{ "ticker": { "uuid": "1ba1d917-88f2-4d3e-a765-b6c67b0c9846", "symbol": "NDA-SE", "name": "Nordea Bank Abp", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.751, "architecture_energy": 88.849, "architecture_maturity": 25.464, "architecture_confidence": 77.076, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.52, "rotation_up": 82.21, "upward_expansion": 98.68, "deceleration": 39.64, "rotation_down": 11.58, "downward_expansion": 20.68 }, "activity_lines": [ 188.252045, 185.563167, 181.017435, 177.884918 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 191.550003, "trend_reference": 175.204063, "distance_from_trend": 0.093297, "trend_direction": "Improving", "fair_value": 139.599723, "distance_from_fair_value": 0.372137, "fair_value_direction": "Improving", "relative_strength": 1.310449, "relative_strength_direction": "Improving", "price_momentum": 0.081878, "excess_performance": 0.020383, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.093297, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030903, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.372137, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.108655, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.013104, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.039853, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.081878, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.02738, "read": "Demand-led" } ], "volume": { "latest": 10454001, "relative_activity": 1.151339, "balance": 2.02738, "dry_up": 0.955225, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.024966, "annualized_volatility": 0.197594, "from_high_reference": -0.006741, "from_low_reference": 0.346488 }, "levels": { "trend_reference": 175.204063, "fair_value_reference": 139.599723, "structural_low": 153.850006, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": 0.017285, "positive_rate": 0.657143, "directional_follow_through": 0.657143, "median_excess_return": 0.009752, "regime_survival": 0.771429, "best_return": 0.088679, "worst_return": -0.195332, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.030395, "positive_rate": 0.692308, "directional_follow_through": 0.692308, "median_excess_return": -0.010175, "regime_survival": 0.384615, "best_return": 0.179458, "worst_return": -0.139065, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.056495, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.002537, "regime_survival": 0.375, "best_return": 0.216991, "worst_return": -0.210051, "sufficient": true }, { "horizon": 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"fair_value": 138.672405, "relative_strength": 2.571186, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.111169, "energy": 80.301141, "activity_lines": [ 184.410396, 182.359654, 178.102108, 175.86236 ] }, { "date": "2026-07-31", "close": 188.623687, "volume": 7408773, "typical_volume": 9178920.95, "trend": 174.626399, "fair_value": 139.137368, "relative_strength": 1.833293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.77879, "energy": 78.210831, "activity_lines": [ 186.112624, 183.792416, 179.469984, 176.793072 ] }, { "date": "2026-08-07", "close": 191.550003, "volume": 10454001, "typical_volume": 9079860.9, "trend": 175.204063, "fair_value": 139.599723, "relative_strength": 1.310449, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.751074, "energy": 88.849494, "activity_lines": [ 188.252045, 185.563167, 181.017435, 177.884918 ] } ], "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." } } }