{ "ticker": { "uuid": "0cfb6c1e-fd9f-48cc-a111-490dcfa36b3f", "symbol": "NCC-A", "name": "NCC 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -66.092, "architecture_energy": 86.042, "architecture_maturity": 33.897, "architecture_confidence": 84.122, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 7.01, "rotation_up": 8.77, "upward_expansion": 21.7, "deceleration": 37.02, "rotation_down": 76.51, "downward_expansion": 95.03 }, "activity_lines": [ 172.5, 178.663636, 186.203297, 191.415132 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 174.5, "trend_reference": 199.136496, "distance_from_trend": -0.123717, "trend_direction": "Weakening", "fair_value": 159.075877, "distance_from_fair_value": 0.096961, "fair_value_direction": "Weakening", "relative_strength": -23.299778, "relative_strength_direction": "Weakening", "price_momentum": -0.219213, "excess_performance": -0.280708, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.123717, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.046279, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.096961, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.22489, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.232998, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.141324, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.219213, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.152579, "read": "Demand-led" } ], "volume": { "latest": 20450, "relative_activity": 1.481959, "balance": 1.152579, "dry_up": 1.421503, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.050253, "annualized_volatility": 0.302646, "from_high_reference": -0.254703, "from_low_reference": 0.041791 }, "levels": { "trend_reference": 199.136496, "fair_value_reference": 159.075877, "structural_low": 167.5, 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"regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.342801, "energy": 82.483596, "activity_lines": [ 177.7, 183.790909, 190.334379, 195.19139 ] }, { "date": "2026-07-31", "close": 170.0, "volume": 15287, "typical_volume": 14461.85, "trend": 200.769579, "fair_value": 158.580198, "relative_strength": -24.167893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.160138, "energy": 88.324377, "activity_lines": [ 173.6, 180.590909, 187.973261, 193.109944 ] }, { "date": "2026-08-07", "close": 174.5, "volume": 20450, "typical_volume": 13799.3, "trend": 199.136496, "fair_value": 159.075877, "relative_strength": -23.299778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.092211, "energy": 86.041666, "activity_lines": [ 172.5, 178.663636, 186.203297, 191.415132 ] } ], "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." } } }