{
  "ticker": {
    "uuid": "0174faf5-b3f8-4cf3-8ba2-1d5d77f52e78",
    "symbol": "SCIB",
    "name": "SciBase Holding 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -35.214,
    "architecture_energy": 44.135,
    "architecture_maturity": 21.733,
    "architecture_confidence": 79.461,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 20.07,
        "rotation_up": 16.37,
        "upward_expansion": 21.8,
        "deceleration": 54.49,
        "rotation_down": 66.61,
        "downward_expansion": 51.47
      },
      "activity_lines": [
        30.826666,
        32.856363,
        37.250952,
        36.847527
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 27.9,
    "trend_reference": 34.73,
    "distance_from_trend": -0.19666,
    "trend_direction": "Improving",
    "fair_value": 40.145031,
    "distance_from_fair_value": -0.30502,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.691957,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.05283,
    "excess_performance": -0.008664,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.19666,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.099747,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.30502,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.301073,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.21692,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.584143,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.05283,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.373252,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 26070,
      "relative_activity": 1.593083,
      "balance": 0.373252,
      "dry_up": 1.039812,
      "accumulation_observations": 2,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.232561,
      "annualized_volatility": 0.714956,
      "from_high_reference": -0.463462,
      "from_low_reference": 0.674
    },
    "levels": {
      "trend_reference": 34.73,
      "fair_value_reference": 40.145031,
      "structural_low": 23.1,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": 0.224922,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.246437,
        "regime_survival": 0.0,
        "best_return": 0.318471,
        "worst_return": 0.131373,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.128388,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.110198,
        "regime_survival": 0.0,
        "best_return": 0.178344,
        "worst_return": 0.078431,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.049697,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.098582,
        "regime_survival": 0.0,
        "best_return": 0.235669,
        "worst_return": -0.136275,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.02465,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.029858,
        "regime_survival": 0.0,
        "best_return": 0.073248,
        "worst_return": -0.122549,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-25",
        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.145098,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-15",
        "end": "2024-11-29",
        "tenure": "New",
        "return": -0.0201,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-06",
        "end": "2024-12-27",
        "tenure": "New",
        "return": 0.33758,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.028986,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-17",
        "end": "2025-10-24",
        "tenure": "Extended",
        "return": -0.218593,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-31",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": 0.132308,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-12-26",
        "end": "2026-01-02",
        "tenure": "New",
        "return": -0.166667,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-09",
        "end": "2026-01-16",
        "tenure": "New",
        "return": -0.06639,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-23",
        "end": "2026-02-13",
        "tenure": "New",
        "return": 0.189189,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": 0.235741,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-03-27",
        "end": "2026-04-03",
        "tenure": "New",
        "return": 0.058823,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-10",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": -0.047872,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-26",
        "end": "2026-07-17",
        "tenure": "New",
        "return": 0.092879,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.167164,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 91.666664,
        "volume": 8082,
        "typical_volume": 6480.1,
        "trend": 136.435711,
        "fair_value": 331.309599,
        "relative_strength": -57.979358,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "activity_lines": [
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      },
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        "date": "2023-08-25",
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        "activity_lines": [
          39.593333,
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          30.233082
        ]
      },
      {
        "date": "2026-05-01",
        "close": 40.900002,
        "volume": 3008,
        "typical_volume": 20679.5,
        "trend": 28.819444,
        "fair_value": 46.199519,
        "relative_strength": 23.834335,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.486924,
        "energy": 81.38362,
        "activity_lines": [
          40.340001,
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          33.030317,
          31.033047
        ]
      },
      {
        "date": "2026-05-08",
        "close": 45.5,
        "volume": 17286,
        "typical_volume": 21043.8,
        "trend": 29.4,
        "fair_value": 45.680288,
        "relative_strength": 36.722379,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 83.40716,
        "activity_lines": [
          42.273334,
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          32.109211
        ]
      },
      {
        "date": "2026-05-15",
        "close": 47.700001,
        "volume": 17133,
        "typical_volume": 21660.2,
        "trend": 30.073333,
        "fair_value": 45.226442,
        "relative_strength": 44.339244,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.925956,
        "energy": 82.003111,
        "activity_lines": [
          44.426667,
          41.6,
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          33.289857
        ]
      },
      {
        "date": "2026-05-22",
        "close": 51.799999,
        "volume": 24676,
        "typical_volume": 21442.85,
        "trend": 30.936111,
        "fair_value": 44.865117,
        "relative_strength": 50.388614,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.115564,
        "energy": 87.306197,
        "activity_lines": [
          47.273334,
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          37.961905,
          34.691577
        ]
      },
      {
        "date": "2026-05-29",
        "close": 46.400002,
        "volume": 38971,
        "typical_volume": 22023.45,
        "trend": 31.58,
        "fair_value": 44.492681,
        "relative_strength": 34.559983,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 65.110614,
        "activity_lines": [
          47.613334,
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          39.214286,
          35.689247
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      },
      {
        "date": "2026-06-05",
        "close": 43.599998,
        "volume": 2457,
        "typical_volume": 21550.1,
        "trend": 32.372222,
        "fair_value": 44.105502,
        "relative_strength": 27.060384,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.381931,
        "energy": 55.98225,
        "activity_lines": [
          46.66,
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          40.09381,
          36.464731
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      },
      {
        "date": "2026-06-12",
        "close": 50.0,
        "volume": 4291,
        "typical_volume": 19913.0,
        "trend": 33.35,
        "fair_value": 43.799946,
        "relative_strength": 45.020264,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 56.067517,
        "activity_lines": [
          47.66,
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          37.602007
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      },
      {
        "date": "2026-06-19",
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        "volume": 37895,
        "typical_volume": 20677.3,
        "trend": 33.851667,
        "fair_value": 43.361698,
        "relative_strength": 1.957721,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 34.50764,
        "energy": 24.669018,
        "activity_lines": [
          43.626666,
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      },
      {
        "date": "2026-06-26",
        "close": 32.299999,
        "volume": 23318,
        "typical_volume": 19616.85,
        "trend": 33.878333,
        "fair_value": 42.934134,
        "relative_strength": -6.895846,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.799918,
        "energy": 17.445104,
        "activity_lines": [
          39.219999,
          42.507272,
          40.904762,
          37.659964
        ]
      },
      {
        "date": "2026-07-03",
        "close": 33.799999,
        "volume": 2088,
        "typical_volume": 19411.95,
        "trend": 34.068889,
        "fair_value": 42.55251,
        "relative_strength": -5.12315,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.76574,
        "energy": 20.524973,
        "activity_lines": [
          36.613332,
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          40.538571,
          37.65491
        ]
      },
      {
        "date": "2026-07-10",
        "close": 32.599998,
        "volume": 5355,
        "typical_volume": 17044.8,
        "trend": 34.172222,
        "fair_value": 42.147168,
        "relative_strength": -6.192197,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -6.542618,
        "energy": 28.00572,
        "activity_lines": [
          34.446665,
          38.892726,
          40.022857,
          37.560143
        ]
      },
      {
        "date": "2026-07-17",
        "close": 35.299999,
        "volume": 12763,
        "typical_volume": 16598.15,
        "trend": 34.326666,
        "fair_value": 41.75486,
        "relative_strength": 2.76893,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.412188,
        "energy": 31.768161,
        "activity_lines": [
          33.913332,
          37.683635,
          39.734285,
          37.632903
        ]
      },
      {
        "date": "2026-07-24",
        "close": 33.5,
        "volume": 5957,
        "typical_volume": 16056.75,
        "trend": 34.443333,
        "fair_value": 41.227083,
        "relative_strength": -3.890152,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.382073,
        "energy": 34.814323,
        "activity_lines": [
          33.759999,
          36.332726,
          39.225238,
          37.57957
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.799999,
        "volume": 23274,
        "typical_volume": 16289.85,
        "trend": 34.603333,
        "fair_value": 40.646741,
        "relative_strength": -15.31328,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.088435,
        "energy": 42.906859,
        "activity_lines": [
          32.526666,
          34.567272,
          38.330952,
          37.28
        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.9,
        "volume": 26070,
        "typical_volume": 16364.5,
        "trend": 34.73,
        "fair_value": 40.145031,
        "relative_strength": -21.691957,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.21419,
        "energy": 44.135202,
        "activity_lines": [
          30.826666,
          32.856363,
          37.250952,
          36.847527
        ]
      }
    ],
    "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."
    }
  }
}