{ "ticker": { "uuid": "bb4231a1-b012-4719-b2ec-164b95e958db", "symbol": "FNM", "name": "Ferronordic 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": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 71.197, "architecture_energy": 55.661, "architecture_maturity": 46.427, "architecture_confidence": 91.744, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 10.82, "rotation_up": 60.96, "upward_expansion": 81.71, "deceleration": 61.24, "rotation_down": 20.22, "downward_expansion": 8.38 }, "activity_lines": [ 65.746665, 64.087272, 59.173333, 55.695376 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 68.199997, "trend_reference": 52.376667, "distance_from_trend": 0.302106, "trend_direction": "Improving", "fair_value": 58.90641, "distance_from_fair_value": 0.157769, "fair_value_direction": "Improving", "relative_strength": 23.458184, "relative_strength_direction": "Improving", "price_momentum": 0.306513, "excess_performance": 0.245019, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.302106, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.140359, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.157769, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.452564, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.234582, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.398286, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.306513, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.481664, "read": "Demand-led" } ], "volume": { "latest": 52332, "relative_activity": 1.413681, "balance": 3.481664, "dry_up": 0.727736, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.095985, "annualized_volatility": 0.461937, "from_high_reference": -0.02849, "from_low_reference": 0.726582 }, "levels": { "trend_reference": 52.376667, "fair_value_reference": 58.90641, "structural_low": 39.5, 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"relative_strength": 13.971293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.43966, "energy": 47.095877, "activity_lines": [ 60.573334, 60.501819, 54.893334, 52.586344 ] }, { "date": "2026-07-24", "close": 65.599998, "volume": 19758, "typical_volume": 36079.45, "trend": 50.863333, "fair_value": 58.958013, "relative_strength": 23.779583, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.032961, "energy": 50.559856, "activity_lines": [ 62.133333, 61.789091, 56.285953, 53.584624 ] }, { "date": "2026-07-31", "close": 67.0, "volume": 25598, "typical_volume": 36112.8, "trend": 51.62, "fair_value": 58.925961, "relative_strength": 24.213542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.972111, "energy": 53.934344, "activity_lines": [ 63.866666, 62.981818, 57.723572, 54.625699 ] }, { "date": "2026-08-07", "close": 68.199997, "volume": 52332, "typical_volume": 37018.25, "trend": 52.376667, "fair_value": 58.90641, "relative_strength": 23.458184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.197049, "energy": 55.660675, "activity_lines": [ 65.746665, 64.087272, 59.173333, 55.695376 ] } ], "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." } } }