{ "ticker": { "uuid": "0e4b0b34-96d2-41a4-bc57-376326fc5add", "symbol": "MANTEX", "name": "Mantex 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 61.245, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -44.69, "architecture_energy": 72.022, "architecture_maturity": 13.236, "architecture_confidence": 71.758, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 19.24, "rotation_up": 16.37, "upward_expansion": 24.74, "deceleration": 43.1, "rotation_down": 75.22, "downward_expansion": 66.4 }, "activity_lines": [ 7.358667, 7.753091, 8.298286, 8.398473 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 7.22, "trend_reference": 8.162333, "distance_from_trend": -0.115449, "trend_direction": "Improving", "fair_value": 43.582384, "distance_from_fair_value": -0.834337, "fair_value_direction": "Improving", "relative_strength": -24.640101, "relative_strength_direction": "Weakening", "price_momentum": 0.266667, "excess_performance": 0.205172, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.115449, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.025462, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.834337, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.013381, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.246401, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.145612, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.266667, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.882183, "read": "Supply-led" } ], "volume": { "latest": 4690, "relative_activity": 0.639622, "balance": 0.882183, "dry_up": 0.992983, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.087151, "annualized_volatility": 0.862806, "from_high_reference": -0.343636, "from_low_reference": 0.388462 }, "levels": { "trend_reference": 8.162333, "fair_value_reference": 43.582384, "structural_low": 5.2, "invalidation": "Reclaiming 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-14.207927, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.102816, "energy": 18.562213, "activity_lines": [ 8.430667, 8.627636, 8.890429, 8.598151 ] }, { "date": "2026-07-17", "close": 7.54, "volume": 5940, "typical_volume": 9500.6, "trend": 8.093667, "fair_value": 47.626515, "relative_strength": -20.291883, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -20.980212, "energy": 39.586546, "activity_lines": [ 8.12, 8.404727, 8.748667, 8.564237 ] }, { "date": "2026-07-24", "close": 7.26, "volume": 14645, "typical_volume": 9344.05, "trend": 8.105667, "fair_value": 46.281378, "relative_strength": -23.485084, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.034145, "energy": 58.200195, "activity_lines": [ 7.8, 8.161091, 8.591, 8.510452 ] }, { "date": "2026-07-31", "close": 7.28, "volume": 3849, "typical_volume": 8210.65, "trend": 8.13, "fair_value": 44.932073, "relative_strength": -23.388129, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.801654, "energy": 68.384582, "activity_lines": [ 7.548, 7.945091, 8.446143, 8.457183 ] }, { "date": "2026-08-07", "close": 7.22, "volume": 4690, "typical_volume": 7332.45, "trend": 8.162333, "fair_value": 43.582384, "relative_strength": -24.640101, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.69037, "energy": 72.022486, "activity_lines": [ 7.358667, 7.753091, 8.298286, 8.398473 ] } ], "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." } } }