{ "ticker": { "uuid": "aba73437-b64e-4bcc-b031-238752a84259", "symbol": "ENGCON-B", "name": "engcon 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": -26.994, "architecture_energy": 15.457, "architecture_maturity": 39.236, "architecture_confidence": 60.322, "architecture_tenure": "Developing", "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": 49.46, "rotation_up": 33.07, "upward_expansion": 24.83, "deceleration": 39.82, "rotation_down": 30.67, "downward_expansion": 52.16 }, "activity_lines": [ 65.926667, 65.38, 65.682163, 65.901214 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 65.300003, "trend_reference": 67.783261, "distance_from_trend": -0.036635, "trend_direction": "Weakening", "fair_value": 84.601127, "distance_from_fair_value": -0.228143, "fair_value_direction": "Weakening", "relative_strength": -19.632902, "relative_strength_direction": "Improving", "price_momentum": -0.214138, "excess_performance": -0.275632, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.036635, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.059437, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.228143, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.009183, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.196329, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.02119, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.214138, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.375737, "read": "Demand-led" } ], "volume": { "latest": 559906, "relative_activity": 0.782715, "balance": 1.375737, "dry_up": 1.061008, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.069031, "annualized_volatility": 0.458904, "from_high_reference": -0.274789, "from_low_reference": 0.195939 }, "levels": { "trend_reference": 67.783261, "fair_value_reference": 84.601127, 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"regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.037964, "energy": 46.534444, "activity_lines": [ 63.526667, 64.878181, 65.051511, 66.565341 ] }, { "date": "2026-07-17", "close": 68.099998, "volume": 1002476, "typical_volume": 779367.7, "trend": 69.347006, "fair_value": 84.81919, "relative_strength": -13.681283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.767539, "energy": 23.372744, "activity_lines": [ 64.893333, 65.307272, 65.380269, 66.457128 ] }, { "date": "2026-07-24", "close": 67.0, "volume": 812837, "typical_volume": 774173.7, "trend": 68.903213, "fair_value": 84.782136, "relative_strength": -16.018843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.780198, "energy": 12.01151, "activity_lines": [ 65.68, 65.523636, 65.594351, 66.305708 ] }, { "date": "2026-07-31", "close": 65.699997, "volume": 660700, "typical_volume": 742144.55, "trend": 68.36645, "fair_value": 84.707319, "relative_strength": -18.258526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.216858, "energy": 12.693187, "activity_lines": [ 65.973332, 65.461817, 65.660565, 66.099049 ] }, { "date": "2026-08-07", "close": 65.300003, "volume": 559906, "typical_volume": 715338.2, "trend": 67.783261, "fair_value": 84.601127, "relative_strength": -19.632902, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.994344, "energy": 15.457274, "activity_lines": [ 65.926667, 65.38, 65.682163, 65.901214 ] } ], "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." } } }