{ "ticker": { "uuid": "8b425b49-58b3-4a11-9f5b-d72a9b21defc", "symbol": "SALM", "name": "SalMar ASA", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -39.084, "architecture_energy": 22.554, "architecture_maturity": 79.676, "architecture_confidence": 78.548, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 35.39, "rotation_up": 26.82, "upward_expansion": 15.25, "deceleration": 46.72, "rotation_down": 28.65, "downward_expansion": 62.92 }, "activity_lines": [ 510.733331, 504.65083, 518.43055, 529.90323 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 523.5, "trend_reference": 544.056955, "distance_from_trend": -0.037785, "trend_direction": "Weakening", "fair_value": 532.931626, "distance_from_fair_value": -0.017698, "fair_value_direction": "Weakening", "relative_strength": -16.177589, "relative_strength_direction": "Weakening", "price_momentum": -0.123116, "excess_performance": -0.248109, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.037785, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.050683, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.017698, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.01475, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.161776, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.013592, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.123116, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.75636, "read": "Demand-led" } ], "volume": { "latest": 875496, "relative_activity": 1.241805, "balance": 1.75636, "dry_up": 1.039157, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.055338, "annualized_volatility": 0.296792, "from_high_reference": -0.165072, "from_low_reference": 0.164368 }, "levels": { "trend_reference": 544.056955, "fair_value_reference": 532.931626, 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85.698278, "activity_lines": [ 488.092828, 510.335231, 528.368811, 540.446316 ] }, { "date": "2026-07-17", "close": 490.799988, "volume": 758722, "typical_volume": 778734.95, "trend": 552.573622, "fair_value": 530.943991, "relative_strength": -18.896262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.5644, "energy": 78.437641, "activity_lines": [ 484.68123, 504.29582, 523.53115, 536.17877 ] }, { "date": "2026-07-24", "close": 508.5, "volume": 717617, "typical_volume": 754816.2, "trend": 549.273622, "fair_value": 531.574719, "relative_strength": -18.003773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.341501, "energy": 72.429419, "activity_lines": [ 489.653331, 502.035969, 520.751585, 533.33531 ] }, { "date": "2026-07-31", "close": 518.5, "volume": 578666, "typical_volume": 734787.95, "trend": 545.923622, "fair_value": 532.254065, "relative_strength": -16.802788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.526184, "energy": 43.193374, "activity_lines": [ 499.393331, 502.395996, 519.202972, 531.349915 ] }, { "date": "2026-08-07", "close": 523.5, "volume": 875496, "typical_volume": 705018.75, "trend": 544.056955, "fair_value": 532.931626, "relative_strength": -16.177589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.083541, "energy": 22.553984, "activity_lines": [ 510.733331, 504.65083, 518.43055, 529.90323 ] } ], "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." } } }