{ "ticker": { "uuid": "4f8c2293-eee7-48dc-b9fc-00a2264bf572", "symbol": "TELLUS", "name": "Tellusgruppen 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": 70.906, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -18.018, "architecture_energy": 22.188, "architecture_maturity": 13.642, "architecture_confidence": 67.589, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 51.48, "rotation_up": 19.57, "upward_expansion": 15.91, "deceleration": 67.23, "rotation_down": 50.26, "downward_expansion": 40.91 }, "activity_lines": [ 6.306667, 6.337305, 6.528484, 6.500737 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 6.44, "trend_reference": 6.39237, "distance_from_trend": 0.007451, "trend_direction": "Improving", "fair_value": 5.945896, "distance_from_fair_value": 0.0831, "fair_value_direction": "Weakening", "relative_strength": 1.062427, "relative_strength_direction": "Weakening", "price_momentum": -0.031579, "excess_performance": -0.093073, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.007451, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.07604, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.0831, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.053565, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.010624, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.17996, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.031579, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.55762, "read": "Demand-led" } ], "volume": { "latest": 2576, "relative_activity": 0.145953, "balance": 1.55762, "dry_up": 0.895209, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.048104, "annualized_volatility": 0.417345, "from_high_reference": -0.121121, "from_low_reference": 0.77396 }, "levels": { "trend_reference": 6.39237, "fair_value_reference": 5.945896, "structural_low": 5.52, "invalidation": "A sustained loss of Trend, 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"typical_volume": 17267.15, "trend": 6.287036, "fair_value": 5.969623, "relative_strength": 1.03933, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.319942, "energy": 48.27188, "activity_lines": [ 6.165333, 6.469926, 6.591166, 6.494314 ] }, { "date": "2026-07-24", "close": 6.16, "volume": 19011, "typical_volume": 16616.05, "trend": 6.319036, "fair_value": 5.959859, "relative_strength": 1.106963, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.957396, "energy": 51.985675, "activity_lines": [ 6.117333, 6.383064, 6.553018, 6.486118 ] }, { "date": "2026-07-31", "close": 6.46, "volume": 36022, "typical_volume": 18163.7, "trend": 6.35437, "fair_value": 5.953865, "relative_strength": 4.021003, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.075435, "energy": 50.366306, "activity_lines": [ 6.206667, 6.359474, 6.54268, 6.495212 ] }, { "date": "2026-08-07", "close": 6.44, "volume": 2576, "typical_volume": 17649.5, "trend": 6.39237, "fair_value": 5.945896, "relative_strength": 1.062427, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.018297, "energy": 22.188109, "activity_lines": [ 6.306667, 6.337305, 6.528484, 6.500737 ] } ], "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." } } }