{
  "ticker": {
    "uuid": "da896ed1-45f8-4441-bf78-a98d257aeee3",
    "symbol": "BIEN",
    "name": "Bien Sparebank 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": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 88.745,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -27.134,
    "architecture_energy": 52.903,
    "architecture_maturity": 9.598,
    "architecture_confidence": 77.16,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 29.65,
        "rotation_up": 15.15,
        "upward_expansion": 26.01,
        "deceleration": 51.12,
        "rotation_down": 68.82,
        "downward_expansion": 55.68
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      "activity_lines": [
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        149.505892
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
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    "latest_close": 145.0,
    "trend_reference": 147.95536,
    "distance_from_trend": -0.019975,
    "trend_direction": "Improving",
    "fair_value": 114.020971,
    "distance_from_fair_value": 0.271696,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.345626,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.045654,
    "excess_performance": -0.07934,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.019975,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.005321,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.271696,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.202483,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.103456,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.085754,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.045654,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.808181,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 294,
      "relative_activity": 0.247298,
      "balance": 0.808181,
      "dry_up": 0.293982,
      "accumulation_observations": 1,
      "distribution_observations": 3
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    "risk": {
      "range_context": 0.033422,
      "annualized_volatility": 0.198617,
      "from_high_reference": -0.121212,
      "from_low_reference": 0.167242
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      "fair_value_reference": 114.020971,
      "structural_low": 134.817287,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 1,
        "median_return": 0.142287,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
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        "worst_return": 0.142287,
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        "horizon": "Intermediate",
        "sample_count": 1,
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "active": false
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        "end": "2024-08-23",
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        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-09-19",
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        "active": false
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.021739,
        "active": false
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        "regime": "rotation_up",
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        "end": "2025-12-12",
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        "active": false
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        "regime": "balance",
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      },
      {
        "date": "2026-07-10",
        "close": 142.0,
        "volume": 3141,
        "typical_volume": 1500.95,
        "trend": 149.008819,
        "fair_value": 112.252836,
        "relative_strength": -8.962919,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -37.427924,
        "energy": 37.789465,
        "activity_lines": [
          148.266667,
          152.036364,
          152.664284,
          150.624818
        ]
      },
      {
        "date": "2026-07-17",
        "close": 145.0,
        "volume": 562,
        "typical_volume": 1435.6,
        "trend": 148.770454,
        "fair_value": 112.699677,
        "relative_strength": -7.993234,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.840925,
        "energy": 42.753144,
        "activity_lines": [
          145.866667,
          150.381818,
          152.152393,
          150.366185
        ]
      },
      {
        "date": "2026-07-24",
        "close": 144.0,
        "volume": 400,
        "typical_volume": 1414.0,
        "trend": 148.498756,
        "fair_value": 113.141231,
        "relative_strength": -10.636784,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.832855,
        "energy": 59.181445,
        "activity_lines": [
          144.266667,
          148.8,
          151.510532,
          150.058413
        ]
      },
      {
        "date": "2026-07-31",
        "close": 143.0,
        "volume": 142,
        "typical_volume": 1329.15,
        "trend": 148.065327,
        "fair_value": 113.57413,
        "relative_strength": -11.468521,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.212843,
        "energy": 64.663832,
        "activity_lines": [
          143.6,
          147.254545,
          150.738878,
          149.703655
        ]
      },
      {
        "date": "2026-08-07",
        "close": 145.0,
        "volume": 294,
        "typical_volume": 1188.85,
        "trend": 147.95536,
        "fair_value": 114.020971,
        "relative_strength": -10.345626,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.133686,
        "energy": 52.90308,
        "activity_lines": [
          144.066667,
          146.254545,
          150.118734,
          149.505892
        ]
      }
    ],
    "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."
    }
  }
}