{
  "ticker": {
    "uuid": "606cbc30-e10b-4c1a-ad6a-fdd42032e932",
    "symbol": "EQNR",
    "name": "Equinor ASA ADR",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 56.977,
    "architecture_energy": 50.168,
    "architecture_maturity": 35.668,
    "architecture_confidence": 67.586,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 21.75,
        "rotation_up": 70.27,
        "upward_expansion": 76.48,
        "deceleration": 58.84,
        "rotation_down": 10.83,
        "downward_expansion": 7.81
      },
      "activity_lines": [
        39.247333,
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        36.777273,
        36.410146
      ],
      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 38.92,
    "trend_reference": 34.723791,
    "distance_from_trend": 0.120845,
    "trend_direction": "Improving",
    "fair_value": 25.471453,
    "distance_from_fair_value": 0.527985,
    "fair_value_direction": "Improving",
    "relative_strength": 16.957089,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.447557,
    "excess_performance": 0.321932,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.120845,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.144288,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.527985,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.032143,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.169571,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.041895,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.447557,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.10015,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 16535805,
      "relative_activity": 0.703802,
      "balance": 1.10015,
      "dry_up": 0.863055,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.078708,
      "annualized_volatility": 0.488245,
      "from_high_reference": -0.095576,
      "from_low_reference": 0.789613
    },
    "levels": {
      "trend_reference": 34.723791,
      "fair_value_reference": 25.471453,
      "structural_low": 26.567555,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 18,
        "median_return": 0.005342,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.000485,
        "regime_survival": 0.666667,
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        "worst_return": -0.115204,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.571429,
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        "regime_survival": 0.142857,
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        "worst_return": -0.116449,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "regime_survival": 0.0,
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        "worst_return": -0.147646,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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      {
        "regime": "balance",
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      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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      {
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        "regime": "upward_expansion",
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 28770243.15,
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        "fair_value": 25.153336,
        "relative_strength": 19.265433,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "direction": 16.5472,
        "energy": 19.235864,
        "activity_lines": [
          34.206,
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      },
      {
        "date": "2026-07-24",
        "close": 40.35,
        "volume": 26323924,
        "typical_volume": 27402269.35,
        "trend": 33.621265,
        "fair_value": 25.265641,
        "relative_strength": 28.570155,
        "stage": 2,
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        "modifier": "Recompressing",
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        "direction": 53.117322,
        "energy": 30.802817,
        "activity_lines": [
          36.54,
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      },
      {
        "date": "2026-07-31",
        "close": 41.1,
        "volume": 18457483,
        "typical_volume": 25563181.1,
        "trend": 34.191764,
        "fair_value": 25.377321,
        "relative_strength": 28.620103,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 60.366551,
        "energy": 46.496829,
        "activity_lines": [
          38.592667,
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          36.105099
        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.92,
        "volume": 16535805,
        "typical_volume": 23494950.9,
        "trend": 34.723791,
        "fair_value": 25.471453,
        "relative_strength": 16.957089,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 56.976653,
        "energy": 50.168259,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}