{ "ticker": { "uuid": "6fb5f0e5-118b-442d-b6d9-a9dad7956c0b", "symbol": "NCAB", "name": "NCAB Group 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": 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": "Recompressing", "architecture_gate": "up", "architecture_direction": 13.154, "architecture_energy": 19.094, "architecture_maturity": 71.401, "architecture_confidence": 72.85, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 54.83, "rotation_up": 20.02, "upward_expansion": 48.69, "deceleration": 85.14, "rotation_down": 35.59, "downward_expansion": 26.69 }, "activity_lines": [ 71.813333, 74.543636, 75.457049, 71.314231 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 71.699997, "trend_reference": 64.886408, "distance_from_trend": 0.105008, "trend_direction": "Improving", "fair_value": 60.692587, "distance_from_fair_value": 0.181363, "fair_value_direction": "Weakening", "relative_strength": 9.146148, "relative_strength_direction": "Weakening", "price_momentum": 0.55549, "excess_performance": 0.493996, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.105008, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.162192, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.181363, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.031649, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.091461, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.196484, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.55549, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.734038, "read": "Demand-led" } ], "volume": { "latest": 1426805, "relative_activity": 0.950436, "balance": 5.734038, "dry_up": 0.779434, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.093981, "annualized_volatility": 0.493623, "from_high_reference": -0.162383, "from_low_reference": 0.909678 }, "levels": { "trend_reference": 64.886408, "fair_value_reference": 60.692587, "structural_low": 37.54559, "invalidation": "A 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"relative_strength": 17.797761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.588369, "energy": 24.614085, "activity_lines": [ 75.3, 77.512727, 75.664681, 70.462603 ] }, { "date": "2026-07-31", "close": 68.800003, "volume": 1392041, "typical_volume": 1479672.65, "trend": 64.027648, "fair_value": 60.623681, "relative_strength": 6.97353, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.3994, "energy": 23.136994, "activity_lines": [ 72.693334, 75.665455, 75.473547, 70.819241 ] }, { "date": "2026-08-07", "close": 71.699997, "volume": 1426805, "typical_volume": 1501210.9, "trend": 64.886408, "fair_value": 60.692587, "relative_strength": 9.146148, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.153982, "energy": 19.094008, "activity_lines": [ 71.813333, 74.543636, 75.457049, 71.314231 ] } ], "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." } } }