{ "ticker": { "uuid": "6cabfe6a-a2d9-4e26-a4a6-16cfdc72944c", "symbol": "BAVA", "name": "Bavarian Nordic A/S", "exchange": "CPH", "country": "DK", "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": "2026-10-09", "benchmark": "^OMXC25", "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": 89.898, "architecture_energy": 81.251, "architecture_maturity": 27.522, "architecture_confidence": 75.435, "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": 16.91, "rotation_up": 79.82, "upward_expansion": 89.17, "deceleration": 50.25, "rotation_down": 9.97, "downward_expansion": 15.84 }, "activity_lines": [ 221.706668, 215.483637, 203.073333, 198.380429 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 236.800003, "trend_reference": 194.253333, "distance_from_trend": 0.219027, "trend_direction": "Improving", "fair_value": 188.920192, "distance_from_fair_value": 0.253439, "fair_value_direction": "Improving", "relative_strength": 19.015971, "relative_strength_direction": "Improving", "price_momentum": 0.199595, "excess_performance": 0.160021, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.219027, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.026709, "read": "Rising" 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expansion", "gate": "up", "direction": 64.803948, "energy": 84.004025, "activity_lines": [ 208.42, 198.823635, 192.099523, 190.941182 ] }, { "date": "2026-09-18", "close": 208.199997, "volume": 696333, "typical_volume": 554750.65, "trend": 190.589999, "fair_value": 187.501603, "relative_strength": 1.283584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.663135, "energy": 82.687393, "activity_lines": [ 209.28, 201.689089, 193.897141, 192.100966 ] }, { "date": "2026-09-25", "close": 217.800003, "volume": 907500, "typical_volume": 554535.1, "trend": 191.266666, "fair_value": 187.881731, "relative_strength": 8.299238, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.112074, "energy": 78.492731, "activity_lines": [ 211.853335, 205.850908, 196.512856, 193.856451 ] }, { "date": "2026-10-02", "close": 217.0, "volume": 712883, "typical_volume": 510725.35, "trend": 192.411666, "fair_value": 188.2875, "relative_strength": 9.260857, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.097251, "energy": 60.693885, "activity_lines": [ 213.600001, 209.254545, 198.91857, 195.516666 ] }, { "date": "2026-10-09", "close": 236.800003, "volume": 1191071, "typical_volume": 507930.4, "trend": 194.253333, "fair_value": 188.920192, "relative_strength": 19.015971, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.897996, "energy": 81.250895, "activity_lines": [ 221.706668, 215.483637, 203.073333, 198.380429 ] } ], "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." } } }