{ "ticker": { "uuid": "04608a5a-5ff1-4f09-91e0-a457cf86d895", "symbol": "NANOFS", "name": "Nanoform Finland Oyj", "exchange": "STO", "country": "SE", "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": "^OMX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Momentum cooling", "architecture_gate": "up", "architecture_direction": 68.951, "architecture_energy": 47.303, "architecture_maturity": 30.0, "architecture_confidence": 83.635, "architecture_tenure": "Developing", "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": 39.2, "rotation_up": 55.31, "upward_expansion": 78.13, "deceleration": 55.25, "rotation_down": 17.52, "downward_expansion": 7.13 }, "activity_lines": [ 9.672667, 9.345091, 8.953714, 8.485032 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 10.7, "trend_reference": 8.240977, "distance_from_trend": 0.29839, "trend_direction": "Weakening", "fair_value": 15.807726, "distance_from_fair_value": -0.323116, "fair_value_direction": "Improving", "relative_strength": -0.289335, "relative_strength_direction": "Improving", "price_momentum": 0.186253, "excess_performance": 0.124758, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.29839, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.077431, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.323116, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.28755, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.002893, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.396318, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.186253, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.645638, "read": "Demand-led" } ], "volume": { "latest": 91960, "relative_activity": 0.809091, "balance": 1.645638, "dry_up": 0.353032, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.139971, "annualized_volatility": 1.049211, "from_high_reference": -0.296978, "from_low_reference": 1.581423 }, "levels": { "trend_reference": 8.240977, "fair_value_reference": 15.807726, "structural_low": 4.145, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": -0.065606, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.091724, "regime_survival": 0.666667, "best_return": 0.267773, "worst_return": -0.209119, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.410063, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.430386, "regime_survival": 0.0, "best_return": -0.410063, "worst_return": -0.410063, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.425157, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.473277, "regime_survival": 0.0, "best_return": -0.425157, "worst_return": -0.425157, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.591824, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.601513, "regime_survival": 0.0, "best_return": -0.591824, "worst_return": -0.591824, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-01-26", "end": "2024-02-02", "tenure": "New", "return": 0.235714, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-09", "end": "2024-03-22", "tenure": "Developing", "return": -0.154971, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-29", "end": "2024-05-10", "tenure": "Developing", "return": -0.275157, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-17", "end": "2024-07-05", "tenure": "Developing", "return": -0.152083, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-12", "end": "2025-07-11", "tenure": "Extended", "return": -0.358921, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-18", "end": "2025-08-29", "tenure": "Developing", "return": -0.198606, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": 0.210526, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-10-10", "tenure": "New", "return": -0.063077, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": 0.083039, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", 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8.74, 9.128364, 8.41331, 8.210705 ] }, { "date": "2026-07-24", "close": 9.35, "volume": 28586, "typical_volume": 145641.55, "trend": 8.36831, "fair_value": 15.954649, "relative_strength": -11.196124, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 11.812385, "energy": 10.043494, "activity_lines": [ 8.922, 9.120182, 8.562857, 8.26804 ] }, { "date": "2026-07-31", "close": 9.28, "volume": 27618, "typical_volume": 132000.2, "trend": 8.24831, "fair_value": 15.873111, "relative_strength": -12.279174, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.587731, "energy": 21.781016, "activity_lines": [ 9.079333, 9.103818, 8.696786, 8.326859 ] }, { "date": "2026-08-07", "close": 10.7, "volume": 91960, "typical_volume": 113658.4, "trend": 8.240977, "fair_value": 15.807726, "relative_strength": -0.289335, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.951208, "energy": 47.302706, "activity_lines": [ 9.672667, 9.345091, 8.953714, 8.485032 ] } ], "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." } } }