{
  "ticker": {
    "uuid": "f4b4125c-e66f-41e9-a6a2-304d48538205",
    "symbol": "PRX",
    "name": "Prosus N.V.",
    "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": 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": -11.296,
    "architecture_energy": 9.866,
    "architecture_maturity": 100.0,
    "architecture_confidence": 36.693,
    "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": 55.91,
        "rotation_up": 31.28,
        "upward_expansion": 19.52,
        "deceleration": 43.92,
        "rotation_down": 21.24,
        "downward_expansion": 55.85
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 42.169998,
    "trend_reference": 41.803667,
    "distance_from_trend": 0.008763,
    "trend_direction": "Weakening",
    "fair_value": 39.426198,
    "distance_from_fair_value": 0.069593,
    "fair_value_direction": "Weakening",
    "relative_strength": -29.384255,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.083161,
    "excess_performance": -0.257408,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.008763,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.11265,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.069593,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.004539,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.293843,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.006192,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.083161,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.002858,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 2.002858,
      "dry_up": 0.7245,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.057916,
      "annualized_volatility": 0.397701,
      "from_high_reference": -0.337366,
      "from_low_reference": 0.15661
    },
    "levels": {
      "trend_reference": 41.803667,
      "fair_value_reference": 39.426198,
      "structural_low": 36.459999,
      "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": 25,
        "median_return": -0.034158,
        "positive_rate": 0.44,
        "directional_follow_through": 0.56,
        "median_excess_return": -0.035414,
        "regime_survival": 0.8,
        "best_return": 0.276834,
        "worst_return": -0.128738,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.168136,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.6,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "rotation_down",
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        "regime": "rotation_up",
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        "active": false
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 39.373897,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "volume": 0,
        "typical_volume": 108.8,
        "trend": 49.039021,
        "fair_value": 38.691696,
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        "energy": 35.370288,
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      },
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        "date": "2026-05-15",
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        "modifier": "Established contraction",
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        "direction": -70.421069,
        "energy": 50.181074,
        "activity_lines": [
          40.894667,
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          42.497691,
          44.871898
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      },
      {
        "date": "2026-05-22",
        "close": 39.09,
        "volume": 459,
        "typical_volume": 131.75,
        "trend": 47.7975,
        "fair_value": 38.803532,
        "relative_strength": -34.350228,
        "stage": 4,
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        "energy": 52.227839,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 38.965,
        "volume": 774,
        "typical_volume": 170.45,
        "trend": 47.110667,
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        "relative_strength": -35.850275,
        "stage": 4,
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        "energy": 51.121397,
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      },
      {
        "date": "2026-06-05",
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        "trend": 46.481,
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        "relative_strength": -32.343503,
        "stage": 4,
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        "direction": -60.317334,
        "energy": 46.789476,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 39.404999,
        "volume": 0,
        "typical_volume": 170.45,
        "trend": 45.800167,
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        "relative_strength": -35.219547,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "trend": 44.657833,
        "fair_value": 39.099209,
        "relative_strength": -38.638943,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.437108,
        "energy": 57.460568,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 37.029999,
        "volume": 0,
        "typical_volume": 169.2,
        "trend": 44.1485,
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        "relative_strength": -40.260993,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.194015,
        "energy": 72.157925,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 4905,
        "typical_volume": 414.45,
        "trend": 43.673167,
        "fair_value": 39.214389,
        "relative_strength": -34.58791,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.168394,
        "energy": 50.606525,
        "activity_lines": [
          38.364999,
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          39.71969,
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      },
      {
        "date": "2026-07-17",
        "close": 38.605,
        "volume": 1036,
        "typical_volume": 456.75,
        "trend": 43.182,
        "fair_value": 39.26676,
        "relative_strength": -34.471685,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.713751,
        "energy": 44.506678,
        "activity_lines": [
          38.422333,
          38.656454,
          39.530238,
          40.733247
        ]
      },
      {
        "date": "2026-07-24",
        "close": 36.84,
        "volume": 180,
        "typical_volume": 465.75,
        "trend": 42.657,
        "fair_value": 39.297989,
        "relative_strength": -37.627617,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.320604,
        "energy": 46.454407,
        "activity_lines": [
          37.944666,
          38.288818,
          39.197047,
          40.324086
        ]
      },
      {
        "date": "2026-07-31",
        "close": 39.970001,
        "volume": 0,
        "typical_volume": 438.7,
        "trend": 42.184667,
        "fair_value": 39.351062,
        "relative_strength": -31.679858,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.667554,
        "energy": 24.734346,
        "activity_lines": [
          38.626333,
          38.537636,
          39.185928,
          40.150731
        ]
      },
      {
        "date": "2026-08-07",
        "close": 42.169998,
        "volume": 0,
        "typical_volume": 419.6,
        "trend": 41.803667,
        "fair_value": 39.426198,
        "relative_strength": -29.384255,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -11.296368,
        "energy": 9.866134,
        "activity_lines": [
          39.875333,
          39.170454,
          39.416928,
          40.149785
        ]
      }
    ],
    "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."
    }
  }
}