{
  "ticker": {
    "uuid": "039afc29-6921-4e20-8a4f-aea3ee74e441",
    "symbol": "MIDS",
    "name": "Midsummer 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": 89.709,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 62.352,
    "architecture_energy": 74.302,
    "architecture_maturity": 28.0,
    "architecture_confidence": 69.107,
    "architecture_tenure": "New",
    "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": 20.75,
        "rotation_up": 68.64,
        "upward_expansion": 88.46,
        "deceleration": 48.12,
        "rotation_down": 10.65,
        "downward_expansion": 17.46
      },
      "activity_lines": [
        1.491867,
        1.412,
        1.305962,
        1.217826
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 1.488,
    "trend_reference": 1.1405,
    "distance_from_trend": 0.304691,
    "trend_direction": "Weakening",
    "fair_value": 1.421102,
    "distance_from_fair_value": 0.047075,
    "fair_value_direction": "Improving",
    "relative_strength": -17.021316,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.406427,
    "excess_performance": 0.344933,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.304691,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.089518,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.047075,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.267066,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.170213,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.171634,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.406427,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.306198,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2219142,
      "relative_activity": 0.479818,
      "balance": 1.306198,
      "dry_up": 0.913513,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.117039,
      "annualized_volatility": 0.658249,
      "from_high_reference": -0.550453,
      "from_low_reference": 1.095775
    },
    "levels": {
      "trend_reference": 1.1405,
      "fair_value_reference": 1.421102,
      "structural_low": 0.71,
      "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": 12,
        "median_return": -0.033953,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.054115,
        "regime_survival": 0.583333,
        "best_return": 0.407229,
        "worst_return": -0.28179,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
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        "positive_rate": 0.2,
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        "regime_survival": 0.0,
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        "worst_return": -0.383962,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "sufficient": false
      }
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 6058658.55,
        "trend": 1.123767,
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        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.836934,
        "energy": 48.680929,
        "activity_lines": [
          1.295733,
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          1.187848,
          1.137561
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      },
      {
        "date": "2026-07-24",
        "close": 1.63,
        "volume": 5855405,
        "typical_volume": 5267484.25,
        "trend": 1.1321,
        "fair_value": 1.429424,
        "relative_strength": -9.709062,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.2672,
        "energy": 68.408949,
        "activity_lines": [
          1.412533,
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          1.238467,
          1.170222
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.518,
        "volume": 4131130,
        "typical_volume": 5204277.85,
        "trend": 1.136033,
        "fair_value": 1.425344,
        "relative_strength": -15.483154,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.335901,
        "energy": 73.305006,
        "activity_lines": [
          1.464,
          1.382182,
          1.275186,
          1.195118
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.488,
        "volume": 2219142,
        "typical_volume": 4624968.8,
        "trend": 1.1405,
        "fair_value": 1.421102,
        "relative_strength": -17.021316,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.351537,
        "energy": 74.301987,
        "activity_lines": [
          1.491867,
          1.412,
          1.305962,
          1.217826
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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."
    }
  }
}