STO · Technology · Weekly analysis

TERRNT-B Elliott Wave report

Terranet AB

Latest close SEK 0.0945 Week ending 28 Aug 2026 History 276 weeks
Current reading

The wave count points to a decline

The selected pattern describes a move downward. Compare it with trend, momentum and the price levels below before drawing a conclusion.

82/100 Setup score 100/100 Data quality Triggered Setup status
A setup score is a measure of fit, not a probability or price forecast.
How to use this report

Start with price. Read the selected pattern and the weekly closing levels beside the chart. “Confirm” means a move supports that interpretation; it does not guarantee a return.

Compare the evidence. A wave count can disagree with the trend, momentum or sector. The report points out those differences before looking at timing.

Check the limits. Timing windows are estimates, the last swing can move, and historical outcomes vary. Open the rules and data notes for more detail.

01 · Price & key levels

The pattern and the prices to watch

Selected wave countHurst crest risk

Numbers 1 to 5 label the successive legs of the selected wave pattern. The last point can still move.

Other readingsThe other readings support this direction

5 of 7 available readings support the downward wave interpretation; 2 lean against it. Agreement adds context, but does not guarantee the next move.

Main uncertaintyModerate count stability

The leading count changed 3 times across the last 9 checks. Keep the alternative interpretations in view.

Weekly price and wave pattern

Move across the chart to inspect a week. Turn on explanations for a guide to the marked points.

Weekly close30-week trendFair ValueConfirmationCount failureSelected pattern

The shaded area marks the selected pattern. Filled dots mark confirmed turns; the outlined dot is still forming. Prices use completed weeks; changing the chart range does not recalculate the count.

Weekly chart values
Prices in SEK · the history displayed on the chart
Week endingClose30-week trendFair Value
2023-09-080.11380.28720.8984
2023-09-150.11760.27350.8936
2023-09-220.11420.25860.8894
2023-09-290.09480.24360.8848
2023-10-060.08080.22930.8797
2023-10-130.07850.21780.8749
2023-10-200.07550.2060.8699
2023-10-270.07380.19190.8656
2023-11-030.0740.1790.8616
2023-11-100.07950.16770.8574
2023-11-170.07530.1560.8533
2023-11-240.0650.14450.8492
2023-12-010.05630.13280.845
2023-12-080.05490.1220.8414
2023-12-150.05170.1180.8371
2023-12-220.05260.11250.8321
2023-12-290.06110.10840.8267
2024-01-050.0790.10450.8207
2024-01-120.09170.10110.8132
2024-01-190.08710.09850.8043
2024-01-260.120.09660.7959
2024-02-020.1070.09420.7841
2024-02-090.120.09340.7662
2024-02-160.11740.09260.7502
2024-02-230.14960.09320.7392
2024-03-010.2080.09570.7304
2024-03-080.1930.09750.7206
2024-03-150.1990.09980.7108
2024-03-220.19380.10280.7017
2024-03-290.19320.10590.692
2024-04-050.1980.10870.6797
2024-04-120.200.11150.6667
2024-04-190.1980.11430.6548
2024-04-260.14820.11610.6425
2024-05-030.11980.11740.6301
2024-05-100.110.11840.6191
2024-05-170.0950.11910.6087
2024-05-240.09270.11970.5983
2024-05-310.10980.12090.5881
2024-06-070.11920.12220.5782
2024-06-140.10920.12330.5689
2024-06-210.11440.1250.5596
2024-06-280.1350.12760.5501
2024-07-050.14020.13050.5407
2024-07-120.1660.13430.5304
2024-07-190.1460.13740.5199
2024-07-260.1990.1420.5106
2024-08-020.2450.14750.5017
2024-08-090.21850.15170.4929
2024-08-160.23750.15680.4848
2024-08-230.31750.16330.4773
2024-08-300.3630.17190.4706
2024-09-060.3220.17860.4633
2024-09-130.2760.18390.4559
2024-09-200.2020.18560.4483
2024-09-270.2280.18630.4413
2024-10-040.21650.18710.4349
2024-10-110.22650.1880.4278
2024-10-180.1850.18770.4206
2024-10-250.17240.1870.4141
2024-11-010.15080.18540.4068
2024-11-080.1730.18450.3999
2024-11-150.2070.18480.3927
2024-11-220.16180.18530.3858
2024-11-290.1590.18660.3786
2024-12-060.150.18790.3725
2024-12-130.1490.18970.3668
2024-12-200.15760.19190.3609
2024-12-270.150.19320.3553
2025-01-030.1680.19490.3498
2025-01-100.1520.19630.3446
2025-01-170.140.19710.3387
2025-01-240.130.1970.3337
2025-01-310.12760.19660.3291
2025-02-070.11860.1950.3244
2025-02-140.120.19410.3207
2025-02-210.1130.19120.3172
2025-02-280.12480.18720.3142
2025-03-070.11560.18380.3107
2025-03-140.1220.180.3075
2025-03-210.10720.17290.3043
2025-03-280.10540.16440.2996
2025-04-040.0890.15660.295
2025-04-110.10280.15080.2908
2025-04-180.1070.14770.2866
2025-04-250.10760.14360.283
2025-05-020.10240.13980.2798
2025-05-090.09320.13540.2766
2025-05-160.09160.13230.2729
2025-05-230.09150.12960.2697
2025-05-300.09940.12790.2669
2025-06-060.09510.12530.2639
2025-06-130.11420.12220.2616
2025-06-200.10180.12020.2588
2025-06-270.11280.11860.2544
2025-07-040.1130.11740.2503
2025-07-110.1020.11580.2463
2025-07-180.09930.11390.2429
2025-07-250.110.11260.239
2025-08-010.09880.11030.2351
2025-08-080.0990.10850.2312
2025-08-150.10220.10720.2275
2025-08-220.09310.1060.2238
2025-08-290.0860.10460.22
2025-09-050.08990.10370.2165
2025-09-120.07690.10220.2131
2025-09-190.09080.10150.2101
2025-09-260.08840.10030.2076
2025-10-030.09090.09940.2049
2025-10-100.09960.09870.2024
2025-10-170.09630.09830.1997
2025-10-240.08240.09760.197
2025-10-310.08740.09750.1944
2025-11-070.08290.09680.1916
2025-11-140.08090.0960.189
2025-11-210.07970.0950.1864
2025-11-280.08160.09440.184
2025-12-050.07710.09380.1819
2025-12-120.07330.09320.1798
2025-12-190.07030.09250.1775
2025-12-260.0690.09150.1752
2026-01-020.06810.09060.1725
2026-01-090.07090.08910.1695
2026-01-160.06670.0880.1662
2026-01-230.06690.08640.1628
2026-01-300.07470.08520.1596
2026-02-060.07120.08410.1567
2026-02-130.06910.08310.1537
2026-02-200.06710.08170.1506
2026-02-270.06640.08060.1475
2026-03-060.06520.07950.1446
2026-03-130.06480.07830.1423
2026-03-200.06380.07730.14
2026-03-270.06160.07650.1372
2026-04-030.06170.07550.1347
2026-04-100.06080.0750.1324
2026-04-170.06280.07410.13
2026-04-240.080.07380.1279
2026-05-010.130.07510.1261
2026-05-080.1170.07570.1244
2026-05-150.130.07680.1242
2026-05-220.13220.07840.1236
2026-05-290.16520.0810.1235
2026-06-050.1440.08310.1232
2026-06-120.12260.08450.1227
2026-06-190.10880.08540.1224
2026-06-260.11560.08660.122
2026-07-030.11660.08790.1216
2026-07-100.1130.08920.1214
2026-07-170.10180.09030.1211
2026-07-240.09260.0910.1209
2026-07-310.09830.0920.1207
2026-08-070.1070.09320.1204
2026-08-140.1150.09490.1204
2026-08-210.0830.09540.1202
2026-08-280.09450.09610.1202
4-week return -3.9%
13-week return -42.8%
26-week return 42.3%
52-week return 9.9%
From 52-week high -52.8%
26-week volatility 120.4%
02 · Wave count

How the wave count fits

The chart uses a 16.0% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.

Scenario comparison

Compare the possible patterns

Possible bearish Wave 2 crestPrimary swing size · Leading33%
Possible bearish Wave 2 crestStrategic swing size33%
Possible bearish Wave 2 crestTactical swing size33%
Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.
Leading wave count

Possible bearish Wave 2 crest

33% evidence weight

The count below meets the required wave rules. The details show which swings and proportions support it. A valid pattern is still an interpretation of past price moves.

Confirm below 0.083 Fails above 0.115 Count stability Moderate · 52/100
Wave rules and proportions
PassWave 2 protects the Wave 1 originOrigin 0.115; Wave 2 0.0945.
GuidelineWave 2 retracement is proportionateRetraced 36% of Wave 1.
Strategic degreePossible bearish Wave 2 crest

Strategic degree uses a 24.0% weekly closing-price reversal threshold.

Primary degreePossible bearish Wave 2 crest

Primary degree uses a 16.0% weekly closing-price reversal threshold.

Tactical degreePossible bearish Wave 2 crest

Tactical degree uses a 11.2% weekly closing-price reversal threshold.

Active swing 13.9%

1 weeks · Forming

Nearest confirmed support 0.083

Pivot from 2026-08-21

Nearest confirmed resistance 0.115

Pivot from 2026-08-14

30-week trend 0.0961

Price is -1.6% from trend

Fair Value reference 0.1202

Price is -21.4% from Fair Value

52-week range position 28%

0.0535 low · 0.20 high

03 · Supporting evidence

Where the evidence agrees or disagrees

5 of 7 available readings support the downward wave interpretation; 2 lean against it. Agreement adds context, but does not guarantee the next move.

71% directional agreement

The other readings support this direction. 5 readings support the selected direction; 2 lean against it.

Trend

Price remains below its 30-week trend.

1.6% below trend
Cycle pressure

The medium-term pressure curve is not rising.

Falling
Cycle alignment

Several cycle lengths are weakening together.

Falling Stack
Relative strength

Underperforming its benchmark

-5.0
Market activity

Participation is supportive

+8.6
Market dynamics

Price and volume behaviour is weak

-0.6
30-week momentum

Medium-term momentum is positive

+26.5
Balance of readings Defensive

2 constructive, 5 weak and 0 neutral measures.

Agreement describes direction among the readings. It does not necessarily support the selected wave count.

Market activity

Whether participation is supporting the move.

Participation is supportive. This challenges the downward wave view.

Relative strength

Performance against the market benchmark.

Underperforming its benchmark. This supports the downward wave view.

30-week momentum

The pace of the medium-term price move.

Medium-term momentum is positive. This challenges the downward wave view.

Market dynamics

A separate scale prevents this lower-range measure being hidden by relative strength.

Price and volume behaviour is weak. This supports the downward wave view.

04 · Cycle timing

What cycle timing adds

Cycle estimates help describe timing. They do not set a date for the next price turn.

Cycle pressure is falling. A recovery in price needs support from the other readings.

Cycle repeat scores range from 0 to 49/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.

Pressure phaseFalling

Current medium-term pressure direction

Cycle agreementFalling Stack

25/100 constructive · 75/100 risk

Estimated next low19 weeks

Timing estimate, not a dated forecast

Estimated next high7 weeks

Timing estimate, not a dated forecast

Cycle pressure

Above zero is positive pressure; direction matters more than the absolute number.

Shorter and longer cycles

The thick line is the blended reading; thinner lines show 20, 40 and 80-week components.

An observed cycle is the repeat found in past prices. The repeat score describes how clearly it appears. FLD is a shifted price reference used to check a turn. Low timing scores can coexist with a positive price-cross check.

Typical / observed cycle10w / 8w
Current phaseFalling
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough5w
Possible next low0–8w
Typical / observed cycle20w / 22w
Current phaseFalling
Repeat score14/100
Price-cross check (FLD)Crossed Down
Since last trough3w
Possible next low15–23w
Typical / observed cycle40w / 30w
Current phaseCresting
Repeat score0/100
Price-cross check (FLD)Crossed Down
Since last trough31w
Possible next low17–41w
Typical / observed cycle80w / 98w
Current phaseTroughing
Repeat score49/100
Price-cross check (FLD)Crossed Up
Since last trough18w
Possible next low67–93w
05 · Risk

Risk behind the price move

Wave structure is easier to judge when drawdown, volatility and participation are visible beside it.

Risk in context

How much room price has to move

Price is 94.7% below the highest weekly close in the stored history. It is 52.8% below the 52-week high. The two figures use different reference points.

Largest contributors to the risk score

  • Cycle rollover

    Medium-term cycle pressure is falling.

  • Multi-cycle risk

    Hurst risk alignment is 75/100.

  • Count instability

    The primary interpretation has moderate recent stability.

Downside risk check

Contained

27/100
Wave maturity0/25
Trend extension0/20
Range position0/15
Cycle rollover11/15
Multi-cycle risk11/15
Count instability5/10
Event proximity0/10

This score combines the risk checks shown here. A higher score means more warning signs, not a measured probability of a fall.

52-week low0.0535
52-week high0.20
Annualised volatility120.4%

Based on the latest 26 weekly returns

Average weekly range17.9%

Average high-to-low range over 13 weeks

Current drawdown-94.7%

From the highest close in the stored record

Latest volume40%

Of its trailing 20-week average

Drawdown history

Distance below the highest prior weekly close.

Realised volatility

Annualised variability of the latest 26 weekly returns.

Relative volume

Weekly volume as a percentage of its 20-week average.

06 · Market context

Sector trends and upcoming events

Compare the pattern with other stocks in the sector, then check whether an event could change the price picture.

Sector breadth

Upward wave counts are not a majority among the analysed peers. That alone does not establish a downward sector trend.

33% constructive

8 of 24 analysed peers have a leading upward wave pattern.

46% have improving cycles Breadth shows whether peers share the structure. Cohort outcomes use non-overlapping, point-in-time trend and momentum states from the same sector and report benchmark excess return when matching benchmark bars exist; they are context, not a backtest of the Elliott count.
Earnings and options

Event information is limited

No additional warning is recorded. Missing event data does not rule out a surprise.

These are the latest stored event readings. Missing earnings or options data does not mean that event risk is absent.
Peer-state horizonNon-overlapping samplesPositiveMedianMedian excess vs ^OMXMiddle 80% of returns
4 weeks18149%-0.2%0.0%-12.4% to 14.8%
13 weeks10151%0.4%-1.0%-20.5% to 25.2%
26 weeks8244%-4.3%-3.7%-31.5% to 38.1%
07 · History

What happened after similar readings

After similar readings, the middle 4-week return was -5.1% across 69 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

70 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

4w
-5.1%
13w
-15.4%
26w
-19.8%
HorizonMatchesPositiveMedianRange
4 weeks 69 35% -5.1% -60.2% to 52.0%
13 weeks 68 29% -15.4% -68.1% to 242.5%
26 weeks 65 32% -19.8% -82.4% to 162.3%

Overlapping historical matches are descriptive context, not independent observations or a forecast.

Data quality, rules and limitations
Evidence quality100/100

This measures usable history, indicator coverage and confirmed swing points. It does not measure the chance of the scenario succeeding.

Weekly history
100/100
Indicator coverage
100/100
Confirmed structure
100/100
Model ewc-2.1.0 · as of 2026-08-28 · only the final active pivot is provisional; confirmed pivots are retained.
How the count is built

Rules and data notes

  • Swing points use weekly closes and a 16.0% adaptive reversal threshold.
  • The final swing is provisional until the reversal threshold is met.
  • Candidate counts must pass the Wave 2 origin, Wave 3 progression/length and Wave 4 overlap rules when those waves are present.
  • Fibonacci proportions and alternation rank valid candidates but never rescue a hard-rule failure.
  • Primary and alternate evidence weights compare admissible counts; they are not probabilities.
  • Nominal Hurst periods adapt to observed weekly rhythm. Future windows include measured timing uncertainty and require FLD or price confirmation.
Audit trail

Recent swing points

Dates and prices for the recent swings. The final point can still move.

DateStatusTypePriceMoveDuration
2024-11-01 Confirmed Low 0.1508 -58.5% 9 weeks
2024-11-15 Confirmed High 0.207 37.3% 2 weeks
2025-04-04 Confirmed Low 0.089 -57.0% 20 weeks
2025-06-13 Confirmed High 0.1142 28.3% 10 weeks
2025-09-12 Confirmed Low 0.0769 -32.7% 13 weeks
2025-10-10 Confirmed High 0.0996 29.5% 4 weeks
2026-04-10 Confirmed Low 0.0608 -39.0% 26 weeks
2026-05-29 Confirmed High 0.1652 171.7% 7 weeks
2026-07-24 Confirmed Low 0.0926 -43.9% 8 weeks
2026-08-14 Confirmed High 0.115 24.2% 3 weeks
2026-08-21 Confirmed Low 0.083 -27.8% 1 weeks
2026-08-28 Forming High 0.0945 13.9% 1 weeks

Chart guide

Evidence context