{ "ticker": { "uuid": "93332e92-b14f-4f8a-b020-a8f7688019c9", "symbol": "RAY-B", "name": "RaySearch Laboratories AB (publ)", "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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -22.157, "architecture_energy": 36.721, "architecture_maturity": 11.396, "architecture_confidence": 74.844, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 40.52, "rotation_up": 19.43, "upward_expansion": 21.49, "deceleration": 57.98, "rotation_down": 68.63, "downward_expansion": 44.16 }, "activity_lines": [ 180.666664, 194.250907, 199.762772, 198.189325 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 179.899994, "trend_reference": 196.195234, "distance_from_trend": -0.083056, "trend_direction": "Weakening", "fair_value": 181.886291, "distance_from_fair_value": -0.010921, "fair_value_direction": "Weakening", "relative_strength": -25.191801, "relative_strength_direction": "Improving", "price_momentum": 0.026298, "excess_performance": -0.035196, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.083056, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.033246, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.010921, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.08385, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.251918, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.073637, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.026298, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.815512, "read": "Supply-led" } ], "volume": { "latest": 676655, "relative_activity": 0.934931, "balance": 0.815512, "dry_up": 1.636558, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.120067, "annualized_volatility": 0.615287, "from_high_reference": -0.390689, "from_low_reference": 0.175049 }, "levels": { "trend_reference": 196.195234, "fair_value_reference": 181.886291, "structural_low": 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"trend": 200.190537, "fair_value": 179.794758, "relative_strength": -27.750764, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 12.449301, "energy": 9.940307, "activity_lines": [ 208.853331, 212.010908, 206.65071, 202.491053 ] }, { "date": "2026-07-24", "close": 170.300003, "volume": 1243381, "typical_volume": 723456.25, "trend": 198.538965, "fair_value": 180.45118, "relative_strength": -29.184363, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.535369, "energy": 15.893331, "activity_lines": [ 195.046665, 204.701817, 203.687535, 200.562631 ] }, { "date": "2026-07-31", "close": 179.199997, "volume": 751882, "typical_volume": 715636.85, "trend": 197.347273, "fair_value": 181.156071, "relative_strength": -25.146138, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.610901, "energy": 30.768458, "activity_lines": [ 186.719998, 199.125453, 201.674083, 199.314956 ] }, { "date": "2026-08-07", "close": 179.899994, "volume": 676655, "typical_volume": 723748.8, "trend": 196.195234, "fair_value": 181.886291, "relative_strength": -25.191801, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.157429, "energy": 36.721202, "activity_lines": [ 180.666664, 194.250907, 199.762772, 198.189325 ] } ], "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." } } }