{
  "ticker": {
    "uuid": "ec324976-33d5-48b8-9e38-53c138c6988c",
    "symbol": "E4C",
    "name": "ecotel communication 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": 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": -62.018,
    "architecture_energy": 58.279,
    "architecture_maturity": 97.784,
    "architecture_confidence": 96,
    "architecture_tenure": "Extended",
    "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": 12.6,
        "rotation_up": 27.63,
        "upward_expansion": 10.6,
        "deceleration": 47.79,
        "rotation_down": 50.17,
        "downward_expansion": 81.6
      },
      "activity_lines": [
        7.043333,
        7.084545,
        7.306429,
        7.590108
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 7.1,
    "trend_reference": 8.295,
    "distance_from_trend": -0.144063,
    "trend_direction": "Weakening",
    "fair_value": 12.689805,
    "distance_from_fair_value": -0.440496,
    "fair_value_direction": "Weakening",
    "relative_strength": -35.670758,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.387931,
    "excess_performance": -0.452571,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.144063,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.165353,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.440496,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.040079,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.356708,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.067091,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.387931,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.188167,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 240,
      "relative_activity": 0.084522,
      "balance": 0.188167,
      "dry_up": 0.122645,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.042795,
      "annualized_volatility": 0.479141,
      "from_high_reference": -0.538961,
      "from_low_reference": 0.154472
    },
    "levels": {
      "trend_reference": 8.295,
      "fair_value_reference": 12.689805,
      "structural_low": 6.15,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": -0.030303,
        "positive_rate": 0.347826,
        "directional_follow_through": 0.652174,
        "median_excess_return": -0.033854,
        "regime_survival": 0.869565,
        "best_return": 0.159091,
        "worst_return": -0.301587,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.073757,
        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.102395,
        "regime_survival": 0.625,
        "best_return": 0.13738,
        "worst_return": -0.239837,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.048128,
        "positive_rate": 0.2,
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        "median_excess_return": -0.117837,
        "regime_survival": 0.6,
        "best_return": 0.072523,
        "worst_return": -0.382114,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.118865,
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        "worst_return": -0.256568,
        "sufficient": false
      }
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      {
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      },
      {
        "date": "2026-05-01",
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        "fair_value": 13.980159,
        "relative_strength": -36.612409,
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      },
      {
        "date": "2026-05-08",
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        "energy": 46.366685,
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      },
      {
        "date": "2026-05-15",
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        "volume": 5035,
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        "energy": 38.085657,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "trend": 10.118333,
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        "stage": 4,
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        "gate": "down",
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        "energy": 34.346636,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "date": "2026-06-05",
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        "relative_strength": -33.836188,
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        "activity_lines": [
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        "date": "2026-06-12",
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        "gate": "down",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -34.302326,
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        "gate": "down",
        "direction": -68.488478,
        "energy": 65.102113,
        "activity_lines": [
          7.44,
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          8.312581
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      },
      {
        "date": "2026-07-03",
        "close": 6.9,
        "volume": 601,
        "typical_volume": 3921.3,
        "trend": 9.108333,
        "fair_value": 13.046085,
        "relative_strength": -39.8662,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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      },
      {
        "date": "2026-07-10",
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        "volume": 1813,
        "typical_volume": 3875.7,
        "trend": 8.943333,
        "fair_value": 12.962069,
        "relative_strength": -37.00538,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.397654,
        "energy": 77.535413,
        "activity_lines": [
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          7.489762,
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      },
      {
        "date": "2026-07-17",
        "close": 7.0,
        "volume": 393,
        "typical_volume": 3617.65,
        "trend": 8.78,
        "fair_value": 12.891413,
        "relative_strength": -35.232038,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.715895,
        "energy": 80.974711,
        "activity_lines": [
          7.033333,
          7.242727,
          7.423571,
          7.893871
        ]
      },
      {
        "date": "2026-07-24",
        "close": 7.0,
        "volume": 0,
        "typical_volume": 3384.6,
        "trend": 8.616667,
        "fair_value": 12.81924,
        "relative_strength": -35.197054,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.851911,
        "energy": 81.976334,
        "activity_lines": [
          6.996667,
          7.160909,
          7.369048,
          7.779032
        ]
      },
      {
        "date": "2026-07-31",
        "close": 7.05,
        "volume": 760,
        "typical_volume": 3284.5,
        "trend": 8.461667,
        "fair_value": 12.751027,
        "relative_strength": -35.224997,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.09565,
        "energy": 63.995888,
        "activity_lines": [
          7.003333,
          7.111818,
          7.330476,
          7.677957
        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.1,
        "volume": 240,
        "typical_volume": 2839.5,
        "trend": 8.295,
        "fair_value": 12.689805,
        "relative_strength": -35.670758,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.017932,
        "energy": 58.278943,
        "activity_lines": [
          7.043333,
          7.084545,
          7.306429,
          7.590108
        ]
      }
    ],
    "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."
    }
  }
}