{ "ticker": { "uuid": "2c8347c6-55b5-4453-a906-b2e25b253bc9", "symbol": "QBEN", "name": "Qben Infra AB (publ)", "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": 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": -72.032, "architecture_energy": 54.946, "architecture_maturity": 41.117, "architecture_confidence": 95.021, "architecture_tenure": "Developing", "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": 4.83, "rotation_up": 22.9, "upward_expansion": 8.05, "deceleration": 51.26, "rotation_down": 60.78, "downward_expansion": 83.71 }, "activity_lines": [ 7.752, 7.833818, 8.321048, 8.617785 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 7.54, "trend_reference": 9.108667, "distance_from_trend": -0.172217, "trend_direction": "Weakening", "fair_value": 10.455281, "distance_from_fair_value": -0.278833, "fair_value_direction": "Weakening", "relative_strength": -31.20649, "relative_strength_direction": "Weakening", "price_momentum": -0.260784, "excess_performance": -0.322279, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.172217, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.089224, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.278833, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.140201, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.312065, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.137848, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.260784, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.395465, "read": "Supply-led" } ], "volume": { "latest": 91205, "relative_activity": 0.753041, "balance": 0.395465, "dry_up": 0.463216, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.077841, "annualized_volatility": 0.349694, "from_high_reference": -0.41323, "from_low_reference": 0.024457 }, "levels": { "trend_reference": 9.108667, "fair_value_reference": 10.455281, "structural_low": 7.36, "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": 2, "median_return": -0.040527, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.061469, "regime_survival": 1.0, "best_return": -0.012658, "worst_return": -0.068396, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, 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"relative_strength": -25.577349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.573331, "energy": 64.172436, "activity_lines": [ 7.897333, 8.041455, 8.530571, 8.830129 ] }, { "date": "2026-07-31", "close": 7.8, "volume": 29412, "typical_volume": 136903.0, "trend": 9.237333, "fair_value": 10.488409, "relative_strength": -27.975288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.056468, "energy": 53.218769, "activity_lines": [ 7.861333, 7.941455, 8.435048, 8.72729 ] }, { "date": "2026-08-07", "close": 7.54, "volume": 91205, "typical_volume": 121115.65, "trend": 9.108667, "fair_value": 10.455281, "relative_strength": -31.20649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.031666, "energy": 54.945898, "activity_lines": [ 7.752, 7.833818, 8.321048, 8.617785 ] } ], "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." } } }