{ "ticker": { "uuid": "cddef924-1cd5-4494-ae07-d8759816a49a", "symbol": "NCC-B", "name": "NCC 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -66.304, "architecture_energy": 86.777, "architecture_maturity": 34.029, "architecture_confidence": 81.971, "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": 6.67, "rotation_up": 8.72, "upward_expansion": 21.95, "deceleration": 37.01, "rotation_down": 76.8, "downward_expansion": 95.28 }, "activity_lines": [ 172.186669, 178.340002, 185.876012, 191.246655 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 174.0, "trend_reference": 198.940084, "distance_from_trend": -0.125365, "trend_direction": "Weakening", "fair_value": 158.302116, "distance_from_fair_value": 0.099164, "fair_value_direction": "Weakening", "relative_strength": -22.951225, "relative_strength_direction": "Weakening", "price_momentum": -0.213765, "excess_performance": -0.275259, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.125365, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.041172, "read": "Falling" 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"activity_lines": [ 189.946669, 190.92182, 195.36777, 199.401173 ] }, { "date": "2026-07-17", "close": 169.5, "volume": 1589360, "typical_volume": 891871.5, "trend": 203.266465, "fair_value": 156.859618, "relative_strength": -22.081277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.939181, "energy": 73.365785, "activity_lines": [ 182.766669, 186.778183, 192.575479, 197.144975 ] }, { "date": "2026-07-24", "close": 170.600006, "volume": 764999, "typical_volume": 874218.55, "trend": 202.001797, "fair_value": 157.327139, "relative_strength": -22.557568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.092121, "energy": 83.215074, "activity_lines": [ 177.373337, 183.400002, 190.095964, 195.037461 ] }, { "date": "2026-07-31", "close": 169.800003, "volume": 874838, "typical_volume": 870794.55, "trend": 200.555701, "fair_value": 157.787909, "relative_strength": -23.693542, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.646881, "energy": 89.874384, "activity_lines": [ 173.320003, 180.260003, 187.70895, 192.959926 ] }, { "date": "2026-08-07", "close": 174.0, "volume": 1384197, "typical_volume": 898521.25, "trend": 198.940084, "fair_value": 158.302116, "relative_strength": -22.951225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.303938, "energy": 86.776686, "activity_lines": [ 172.186669, 178.340002, 185.876012, 191.246655 ] } ], "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." } } }