{ "ticker": { "uuid": "c980d6b9-6779-40a3-9a36-f9eb6605a546", "symbol": "TRSB", "name": "Tr\u00f8ndelag Sparebank", "exchange": "OSL", "country": "NO", "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": "OSEBX.OL", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 94.045, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 53.795, "architecture_energy": 50.382, "architecture_maturity": 5.522, "architecture_confidence": 62.64, "architecture_tenure": "New", "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": 24.19, "rotation_up": 68.04, "upward_expansion": 81.32, "deceleration": 49.9, "rotation_down": 11.57, "downward_expansion": 10.32 }, "activity_lines": [ 113.249333, 112.091273, 111.997714, 111.608514 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 113.0, "trend_reference": 110.890578, "distance_from_trend": 0.019023, "trend_direction": "Improving", "fair_value": 109.054336, "distance_from_fair_value": 0.036181, "fair_value_direction": "Weakening", "relative_strength": -8.814789, "relative_strength_direction": "Weakening", "price_momentum": 0.054172, "excess_performance": -0.070822, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.019023, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.008452, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.036181, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.037103, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.088148, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.006651, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.054172, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.76608, "read": "Demand-led" } ], "volume": { "latest": 5, "relative_activity": 0.001103, "balance": 1.76608, "dry_up": 0.10305, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.023349, "annualized_volatility": 0.185316, "from_high_reference": -0.05042, "from_low_reference": 0.12445 }, "levels": { "trend_reference": 110.890578, "fair_value_reference": 109.054336, "structural_low": 106.733734, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, 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"relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-06-12", "close": 110.0, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-06-19", "close": 110.0, "volume": 720, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-06-26", "close": 109.019997, "volume": 42, "typical_volume": 5618.0, "trend": 110.330175, "fair_value": 108.807911, "relative_strength": -8.218632, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.209156, "energy": 23.394015, "activity_lines": [ 109.673332, 110.94509, 111.377444, 110.917979 ] }, { "date": "2026-07-03", "close": 108.5, "volume": 300, "typical_volume": 5632.95, "trend": 110.300361, "fair_value": 108.80411, "relative_strength": -10.394177, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.442649, "energy": 32.682743, "activity_lines": [ 109.238666, 110.243272, 111.145729, 110.799903 ] }, { "date": "2026-07-10", "close": 111.300003, "volume": 11162, "typical_volume": 6190.95, "trend": 110.467883, "fair_value": 108.834547, "relative_strength": -7.267124, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.270148, "energy": 15.519694, "activity_lines": [ 109.837334, 110.222909, 111.196791, 110.864396 ] }, { "date": "2026-07-17", "close": 114.279999, "volume": 149, "typical_volume": 6175.95, "trend": 110.688799, "fair_value": 108.900155, "relative_strength": -5.736336, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 42.478203, "energy": 17.742233, "activity_lines": [ 111.342667, 110.811636, 111.509917, 111.110339 ] }, { "date": "2026-07-24", "close": 113.959999, "volume": 40, "typical_volume": 6177.2, "trend": 110.756762, "fair_value": 108.960392, "relative_strength": -7.958428, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 46.153526, "energy": 29.617503, "activity_lines": [ 112.456, 111.384363, 111.758365, 111.321384 ] }, { "date": "2026-07-31", "close": 113.0, "volume": 1674, "typical_volume": 4534.35, "trend": 110.792724, "fair_value": 109.007916, "relative_strength": -8.786085, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.930508, "energy": 33.643067, "activity_lines": [ 112.985333, 111.728727, 111.887262, 111.46611 ] }, { "date": "2026-08-07", "close": 113.0, "volume": 5, "typical_volume": 4531.8, "trend": 110.890578, "fair_value": 109.054336, "relative_strength": -8.814789, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.794956, "energy": 50.38249, "activity_lines": [ 113.249333, 112.091273, 111.997714, 111.608514 ] } ], "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." } } }