{ "ticker": { "uuid": "a7fcbc4c-830e-41d7-ac6f-1c47d1769c63", "symbol": "ACTI", "name": "Active Biotech 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -20.255, "architecture_energy": 35.962, "architecture_maturity": 4.4, "architecture_confidence": 64.348, "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": 37.03, "rotation_up": 17.43, "upward_expansion": 21.77, "deceleration": 52.45, "rotation_down": 59.24, "downward_expansion": 51.44 }, "activity_lines": [ 5.269333, 5.427364, 5.80031, 5.710785 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 5.46, "trend_reference": 5.432833, "distance_from_trend": 0.005, "trend_direction": "Improving", "fair_value": 13.462538, "distance_from_fair_value": -0.59443, "fair_value_direction": "Improving", "relative_strength": -32.14593, "relative_strength_direction": "Improving", "price_momentum": 0.421875, "excess_performance": 0.360381, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.005, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01671, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.59443, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.035184, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.321459, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.177298, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.421875, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.81502, "read": "Demand-led" } ], "volume": { "latest": 201843, "relative_activity": 0.213696, "balance": 2.81502, "dry_up": 0.243375, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.141026, "annualized_volatility": 0.980762, "from_high_reference": -0.687217, "from_low_reference": 0.475676 }, "levels": { "trend_reference": 5.432833, "fair_value_reference": 13.462538, "structural_low": 3.7, "invalidation": "A renewed decline 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"modifier": "Upper balance after advance", "gate": "up", "direction": 0.632422, "energy": 12.015847, "activity_lines": [ 5.603333, 5.943, 6.034119, 5.740978 ] }, { "date": "2026-07-17", "close": 5.16, "volume": 333826, "typical_volume": 1038342.1, "trend": 5.355833, "fair_value": 13.915904, "relative_strength": -39.057312, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.475243, "energy": 20.833929, "activity_lines": [ 5.401333, 5.770364, 5.969143, 5.729763 ] }, { "date": "2026-07-24", "close": 5.22, "volume": 217269, "typical_volume": 987930.55, "trend": 5.379833, "fair_value": 13.753323, "relative_strength": -37.170656, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.045853, "energy": 41.867663, "activity_lines": [ 5.283333, 5.617, 5.911452, 5.721 ] }, { "date": "2026-07-31", "close": 5.16, "volume": 166566, "typical_volume": 955730.15, "trend": 5.3985, "fair_value": 13.606246, "relative_strength": -36.511345, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.955888, "energy": 46.638651, "activity_lines": [ 5.203667, 5.477455, 5.844048, 5.706817 ] }, { "date": "2026-08-07", "close": 5.46, "volume": 201843, "typical_volume": 944534.9, "trend": 5.432833, "fair_value": 13.462538, "relative_strength": -32.14593, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.255195, "energy": 35.9615, "activity_lines": [ 5.269333, 5.427364, 5.80031, 5.710785 ] } ], "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." } } }