{ "ticker": { "uuid": "6aa3ff86-524f-4231-a8cd-dd85a8e62a07", "symbol": "NHF", "name": "nib holdings limited", "exchange": "ASX", "country": "AU", "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": "^AXJO", "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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 74.541, "architecture_energy": 87.058, "architecture_maturity": 23.92, "architecture_confidence": 83.155, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.69, "rotation_up": 81.06, "upward_expansion": 99.26, "deceleration": 39.28, "rotation_down": 10.76, "downward_expansion": 21.26 }, "activity_lines": [ 7.454, 7.302182, 7.065333, 6.88678 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 7.52, "trend_reference": 6.690381, "distance_from_trend": 0.124002, "trend_direction": "Improving", "fair_value": 6.577575, "distance_from_fair_value": 0.143278, "fair_value_direction": "Improving", "relative_strength": 3.987498, "relative_strength_direction": "Improving", "price_momentum": 0.188977, "excess_performance": 0.125271, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.124002, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.013702, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.143278, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.137884, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.039875, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.060526, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.188977, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.079027, "read": "Demand-led" } ], "volume": { "latest": 4132438, "relative_activity": 1.191261, "balance": 3.079027, "dry_up": 1.399426, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.034677, "annualized_volatility": 0.156503, "from_high_reference": -0.049741, "from_low_reference": 0.298791 }, "levels": { "trend_reference": 6.690381, "fair_value_reference": 6.577575, "structural_low": 5.79, "invalidation": "A sustained 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6.925238, 6.775902 ] }, { "date": "2026-07-31", "close": 7.5, "volume": 4892626, "typical_volume": 3773885.25, "trend": 6.663594, "fair_value": 6.574176, "relative_strength": 6.976332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.84955, "energy": 88.821173, "activity_lines": [ 7.385333, 7.221455, 6.997571, 6.831528 ] }, { "date": "2026-08-07", "close": 7.52, "volume": 4132438, "typical_volume": 3468962.35, "trend": 6.690381, "fair_value": 6.577575, "relative_strength": 3.987498, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.541355, "energy": 87.058435, "activity_lines": [ 7.454, 7.302182, 7.065333, 6.88678 ] } ], "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." } } }