{
  "ticker": {
    "uuid": "ed4f479e-8ad4-414d-954a-abd51dda0a44",
    "symbol": "SOLB",
    "name": "Solvay SA",
    "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": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 61.751,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 57.058,
    "architecture_energy": 28.143,
    "architecture_maturity": 21.318,
    "architecture_confidence": 45.279,
    "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": 38.49,
        "rotation_up": 39.04,
        "upward_expansion": 66.58,
        "deceleration": 67.83,
        "rotation_down": 23.3,
        "downward_expansion": 6.91
      },
      "activity_lines": [
        26.492,
        26.488,
        26.316127,
        26.076269
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 26.92,
    "trend_reference": 25.737489,
    "distance_from_trend": 0.045945,
    "trend_direction": "Improving",
    "fair_value": 24.535569,
    "distance_from_fair_value": 0.097183,
    "fair_value_direction": "Improving",
    "relative_strength": -13.796101,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.072463,
    "excess_performance": -0.101784,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.045945,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.023868,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.097183,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.032511,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.137961,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.030652,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.072463,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.0,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 5.0,
      "dry_up": 4.08377,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.034883,
      "annualized_volatility": 0.237678,
      "from_high_reference": -0.034433,
      "from_low_reference": 0.198848
    },
    "levels": {
      "trend_reference": 25.737489,
      "fair_value_reference": 24.535569,
      "structural_low": 22.454898,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.022265,
        "positive_rate": 0.818182,
        "directional_follow_through": 0.818182,
        "median_excess_return": 0.022941,
        "regime_survival": 0.181818,
        "best_return": 0.198611,
        "worst_return": -0.065522,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.046587,
        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
        "median_excess_return": 0.066287,
        "regime_survival": 0.222222,
        "best_return": 0.352338,
        "worst_return": -0.044444,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.192478,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.174892,
        "regime_survival": 0.166667,
        "best_return": 0.367905,
        "worst_return": -0.040816,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.41074,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.211965,
        "regime_survival": 0.0,
        "best_return": 0.925104,
        "worst_return": -0.11175,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-15",
        "end": "2024-02-09",
        "tenure": "Developing",
        "return": -0.021233,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-16",
        "end": "2024-04-05",
        "tenure": "Developing",
        "return": 0.192371,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-12",
        "end": "2024-08-09",
        "tenure": "Established",
        "return": 0.087126,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.124232,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "start": "2024-10-04",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.131077,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-22",
        "end": "2024-12-13",
        "tenure": "New",
        "return": 0.028793,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-20",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.009839,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-03-07",
        "tenure": "Developing",
        "return": 0.137965,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-03-14",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.123832,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-11",
        "end": "2025-08-08",
        "tenure": "Established",
        "return": -0.004764,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-15",
        "end": "2026-02-06",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-13",
        "end": "2026-04-24",
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        "return": -0.023421,
        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
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        "return": 0.025133,
        "active": true
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        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.970384,
        "energy": 52.153868,
        "activity_lines": [
          26.135636,
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          25.424013,
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 25.119999,
        "volume": 150,
        "typical_volume": 364.1,
        "trend": 25.097685,
        "fair_value": 23.594129,
        "relative_strength": -16.861273,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 43.826385,
        "energy": 27.588909,
        "activity_lines": [
          25.816832,
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      },
      {
        "date": "2026-05-15",
        "close": 25.119999,
        "volume": 0,
        "typical_volume": 364.1,
        "trend": 25.087631,
        "fair_value": 23.65823,
        "relative_strength": -16.030308,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 27.837285,
        "energy": 12.302953,
        "activity_lines": [
          25.510629,
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      },
      {
        "date": "2026-05-22",
        "close": 26.16,
        "volume": 0,
        "typical_volume": 364.1,
        "trend": 25.089769,
        "fair_value": 23.729044,
        "relative_strength": -13.853512,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 37.224464,
        "energy": 15.836864,
        "activity_lines": [
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          25.318223
        ]
      },
      {
        "date": "2026-05-29",
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        "volume": 0,
        "typical_volume": 364.1,
        "trend": 25.137495,
        "fair_value": 23.80281,
        "relative_strength": -16.891757,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 13.228623,
        "activity_lines": [
          25.677451,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 26.02,
        "volume": 0,
        "typical_volume": 215.65,
        "trend": 25.201177,
        "fair_value": 23.871052,
        "relative_strength": -14.624026,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.760102,
        "energy": 17.940154,
        "activity_lines": [
          25.798666,
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          25.418399
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      },
      {
        "date": "2026-06-12",
        "close": 26.959999,
        "volume": 0,
        "typical_volume": 213.65,
        "trend": 25.265213,
        "fair_value": 23.944482,
        "relative_strength": -13.390934,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.373347,
        "energy": 46.631507,
        "activity_lines": [
          26.24,
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      },
      {
        "date": "2026-06-19",
        "close": 27.48,
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        "fair_value": 24.028585,
        "relative_strength": -14.705618,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 68.671469,
        "energy": 61.787789,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 26.620001,
        "volume": 0,
        "typical_volume": 178.65,
        "trend": 25.398677,
        "fair_value": 24.105278,
        "relative_strength": -15.141606,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.058034,
        "energy": 61.597406,
        "activity_lines": [
          26.78,
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          26.027655,
          25.75727
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      },
      {
        "date": "2026-07-03",
        "close": 26.440001,
        "volume": 0,
        "typical_volume": 84.65,
        "trend": 25.456921,
        "fair_value": 24.181952,
        "relative_strength": -17.105497,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.108583,
        "energy": 58.723042,
        "activity_lines": [
          26.737334,
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          25.824452
        ]
      },
      {
        "date": "2026-07-10",
        "close": 26.0,
        "volume": 0,
        "typical_volume": 77.15,
        "trend": 25.496853,
        "fair_value": 24.252531,
        "relative_strength": -16.805567,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.017579,
        "energy": 37.627199,
        "activity_lines": [
          26.502667,
          26.400364,
          26.106672,
          25.85949
        ]
      },
      {
        "date": "2026-07-17",
        "close": 26.0,
        "volume": 0,
        "typical_volume": 24.65,
        "trend": 25.553187,
        "fair_value": 24.325156,
        "relative_strength": -14.640123,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 35.139004,
        "energy": 16.730295,
        "activity_lines": [
          26.269334,
          26.369818,
          26.125366,
          25.891951
        ]
      },
      {
        "date": "2026-07-24",
        "close": 26.26,
        "volume": 0,
        "typical_volume": 22.0,
        "trend": 25.606645,
        "fair_value": 24.393867,
        "relative_strength": -14.374072,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.216035,
        "energy": 16.698445,
        "activity_lines": [
          26.186667,
          26.370546,
          26.168861,
          25.937552
        ]
      },
      {
        "date": "2026-07-31",
        "close": 26.5,
        "volume": 1248,
        "typical_volume": 76.4,
        "trend": 25.663245,
        "fair_value": 24.461233,
        "relative_strength": -13.072981,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.615965,
        "energy": 16.435845,
        "activity_lines": [
          26.265333,
          26.394182,
          26.226365,
          25.995188
        ]
      },
      {
        "date": "2026-08-07",
        "close": 26.92,
        "volume": 0,
        "typical_volume": 76.4,
        "trend": 25.737489,
        "fair_value": 24.535569,
        "relative_strength": -13.796101,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.057758,
        "energy": 28.142738,
        "activity_lines": [
          26.492,
          26.488,
          26.316127,
          26.076269
        ]
      }
    ],
    "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."
    }
  }
}