{ "ticker": { "uuid": "aff85e36-ccbb-49f1-887c-12181ce22cc2", "symbol": "NAN", "name": "Nanosonics Limited", "exchange": "ASX", "country": "AU", "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": "^AXJO", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 82.314, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -18.952, "architecture_energy": 18.424, "architecture_maturity": 70.122, "architecture_confidence": 69.551, "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": 51.72, "rotation_up": 25.22, "upward_expansion": 11.14, "deceleration": 59.38, "rotation_down": 35.69, "downward_expansion": 67.8 }, "activity_lines": [ 3.259333, 3.248545, 3.291048, 3.360688 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 3.57, "trend_reference": 3.478667, "distance_from_trend": 0.026255, "trend_direction": "Weakening", "fair_value": 3.694487, "distance_from_fair_value": -0.033695, "fair_value_direction": "Improving", "relative_strength": -10.310874, "relative_strength_direction": "Improving", "price_momentum": -0.067885, "excess_performance": -0.131591, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.026255, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.073344, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.033695, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.077282, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.103109, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.04912, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.067885, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.928151, "read": "Supply-led" } ], "volume": { "latest": 1920957, "relative_activity": 0.897525, "balance": 0.928151, "dry_up": 0.839736, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.061086, "annualized_volatility": 0.364112, "from_high_reference": -0.251572, "from_low_reference": 0.214286 }, "levels": { "trend_reference": 3.478667, "fair_value_reference": 3.694487, "structural_low": 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"modifier": "Established contraction", "gate": "down", "direction": -63.327046, "energy": 39.250583, "activity_lines": [ 3.234, 3.249273, 3.336286, 3.418 ] }, { "date": "2026-07-24", "close": 2.98, "volume": 2089549, "typical_volume": 2510194.15, "trend": 3.523667, "fair_value": 3.714038, "relative_strength": -21.506944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.659325, "energy": 58.883972, "activity_lines": [ 3.142667, 3.196727, 3.295429, 3.380774 ] }, { "date": "2026-07-31", "close": 3.14, "volume": 1400054, "typical_volume": 2244185.25, "trend": 3.497667, "fair_value": 3.703462, "relative_strength": -18.826876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.222616, "energy": 61.203121, "activity_lines": [ 3.126667, 3.182182, 3.272, 3.356022 ] }, { "date": "2026-08-07", "close": 3.57, "volume": 1920957, "typical_volume": 2140281.4, "trend": 3.478667, "fair_value": 3.694487, "relative_strength": -10.310874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.952268, "energy": 18.424001, "activity_lines": [ 3.259333, 3.248545, 3.291048, 3.360688 ] } ], "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." } } }