{ "ticker": { "uuid": "2d68f91c-a3d0-4262-a9aa-00065b69348a", "symbol": "TEKNA", "name": "Tekna Holding 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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 94.449, "architecture_energy": 97.527, "architecture_maturity": 38.0, "architecture_confidence": 77.109, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 3.33, "rotation_up": 87.56, "upward_expansion": 97.67, "deceleration": 41.83, "rotation_down": 8.02, "downward_expansion": 22.0 }, "activity_lines": [ 5.848, 5.083273, 4.490381, 4.231505 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 6.8, "trend_reference": 4.004, "distance_from_trend": 0.698302, "trend_direction": "Improving", "fair_value": 5.336018, "distance_from_fair_value": 0.274358, "fair_value_direction": "Improving", "relative_strength": 53.916016, "relative_strength_direction": "Improving", "price_momentum": 0.7, "excess_performance": 0.575006, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.698302, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.121476, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.274358, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.635393, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.53916, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.797342, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.7, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 23.799668, "read": "Demand-led" } ], "volume": { "latest": 583708, "relative_activity": 2.230538, "balance": 23.799668, "dry_up": 2.791944, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.086425, "annualized_volatility": 0.682467, "from_high_reference": -0.028571, "from_low_reference": 1.33677 }, "levels": { "trend_reference": 4.004, "fair_value_reference": 5.336018, "structural_low": 3.26, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.014493, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": 0.017948, "regime_survival": 0.666667, "best_return": 0.7, "worst_return": -0.101695, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.037037, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.014934, "regime_survival": 0.333333, "best_return": 0.150568, "worst_return": -0.133333, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.028409, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.102919, "regime_survival": 0.0, "best_return": 0.193182, "worst_return": -0.25, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 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3.917333, 3.869091, 3.745857, 3.727011 ] }, { "date": "2026-07-10", "close": 4.0, "volume": 27622, "typical_volume": 167749.85, "trend": 3.695, "fair_value": 5.427557, "relative_strength": -5.943409, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.771, "energy": 39.232491, "activity_lines": [ 3.952, 3.906727, 3.775857, 3.748538 ] }, { "date": "2026-07-17", "close": 3.86, "volume": 90123, "typical_volume": 163840.4, "trend": 3.72, "fair_value": 5.4023, "relative_strength": -9.406287, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.432533, "energy": 40.360838, "activity_lines": [ 3.94, 3.908727, 3.792429, 3.759183 ] }, { "date": "2026-07-24", "close": 5.84, "volume": 973355, "typical_volume": 202395.75, "trend": 3.812, "fair_value": 5.375634, "relative_strength": 33.835402, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.989971, "energy": 86.436514, "activity_lines": [ 4.580667, 4.265818, 3.997524, 3.895957 ] }, { "date": "2026-07-31", "close": 6.12, "volume": 1275302, "typical_volume": 252515.4, "trend": 3.907, "fair_value": 5.350762, "relative_strength": 39.48161, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.69576, "energy": 96.354767, "activity_lines": [ 5.172, 4.632909, 4.218143, 4.04486 ] }, { "date": "2026-08-07", "close": 6.8, "volume": 583708, "typical_volume": 261689.3, "trend": 4.004, "fair_value": 5.336018, "relative_strength": 53.916016, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.449394, "energy": 97.526691, "activity_lines": [ 5.848, 5.083273, 4.490381, 4.231505 ] } ], "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." } } }