{ "ticker": { "uuid": "5b828342-e854-4fa3-8d8b-5b24217c1cbd", "symbol": "NRT", "name": "North European Oil Royalty Trust", "exchange": "NYSE", "country": "US", "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": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 22.541, "architecture_energy": 38.254, "architecture_maturity": 7.885, "architecture_confidence": 88.116, "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": 45.82, "rotation_up": 65.58, "upward_expansion": 42.9, "deceleration": 31.56, "rotation_down": 16.76, "downward_expansion": 20.24 }, "activity_lines": [ 8.768667, 8.224727, 8.053879, 8.13336 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 8.81, "trend_reference": 8.206356, "distance_from_trend": 0.073558, "trend_direction": "Improving", "fair_value": 5.565596, "distance_from_fair_value": 0.582939, "fair_value_direction": "Improving", "relative_strength": 12.073825, "relative_strength_direction": "Weakening", "price_momentum": 0.004645, "excess_performance": -0.12098, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073558, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.081073, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.582939, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.182046, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.120738, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.05551, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.004645, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.507066, "read": "Demand-led" } ], "volume": { "latest": 247876, "relative_activity": 0.844901, "balance": 1.507066, "dry_up": 0.871943, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.083634, "annualized_volatility": 0.473504, "from_high_reference": -0.136464, "from_low_reference": 0.994901 }, "levels": { "trend_reference": 8.206356, "fair_value_reference": 5.565596, "structural_low": 6.83, "invalidation": "A sustained 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"energy": 52.315798, "activity_lines": [ 7.258, 7.484062, 7.810305, 7.950835 ] }, { "date": "2026-07-17", "close": 7.73, "volume": 229772, "typical_volume": 365008.65, "trend": 7.96952, "fair_value": 5.58593, "relative_strength": 5.229221, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.079294, "energy": 49.461971, "activity_lines": [ 7.4, 7.497273, 7.775604, 7.939053 ] }, { "date": "2026-07-24", "close": 8.89, "volume": 298036, "typical_volume": 347876.7, "trend": 8.067613, "fair_value": 5.571737, "relative_strength": 20.536417, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -6.544756, "energy": 9.778893, "activity_lines": [ 7.924667, 7.726909, 7.851991, 7.998439 ] }, { "date": "2026-07-31", "close": 9.51, "volume": 247554, "typical_volume": 310148.05, "trend": 8.16112, "fair_value": 5.573977, "relative_strength": 26.162408, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 38.652073, "energy": 37.560862, "activity_lines": [ 8.538, 8.054, 7.988071, 8.091496 ] }, { "date": "2026-08-07", "close": 8.81, "volume": 247876, "typical_volume": 293378.65, "trend": 8.206356, "fair_value": 5.565596, "relative_strength": 12.073825, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.540861, "energy": 38.253953, "activity_lines": [ 8.768667, 8.224727, 8.053879, 8.13336 ] } ], "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." } } }