Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.
The Trend gate is down within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: wide and contracting.
Direction
-67โ100 bearish to +100 bullishEnergy
67/100directional strengthMaturity
53/100lifecycle contextConfidence
80/100evidence agreementTrend gate
Downstructural directionActivity structure
Widecontracting separationPrice acceptance
-66.7%position within the Activity structureFair Value context
-36.2%SEK 10.16 ยท weakening
Trend Architecture map ยท Historical context
Weekly close, Activity, Trend and Fair Value
Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.
CloseActivity LinesTrendCurrent Fair Value
Background stage key
Downward ExpansionDowntrend is established.
View chart values ยท 96 observations
Week
Close
Trend
Relative Strength
Volume
Regime
Direction
Energy
2026-09-25
6.48
8.17
-35.53
122958
Downward Expansion
-67
67
2026-09-18
6.38
8.28
-36.65
252391
Downward Expansion
-68
88
2026-09-11
5.82
8.40
-42.79
461232
Downward Expansion
-84
94
2026-09-04
5.46
8.54
-47.58
4197521
Downward Expansion
-98
99
2026-08-28
6.58
8.70
-38.55
259308
Downward Expansion
-88
94
2026-08-21
6.84
8.84
-36.18
258877
Downward Expansion
-89
88
2026-08-14
7.44
8.98
-30.77
15735
Downward Expansion
-75
62
2026-08-07
7.54
9.11
-31.21
4072
Downward Expansion
-75
67
2026-07-31
7.80
9.24
-27.98
9117
Downward Expansion
-67
64
2026-07-24
8.00
9.39
-25.58
5738
Downward Expansion
-65
73
2026-07-17
7.74
9.50
-27.29
7067
Downward Expansion
-73
83
2026-07-10
7.90
9.57
-27.07
23576
Downward Expansion
-68
78
2026-07-03
7.90
9.63
-29.27
14539
Downward Expansion
-68
79
2026-06-26
8.00
9.70
-26.99
3501
Downward Expansion
-67
78
2026-06-19
7.90
9.76
-29.11
165746
Downward Expansion
-73
75
2026-06-12
8.00
9.83
-27.41
58992
Downward Expansion
-73
62
2026-06-05
8.48
9.92
-23.86
26619
Downward Expansion
-62
31
2026-05-29
9.60
โ
โ
138768
Not yet classified
โ
โ
2026-05-22
9.98
โ
โ
178276
Not yet classified
โ
โ
2026-05-15
9.36
โ
โ
22708
Not yet classified
โ
โ
2026-05-08
9.32
โ
โ
127603
Not yet classified
โ
โ
2026-05-01
9.46
โ
โ
40460
Not yet classified
โ
โ
2026-04-24
9.74
โ
โ
228628
Not yet classified
โ
โ
2026-04-17
9.96
โ
โ
542504
Not yet classified
โ
โ
2026-04-10
8.72
โ
โ
213560
Not yet classified
โ
โ
2026-04-03
8.78
โ
โ
204898
Not yet classified
โ
โ
2026-03-27
9.00
โ
โ
130807
Not yet classified
โ
โ
2026-03-20
9.10
โ
โ
406952
Not yet classified
โ
โ
2026-03-13
9.12
โ
โ
432577
Not yet classified
โ
โ
2026-03-06
8.70
โ
โ
362399
Not yet classified
โ
โ
2026-02-27
9.76
โ
โ
798601
Not yet classified
โ
โ
2026-02-20
10.05
โ
โ
269942
Not yet classified
โ
โ
2026-02-13
10.10
โ
โ
338382
Not yet classified
โ
โ
2026-02-06
10.20
โ
โ
453563
Not yet classified
โ
โ
2026-01-30
10.75
โ
โ
756661
Not yet classified
โ
โ
2026-01-23
10.90
โ
โ
620865
Not yet classified
โ
โ
2026-01-16
11.40
โ
โ
779755
Not yet classified
โ
โ
2026-01-09
11.40
โ
โ
397741
Not yet classified
โ
โ
2026-01-02
12.50
โ
โ
916176
Not yet classified
โ
โ
2025-12-26
11.20
โ
โ
617532
Not yet classified
โ
โ
2025-12-19
9.86
โ
โ
2195190
Not yet classified
โ
โ
2025-12-12
9.70
โ
โ
241074
Not yet classified
โ
โ
2025-12-05
9.82
โ
โ
211920
Not yet classified
โ
โ
2025-11-28
10.00
โ
โ
527066
Not yet classified
โ
โ
2025-11-21
10.00
โ
โ
601567
Not yet classified
โ
โ
2025-11-14
10.75
โ
โ
228609
Not yet classified
โ
โ
2025-11-07
10.80
โ
โ
695936
Not yet classified
โ
โ
2025-10-31
11.30
โ
โ
1298203
Not yet classified
โ
โ
2025-10-24
11.00
โ
โ
1034172
Not yet classified
โ
โ
2025-10-17
10.35
โ
โ
786215
Not yet classified
โ
โ
2025-10-10
9.96
โ
โ
689121
Not yet classified
โ
โ
2025-10-03
9.80
โ
โ
236690
Not yet classified
โ
โ
2025-09-26
10.00
โ
โ
176957
Not yet classified
โ
โ
2025-09-19
10.65
โ
โ
271799
Not yet classified
โ
โ
2025-09-12
11.10
โ
โ
540924
Not yet classified
โ
โ
2025-09-05
10.20
โ
โ
228844
Not yet classified
โ
โ
2025-08-29
10.80
โ
โ
559411
Not yet classified
โ
โ
2025-08-22
9.30
โ
โ
219637
Not yet classified
โ
โ
2025-08-15
9.70
โ
โ
65899
Not yet classified
โ
โ
2025-08-08
9.50
โ
โ
95940
Not yet classified
โ
โ
2025-08-01
9.28
โ
โ
119666
Not yet classified
โ
โ
2025-07-25
9.64
โ
โ
61510
Not yet classified
โ
โ
2025-07-18
9.70
โ
โ
212532
Not yet classified
โ
โ
2025-07-11
10.45
โ
โ
117644
Not yet classified
โ
โ
2025-07-04
10.65
โ
โ
205591
Not yet classified
โ
โ
2025-06-27
10.45
โ
โ
164390
Not yet classified
โ
โ
2025-06-20
10.40
โ
โ
157766
Not yet classified
โ
โ
2025-06-13
10.65
โ
โ
184780
Not yet classified
โ
โ
2025-06-06
10.50
โ
โ
58871
Not yet classified
โ
โ
2025-05-30
10.25
โ
โ
86707
Not yet classified
โ
โ
2025-05-23
10.45
โ
โ
168537
Not yet classified
โ
โ
2025-05-16
11.85
โ
โ
387846
Not yet classified
โ
โ
2025-05-09
12.30
โ
โ
266301
Not yet classified
โ
โ
2025-05-02
11.00
โ
โ
239245
Not yet classified
โ
โ
2025-04-25
10.60
โ
โ
243106
Not yet classified
โ
โ
2025-04-18
10.85
โ
โ
46537
Not yet classified
โ
โ
2025-04-11
10.95
โ
โ
804706
Not yet classified
โ
โ
2025-04-04
11.00
โ
โ
619294
Not yet classified
โ
โ
2025-03-28
10.20
โ
โ
1216392
Not yet classified
โ
โ
2025-03-21
10.95
โ
โ
245151
Not yet classified
โ
โ
2025-03-14
11.85
โ
โ
250392
Not yet classified
โ
โ
2025-03-07
12.10
โ
โ
110493
Not yet classified
โ
โ
2025-02-28
12.30
โ
โ
160555
Not yet classified
โ
โ
2025-02-21
13.00
โ
โ
250771
Not yet classified
โ
โ
2025-02-14
12.70
โ
โ
116446
Not yet classified
โ
โ
2025-02-07
12.20
โ
โ
117891
Not yet classified
โ
โ
2025-01-31
11.60
โ
โ
295695
Not yet classified
โ
โ
2025-01-24
11.35
โ
โ
75640
Not yet classified
โ
โ
2025-01-17
12.35
โ
โ
31633
Not yet classified
โ
โ
2025-01-10
13.20
โ
โ
22429
Not yet classified
โ
โ
2025-01-03
13.30
โ
โ
37693
Not yet classified
โ
โ
2024-12-27
13.45
โ
โ
18167
Not yet classified
โ
โ
2024-12-20
13.50
โ
โ
155989
Not yet classified
โ
โ
2024-12-13
11.65
โ
โ
208605
Not yet classified
โ
โ
2024-12-06
14.40
โ
โ
214031
Not yet classified
โ
โ
2024-11-29
16.50
โ
โ
448105
Not yet classified
โ
โ
Price vs TrendBelow-20.7%Trend directionFalling-14.0%Price vs current Fair ValueBelow anchor-36.2%Fair Value directionMoving away-11.4%Relative Strength vs benchmarkLagging-35.5%Relative strength directionWeakening-8.5%Price momentumNegative-28.0%Volume balanceSupply-led0.18ร
Beyond the current label
Is the structure strengthening or losing force?
Direction and energy measure different things
Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.
Direction
-67 / ยฑ100
+21.9 points since 2026-08-28
Energy
67 /100
-27.0 points since 2026-08-28
Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.
The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.
Time spent in each state
The context behind todayโs regime
2024-11-29 to 2026-09-25 ยท 17 classified observations out of 96 shown.
Legacy result: Stage 4 ยท Stage 4B ยท Declining. It remains visible while the experimental architecture is validated rather than being silently discarded.
Leadership versus ^OMX
Is relative performance confirming the geometry?
Confirmation, not classification
Relative Strength
The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.
Fast Activity
SEK 6.19fallingSlow Activity
SEK 7.59fallingTrend Reference
SEK 8.17-20.7% close marginCurrent Fair Value
SEK 10.16-36.2% close marginStructural low
SEK 4.95shock / repair context
What changes the read?
Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.
Range context
+8.2%Annualized volatility
+44.8%From structural high
-49.6%From structural low
+30.9%
Point-in-time evidence
What followed this architecture in this market?
Descriptive history, never a forecast
Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.
Outcome horizon
Samples
Median move
Positive periods
Directional follow-through
Median excess vs ^OMX
Regime survived
Read
Near term
4
-4.2%-15.6% to -1.3%
+0.0%
+100.0%
-6.1%
+100.0%
Too little matched history
Intermediate
1
-35.6%-35.6% to -35.6%
+0.0%
+100.0%
-41.0%
+100.0%
Too little matched history
Extended
0
โ
โ
โ
โ
โ
Too little matched history
Full cycle
0
โ
โ
โ
โ
โ
Too little matched history
Continue the research
Test the structure from another angle
Use complementary evidence to confirm or challenge the stage reading. Each app shows its own observation date and coverage.
What the analysis measures and where its limits lie
Trend Architecture
Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.
Evidence roles
Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.
Fair Value and RS
Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.
Known limitations
Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.
Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.
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