{ "ticker": { "uuid": "e0b95333-ab96-4df6-b376-2d823116fc6a", "symbol": "ZAL", "name": "Zalaris 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 57.12, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 28.133, "architecture_energy": 18.587, "architecture_maturity": 74.232, "architecture_confidence": 44.387, "architecture_tenure": "Established", "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": 55.28, "rotation_up": 35.7, "upward_expansion": 64.73, "deceleration": 68.32, "rotation_down": 23.29, "downward_expansion": 10.4 }, "activity_lines": [ 100.093333, 100.218182, 99.91619, 98.084301 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 96.599998, "trend_reference": 94.69, "distance_from_trend": 0.020171, "trend_direction": "Improving", "fair_value": 73.951185, "distance_from_fair_value": 0.306267, "fair_value_direction": "Weakening", "relative_strength": -4.679378, "relative_strength_direction": "Weakening", "price_momentum": 0.166667, "excess_performance": 0.041673, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.020171, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043723, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.306267, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.131888, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.046794, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.06334, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.166667, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.106619, "read": "Supply-led" } ], "volume": { "latest": 4105, "relative_activity": 0.048418, "balance": 0.106619, "dry_up": 0.05947, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.058369, "annualized_volatility": 0.397474, "from_high_reference": -0.191632, "from_low_reference": 0.364407 }, "levels": { "trend_reference": 94.69, "fair_value_reference": 73.951185, "structural_low": 70.800003, 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99.400002, "volume": 8009, "typical_volume": 223559.35, "trend": 92.916667, "fair_value": 72.465216, "relative_strength": 3.490728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.445386, "energy": 46.147964, "activity_lines": [ 99.586668, 99.65091, 98.972381, 96.218065 ] }, { "date": "2026-07-17", "close": 102.0, "volume": 1116, "typical_volume": 212848.35, "trend": 93.416667, "fair_value": 72.852794, "relative_strength": 4.623793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.713379, "energy": 49.450929, "activity_lines": [ 100.373334, 100.089092, 99.479524, 96.804086 ] }, { "date": "2026-07-24", "close": 105.0, "volume": 8587, "typical_volume": 207847.7, "trend": 93.99, "fair_value": 73.245021, "relative_strength": 4.780105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.666464, "energy": 52.31087, "activity_lines": [ 102.000001, 101.021819, 100.147619, 97.551398 ] }, { "date": "2026-07-31", "close": 100.0, "volume": 6360, "typical_volume": 108885.95, "trend": 94.35, "fair_value": 73.605196, "relative_strength": -0.858437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.898914, "energy": 34.421203, "activity_lines": [ 101.613334, 100.940001, 100.198572, 97.93914 ] }, { "date": "2026-08-07", "close": 96.599998, "volume": 4105, "typical_volume": 84782.9, "trend": 94.69, "fair_value": 73.951185, "relative_strength": -4.679378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.132711, "energy": 18.586842, "activity_lines": [ 100.093333, 100.218182, 99.91619, 98.084301 ] } ], "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." } } }