{ "ticker": { "uuid": "e60de5bd-fbb6-481d-88ef-8b3a392e5c8e", "symbol": "NEWA-B", "name": "New Wave Group 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": -52.018, "architecture_energy": 29.975, "architecture_maturity": 65.501, "architecture_confidence": 84.58, "architecture_tenure": "Established", "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": 28.97, "rotation_up": 21.74, "upward_expansion": 7.29, "deceleration": 55.42, "rotation_down": 47.11, "downward_expansion": 71.62 }, "activity_lines": [ 93.573332, 93.599999, 94.836868, 95.371138 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 93.949997, "trend_reference": 97.287061, "distance_from_trend": -0.034301, "trend_direction": "Weakening", "fair_value": 99.241087, "distance_from_fair_value": -0.053316, "fair_value_direction": "Weakening", "relative_strength": -18.538219, "relative_strength_direction": "Improving", "price_momentum": -0.078933, "excess_performance": -0.140427, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.034301, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.051125, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.053316, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.040353, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.185382, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.003507, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.078933, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.518875, "read": "Supply-led" } ], "volume": { "latest": 731189, "relative_activity": 0.957028, "balance": 0.518875, "dry_up": 0.935292, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.03746, "annualized_volatility": 0.200694, "from_high_reference": -0.22415, "from_low_reference": 0.109565 }, "levels": { "trend_reference": 97.287061, "fair_value_reference": 99.241087, 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}, { "date": "2026-07-17", "close": 93.0, "volume": 638736, "typical_volume": 936105.0, "trend": 98.996937, "fair_value": 99.038325, "relative_strength": -17.351914, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.930989, "energy": 57.289124, "activity_lines": [ 93.156666, 94.390908, 95.279711, 96.309458 ] }, { "date": "2026-07-24", "close": 92.25, "volume": 801441, "typical_volume": 883638.4, "trend": 98.392936, "fair_value": 99.083064, "relative_strength": -18.644034, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.434108, "energy": 51.272125, "activity_lines": [ 92.79, 93.811818, 94.998687, 95.874172 ] }, { "date": "2026-07-31", "close": 94.5, "volume": 686962, "typical_volume": 832029.95, "trend": 97.854088, "fair_value": 99.157147, "relative_strength": -17.166122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.791853, "energy": 33.937544, "activity_lines": [ 93.346666, 93.711818, 94.949784, 95.623015 ] }, { "date": "2026-08-07", "close": 93.949997, "volume": 731189, "typical_volume": 764020.2, "trend": 97.287061, "fair_value": 99.241087, "relative_strength": -18.538219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.017883, "energy": 29.974749, "activity_lines": [ 93.573332, 93.599999, 94.836868, 95.371138 ] } ], "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." } } }