{
  "ticker": {
    "uuid": "eca59462-6356-4597-a7cb-dd35cba680dc",
    "symbol": "HP3A",
    "name": "Ringmetall SE",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 83.465,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": 0.168,
    "architecture_energy": 3.796,
    "architecture_maturity": 14.873,
    "architecture_confidence": 43.691,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 71.81,
        "rotation_up": 20.24,
        "upward_expansion": 26.6,
        "deceleration": 68.31,
        "rotation_down": 33.99,
        "downward_expansion": 19.93
      },
      "activity_lines": [
        2.694667,
        2.711038,
        2.686681,
        2.684079
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 2.7,
    "trend_reference": 2.693111,
    "distance_from_trend": 0.002558,
    "trend_direction": "Weakening",
    "fair_value": 2.90811,
    "distance_from_fair_value": -0.071562,
    "fair_value_direction": "Improving",
    "relative_strength": -8.911358,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.00693,
    "excess_performance": -0.05771,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.002558,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.002338,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.071562,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.038082,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.089114,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.002317,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.00693,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.196616,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 17603,
      "relative_activity": 1.023487,
      "balance": 4.196616,
      "dry_up": 0.806803,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.049516,
      "annualized_volatility": 0.226613,
      "from_high_reference": -0.12523,
      "from_low_reference": 0.07664
    },
    "levels": {
      "trend_reference": 2.693111,
      "fair_value_reference": 2.90811,
      "structural_low": 2.507801,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 20,
        "median_return": -0.014767,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.009644,
        "regime_survival": 0.5,
        "best_return": 0.143835,
        "worst_return": -0.151064,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.014955,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.058998,
        "regime_survival": 0.3,
        "best_return": 0.212903,
        "worst_return": -0.187033,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.006223,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.013412,
        "regime_survival": 0.0,
        "best_return": 0.236842,
        "worst_return": -0.306383,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.103414,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.270642,
        "regime_survival": 0.0,
        "best_return": 0.072556,
        "worst_return": -0.131739,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-24",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": -0.065041,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-28",
        "end": "2025-03-14",
        "tenure": "New",
        "return": 0.052632,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.123626,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-11",
        "end": "2025-04-18",
        "tenure": "New",
        "return": -0.035928,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-25",
        "end": "2025-05-09",
        "tenure": "New",
        "return": -0.090909,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-05-16",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.04375,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.006135,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": -0.019108,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-22",
        "end": "2026-02-13",
        "tenure": "Established",
        "return": -0.051948,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": -0.09589,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-08",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": 0.022222,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-19",
        "end": "2026-06-26",
        "tenure": "New",
        "return": -0.041379,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-03",
        "end": "2026-07-17",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 2.690058,
        "volume": 28893,
        "typical_volume": 61582.7,
        "trend": 3.176676,
        "fair_value": 3.194433,
        "relative_strength": -26.499378,
        "stage": 4,
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        "direction": -63.062368,
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        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      {
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      {
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      },
      {
        "date": "2023-09-22",
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 23165.45,
        "trend": 2.725787,
        "fair_value": 2.932639,
        "relative_strength": -7.628489,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -47.169574,
        "energy": 27.170718,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "energy": 33.1343,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "stage": 4,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 22002.75,
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        "energy": 33.266579,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 25875.4,
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      },
      {
        "date": "2026-05-29",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 1005,
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        "gate": "down",
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        "energy": 18.066703,
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      },
      {
        "date": "2026-06-12",
        "close": 2.662127,
        "volume": 453,
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        "trend": 2.684633,
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        "relative_strength": -6.619237,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": 0.52551,
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        "gate": "mixed",
        "direction": 30.364422,
        "energy": 22.913696,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 2.78,
        "volume": 11,
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        "trend": 2.690061,
        "fair_value": 2.912982,
        "relative_strength": -2.1356,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.455718,
        "energy": 32.443275,
        "activity_lines": [
          2.757135,
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          2.672186,
          2.681539
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      },
      {
        "date": "2026-07-03",
        "close": 2.7,
        "volume": 1151,
        "typical_volume": 16889.6,
        "trend": 2.688109,
        "fair_value": 2.911298,
        "relative_strength": -8.630807,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 15.072652,
        "energy": 33.15078,
        "activity_lines": [
          2.752473,
          2.703611,
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          2.68218
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      },
      {
        "date": "2026-07-10",
        "close": 2.7,
        "volume": 13077,
        "typical_volume": 17148.0,
        "trend": 2.689371,
        "fair_value": 2.910663,
        "relative_strength": -5.700471,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 15.6643,
        "energy": 29.687166,
        "activity_lines": [
          2.740142,
          2.710004,
          2.676015,
          2.682947
        ]
      },
      {
        "date": "2026-07-17",
        "close": 2.7,
        "volume": 9080,
        "typical_volume": 17387.45,
        "trend": 2.690633,
        "fair_value": 2.910144,
        "relative_strength": -4.496189,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 10.612902,
        "energy": 10.339392,
        "activity_lines": [
          2.724,
          2.713604,
          2.678761,
          2.683633
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2.7,
        "volume": 5395,
        "typical_volume": 16484.25,
        "trend": 2.69061,
        "fair_value": 2.909043,
        "relative_strength": -5.197754,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.387292,
        "energy": 4.374931,
        "activity_lines": [
          2.705333,
          2.715464,
          2.682154,
          2.684237
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.68,
        "volume": 23427,
        "typical_volume": 16704.1,
        "trend": 2.691849,
        "fair_value": 2.908629,
        "relative_strength": -7.498044,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -8.105768,
        "energy": 6.984739,
        "activity_lines": [
          2.693333,
          2.711946,
          2.683278,
          2.683553
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.7,
        "volume": 17603,
        "typical_volume": 17199.05,
        "trend": 2.693111,
        "fair_value": 2.90811,
        "relative_strength": -8.911358,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.167998,
        "energy": 3.795848,
        "activity_lines": [
          2.694667,
          2.711038,
          2.686681,
          2.684079
        ]
      }
    ],
    "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."
    }
  }
}