{ "ticker": { "uuid": "8c1df0e7-277d-4d44-96d8-0faf590b95c5", "symbol": "NTEK-B", "name": "Novotek AB", "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": 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": -15.853, "architecture_energy": 23.83, "architecture_maturity": 100.0, "architecture_confidence": 81.005, "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": 38.71, "rotation_up": 42.38, "upward_expansion": 23.82, "deceleration": 41.33, "rotation_down": 23.84, "downward_expansion": 60.15 }, "activity_lines": [ 57.626667, 55.321819, 55.952938, 58.163582 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 59.700001, "trend_reference": 62.678615, "distance_from_trend": -0.047522, "trend_direction": "Weakening", "fair_value": 65.146997, "distance_from_fair_value": -0.083611, "fair_value_direction": "Weakening", "relative_strength": -25.693619, "relative_strength_direction": "Improving", "price_momentum": -0.241496, "excess_performance": -0.30299, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.047522, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.114216, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.083611, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.015849, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.256936, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.062003, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.241496, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.822648, "read": "Demand-led" } ], "volume": { "latest": 23257, "relative_activity": 0.752897, "balance": 1.822648, "dry_up": 1.964916, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.062492, "annualized_volatility": 0.300526, "from_high_reference": -0.479332, "from_low_reference": 0.194 }, "levels": { "trend_reference": 62.678615, "fair_value_reference": 65.146997, 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contraction", "gate": "down", "direction": -67.792523, "energy": 64.516125, "activity_lines": [ 51.52, 52.458182, 55.703566, 59.158831 ] }, { "date": "2026-07-24", "close": 55.900002, "volume": 114609, "typical_volume": 28906.0, "trend": 63.928364, "fair_value": 64.937786, "relative_strength": -30.019585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.912891, "energy": 49.288714, "activity_lines": [ 52.973334, 52.863637, 55.469344, 58.58639 ] }, { "date": "2026-07-31", "close": 61.0, "volume": 66759, "typical_volume": 30775.7, "trend": 63.325156, "fair_value": 65.044331, "relative_strength": -23.746868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.432559, "energy": 18.511987, "activity_lines": [ 55.800001, 54.236364, 55.761887, 58.397463 ] }, { "date": "2026-08-07", "close": 59.700001, "volume": 23257, "typical_volume": 30890.0, "trend": 62.678615, "fair_value": 65.146997, "relative_strength": -25.693619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.852717, "energy": 23.830237, "activity_lines": [ 57.626667, 55.321819, 55.952938, 58.163582 ] } ], "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." } } }