{
  "ticker": {
    "uuid": "ffee86d5-0d44-40c8-b4f6-c63202e9e744",
    "symbol": "HUBN",
    "name": "Huber+Suhner AG",
    "exchange": "EBS",
    "country": "CH",
    "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": "2026-08-21",
    "benchmark": "^SSMI",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 75.846,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -50.044,
    "architecture_energy": 48.2,
    "architecture_maturity": 24.081,
    "architecture_confidence": 68.436,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 21.99,
        "rotation_up": 17.51,
        "upward_expansion": 20.26,
        "deceleration": 61.04,
        "rotation_down": 68.71,
        "downward_expansion": 47.59
      },
      "activity_lines": [
        186.999996,
        192.219997,
        213.252855,
        213.199311
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 165.399994,
    "trend_reference": 206.881119,
    "distance_from_trend": -0.200507,
    "trend_direction": "Improving",
    "fair_value": 108.488113,
    "distance_from_fair_value": 0.524591,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.365259,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.081255,
    "excess_performance": -0.124345,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.200507,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.09696,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.524591,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.235983,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.153653,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.847298,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.081255,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.097483,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 632178,
      "relative_activity": 3.309094,
      "balance": 1.097483,
      "dry_up": 1.635936,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.104874,
      "annualized_volatility": 0.530879,
      "from_high_reference": -0.425694,
      "from_low_reference": 0.556905
    },
    "levels": {
      "trend_reference": 206.881119,
      "fair_value_reference": 108.488113,
      "structural_low": 159.453525,
      "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": 4,
        "median_return": 0.035063,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.007227,
        "regime_survival": 0.25,
        "best_return": 0.057796,
        "worst_return": -0.009321,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.018088,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.061374,
        "regime_survival": 0.0,
        "best_return": 0.038615,
        "worst_return": 0.01143,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.087487,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.04814,
        "regime_survival": 0.0,
        "best_return": 0.125323,
        "worst_return": -0.108187,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.505002,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.414807,
        "regime_survival": 0.0,
        "best_return": 0.999881,
        "worst_return": 0.010124,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.015312,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": 0.002407,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-01",
        "end": "2024-11-22",
        "tenure": "New",
        "return": -0.057598,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-29",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.001331,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": 0.045153,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-21",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.04918,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.158631,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.005135,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "violet",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.061635,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-13",
        "end": "2026-03-27",
        "tenure": "Extended",
        "return": 1.047226,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-03",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.11172,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-17",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": 0.009195,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.146119,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-31",
        "end": "2026-08-21",
        "tenure": "New",
        "return": -0.126716,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-09-01",
        "close": 63.544407,
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        "typical_volume": 101535.85,
        "trend": 71.188333,
        "fair_value": 71.283255,
        "relative_strength": -14.804176,
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      },
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      },
      {
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      },
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      },
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      },
      {
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        "date": "2026-05-08",
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      {
        "date": "2026-07-17",
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      },
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        "date": "2026-07-24",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-31",
        "close": 189.399994,
        "volume": 202970,
        "typical_volume": 164458.95,
        "trend": 203.082095,
        "fair_value": 106.073998,
        "relative_strength": -0.587032,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.766178,
        "energy": 59.291058,
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          190.626663,
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      },
      {
        "date": "2026-08-07",
        "close": 197.399994,
        "volume": 184062,
        "typical_volume": 164059.25,
        "trend": 204.656916,
        "fair_value": 106.897046,
        "relative_strength": 1.568151,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.621167,
        "energy": 65.703866,
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          191.426662,
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      },
      {
        "date": "2026-08-14",
        "close": 205.0,
        "volume": 230924,
        "typical_volume": 166274.75,
        "trend": 206.234482,
        "fair_value": 107.820709,
        "relative_strength": 5.792275,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.941621,
        "energy": 42.648262,
        "activity_lines": [
          196.199997,
          200.299997,
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        ]
      },
      {
        "date": "2026-08-21",
        "close": 165.399994,
        "volume": 632178,
        "typical_volume": 191042.65,
        "trend": 206.881119,
        "fair_value": 108.488113,
        "relative_strength": -15.365259,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -50.044168,
        "energy": 48.200181,
        "activity_lines": [
          186.999996,
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      }
    ],
    "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."
    }
  }
}