{ "ticker": { "uuid": "091a72cd-2c69-4b46-b3c4-140ad0174097", "symbol": "NOA3", "name": "Nokia Oyj", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -30.627, "architecture_energy": 45.083, "architecture_maturity": 42.24, "architecture_confidence": 58.855, "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": 32.89, "rotation_up": 14.02, "upward_expansion": 19.57, "deceleration": 62.12, "rotation_down": 71.39, "downward_expansion": 46.91 }, "activity_lines": [ 8.371139, 9.453371, 10.309357, 9.787421 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 8.162, "trend_reference": 8.834519, "distance_from_trend": -0.076124, "trend_direction": "Improving", "fair_value": 4.798972, "distance_from_fair_value": 0.700781, "fair_value_direction": "Weakening", "relative_strength": 6.460836, "relative_strength_direction": "Weakening", "price_momentum": 0.385827, "excess_performance": 0.321187, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.076124, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.231956, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.700781, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.913334, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.064608, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.920038, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.385827, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.433578, "read": "Supply-led" } ], "volume": { "latest": 4241505, "relative_activity": 1.233152, "balance": 0.433578, "dry_up": 1.760864, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.171056, "annualized_volatility": 0.535322, "from_high_reference": -0.42602, "from_low_reference": 1.365436 }, "levels": { "trend_reference": 8.834519, "fair_value_reference": 4.798972, "structural_low": 5.770159, "invalidation": "A 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"deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.534246, "energy": 29.38889, "activity_lines": [ 9.447645, 10.55832, 10.689317, 9.869469 ] }, { "date": "2026-07-31", "close": 7.978, "volume": 6591580, "typical_volume": 3311124.4, "trend": 8.747062, "fair_value": 4.76742, "relative_strength": 8.04769, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.476907, "energy": 37.340057, "activity_lines": [ 8.767672, 9.941236, 10.492575, 9.825167 ] }, { "date": "2026-08-07", "close": 8.162, "volume": 4241505, "typical_volume": 3439562.8, "trend": 8.834519, "fair_value": 4.798972, "relative_strength": 6.460836, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.626564, "energy": 45.083433, "activity_lines": [ 8.371139, 9.453371, 10.309357, 9.787421 ] } ], "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." } } }