{ "ticker": { "uuid": "d123c98c-dc44-42a9-a193-7d1626dde9a1", "symbol": "WSTEP", "name": "Webstep ASA", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 86.753, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -17.217, "architecture_energy": 18.39, "architecture_maturity": 75.082, "architecture_confidence": 75.083, "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": 44.95, "rotation_up": 34.86, "upward_expansion": 21.33, "deceleration": 44.1, "rotation_down": 19.18, "downward_expansion": 55.33 }, "activity_lines": [ 14.91, 14.504545, 14.840271, 15.216414 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 15.75, "trend_reference": 15.733855, "distance_from_trend": 0.001026, "trend_direction": "Weakening", "fair_value": 18.518126, "distance_from_fair_value": -0.149482, "fair_value_direction": "Weakening", "relative_strength": -17.82878, "relative_strength_direction": "Improving", "price_momentum": -0.070873, "excess_performance": -0.195867, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.001026, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.04803, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.149482, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.031473, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.178288, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.048192, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.070873, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.695532, "read": "Supply-led" } ], "volume": { "latest": 36300, "relative_activity": 0.658935, "balance": 0.695532, "dry_up": 0.531169, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.061727, "annualized_volatility": 0.232377, "from_high_reference": -0.301267, "from_low_reference": 0.188679 }, "levels": { "trend_reference": 15.733855, "fair_value_reference": 18.518126, "structural_low": 13.25, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": -0.017391, "positive_rate": 0.434783, "directional_follow_through": 0.565217, "median_excess_return": -0.032031, "regime_survival": 0.782609, "best_return": 0.204188, "worst_return": -0.125523, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.070632, "positive_rate": 0.333333, "directional_follow_through": 0.555556, "median_excess_return": -0.06002, "regime_survival": 0.555556, "best_return": 0.248, "worst_return": -0.142857, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.142857, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.040889, "regime_survival": 0.2, "best_return": 0.175644, "worst_return": -0.166667, "sufficient": true }, { "horizon": 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75.24886, "activity_lines": [ 13.88, 14.287057, 15.073458, 15.50767 ] }, { "date": "2026-07-17", "close": 14.15, "volume": 38143, "typical_volume": 61385.2, "trend": 15.959538, "fair_value": 18.642906, "relative_strength": -26.380939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.051435, "energy": 51.748785, "activity_lines": [ 13.97, 14.170334, 14.939812, 15.385098 ] }, { "date": "2026-07-24", "close": 14.6, "volume": 22845, "typical_volume": 58685.05, "trend": 15.868941, "fair_value": 18.600635, "relative_strength": -25.007619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.938993, "energy": 38.134929, "activity_lines": [ 14.22, 14.186364, 14.861055, 15.297386 ] }, { "date": "2026-07-31", "close": 14.65, "volume": 19758, "typical_volume": 56255.0, "trend": 15.786119, "fair_value": 18.555083, "relative_strength": -24.176087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.352335, "energy": 28.744305, "activity_lines": [ 14.406667, 14.240909, 14.795202, 15.218745 ] }, { "date": "2026-08-07", "close": 15.75, "volume": 36300, "typical_volume": 55088.9, "trend": 15.733855, "fair_value": 18.518126, "relative_strength": -17.82878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.216986, "energy": 18.390426, "activity_lines": [ 14.91, 14.504545, 14.840271, 15.216414 ] } ], "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." } } }