{ "ticker": { "uuid": "fdc09b7a-fa27-45ff-b691-ded3fd7387d7", "symbol": "CODE", "name": "CodeLab Capital AS", "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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 37.957, "architecture_energy": 20.761, "architecture_maturity": 41.659, "architecture_confidence": 89.174, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 35.66, "rotation_up": 30.48, "upward_expansion": 61.79, "deceleration": 85.43, "rotation_down": 25.12, "downward_expansion": 14.12 }, "activity_lines": [ 3.366, 3.432727, 3.22681, 3.060237 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 3.39, "trend_reference": 2.862833, "distance_from_trend": 0.184142, "trend_direction": "Improving", "fair_value": 11.885455, "distance_from_fair_value": -0.714777, "fair_value_direction": "Improving", "relative_strength": 8.463858, "relative_strength_direction": "Improving", "price_momentum": 0.319066, "excess_performance": 0.194072, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.184142, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.106837, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.714777, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.091554, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.084639, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.242584, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.319066, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.825148, "read": "Supply-led" } ], "volume": { "latest": 13115, "relative_activity": 0.132758, "balance": 0.825148, "dry_up": 0.51299, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.165419, "annualized_volatility": 0.880155, "from_high_reference": -0.18705, "from_low_reference": 0.788918 }, "levels": { "trend_reference": 2.862833, "fair_value_reference": 11.885455, "structural_low": 1.895, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.009742, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.027871, "regime_survival": 0.625, "best_return": 0.46, "worst_return": -0.420074, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.14, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.098623, "regime_survival": 0.0, "best_return": 0.470588, "worst_return": -0.528024, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.051471, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.034064, "regime_survival": 0.5, "best_return": 0.102941, "worst_return": 0.0, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.102941, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.075444, "regime_survival": 0.0, "best_return": 0.102941, "worst_return": 0.102941, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-24", "end": "2023-12-22", "tenure": "Developing", "return": -0.1, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-12-29", "end": "2024-02-02", "tenure": "Developing", "return": -0.091093, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-09", "end": "2024-03-15", "tenure": "Developing", "return": 1.517647, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-22", "end": "2024-04-26", "tenure": "Developing", "return": -0.226168, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-06-07", "tenure": "Developing", "return": -0.364307, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-14", "end": "2024-07-12", "tenure": "Developing", "return": -0.3875, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-19", "end": "2025-03-14", "tenure": "Extended", "return": -0.783682, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-09-19", "tenure": "Extended", "return": -0.266421, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": 0.363636, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-24", "end": "2026-02-20", "tenure": "Established", "return": 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3.115524, 2.955215 ] }, { "date": "2026-07-24", "close": 3.06, "volume": 37512, "typical_volume": 97237.6, "trend": 2.796833, "fair_value": 12.097122, "relative_strength": -1.140208, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.971217, "energy": 24.476684, "activity_lines": [ 3.359333, 3.366545, 3.127143, 2.973355 ] }, { "date": "2026-07-31", "close": 3.59, "volume": 64950, "typical_volume": 98632.9, "trend": 2.8365, "fair_value": 11.99193, "relative_strength": 15.370929, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.661564, "energy": 24.427086, "activity_lines": [ 3.376667, 3.426364, 3.188381, 3.024527 ] }, { "date": "2026-08-07", "close": 3.39, "volume": 13115, "typical_volume": 98788.45, "trend": 2.862833, "fair_value": 11.885455, "relative_strength": 8.463858, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.957481, "energy": 20.760663, "activity_lines": [ 3.366, 3.432727, 3.22681, 3.060237 ] } ], "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." } } }