{ "ticker": { "uuid": "a60fe966-021c-4dcb-9bc7-09af70944cab", "symbol": "QAIR", "name": "QleanAir 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": "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": -71.622, "architecture_energy": 76.174, "architecture_maturity": 21.511, "architecture_confidence": 96, "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": 12.49, "rotation_up": 18.0, "upward_expansion": 17.92, "deceleration": 37.79, "rotation_down": 69.87, "downward_expansion": 95.92 }, "activity_lines": [ 19.443334, 20.026364, 21.495953, 22.644624 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 19.0, "trend_reference": 23.57, "distance_from_trend": -0.193891, "trend_direction": "Weakening", "fair_value": 24.402432, "distance_from_fair_value": -0.221389, "fair_value_direction": "Weakening", "relative_strength": -25.859692, "relative_strength_direction": "Weakening", "price_momentum": -0.274809, "excess_performance": -0.336304, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.193891, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003102, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.221389, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.326629, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.258597, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.384978, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.274809, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.067843, "read": "Supply-led" } ], "volume": { "latest": 50010, "relative_activity": 1.263236, "balance": 0.067843, "dry_up": 0.827696, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.09919, "annualized_volatility": 0.329828, "from_high_reference": -0.364548, "from_low_reference": 0.02981 }, "levels": { "trend_reference": 23.57, "fair_value_reference": 24.402432, "structural_low": 18.6, "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": 26, "median_return": -0.040429, "positive_rate": 0.307692, "directional_follow_through": 0.692308, "median_excess_return": -0.039625, "regime_survival": 0.923077, "best_return": 0.228426, "worst_return": -0.289286, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.184358, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.200694, "regime_survival": 0.777778, "best_return": 0.283019, "worst_return": -0.334572, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.30907, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.195629, "regime_survival": 0.6, "best_return": 0.712329, "worst_return": -0.462162, "sufficient": true }, { "horizon": "Full 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}, { "date": "2026-07-10", "close": 20.200001, "volume": 13317, "typical_volume": 38709.25, "trend": 23.695, "fair_value": 24.602399, "relative_strength": -19.265964, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.22974, "energy": 41.640674, "activity_lines": [ 20.960001, 21.412728, 23.163334, 23.725807 ] }, { "date": "2026-07-17", "close": 19.65, "volume": 38251, "typical_volume": 38290.4, "trend": 23.65, "fair_value": 24.579831, "relative_strength": -20.373933, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.840156, "energy": 57.92429, "activity_lines": [ 20.476667, 20.949091, 22.714286, 23.464839 ] }, { "date": "2026-07-24", "close": 19.450001, "volume": 19091, "typical_volume": 37974.1, "trend": 23.611667, "fair_value": 24.551271, "relative_strength": -22.10409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.057134, "energy": 70.615451, "activity_lines": [ 20.023334, 20.588182, 22.282143, 23.193871 ] }, { "date": "2026-07-31", "close": 19.700001, "volume": 23718, "typical_volume": 37888.9, "trend": 23.601667, "fair_value": 24.506729, "relative_strength": -21.931155, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.11408, "energy": 72.073915, "activity_lines": [ 19.783334, 20.34091, 21.905953, 22.941506 ] }, { "date": "2026-08-07", "close": 19.0, "volume": 50010, "typical_volume": 39588.8, "trend": 23.57, "fair_value": 24.402432, "relative_strength": -25.859692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.621943, "energy": 76.17444, "activity_lines": [ 19.443334, 20.026364, 21.495953, 22.644624 ] } ], "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." } } }