{ "ticker": { "uuid": "0d207e6b-d099-4758-94b9-b46f2790d873", "symbol": "CAMX", "name": "Camurus 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": 71.005, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 36.593, "architecture_energy": 62.511, "architecture_maturity": 13.298, "architecture_confidence": 47.813, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 21.96, "rotation_up": 70.35, "upward_expansion": 63.89, "deceleration": 21.07, "rotation_down": 17.37, "downward_expansion": 22.23 }, "activity_lines": [ 610.966667, 591.518182, 567.527143, 554.187957 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 607.0, "trend_reference": 556.253334, "distance_from_trend": 0.091229, "trend_direction": "Weakening", "fair_value": 564.139743, "distance_from_fair_value": 0.075975, "fair_value_direction": "Improving", "relative_strength": -10.04307, "relative_strength_direction": "Improving", "price_momentum": -0.115805, "excess_performance": -0.177299, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091229, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.021318, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.075975, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.046325, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.100431, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.078036, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.115805, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.73863, "read": "Supply-led" } ], "volume": { "latest": 422485, "relative_activity": 0.965368, "balance": 0.73863, "dry_up": 1.026751, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.07544, "annualized_volatility": 0.491495, "from_high_reference": -0.195494, "from_low_reference": 0.409007 }, "levels": { "trend_reference": 556.253334, "fair_value_reference": 564.139743, "structural_low": 430.799988, "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": 5, "median_return": -0.011869, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": 0.048919, "regime_survival": 0.2, "best_return": 0.125525, "worst_return": -0.246442, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.018421, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.083699, "regime_survival": 0.0, "best_return": 0.279525, "worst_return": -0.204494, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.31206, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.398887, "regime_survival": 0.25, "best_return": 0.562804, "worst_return": -0.074906, "sufficient": false }, { "horizon": "Full 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13.477972, "activity_lines": [ 552.966667, 544.963636, 534.244286, 538.82 ] }, { "date": "2026-07-17", "close": 628.5, "volume": 698159, "typical_volume": 474823.3, "trend": 557.686667, "fair_value": 558.091666, "relative_strength": -3.927208, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 50.144149, "energy": 54.775854, "activity_lines": [ 580.033333, 561.009091, 544.584286, 543.438065 ] }, { "date": "2026-07-24", "close": 616.0, "volume": 298595, "typical_volume": 449141.5, "trend": 558.003334, "fair_value": 560.13782, "relative_strength": -6.702074, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.08387, "energy": 62.71587, "activity_lines": [ 596.966667, 573.481818, 553.136191, 547.200215 ] }, { "date": "2026-07-31", "close": 617.5, "volume": 378157, "typical_volume": 442341.2, "trend": 558.186667, "fair_value": 562.215384, "relative_strength": -7.19844, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.773475, "energy": 64.106334, "activity_lines": [ 607.933333, 584.290909, 561.187143, 551.03871 ] }, { "date": "2026-08-07", "close": 607.0, "volume": 422485, "typical_volume": 437641.45, "trend": 556.253334, "fair_value": 564.139743, "relative_strength": -10.04307, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.593455, "energy": 62.510807, "activity_lines": [ 610.966667, 591.518182, 567.527143, 554.187957 ] } ], "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." } } }