{ "ticker": { "uuid": "cbad855f-7d25-457f-87e6-7f83eba4ed6d", "symbol": "SPOG", "name": "Sparebanken \u00d8st", "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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -54.291, "architecture_energy": 47.688, "architecture_maturity": 8.66, "architecture_confidence": 94.215, "architecture_tenure": "New", "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": 33.81, "rotation_up": 18.56, "upward_expansion": 9.07, "deceleration": 42.62, "rotation_down": 49.5, "downward_expansion": 77.74 }, "activity_lines": [ 72.174667, 72.553091, 73.769096, 74.654135 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": -0.333333 }, "latest_close": 72.599998, "trend_reference": 75.096873, "distance_from_trend": -0.033249, "trend_direction": "Improving", "fair_value": 58.41122, "distance_from_fair_value": 0.242912, "fair_value_direction": "Weakening", "relative_strength": -10.201759, "relative_strength_direction": "Weakening", "price_momentum": -0.012749, "excess_performance": -0.137743, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.033249, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.01826, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.242912, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.12725, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.102018, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.029861, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.012749, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.583841, "read": "Supply-led" } ], "volume": { "latest": 44588, "relative_activity": 0.519752, "balance": 0.583841, "dry_up": 0.72696, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.039118, "annualized_volatility": 0.165399, "from_high_reference": -0.121278, "from_low_reference": 0.126877 }, "levels": { "trend_reference": 75.096873, "fair_value_reference": 58.41122, "structural_low": 70.0, 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-9.679432, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.344301, "energy": 38.796939, "activity_lines": [ 72.706668, 73.228728, 74.818783, 75.240796 ] }, { "date": "2026-07-24", "close": 71.199997, "volume": 38977, "typical_volume": 99229.4, "trend": 75.141898, "fair_value": 57.952095, "relative_strength": -11.707587, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.629238, "energy": 49.871921, "activity_lines": [ 72.073333, 72.805455, 74.362539, 74.987193 ] }, { "date": "2026-07-31", "close": 72.480003, "volume": 34244, "typical_volume": 92873.7, "trend": 75.100512, "fair_value": 58.179811, "relative_strength": -10.276397, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.436611, "energy": 46.761205, "activity_lines": [ 72.106667, 72.640728, 74.049456, 74.815458 ] }, { "date": "2026-08-07", "close": 72.599998, "volume": 44588, "typical_volume": 85787.0, "trend": 75.096873, "fair_value": 58.41122, "relative_strength": -10.201759, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.290563, "energy": 47.687961, "activity_lines": [ 72.174667, 72.553091, 73.769096, 74.654135 ] } ], "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." } } }