{ "ticker": { "uuid": "203516f5-180c-4336-bc84-1c9d17ae0438", "symbol": "NHY", "name": "Norsk Hydro 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 52.65, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -33.838, "architecture_energy": 40.331, "architecture_maturity": 15.223, "architecture_confidence": 50.234, "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": 40.25, "rotation_up": 18.98, "upward_expansion": 12.91, "deceleration": 59.09, "rotation_down": 60.72, "downward_expansion": 49.91 }, "activity_lines": [ 87.501333, 89.217454, 95.696894, 95.750722 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 90.639999, "trend_reference": 94.021089, "distance_from_trend": -0.035961, "trend_direction": "Improving", "fair_value": 66.64486, "distance_from_fair_value": 0.360045, "fair_value_direction": "Weakening", "relative_strength": -1.955726, "relative_strength_direction": "Weakening", "price_momentum": 0.056479, "excess_performance": -0.068515, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.035961, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.078488, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.360045, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.277764, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019557, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.268804, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.056479, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.887528, "read": "Demand-led" } ], "volume": { "latest": 16712230, "relative_activity": 1.119583, "balance": 1.887528, "dry_up": 1.2171, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.071848, "annualized_volatility": 0.404225, "from_high_reference": -0.233488, "from_low_reference": 0.465064 }, "levels": { "trend_reference": 94.021089, "fair_value_reference": 66.64486, "structural_low": 78.369513, "invalidation": "A 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"fair_value": 66.64486, "relative_strength": -1.955726, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.837945, "energy": 40.330518, "activity_lines": [ 87.501333, 89.217454, 95.696894, 95.750722 ] } ], "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." } } }