{ "ticker": { "uuid": "920c19c4-d773-49ba-8284-b1f05360b866", "symbol": "TECH", "name": "Techstep 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": -91.458, "architecture_energy": 96.878, "architecture_maturity": 70.0, "architecture_confidence": 77.653, "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": 3.33, "rotation_up": 8.01, "upward_expansion": 22.0, "deceleration": 37.0, "rotation_down": 87.17, "downward_expansion": 97.66 }, "activity_lines": [ 3.334, 5.174545, 7.11381, 8.149247 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 1.85, "trend_reference": 9.413, "distance_from_trend": -0.803463, "trend_direction": "Weakening", "fair_value": 10.920859, "distance_from_fair_value": -0.830599, "fair_value_direction": "Weakening", "relative_strength": -84.923456, "relative_strength_direction": "Weakening", "price_momentum": -0.84188, "excess_performance": -0.966874, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.803463, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.176177, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.830599, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.781075, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.849235, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.64052, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.84188, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.108184, "read": "Supply-led" } ], "volume": { "latest": 834103, "relative_activity": 4.050349, "balance": 0.108184, "dry_up": 3.967401, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.66736, "annualized_volatility": 1.689544, "from_high_reference": -0.867857, "from_low_reference": 0.15625 }, "levels": { "trend_reference": 9.413, "fair_value_reference": 10.920859, "structural_low": 1.6, "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": 37, "median_return": -0.022472, "positive_rate": 0.297297, "directional_follow_through": 0.675676, "median_excess_return": -0.03671, "regime_survival": 0.891892, "best_return": 0.157895, "worst_return": -0.764031, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.06422, "positive_rate": 0.181818, "directional_follow_through": 0.818182, "median_excess_return": -0.084675, "regime_survival": 0.636364, "best_return": 0.553488, "worst_return": -0.541667, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.125594, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.155177, "regime_survival": 0.5, "best_return": 0.279831, "worst_return": -0.526104, "sufficient": true }, { 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9.31219, 9.847763 ] }, { "date": "2026-07-17", "close": 7.98, "volume": 168471, "typical_volume": 55175.95, "trend": 10.468333, "fair_value": 11.117013, "relative_strength": -36.851932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.322287, "energy": 65.568518, "activity_lines": [ 7.966667, 8.302545, 9.132571, 9.675677 ] }, { "date": "2026-07-24", "close": 2.4, "volume": 2070287, "typical_volume": 158366.8, "trend": 10.113333, "fair_value": 11.050987, "relative_strength": -81.093594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.394493, "energy": 89.885181, "activity_lines": [ 6.113333, 7.148, 8.434952, 9.15514 ] }, { "date": "2026-07-31", "close": 2.44, "volume": 195224, "typical_volume": 167205.4, "trend": 9.768, "fair_value": 10.985282, "relative_strength": -80.471709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.724137, "energy": 97.194739, "activity_lines": [ 4.633333, 6.144364, 7.782095, 8.660086 ] }, { "date": "2026-08-07", "close": 1.85, "volume": 834103, "typical_volume": 205933.6, "trend": 9.413, "fair_value": 10.920859, "relative_strength": -84.923456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.457533, "energy": 96.878096, "activity_lines": [ 3.334, 5.174545, 7.11381, 8.149247 ] } ], "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." } } }