{ "ticker": { "uuid": "e77ac35a-10c1-4702-8599-6d7004bdb57c", "symbol": "NOEJ", "name": "NORMA Group SE", "exchange": "VIE", "country": "AT", "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": "^ATX", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 79.023, "architecture_energy": 85.083, "architecture_maturity": 36.595, "architecture_confidence": 77.591, "architecture_tenure": "Developing", "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": 3.98, "rotation_up": 78.17, "upward_expansion": 97.78, "deceleration": 39.46, "rotation_down": 13.93, "downward_expansion": 19.78 }, "activity_lines": [ 18.554667, 18.150482, 17.528557, 16.990406 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 18.940001, "trend_reference": 16.36374, "distance_from_trend": 0.157437, "trend_direction": "Improving", "fair_value": 15.082699, "distance_from_fair_value": 0.255744, "fair_value_direction": "Improving", "relative_strength": -2.013129, "relative_strength_direction": "Improving", "price_momentum": 0.186717, "excess_performance": 0.01247, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.157437, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.086512, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.255744, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.125149, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.020131, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.021193, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.186717, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.027027, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 2.027027, "dry_up": 0.08715, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.04218, "annualized_volatility": 0.39079, "from_high_reference": -0.007337, "from_low_reference": 0.507962 }, "levels": { "trend_reference": 16.36374, "fair_value_reference": 15.082699, "structural_low": 13.98, "invalidation": "A sustained 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17.045602, 16.40262, 16.072155 ] }, { "date": "2026-07-03", "close": 17.540001, "volume": 0, "typical_volume": 307.8, "trend": 15.71974, "fair_value": 14.977927, "relative_strength": -9.990206, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.80269, "energy": 43.986438, "activity_lines": [ 17.270434, 17.205381, 16.548181, 16.197204 ] }, { "date": "2026-07-10", "close": 17.9, "volume": 226, "typical_volume": 242.4, "trend": 15.838407, "fair_value": 14.995845, "relative_strength": -6.483411, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.776697, "energy": 60.234997, "activity_lines": [ 17.511223, 17.376068, 16.721551, 16.337866 ] }, { "date": "2026-07-17", "close": 18.66, "volume": 83, "typical_volume": 246.55, "trend": 15.98174, "fair_value": 15.016333, "relative_strength": -0.335024, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.375513, "energy": 77.41606, "activity_lines": [ 17.940235, 17.621729, 16.954541, 16.519904 ] }, { "date": "2026-07-24", "close": 18.32, "volume": 0, "typical_volume": 246.55, "trend": 16.10974, "fair_value": 15.036035, "relative_strength": -3.17061, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.92202, "energy": 76.709175, "activity_lines": [ 18.133526, 17.773275, 17.141911, 16.67076 ] }, { "date": "2026-07-31", "close": 18.360001, "volume": 3, "typical_volume": 246.7, "trend": 16.23574, "fair_value": 15.057508, "relative_strength": -2.607234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.451876, "energy": 73.423969, "activity_lines": [ 18.293334, 17.918244, 17.316329, 16.815938 ] }, { "date": "2026-08-07", "close": 18.940001, "volume": 0, "typical_volume": 246.7, "trend": 16.36374, "fair_value": 15.082699, "relative_strength": -2.013129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.022502, "energy": 85.083422, "activity_lines": [ 18.554667, 18.150482, 17.528557, 16.990406 ] } ], "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." } } }