{ "ticker": { "uuid": "173a5720-6706-4370-b7c4-126351bd02bf", "symbol": "SALME", "name": "Salmon Evolution ASA", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -65.342, "architecture_energy": 53.499, "architecture_maturity": 47.084, "architecture_confidence": 96, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 11.73, "rotation_up": 28.36, "upward_expansion": 13.93, "deceleration": 50.05, "rotation_down": 47.25, "downward_expansion": 75.93 }, "activity_lines": [ 4.040667, 4.052, 4.221405, 4.349204 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 4.005, "trend_reference": 4.512, "distance_from_trend": -0.112367, "trend_direction": "Weakening", "fair_value": 5.99141, "distance_from_fair_value": -0.331543, "fair_value_direction": "Weakening", "relative_strength": -25.750642, "relative_strength_direction": "Weakening", "price_momentum": -0.179303, "excess_performance": -0.304297, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.112367, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.063739, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.331543, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.076013, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.257506, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.018761, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.179303, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.310695, "read": "Supply-led" } ], "volume": { "latest": 3061074, "relative_activity": 1.003104, "balance": 0.310695, "dry_up": 0.766276, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.04456, "annualized_volatility": 0.225253, "from_high_reference": -0.271818, "from_low_reference": 0.026923 }, "levels": { "trend_reference": 4.512, "fair_value_reference": 5.99141, "structural_low": 3.9, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 33, "median_return": -0.006135, "positive_rate": 0.424242, "directional_follow_through": 0.515152, "median_excess_return": -0.035678, "regime_survival": 0.818182, "best_return": 0.139733, "worst_return": -0.114213, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.026923, "positive_rate": 0.461538, "directional_follow_through": 0.538462, "median_excess_return": -0.070577, "regime_survival": 0.769231, "best_return": 0.074653, "worst_return": -0.235409, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.05438, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.192381, "regime_survival": 0.666667, "best_return": 0.051378, "worst_return": -0.18509, "sufficient": true }, { 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6.058622, "relative_strength": -26.901099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.059008, "energy": 80.571116, "activity_lines": [ 4.038333, 4.149455, 4.377786, 4.490419 ] }, { "date": "2026-07-17", "close": 4.04, "volume": 1624034, "typical_volume": 3185830.5, "trend": 4.619167, "fair_value": 6.041763, "relative_strength": -24.912203, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.332521, "energy": 72.652064, "activity_lines": [ 4.026333, 4.108, 4.3345, 4.450882 ] }, { "date": "2026-07-24", "close": 4.105, "volume": 2111672, "typical_volume": 3114209.0, "trend": 4.584667, "fair_value": 6.025, "relative_strength": -24.729284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.801726, "energy": 55.182496, "activity_lines": [ 4.044, 4.088818, 4.299405, 4.41771 ] }, { "date": "2026-07-31", "close": 4.065, "volume": 2556706, "typical_volume": 3110106.65, "trend": 4.547167, "fair_value": 6.007276, "relative_strength": -25.080635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.46916, "energy": 56.506295, "activity_lines": [ 4.052, 4.070455, 4.262095, 4.384183 ] }, { "date": "2026-08-07", "close": 4.005, "volume": 3061074, "typical_volume": 3051603.3, "trend": 4.512, "fair_value": 5.99141, "relative_strength": -25.750642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.342427, "energy": 53.499103, "activity_lines": [ 4.040667, 4.052, 4.221405, 4.349204 ] } ], "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." } } }