{ "ticker": { "uuid": "10993fff-1dba-4401-ae1b-ea3339e25bcd", "symbol": "SNOR", "name": "SpareBank 1 Nordm\u00f8re", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 90.515, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -24.599, "architecture_energy": 48.116, "architecture_maturity": 4.873, "architecture_confidence": 73.076, "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": 32.04, "rotation_up": 16.5, "upward_expansion": 25.23, "deceleration": 50.23, "rotation_down": 64.54, "downward_expansion": 54.89 }, "activity_lines": [ 178.432, 179.738182, 182.610293, 182.485793 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 179.0, "trend_reference": 180.974582, "distance_from_trend": -0.010911, "trend_direction": "Improving", "fair_value": 138.904687, "distance_from_fair_value": 0.288653, "fair_value_direction": "Weakening", "relative_strength": -7.364358, "relative_strength_direction": "Weakening", "price_momentum": 0.054754, "excess_performance": -0.07024, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.010911, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.032023, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.288653, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.117684, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.073644, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.052392, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.054754, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.431363, "read": "Supply-led" } ], "volume": { "latest": 856, "relative_activity": 0.100651, "balance": 0.431363, "dry_up": 0.170584, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.024976, "annualized_volatility": 0.178776, "from_high_reference": -0.131068, "from_low_reference": 0.187427 }, "levels": { "trend_reference": 180.974582, "fair_value_reference": 138.904687, "structural_low": 168.797701, "invalidation": "A 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"deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.321483, "energy": 12.230364, "activity_lines": [ 181.952001, 183.134909, 184.836441, 183.041492 ] }, { "date": "2026-07-17", "close": 178.0, "volume": 355, "typical_volume": 9018.55, "trend": 180.140081, "fair_value": 137.44067, "relative_strength": -4.995248, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -9.504964, "energy": 29.983968, "activity_lines": [ 180.522668, 182.02, 184.265542, 182.921255 ] }, { "date": "2026-07-24", "close": 177.520004, "volume": 3054, "typical_volume": 9064.55, "trend": 180.369515, "fair_value": 137.928144, "relative_strength": -7.499267, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.357146, "energy": 45.767547, "activity_lines": [ 179.300002, 180.963274, 183.658834, 182.752217 ] }, { "date": "2026-07-31", "close": 177.979996, "volume": 1538, "typical_volume": 8916.9, "trend": 180.74006, "fair_value": 138.418567, "relative_strength": -7.605432, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.815808, "energy": 50.25427, "activity_lines": [ 178.529334, 180.226182, 183.093137, 182.598055 ] }, { "date": "2026-08-07", "close": 179.0, "volume": 856, "typical_volume": 8504.6, "trend": 180.974582, "fair_value": 138.904687, "relative_strength": -7.364358, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.598848, "energy": 48.115548, "activity_lines": [ 178.432, 179.738182, 182.610293, 182.485793 ] } ], "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." } } }