{ "ticker": { "uuid": "12d815eb-8cc9-4ccd-8057-6f674da85220", "symbol": "EQT", "name": "EQT Holdings Limited", "exchange": "ASX", "country": "AU", "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": "2026-09-25", "benchmark": "^AXJO", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "up", "architecture_direction": 67.416, "architecture_energy": 76.757, "architecture_maturity": 24.027, "architecture_confidence": 81.844, "architecture_tenure": "Developing", "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": 16.16, "rotation_up": 79.81, "upward_expansion": 95.64, "deceleration": 39.29, "rotation_down": 8.88, "downward_expansion": 17.64 }, "activity_lines": [ 21.793333, 20.796181, 19.430381, 19.082796 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 21.85, "trend_reference": 18.994333, "distance_from_trend": 0.150343, "trend_direction": "Weakening", "fair_value": 25.783228, "distance_from_fair_value": -0.15255, "fair_value_direction": "Improving", "relative_strength": 7.023783, "relative_strength_direction": "Improving", "price_momentum": 0.086524, "excess_performance": 0.069063, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.150343, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.052725, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.15255, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.235789, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.070238, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.377262, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.086524, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.422942, "read": "Demand-led" } ], "volume": { "latest": 403190, "relative_activity": 1.998397, "balance": 2.422942, "dry_up": 2.750831, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.081922, "annualized_volatility": 0.586714, "from_high_reference": -0.161406, "from_low_reference": 0.44702 }, "levels": { "trend_reference": 18.994333, "fair_value_reference": 25.783228, "structural_low": 15.1, "invalidation": "A 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"rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.481054, "energy": 28.168946, "activity_lines": [ 19.360666, 18.587091, 18.069905, 18.359488 ] }, { "date": "2026-09-04", "close": 20.799999, "volume": 598216, "typical_volume": 140205.65, "trend": 18.932348, "fair_value": 25.84372, "relative_strength": -2.761939, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.775859, "energy": 50.396674, "activity_lines": [ 20.060666, 19.089636, 18.326143, 18.47684 ] }, { "date": "2026-09-11", "close": 20.9, "volume": 447420, "typical_volume": 155298.5, "trend": 18.920385, "fair_value": 25.815376, "relative_strength": 1.142849, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.637924, "energy": 59.087994, "activity_lines": [ 20.530666, 19.523091, 18.590905, 18.603785 ] }, { "date": "2026-09-18", "close": 23.469999, "volume": 771168, "typical_volume": 187732.7, "trend": 18.974954, "fair_value": 25.80554, "relative_strength": 13.950719, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.819844, "energy": 72.08159, "activity_lines": [ 21.625999, 20.35709, 19.09719, 18.897309 ] }, { "date": "2026-09-25", "close": 21.85, "volume": 403190, "typical_volume": 201756.7, "trend": 18.994333, "fair_value": 25.783228, "relative_strength": 7.023783, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.415782, "energy": 76.756647, "activity_lines": [ 21.793333, 20.796181, 19.430381, 19.082796 ] } ], "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." } } }