{
  "ticker": {
    "uuid": "2327a48b-db87-4e59-b51f-c0fffbf97e38",
    "symbol": "HPUR",
    "name": "Hexagon Purus 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.735,
    "architecture_energy": 75.474,
    "architecture_maturity": 25.17,
    "architecture_confidence": 84.989,
    "architecture_tenure": "New",
    "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": 12.87,
        "rotation_up": 8.99,
        "upward_expansion": 16.97,
        "deceleration": 37.12,
        "rotation_down": 76.85,
        "downward_expansion": 92.64
      },
      "activity_lines": [
        9.430667,
        10.234582,
        11.268962,
        11.576649
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 9.3,
    "trend_reference": 12.230733,
    "distance_from_trend": -0.23962,
    "trend_direction": "Weakening",
    "fair_value": 51.805436,
    "distance_from_fair_value": -0.820482,
    "fair_value_direction": "Weakening",
    "relative_strength": -43.064553,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.363014,
    "excess_performance": -0.488007,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.23962,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.125026,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.820482,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.039574,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.430646,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.224884,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.363014,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.316245,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 174469,
      "relative_activity": 1.216426,
      "balance": 0.316245,
      "dry_up": 0.986715,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.172457,
      "annualized_volatility": 0.709857,
      "from_high_reference": -0.584821,
      "from_low_reference": 0.056818
    },
    "levels": {
      "trend_reference": 12.230733,
      "fair_value_reference": 51.805436,
      "structural_low": 8.8,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 31,
        "median_return": -0.052156,
        "positive_rate": 0.419355,
        "directional_follow_through": 0.580645,
        "median_excess_return": -0.050026,
        "regime_survival": 0.870968,
        "best_return": 0.473159,
        "worst_return": -0.442446,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.659058,
        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 7,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "regime_survival": 0.333333,
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        "worst_return": -0.713406,
        "sufficient": false
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        "regime": "balance",
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        "regime": "rotation_up",
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        "direction": -55.603865,
        "energy": 41.48231,
        "activity_lines": [
          11.204,
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          12.423143,
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 11.6,
        "volume": 139027,
        "typical_volume": 205378.35,
        "trend": 14.832333,
        "fair_value": 70.547603,
        "relative_strength": -39.768928,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.011235,
        "energy": 32.639167,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
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        "typical_volume": 226850.45,
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        "stage": 1,
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        "modifier": "Established contraction",
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        "energy": 11.215544,
        "activity_lines": [
          12.908,
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 14.9,
        "volume": 180001,
        "typical_volume": 230314.85,
        "trend": 14.635667,
        "fair_value": 68.007859,
        "relative_strength": -20.576157,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
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        "volume": 303674,
        "typical_volume": 238943.3,
        "trend": 14.336333,
        "fair_value": 66.677859,
        "relative_strength": -34.439594,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 20.84565,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 236733.3,
        "trend": 14.239667,
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        "relative_strength": -29.269438,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.484601,
        "energy": 21.474861,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 12.512,
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        "typical_volume": 230752.35,
        "trend": 13.9784,
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        "relative_strength": -33.062094,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.817403,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 226290.0,
        "trend": 13.813133,
        "fair_value": 62.489744,
        "relative_strength": -32.410235,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.970741,
        "energy": 16.98445,
        "activity_lines": [
          12.899867,
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      },
      {
        "date": "2026-06-12",
        "close": 12.2,
        "volume": 18218,
        "typical_volume": 223229.85,
        "trend": 13.628467,
        "fair_value": 61.10641,
        "relative_strength": -33.451169,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": -36.109474,
        "stage": 4,
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        "modifier": "Balance after decline",
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        "energy": 32.974355,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 12.1,
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        "typical_volume": 207027.0,
        "trend": 13.278467,
        "fair_value": 58.615513,
        "relative_strength": -28.893601,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.317186,
        "energy": 29.032048,
        "activity_lines": [
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          12.650034
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      },
      {
        "date": "2026-07-03",
        "close": 11.988,
        "volume": 13644,
        "typical_volume": 189505.4,
        "trend": 13.114733,
        "fair_value": 57.575692,
        "relative_strength": -30.042503,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.711182,
        "energy": 36.05441,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 11.3,
        "volume": 85850,
        "typical_volume": 181296.45,
        "trend": 12.942733,
        "fair_value": 56.459667,
        "relative_strength": -32.386796,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -56.628289,
        "energy": 41.02729,
        "activity_lines": [
          11.706133,
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          12.449699
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      },
      {
        "date": "2026-07-17",
        "close": 9.2,
        "volume": 203413,
        "typical_volume": 175174.35,
        "trend": 12.742733,
        "fair_value": 55.269923,
        "relative_strength": -44.617158,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -73.267846,
        "energy": 56.662814,
        "activity_lines": [
          10.8456,
          11.466327,
          12.01499,
          12.208232
        ]
      },
      {
        "date": "2026-07-24",
        "close": 9.3,
        "volume": 124481,
        "typical_volume": 161931.8,
        "trend": 12.5694,
        "fair_value": 54.051333,
        "relative_strength": -44.423482,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.068129,
        "energy": 63.302778,
        "activity_lines": [
          10.2184,
          10.988473,
          11.753838,
          11.98612
        ]
      },
      {
        "date": "2026-07-31",
        "close": 9.34,
        "volume": 63725,
        "typical_volume": 148140.65,
        "trend": 12.4174,
        "fair_value": 52.890692,
        "relative_strength": -43.553951,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.190223,
        "energy": 73.549266,
        "activity_lines": [
          9.7392,
          10.576436,
          11.507448,
          11.777772
        ]
      },
      {
        "date": "2026-08-07",
        "close": 9.3,
        "volume": 174469,
        "typical_volume": 143427.5,
        "trend": 12.230733,
        "fair_value": 51.805436,
        "relative_strength": -43.064553,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.735148,
        "energy": 75.473651,
        "activity_lines": [
          9.430667,
          10.234582,
          11.268962,
          11.576649
        ]
      }
    ],
    "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."
    }
  }
}