{ "ticker": { "uuid": "5085308f-305e-458b-adb3-b4a9e88ff4eb", "symbol": "TEL2-A", "name": "Tele2 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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -61.153, "architecture_energy": 62.137, "architecture_maturity": 12.701, "architecture_confidence": 87.23, "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": 24.76, "rotation_up": 13.76, "upward_expansion": 13.29, "deceleration": 40.04, "rotation_down": 64.75, "downward_expansion": 86.63 }, "activity_lines": [ 164.9, 167.172727, 172.127174, 175.076533 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 165.5, "trend_reference": 175.832754, "distance_from_trend": -0.058765, "trend_direction": "Improving", "fair_value": 121.94956, "distance_from_fair_value": 0.357118, "fair_value_direction": "Weakening", "relative_strength": -10.508914, "relative_strength_direction": "Weakening", "price_momentum": -0.029889, "excess_performance": -0.091384, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.058765, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.048057, "read": "Rising" }, { "label": "Price 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180.800942, 178.4922 ] }, { "date": "2026-07-03", "close": 166.0, "volume": 797, "typical_volume": 4501.1, "trend": 172.910967, "fair_value": 119.028081, "relative_strength": -9.04655, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -18.816654, "energy": 23.627184, "activity_lines": [ 173.4, 175.454847, 179.22616, 178.093929 ] }, { "date": "2026-07-10", "close": 166.5, "volume": 9666, "typical_volume": 4535.8, "trend": 173.681601, "fair_value": 119.590476, "relative_strength": -6.837385, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.754839, "energy": 50.219206, "activity_lines": [ 170.533333, 173.519221, 177.771816, 177.680318 ] }, { "date": "2026-07-17", "close": 162.5, "volume": 7589, "typical_volume": 4718.4, "trend": 174.205493, "fair_value": 120.157439, "relative_strength": -8.060837, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.820802, "energy": 65.096423, "activity_lines": [ 166.866667, 171.151777, 176.023159, 176.958925 ] }, { "date": "2026-07-24", "close": 163.5, "volume": 7046, "typical_volume": 4890.45, "trend": 174.730316, "fair_value": 120.714629, "relative_strength": -8.87837, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.855426, "energy": 67.829235, "activity_lines": [ 165.066667, 169.263636, 174.480055, 176.268248 ] }, { "date": "2026-07-31", "close": 166.0, "volume": 3277, "typical_volume": 4902.5, "trend": 175.241265, "fair_value": 121.333158, "relative_strength": -8.649203, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.460932, "energy": 60.999113, "activity_lines": [ 164.7, 168.118182, 173.278286, 175.705001 ] }, { "date": "2026-08-07", "close": 165.5, "volume": 4526, "typical_volume": 4904.6, "trend": 175.832754, "fair_value": 121.94956, "relative_strength": -10.508914, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.152555, "energy": 62.136676, "activity_lines": [ 164.9, 167.172727, 172.127174, 175.076533 ] } ], "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." } } }