{
  "ticker": {
    "uuid": "02ca7714-1e2d-44b3-a4be-082a42c9442f",
    "symbol": "BURE",
    "name": "Bure Equity 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": 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": 47.184,
    "architecture_energy": 29.433,
    "architecture_maturity": 35.132,
    "architecture_confidence": 47.192,
    "architecture_tenure": "Developing",
    "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": 40.71,
        "rotation_up": 45.11,
        "upward_expansion": 63.48,
        "deceleration": 59.57,
        "rotation_down": 20.58,
        "downward_expansion": 13.48
      },
      "activity_lines": [
        267.906673,
        265.96364,
        267.330731,
        257.550677
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 274.200012,
    "trend_reference": 244.409862,
    "distance_from_trend": 0.121886,
    "trend_direction": "Improving",
    "fair_value": 296.329014,
    "distance_from_fair_value": -0.074677,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.452885,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.360606,
    "excess_performance": 0.299112,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.121886,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.0314,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.074677,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.048921,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.034529,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.037165,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.360606,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.533063,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 445390,
      "relative_activity": 0.750066,
      "balance": 0.533063,
      "dry_up": 0.911594,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.069218,
      "annualized_volatility": 0.353588,
      "from_high_reference": -0.122801,
      "from_low_reference": 0.456464
    },
    "levels": {
      "trend_reference": 244.409862,
      "fair_value_reference": 296.329014,
      "structural_low": 188.264203,
      "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": 11,
        "median_return": 0.033473,
        "positive_rate": 0.727273,
        "directional_follow_through": 0.727273,
        "median_excess_return": 0.013677,
        "regime_survival": 0.545455,
        "best_return": 0.101217,
        "worst_return": -0.111984,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.01108,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.026413,
        "regime_survival": 0.5,
        "best_return": 0.20348,
        "worst_return": -0.159677,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.177254,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.141784,
        "regime_survival": 0.25,
        "best_return": 0.19323,
        "worst_return": -0.331041,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.05036,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.000752,
        "regime_survival": 0.0,
        "best_return": 0.374745,
        "worst_return": -0.486402,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2023-11-17",
        "tenure": "New",
        "return": 0.079654,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2023-12-15",
        "tenure": "New",
        "return": 0.084825,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-22",
        "end": "2024-04-19",
        "tenure": "Established",
        "return": 0.132539,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "New",
        "return": 0.059281,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "New",
        "return": 0.136027,
        "active": false
      },
      {
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        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
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        "tenure": "New",
        "return": 0.071003,
        "active": false
      },
      {
        "regime": "balance",
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        "end": "2025-03-07",
        "tenure": "Established",
        "return": -0.149508,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-14",
        "end": "2026-04-24",
        "tenure": "Extended",
        "return": -0.19497,
        "active": false
      },
      {
        "regime": "rotation_up",
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      {
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        "active": true
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 294.992217,
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      },
      {
        "date": "2026-07-17",
        "close": 275.200012,
        "volume": 632466,
        "typical_volume": 598147.05,
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        "fair_value": 295.315876,
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        "stage": 1,
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        "direction": 44.464883,
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      },
      {
        "date": "2026-07-24",
        "close": 266.200012,
        "volume": 412515,
        "typical_volume": 592023.6,
        "trend": 242.215857,
        "fair_value": 295.599332,
        "relative_strength": -4.254929,
        "stage": 1,
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        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 260.399994,
        "volume": 674852,
        "typical_volume": 602355.4,
        "trend": 243.02347,
        "fair_value": 295.913071,
        "relative_strength": -7.056765,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.658167,
        "energy": 19.80997,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 274.200012,
        "volume": 445390,
        "typical_volume": 593801.1,
        "trend": 244.409862,
        "fair_value": 296.329014,
        "relative_strength": -3.452885,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.183814,
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        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}