{ "ticker": { "uuid": "11802501-3d41-4bd4-88fa-b609720814b4", "symbol": "NOK", "name": "Nokia Corp ADR", "exchange": "NYSE", "country": "US", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 89.174, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -27.345, "architecture_energy": 47.371, "architecture_maturity": 9.001, "architecture_confidence": 67.08, "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": 37.61, "rotation_up": 14.1, "upward_expansion": 22.08, "deceleration": 55.24, "rotation_down": 68.91, "downward_expansion": 49.41 }, "activity_lines": [ 9.535714, 10.714589, 11.815357, 11.283907 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 9.36, "trend_reference": 10.257691, "distance_from_trend": -0.087514, "trend_direction": "Improving", "fair_value": 5.407965, "distance_from_fair_value": 0.73078, "fair_value_direction": "Weakening", "relative_strength": 2.30366, "relative_strength_direction": "Weakening", "price_momentum": 0.329389, "excess_performance": 0.203764, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.087514, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.213717, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.73078, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.010827, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.023037, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.782507, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.329389, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.757911, "read": "Supply-led" } ], "volume": { "latest": 325973158, "relative_activity": 0.664162, "balance": 0.757911, "dry_up": 1.003617, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.213699, "annualized_volatility": 0.613633, "from_high_reference": -0.46361, "from_low_reference": 1.32635 }, "levels": { "trend_reference": 10.257691, "fair_value_reference": 5.407965, "structural_low": 6.853108, "invalidation": "A decisive 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"close": 9.36, "volume": 325973158, "typical_volume": 490804023.6, "trend": 10.257691, "fair_value": 5.407965, "relative_strength": 2.30366, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.344535, "energy": 47.370863, "activity_lines": [ 9.535714, 10.714589, 11.815357, 11.283907 ] } ], "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." } } }