{ "ticker": { "uuid": "21b17396-f1e9-4556-9172-11ba0fe38610", "symbol": "TGS", "name": "TGS 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 95.633, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 4.732, "architecture_energy": 11.976, "architecture_maturity": 30.024, "architecture_confidence": 76.332, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 55.63, "rotation_up": 19.03, "upward_expansion": 41.69, "deceleration": 77.93, "rotation_down": 34.12, "downward_expansion": 35.69 }, "activity_lines": [ 130.552707, 131.35407, 136.23551, 133.499635 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 132.699997, "trend_reference": 126.901477, "distance_from_trend": 0.045693, "trend_direction": "Improving", "fair_value": 102.759068, "distance_from_fair_value": 0.29137, "fair_value_direction": "Weakening", "relative_strength": 12.13079, "relative_strength_direction": "Weakening", "price_momentum": 0.341317, "excess_performance": 0.216323, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.045693, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.134972, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.29137, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.148079, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.121308, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.277827, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.341317, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.955072, "read": "Supply-led" } ], "volume": { "latest": 1612986, "relative_activity": 0.746448, "balance": 0.955072, "dry_up": 1.046178, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.073333, "annualized_volatility": 0.367832, "from_high_reference": -0.161891, "from_low_reference": 0.973178 }, "levels": { "trend_reference": 126.901477, "fair_value_reference": 102.759068, "structural_low": 97.759486, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": -0.018559, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.03737, "regime_survival": 0.6, "best_return": 0.086567, "worst_return": -0.138818, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.149333, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.192794, "regime_survival": 0.2, "best_return": 0.105164, "worst_return": -0.264537, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.137378, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.188475, "regime_survival": 0.0, "best_return": -0.059874, "worst_return": -0.272689, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 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20.430583, "activity_lines": [ 129.83585, 133.890266, 137.339807, 132.835743 ] }, { "date": "2026-07-31", "close": 127.599998, "volume": 1625715, "typical_volume": 2302197.2, "trend": 125.599931, "fair_value": 102.676163, "relative_strength": 9.003137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.86588, "energy": 16.66379, "activity_lines": [ 129.272824, 131.929441, 136.575835, 133.041567 ] }, { "date": "2026-08-07", "close": 132.699997, "volume": 1612986, "typical_volume": 2160882.25, "trend": 126.901477, "fair_value": 102.759068, "relative_strength": 12.13079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.732291, "energy": 11.975805, "activity_lines": [ 130.552707, 131.35407, 136.23551, 133.499635 ] } ], "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." } } }