{
  "ticker": {
    "uuid": "f8e5fe50-b16e-4f77-8208-554a5519ba20",
    "symbol": "DUE",
    "name": "D\u00fcrr Aktiengesellschaft",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -57.937,
    "architecture_energy": 43.557,
    "architecture_maturity": 31.863,
    "architecture_confidence": 89.911,
    "architecture_tenure": "Developing",
    "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": 20.07,
        "rotation_up": 21.74,
        "upward_expansion": 6.51,
        "deceleration": 56.21,
        "rotation_down": 50.1,
        "downward_expansion": 77.51
      },
      "activity_lines": [
        18.004,
        18.162364,
        18.98641,
        19.372718
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 18.08,
    "trend_reference": 20.065466,
    "distance_from_trend": -0.098949,
    "trend_direction": "Weakening",
    "fair_value": 20.328416,
    "distance_from_fair_value": -0.110605,
    "fair_value_direction": "Weakening",
    "relative_strength": -26.60969,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.187067,
    "excess_performance": -0.361314,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.098949,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.026382,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.110605,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.16418,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.266097,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.162161,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.187067,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.859086,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1037,
      "relative_activity": 5.452156,
      "balance": 0.859086,
      "dry_up": 3.020505,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.063388,
      "annualized_volatility": 0.472378,
      "from_high_reference": -0.25035,
      "from_low_reference": 0.081725
    },
    "levels": {
      "trend_reference": 20.065466,
      "fair_value_reference": 20.328416,
      "structural_low": 16.714047,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 27,
        "median_return": -0.009331,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.007268,
        "regime_survival": 0.851852,
        "best_return": 0.197943,
        "worst_return": -0.174591,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.020608,
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        "regime_survival": 0.555556,
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        "worst_return": -0.232681,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.078301,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.333333,
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        "worst_return": -0.320197,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.091972,
        "sufficient": false
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        "volume": 0,
        "typical_volume": 209.75,
        "trend": 20.391266,
        "fair_value": 20.949974,
        "relative_strength": -15.945408,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 4.475032,
        "energy": 18.384746,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 22.047907,
        "volume": 377,
        "typical_volume": 228.6,
        "trend": 20.492038,
        "fair_value": 20.926749,
        "relative_strength": -10.393551,
        "stage": 3,
        "regime": "balance",
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        "gate": "mixed",
        "direction": 23.088927,
        "energy": 26.120154,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 19.785349,
        "volume": 372,
        "typical_volume": 247.2,
        "trend": 20.530229,
        "fair_value": 20.887276,
        "relative_strength": -18.725528,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -3.203689,
        "energy": 8.132358,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 20.700001,
        "volume": 0,
        "typical_volume": 244.7,
        "trend": 20.557508,
        "fair_value": 20.858668,
        "relative_strength": -16.189984,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.625618,
        "energy": 9.143367,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 20.950001,
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        "typical_volume": 269.7,
        "trend": 20.609167,
        "fair_value": 20.828173,
        "relative_strength": -16.851517,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.427845,
        "energy": 11.209548,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 20.25,
        "volume": 0,
        "typical_volume": 261.2,
        "trend": 20.664771,
        "fair_value": 20.790865,
        "relative_strength": -18.112224,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -2.868424,
        "energy": 5.135001,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 19.34,
        "volume": 0,
        "typical_volume": 261.2,
        "trend": 20.653136,
        "fair_value": 20.730512,
        "relative_strength": -23.212333,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 26.992691,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 19.6,
        "volume": 0,
        "typical_volume": 244.4,
        "trend": 20.712748,
        "fair_value": 20.685315,
        "relative_strength": -24.711732,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.022046,
        "energy": 40.069571,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 17.76,
        "volume": 150,
        "typical_volume": 250.05,
        "trend": 20.680218,
        "fair_value": 20.625998,
        "relative_strength": -29.768956,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -74.946211,
        "energy": 69.151453,
        "activity_lines": [
          19.111333,
          19.754136,
          19.977278,
          20.333723
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      },
      {
        "date": "2026-07-03",
        "close": 18.52,
        "volume": 0,
        "typical_volume": 229.05,
        "trend": 20.642853,
        "fair_value": 20.580159,
        "relative_strength": -27.807432,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.575395,
        "energy": 70.292616,
        "activity_lines": [
          18.758,
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          19.808933,
          20.194354
        ]
      },
      {
        "date": "2026-07-10",
        "close": 17.1,
        "volume": 55,
        "typical_volume": 231.8,
        "trend": 20.534086,
        "fair_value": 20.52952,
        "relative_strength": -31.68872,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.733472,
        "energy": 82.530401,
        "activity_lines": [
          18.093333,
          18.941247,
          19.524443,
          19.965783
        ]
      },
      {
        "date": "2026-07-17",
        "close": 18.280001,
        "volume": 0,
        "typical_volume": 208.6,
        "trend": 20.475884,
        "fair_value": 20.481445,
        "relative_strength": -24.800596,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.590114,
        "energy": 75.256311,
        "activity_lines": [
          18.032,
          18.700279,
          19.384376,
          19.820358
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.16,
        "volume": 1150,
        "typical_volume": 150.85,
        "trend": 20.359125,
        "fair_value": 20.432949,
        "relative_strength": -25.531695,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.12956,
        "energy": 67.474928,
        "activity_lines": [
          18.001334,
          18.506,
          19.258159,
          19.670946
        ]
      },
      {
        "date": "2026-07-31",
        "close": 17.879999,
        "volume": 111,
        "typical_volume": 146.85,
        "trend": 20.223404,
        "fair_value": 20.376029,
        "relative_strength": -25.959419,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.40888,
        "energy": 58.25378,
        "activity_lines": [
          17.973333,
          18.290364,
          19.11141,
          19.511002
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.08,
        "volume": 1037,
        "typical_volume": 190.2,
        "trend": 20.065466,
        "fair_value": 20.328416,
        "relative_strength": -26.60969,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.936802,
        "energy": 43.557331,
        "activity_lines": [
          18.004,
          18.162364,
          18.98641,
          19.372718
        ]
      }
    ],
    "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."
    }
  }
}