{ "ticker": { "uuid": "8dfc058a-49fb-465d-85d5-20bf9b786b9c", "symbol": "ZENI", "name": "Zenicor Medical Systems 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -56.952, "architecture_energy": 41.459, "architecture_maturity": 26.556, "architecture_confidence": 93.997, "architecture_tenure": "New", "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": 24.8, "rotation_up": 22.09, "upward_expansion": 5.57, "deceleration": 53.51, "rotation_down": 49.37, "downward_expansion": 76.57 }, "activity_lines": [ 0.971333, 0.978091, 1.049643, 1.095151 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 0.985, "trend_reference": 1.122833, "distance_from_trend": -0.122755, "trend_direction": "Weakening", "fair_value": 2.14766, "distance_from_fair_value": -0.541361, "fair_value_direction": "Weakening", "relative_strength": -35.935389, "relative_strength_direction": "Improving", "price_momentum": -0.087963, "excess_performance": -0.149457, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.122755, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.058552, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.541361, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.031516, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.359354, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.034134, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.087963, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.630674, "read": "Supply-led" } ], "volume": { "latest": 64919, "relative_activity": 0.540309, "balance": 0.630674, "dry_up": 1.232914, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.122999, "annualized_volatility": 0.545571, "from_high_reference": -0.669463, "from_low_reference": 0.223602 }, "levels": { "trend_reference": 1.122833, "fair_value_reference": 2.14766, "structural_low": 0.805, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 33, "median_return": -0.028, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.03711, "regime_survival": 0.848485, "best_return": 0.184211, "worst_return": -0.4, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.075, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.163822, "regime_survival": 0.545455, "best_return": 0.125348, "worst_return": -0.498851, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.188857, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.267028, "regime_survival": 0.166667, "best_return": 0.608939, "worst_return": -0.63908, "sufficient": true }, { "horizon": 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"regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": 0.091837, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.078704, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-21", "end": "2025-05-30", "tenure": "Developing", "return": 0.315789, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.045455, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-01", "tenure": "New", "return": -0.100719, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-09-26", "tenure": 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1.159731 ] }, { "date": "2026-07-03", "close": 1.0, "volume": 2980, "typical_volume": 172183.3, "trend": 1.1475, "fair_value": 2.251571, "relative_strength": -42.398875, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.496983, "energy": 56.398116, "activity_lines": [ 1.005, 1.061818, 1.142333, 1.149871 ] }, { "date": "2026-07-10", "close": 0.995, "volume": 20546, "typical_volume": 160877.9, "trend": 1.141, "fair_value": 2.23141, "relative_strength": -39.766829, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.24751, "energy": 69.521683, "activity_lines": [ 0.995, 1.042455, 1.124262, 1.140032 ] }, { "date": "2026-07-17", "close": 0.91, "volume": 95937, "typical_volume": 148916.15, "trend": 1.135667, "fair_value": 2.209295, "relative_strength": -42.670663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.260628, "energy": 74.065943, "activity_lines": [ 0.963667, 1.010636, 1.0985, 1.125129 ] }, { "date": "2026-07-24", "close": 0.93, "volume": 261327, "typical_volume": 133536.1, "trend": 1.128667, "fair_value": 2.188077, "relative_strength": -40.636423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.275345, "energy": 68.452721, "activity_lines": [ 0.950333, 0.987727, 1.076357, 1.11186 ] }, { "date": "2026-07-31", "close": 1.01, "volume": 170363, "typical_volume": 132942.1, "trend": 1.125333, "fair_value": 2.167115, "relative_strength": -34.737091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.617341, "energy": 51.588475, "activity_lines": [ 0.966, 0.983545, 1.063452, 1.104204 ] }, { "date": "2026-08-07", "close": 0.985, "volume": 64919, "typical_volume": 120151.55, "trend": 1.122833, "fair_value": 2.14766, "relative_strength": -35.935389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.952022, "energy": 41.459484, "activity_lines": [ 0.971333, 0.978091, 1.049643, 1.095151 ] } ], "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." } } }