{ "ticker": { "uuid": "5864ff09-5475-4f52-8efe-e3e66f9cbb91", "symbol": "EQT", "name": "EQT 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 78.981, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 57.572, "architecture_energy": 69.753, "architecture_maturity": 14.232, "architecture_confidence": 72.929, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 24.38, "rotation_up": 76.31, "upward_expansion": 60.16, "deceleration": 25.33, "rotation_down": 16.05, "downward_expansion": 20.82 }, "activity_lines": [ 326.333339, 308.761822, 303.911925, 300.608543 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 347.700012, "trend_reference": 301.588504, "distance_from_trend": 0.152895, "trend_direction": "Weakening", "fair_value": 298.187925, "distance_from_fair_value": 0.166043, "fair_value_direction": "Improving", "relative_strength": -2.084944, "relative_strength_direction": "Improving", "price_momentum": 0.228819, "excess_performance": 0.167325, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.152895, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.038291, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.166043, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.107523, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.020849, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.094423, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.228819, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.468728, "read": "Demand-led" } ], "volume": { "latest": 9756683, "relative_activity": 1.470168, "balance": 2.468728, "dry_up": 1.322302, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.056331, "annualized_volatility": 0.35032, "from_high_reference": -0.084642, "from_low_reference": 0.337589 }, "levels": { "trend_reference": 301.588504, "fair_value_reference": 298.187925, "structural_low": 259.945298, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.057436, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.051117, "regime_survival": 0.25, "best_return": 0.029315, "worst_return": -0.085848, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.105809, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.121469, "regime_survival": 0.0, "best_return": -0.060724, "worst_return": -0.242458, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.055905, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.058165, "regime_survival": 0.333333, "best_return": 0.138926, "worst_return": -0.109446, "sufficient": false }, 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"relative_strength": -8.953325, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.297171, "energy": 13.736148, "activity_lines": [ 300.966665, 294.163636, 296.274046, 296.317226 ] }, { "date": "2026-07-31", "close": 323.700012, "volume": 8018359, "typical_volume": 6716394.0, "trend": 301.916382, "fair_value": 297.430973, "relative_strength": -7.379787, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.287228, "energy": 37.56399, "activity_lines": [ 311.546669, 299.376365, 299.06131, 297.654761 ] }, { "date": "2026-08-07", "close": 347.700012, "volume": 9756683, "typical_volume": 6636441.95, "trend": 301.588504, "fair_value": 298.187925, "relative_strength": -2.084944, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 57.572445, "energy": 69.753371, "activity_lines": [ 326.333339, 308.761822, 303.911925, 300.608543 ] } ], "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." } } }