{ "ticker": { "uuid": "04e195a2-934b-4144-86f0-b58b386ce800", "symbol": "BONEX", "name": "Bonesupport Holding AB (publ)", "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": 60.83, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 13.731, "architecture_energy": 13.673, "architecture_maturity": 18.841, "architecture_confidence": 70.402, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 49.19, "rotation_up": 30.19, "upward_expansion": 46.97, "deceleration": 68.36, "rotation_down": 31.57, "downward_expansion": 31.64 }, "activity_lines": [ 216.573335, 217.027274, 222.738096, 219.531398 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 223.600006, "trend_reference": 213.063334, "distance_from_trend": 0.049453, "trend_direction": "Improving", "fair_value": 249.586538, "distance_from_fair_value": -0.104118, "fair_value_direction": "Weakening", "relative_strength": -12.123083, "relative_strength_direction": "Improving", "price_momentum": 0.30379, "excess_performance": 0.242296, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.049453, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.046137, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.104118, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.050383, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.121231, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.030328, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.30379, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.845085, "read": "Supply-led" } ], "volume": { "latest": 1041617, "relative_activity": 0.950016, "balance": 0.845085, "dry_up": 1.114052, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.102243, "annualized_volatility": 0.587996, "from_high_reference": -0.30774, "from_low_reference": 0.355152 }, "levels": { "trend_reference": 213.063334, "fair_value_reference": 249.586538, "structural_low": 165.0, "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": 12, "median_return": 0.026413, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": 0.054124, "regime_survival": 0.583333, "best_return": 0.524943, "worst_return": -0.192996, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.193878, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.084285, "regime_survival": 0.2, "best_return": 0.499046, "worst_return": -0.26935, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.551176, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.513754, "regime_survival": 0.0, "best_return": 0.749701, "worst_return": -0.398142, 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225.89091, 226.331429, 219.103441 ] }, { "date": "2026-07-17", "close": 199.899994, "volume": 2112501, "typical_volume": 1233383.7, "trend": 209.613334, "fair_value": 248.049359, "relative_strength": -20.721064, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.046017, "energy": 8.363582, "activity_lines": [ 216.606667, 220.585454, 224.328571, 218.508602 ] }, { "date": "2026-07-24", "close": 203.800003, "volume": 1017001, "typical_volume": 1190179.45, "trend": 210.363334, "fair_value": 248.416666, "relative_strength": -19.338994, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.052616, "energy": 11.423717, "activity_lines": [ 212.600001, 216.510909, 222.709048, 218.133549 ] }, { "date": "2026-07-31", "close": 220.199997, "volume": 714756, "typical_volume": 1115763.55, "trend": 211.77, "fair_value": 248.986538, "relative_strength": -12.847934, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.684102, "energy": 13.083889, "activity_lines": [ 214.513333, 216.127273, 222.619048, 218.768172 ] }, { "date": "2026-08-07", "close": 223.600006, "volume": 1041617, "typical_volume": 1096420.05, "trend": 213.063334, "fair_value": 249.586538, "relative_strength": -12.123083, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.73057, "energy": 13.672501, "activity_lines": [ 216.573335, 217.027274, 222.738096, 219.531398 ] } ], "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." } } }