{
  "ticker": {
    "uuid": "7f34a6f0-53f6-4781-a6a8-ab392d3a794f",
    "symbol": "E1QN34",
    "name": "Equinor ASA",
    "exchange": "SAO",
    "country": "BR",
    "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": "^BVSP",
    "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": 57.073,
    "architecture_energy": 53.416,
    "architecture_maturity": 37.031,
    "architecture_confidence": 66.333,
    "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": 20.11,
        "rotation_up": 70.16,
        "upward_expansion": 78.16,
        "deceleration": 56.19,
        "rotation_down": 10.83,
        "downward_expansion": 9.49
      },
      "activity_lines": [
        99.653334,
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        93.53854,
        92.866904
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 99.099998,
    "trend_reference": 89.047845,
    "distance_from_trend": 0.112885,
    "trend_direction": "Improving",
    "fair_value": 69.391498,
    "distance_from_fair_value": 0.428129,
    "fair_value_direction": "Improving",
    "relative_strength": 23.753713,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.420752,
    "excess_performance": 0.477801,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.112885,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.126107,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.428129,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.09168,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.237537,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.176517,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.420752,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.435284,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2779,
      "relative_activity": 0.487283,
      "balance": 0.435284,
      "dry_up": 0.447874,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.074839,
      "annualized_volatility": 0.553381,
      "from_high_reference": -0.118485,
      "from_low_reference": 0.724575
    },
    "levels": {
      "trend_reference": 89.047845,
      "fair_value_reference": 69.391498,
      "structural_low": 69.493713,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": -0.052472,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.068645,
        "regime_survival": 0.666667,
        "best_return": 0.226827,
        "worst_return": -0.111333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
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        "regime_survival": 0.25,
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        "worst_return": -0.203734,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.056485,
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        "directional_follow_through": 0.333333,
        "median_excess_return": -0.046639,
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        "worst_return": -0.056635,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "directional_follow_through": 0.5,
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        "worst_return": -0.041406,
        "sufficient": false
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    ],
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      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      {
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      {
        "regime": "rotation_up",
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      },
      {
        "regime": "balance",
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        "regime": "rotation_down",
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        "active": false
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        "energy": 42.049073,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "volume": 8588,
        "typical_volume": 13417.6,
        "trend": 74.771794,
        "fair_value": 66.205861,
        "relative_strength": 16.63234,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 35.162364,
        "activity_lines": [
          95.318657,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 12066.65,
        "trend": 75.666029,
        "fair_value": 66.418773,
        "relative_strength": 6.10206,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.739637,
        "energy": 24.733087,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "volume": 715,
        "typical_volume": 11972.5,
        "trend": 76.975542,
        "fair_value": 66.705211,
        "relative_strength": 23.601209,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 32.585647,
        "activity_lines": [
          95.056922,
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      },
      {
        "date": "2026-05-22",
        "close": 98.68,
        "volume": 16993,
        "typical_volume": 12338.25,
        "trend": 78.146209,
        "fair_value": 66.993272,
        "relative_strength": 22.213029,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.611935,
        "energy": 36.779167,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 90.720001,
        "volume": 1317,
        "typical_volume": 11635.95,
        "trend": 79.075821,
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        "relative_strength": 13.674213,
        "stage": 2,
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        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 95.300003,
        "volume": 74,
        "typical_volume": 11545.2,
        "trend": 80.154862,
        "fair_value": 67.469046,
        "relative_strength": 22.367883,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 29.814439,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 91.620003,
        "volume": 373,
        "typical_volume": 11438.8,
        "trend": 81.085171,
        "fair_value": 67.678581,
        "relative_strength": 16.185685,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.25555,
        "energy": 19.369499,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": 6.736323,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 80.199997,
        "volume": 1098,
        "typical_volume": 11112.35,
        "trend": 82.505208,
        "fair_value": 68.004299,
        "relative_strength": 0.712239,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -5.737583,
        "energy": 18.977469,
        "activity_lines": [
          85.881334,
          89.863164,
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          88.893549
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      },
      {
        "date": "2026-07-03",
        "close": 84.690002,
        "volume": 16,
        "typical_volume": 11088.5,
        "trend": 83.282444,
        "fair_value": 68.182563,
        "relative_strength": 5.743318,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 1.555911,
        "energy": 29.515232,
        "activity_lines": [
          84.738001,
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          89.034504
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      },
      {
        "date": "2026-07-10",
        "close": 85.68,
        "volume": 1577,
        "typical_volume": 10946.75,
        "trend": 84.103158,
        "fair_value": 68.367173,
        "relative_strength": 5.022158,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -0.194457,
        "energy": 35.269797,
        "activity_lines": [
          84.326667,
          87.524279,
          91.194006,
          89.189185
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      },
      {
        "date": "2026-07-17",
        "close": 94.809998,
        "volume": 1855,
        "typical_volume": 10244.05,
        "trend": 85.18695,
        "fair_value": 68.591386,
        "relative_strength": 18.847419,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 16.614153,
        "energy": 18.756873,
        "activity_lines": [
          87.599999,
          88.427637,
          91.389121,
          89.879948
        ]
      },
      {
        "date": "2026-07-24",
        "close": 102.800003,
        "volume": 1629,
        "typical_volume": 8690.15,
        "trend": 86.503677,
        "fair_value": 68.882464,
        "relative_strength": 28.189432,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.476834,
        "energy": 31.00955,
        "activity_lines": [
          93.324001,
          90.673819,
          92.254058,
          91.016274
        ]
      },
      {
        "date": "2026-07-31",
        "close": 103.900002,
        "volume": 3954,
        "typical_volume": 7785.3,
        "trend": 87.811559,
        "fair_value": 69.155901,
        "relative_strength": 26.295151,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.7757,
        "energy": 44.450204,
        "activity_lines": [
          98.078668,
          93.069092,
          93.150589,
          92.138618
        ]
      },
      {
        "date": "2026-08-07",
        "close": 99.099998,
        "volume": 2779,
        "typical_volume": 5703.05,
        "trend": 89.047845,
        "fair_value": 69.391498,
        "relative_strength": 23.753713,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 57.072951,
        "energy": 53.4163,
        "activity_lines": [
          99.653334,
          94.496728,
          93.53854,
          92.866904
        ]
      }
    ],
    "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."
    }
  }
}