualized_volatility": 0.219452, "from_high_reference": -0.114249, "from_low_reference": 0.165541 }, "levels": { "trend_reference": 351.266845, "fair_value_reference": 331.18903, 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320.5, "volume": 22633, "typical_volume": 18180.5, "trend": 353.816845, "fair_value": 329.71305, "relative_strength": -10.711805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.047578, "energy": 75.273484, "activity_lines": [ 331.764701, 339.525779, 348.659387, 351.375322 ] }, { "date": "2026-07-17", "close": 326.0, "volume": 23957, "typical_volume": 18020.75, "trend": 353.033511, "fair_value": 330.105376, "relative_strength": -8.92462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.858308, "energy": 75.848339, "activity_lines": [ 328.53323, 336.005094, 346.159362, 349.580687 ] }, { "date": "2026-07-24", "close": 332.0, "volume": 41533, "typical_volume": 19037.35, "trend": 352.366845, "fair_value": 330.380408, "relative_strength": -7.341959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.025491, "energy": 67.695182, "activity_lines": [ 328.666486, 334.246198, 344.440288, 348.223686 ] }, { "date": "2026-07-31", "close": 339.5, "volume": 16314, "typical_volume": 18894.1, "trend": 351.900178, "fair_value": 330.79252, "relative_strength": -6.561564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.066704, "energy": 48.61815, "activity_lines": [ 331.766667, 334.150249, 343.504549, 347.393567 ] }, { "date": "2026-08-07", "close": 345.0, "volume": 24080, "typical_volume": 17073.55, "trend": 351.266845, "fair_value": 331.18903, "relative_strength": -7.149646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.181836, "energy": 26.045692, "activity_lines": [ 336.766667, 335.398268, 343.052142, 346.948394 ] } ], "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." } } }