{
  "ticker": {
    "uuid": "e2616546-653f-49ce-a5a1-b5766d0aff38",
    "symbol": "ECK",
    "name": "LUDWIG BECK am Rathauseck - Textilhaus Feldmeier 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": 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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 37.368,
    "architecture_energy": 24.251,
    "architecture_maturity": 74.048,
    "architecture_confidence": 94.305,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 48.12,
        "rotation_up": 22.35,
        "upward_expansion": 55.0,
        "deceleration": 93.95,
        "rotation_down": 27.56,
        "downward_expansion": 21.0
      },
      "activity_lines": [
        23.466667,
        24.312728,
        22.986191,
        21.699355
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 23.200001,
    "trend_reference": 19.946667,
    "distance_from_trend": 0.163102,
    "trend_direction": "Improving",
    "fair_value": 18.136696,
    "distance_from_fair_value": 0.279175,
    "fair_value_direction": "Improving",
    "relative_strength": 29.137328,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.303371,
    "excess_performance": 0.238731,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.163102,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.286052,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.279175,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.328018,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.291373,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.086307,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.303371,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.274293,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3234,
      "relative_activity": 2.037679,
      "balance": 1.274293,
      "dry_up": 1.960809,
      "accumulation_observations": 4,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.102454,
      "annualized_volatility": 0.75143,
      "from_high_reference": -0.221476,
      "from_low_reference": 1.0
    },
    "levels": {
      "trend_reference": 19.946667,
      "fair_value_reference": 18.136696,
      "structural_low": 17.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": -0.01194,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.028177,
        "regime_survival": 0.5,
        "best_return": 0.465116,
        "worst_return": -0.058442,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.037844,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.047444,
        "regime_survival": 0.166667,
        "best_return": 0.348315,
        "worst_return": -0.195454,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.158234,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.166952,
        "regime_survival": 0.0,
        "best_return": 0.022059,
        "worst_return": -0.225003,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.142571,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.164284,
        "regime_survival": 0.25,
        "best_return": 0.986111,
        "worst_return": -0.478957,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-05",
        "end": "2025-03-28",
        "tenure": "Extended",
        "return": -0.435185,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-04-04",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": -0.079755,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": -0.04,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-06-06",
        "end": "2025-06-13",
        "tenure": "New",
        "return": 0.013889,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-07-11",
        "tenure": "New",
        "return": -0.061224,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-07-18",
        "end": "2025-09-05",
        "tenure": "Developing",
        "return": -0.046512,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-12",
        "end": "2026-01-16",
        "tenure": "Established",
        "return": 0.016129,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-02-06",
        "tenure": "New",
        "return": 0.219178,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-13",
        "end": "2026-04-03",
        "tenure": "Developing",
        "return": -0.005618,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-10",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.02809,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-05-22",
        "tenure": "New",
        "return": -0.033333,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-05-29",
        "end": "2026-06-05",
        "tenure": "New",
        "return": 0.662791,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-07-17",
        "tenure": "Developing",
        "return": -0.074627,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
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        "trend": 14.82,
        "fair_value": 18.462163,
        "relative_strength": 24.458162,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.480194,
        "energy": 75.699756,
        "activity_lines": [
          18.153333,
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          17.414286,
          16.254839
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      },
      {
        "date": "2026-05-08",
        "close": 17.5,
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        "typical_volume": 1778.85,
        "trend": 14.993333,
        "fair_value": 18.39866,
        "relative_strength": 20.506604,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.49403,
        "energy": 79.277921,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "volume": 35,
        "typical_volume": 1680.8,
        "trend": 15.166667,
        "fair_value": 18.335147,
        "relative_strength": 20.704759,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.271381,
        "energy": 65.313008,
        "activity_lines": [
          17.713333,
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      },
      {
        "date": "2026-05-22",
        "close": 17.4,
        "volume": 57,
        "typical_volume": 1640.7,
        "trend": 15.343333,
        "fair_value": 18.273549,
        "relative_strength": 16.586135,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 42.301214,
        "energy": 34.889556,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 1664.2,
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        "relative_strength": 13.943015,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.35181,
        "energy": 26.008573,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 2427,
        "typical_volume": 1687.1,
        "trend": 16.056667,
        "fair_value": 18.223411,
        "relative_strength": 88.712518,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 74.876335,
        "activity_lines": [
          21.073333,
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      },
      {
        "date": "2026-06-12",
        "close": 26.799999,
        "volume": 2254,
        "typical_volume": 1406.8,
        "trend": 16.556667,
        "fair_value": 18.227161,
        "relative_strength": 75.153857,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": 74.045919,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 95.260614,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 25.200001,
        "volume": 123,
        "typical_volume": 1099.15,
        "trend": 17.523333,
        "fair_value": 18.224432,
        "relative_strength": 60.029826,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.862913,
        "energy": 87.936292,
        "activity_lines": [
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          20.970476,
          19.60172
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      },
      {
        "date": "2026-07-03",
        "close": 25.6,
        "volume": 372,
        "typical_volume": 1056.55,
        "trend": 17.98,
        "fair_value": 18.226856,
        "relative_strength": 53.766559,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.636542,
        "energy": 85.592897,
        "activity_lines": [
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          20.122796
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      },
      {
        "date": "2026-07-10",
        "close": 24.0,
        "volume": 1641,
        "typical_volume": 1042.55,
        "trend": 18.39,
        "fair_value": 18.21393,
        "relative_strength": 46.556616,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.212731,
        "energy": 64.333568,
        "activity_lines": [
          25.306667,
          24.376364,
          21.912381,
          20.511183
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      },
      {
        "date": "2026-07-17",
        "close": 24.799999,
        "volume": 3248,
        "typical_volume": 1204.95,
        "trend": 18.826667,
        "fair_value": 18.198495,
        "relative_strength": 50.80577,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.809571,
        "energy": 53.270129,
        "activity_lines": [
          24.973333,
          24.758182,
          22.337619,
          20.924731
        ]
      },
      {
        "date": "2026-07-24",
        "close": 23.200001,
        "volume": 4361,
        "typical_volume": 1406.1,
        "trend": 19.196667,
        "fair_value": 18.17153,
        "relative_strength": 38.08227,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.00932,
        "energy": 37.671379,
        "activity_lines": [
          24.24,
          24.716364,
          22.579048,
          21.206882
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.2,
        "volume": 1605,
        "typical_volume": 1467.5,
        "trend": 19.57,
        "fair_value": 18.145838,
        "relative_strength": 33.910838,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.496124,
        "energy": 27.883821,
        "activity_lines": [
          23.786667,
          24.567273,
          22.795714,
          21.465161
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.200001,
        "volume": 3234,
        "typical_volume": 1587.1,
        "trend": 19.946667,
        "fair_value": 18.136696,
        "relative_strength": 29.137328,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.368114,
        "energy": 24.251031,
        "activity_lines": [
          23.466667,
          24.312728,
          22.986191,
          21.699355
        ]
      }
    ],
    "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."
    }
  }
}