{ "ticker": { "uuid": "e5eb7aa1-bd9d-4236-b290-1022ebf7c40c", "symbol": "LHA", "name": "Deutsche Lufthansa AG", "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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 64.148, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 35.724, "architecture_energy": 25.544, "architecture_maturity": 60.417, "architecture_confidence": 72.6, "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": 45.75, "rotation_up": 23.57, "upward_expansion": 56.69, "deceleration": 91.07, "rotation_down": 30.96, "downward_expansion": 20.36 }, "activity_lines": [ 8.863333, 9.070255, 8.724076, 8.476657 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 8.65, "trend_reference": 8.295634, "distance_from_trend": 0.042717, "trend_direction": "Improving", "fair_value": 6.806397, "distance_from_fair_value": 0.270863, "fair_value_direction": "Improving", "relative_strength": -11.44074, "relative_strength_direction": "Improving", "price_momentum": -0.018707, "excess_performance": -0.192954, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.042717, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048106, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.270863, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.111207, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.114407, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.002798, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.018707, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.728369, "read": "Supply-led" } ], "volume": { "latest": 60873, "relative_activity": 2.038672, "balance": 0.728369, "dry_up": 1.620734, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.069853, "annualized_volatility": 0.39649, "from_high_reference": -0.151961, "from_low_reference": 0.315851 }, "levels": { "trend_reference": 8.295634, "fair_value_reference": 6.806397, "structural_low": 6.717855, "invalidation": "A 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"typical_volume": 29471.9, "trend": 8.266823, "fair_value": 6.79059, "relative_strength": -8.669325, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.160566, "energy": 48.795359, "activity_lines": [ 9.187733, 9.133273, 8.60771, 8.405749 ] }, { "date": "2026-07-31", "close": 9.008, "volume": 44964, "typical_volume": 28425.35, "trend": 8.292097, "fair_value": 6.800108, "relative_strength": -5.410956, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.984014, "energy": 31.523022, "activity_lines": [ 9.060933, 9.144436, 8.686824, 8.453567 ] }, { "date": "2026-08-07", "close": 8.65, "volume": 60873, "typical_volume": 29859.15, "trend": 8.295634, "fair_value": 6.806397, "relative_strength": -11.44074, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.7238, "energy": 25.544308, "activity_lines": [ 8.863333, 9.070255, 8.724076, 8.476657 ] } ], "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." } } }