{ "ticker": { "uuid": "3aefaf27-edb7-4011-89c2-0beb63cd36a4", "symbol": "SHB-A", "name": "Svenska Handelsbanken 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "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": 78.771, "architecture_energy": 64.655, "architecture_maturity": 70.173, "architecture_confidence": 89.671, "architecture_tenure": "Established", "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": 5.93, "rotation_up": 62.4, "upward_expansion": 86.62, "deceleration": 64.71, "rotation_down": 24.89, "downward_expansion": 10.96 }, "activity_lines": [ 144.729999, 143.350908, 139.692142, 135.991502 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 147.300003, "trend_reference": 131.48739, "distance_from_trend": 0.12026, "trend_direction": "Improving", "fair_value": 97.892425, "distance_from_fair_value": 0.504713, "fair_value_direction": "Improving", "relative_strength": 7.352923, "relative_strength_direction": "Improving", "price_momentum": 0.187492, "excess_performance": 0.125998, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.12026, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.075232, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.504713, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.089304, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.073529, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.049911, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.187492, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.595534, "read": "Demand-led" } ], "volume": { "latest": 18628216, "relative_activity": 0.824549, "balance": 1.595534, "dry_up": 1.058766, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.029532, "annualized_volatility": 0.170817, "from_high_reference": -0.015374, "from_low_reference": 0.416911 }, "levels": { "trend_reference": 131.48739, "fair_value_reference": 97.892425, "structural_low": 114.655667, 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"gate": "up", "direction": 66.005772, "energy": 67.607581, "activity_lines": [ 141.603333, 140.232728, 136.204927, 132.927319 ] }, { "date": "2026-07-24", "close": 143.449997, "volume": 23595239, "typical_volume": 23828738.5, "trend": 129.635348, "fair_value": 96.854726, "relative_strength": 8.614513, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.000671, "energy": 63.228417, "activity_lines": [ 142.169998, 141.114545, 137.285382, 133.876566 ] }, { "date": "2026-07-31", "close": 145.649994, "volume": 21893578, "typical_volume": 23419840.35, "trend": 130.533141, "fair_value": 97.369706, "relative_strength": 8.473434, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.744042, "energy": 63.705864, "activity_lines": [ 143.309997, 142.155453, 138.472136, 134.909769 ] }, { "date": "2026-08-07", "close": 147.300003, "volume": 18628216, "typical_volume": 22592010.8, "trend": 131.48739, "fair_value": 97.892425, "relative_strength": 7.352923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.771141, "energy": 64.655274, "activity_lines": [ 144.729999, 143.350908, 139.692142, 135.991502 ] } ], "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." } } }