{ "ticker": { "uuid": "24759bfa-5ca2-41fe-8b8a-ca22606f00a4", "symbol": "NORDH", "name": "Nordhealth AS", "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": -59.964, "architecture_energy": 37.711, "architecture_maturity": 65.529, "architecture_confidence": 88.736, "architecture_tenure": "Established", "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": 20.23, "rotation_up": 19.8, "upward_expansion": 3.9, "deceleration": 51.54, "rotation_down": 50.77, "downward_expansion": 74.9 }, "activity_lines": [ 23.626666, 23.934545, 24.883809, 25.787957 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 22.799999, "trend_reference": 27.6, "distance_from_trend": -0.173913, "trend_direction": "Weakening", "fair_value": 32.332692, "distance_from_fair_value": -0.294831, "fair_value_direction": "Weakening", "relative_strength": -35.48771, "relative_strength_direction": "Improving", "price_momentum": -0.344828, "excess_performance": -0.469821, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.173913, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.124365, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.294831, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.071322, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.354877, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.018003, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.344828, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.058852, "read": "Demand-led" } ], "volume": { "latest": 21886, "relative_activity": 0.441283, "balance": 2.058852, "dry_up": 0.341386, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.132591, "annualized_volatility": 0.638211, "from_high_reference": -0.412371, "from_low_reference": 0.075472 }, "levels": { "trend_reference": 27.6, "fair_value_reference": 32.332692, "structural_low": 21.200001, "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": 10, "median_return": -0.014205, "positive_rate": 0.4, "directional_follow_through": 0.5, "median_excess_return": -0.013477, "regime_survival": 0.8, "best_return": 0.25, "worst_return": -0.273333, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.027027, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.019889, "regime_survival": 0.333333, "best_return": 0.062147, "worst_return": -0.116129, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.151452, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.298644, "regime_survival": 1.0, "best_return": -0.033898, "worst_return": -0.269006, "sufficient": false }, { "horizon": "Full cycle", 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"stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.266799, "energy": 41.587517, "activity_lines": [ 24.44, 25.123636, 25.793333, 27.07828 ] }, { "date": "2026-07-17", "close": 22.4, "volume": 34724, "typical_volume": 119774.0, "trend": 28.826667, "fair_value": 32.314744, "relative_strength": -36.862865, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.121925, "energy": 37.254468, "activity_lines": [ 23.906667, 24.476364, 25.403809, 26.631828 ] }, { "date": "2026-07-24", "close": 25.0, "volume": 10703, "typical_volume": 49283.1, "trend": 28.42, "fair_value": 32.316026, "relative_strength": -30.442736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.014358, "energy": 30.608003, "activity_lines": [ 24.24, 24.349091, 25.302857, 26.384946 ] }, { "date": "2026-07-31", "close": 24.4, "volume": 413, "typical_volume": 48719.25, "trend": 28.033333, "fair_value": 32.321795, "relative_strength": -31.588683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.503158, "energy": 34.486425, "activity_lines": [ 24.16, 24.236364, 25.162857, 26.125591 ] }, { "date": "2026-08-07", "close": 22.799999, "volume": 21886, "typical_volume": 49596.3, "trend": 27.6, "fair_value": 32.332692, "relative_strength": -35.48771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.963542, "energy": 37.711305, "activity_lines": [ 23.626666, 23.934545, 24.883809, 25.787957 ] } ], "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." } } }