{
  "ticker": {
    "uuid": "1a28c876-b994-427e-b62d-401703a72618",
    "symbol": "IWS",
    "name": "Integrated Wind Solutions ASA",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 61.588,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -52.283,
    "architecture_energy": 65.986,
    "architecture_maturity": 5.425,
    "architecture_confidence": 69.808,
    "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": 16.09,
        "rotation_up": 16.43,
        "upward_expansion": 21.67,
        "deceleration": 43.47,
        "rotation_down": 76.95,
        "downward_expansion": 65.67
      },
      "activity_lines": [
        55.999999,
        57.021817,
        58.279304,
        58.284067
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 54.799999,
    "trend_reference": 57.251013,
    "distance_from_trend": -0.042812,
    "trend_direction": "Improving",
    "fair_value": 45.501527,
    "distance_from_fair_value": 0.204355,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.94965,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.094768,
    "excess_performance": -0.030225,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.042812,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.090332,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.204355,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.164581,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.039497,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.153542,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.094768,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.915943,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 11075,
      "relative_activity": 0.66657,
      "balance": 0.915943,
      "dry_up": 0.516344,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.034548,
      "annualized_volatility": 0.281521,
      "from_high_reference": -0.150849,
      "from_low_reference": 0.436884
    },
    "levels": {
      "trend_reference": 57.251013,
      "fair_value_reference": 45.501527,
      "structural_low": 49.979966,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.07708,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.060085,
        "regime_survival": 0.5,
        "best_return": 0.295181,
        "worst_return": -0.02924,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.331169,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.286709,
        "regime_survival": 0.0,
        "best_return": 0.397661,
        "worst_return": 0.264678,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.389214,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.255443,
        "regime_survival": 0.0,
        "best_return": 0.491878,
        "worst_return": 0.28655,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.491228,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.408306,
        "regime_survival": 0.0,
        "best_return": 0.491228,
        "worst_return": 0.491228,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-19",
        "end": "2024-10-04",
        "tenure": "Established",
        "return": 0.111111,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-11",
        "end": "2024-12-20",
        "tenure": "Developing",
        "return": -0.084,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-05-02",
        "tenure": "Established",
        "return": -0.097917,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.099409,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": 0.011236,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-10",
        "end": "2025-10-24",
        "tenure": "New",
        "return": -0.036613,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-31",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": 0.114558,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-12",
        "end": "2025-12-19",
        "tenure": "New",
        "return": 0.041247,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-12-26",
        "end": "2026-01-02",
        "tenure": "New",
        "return": 0.09299,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-09",
        "end": "2026-04-10",
        "tenure": "Established",
        "return": 0.227088,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-17",
        "end": "2026-05-08",
        "tenure": "New",
        "return": 0.062937,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": -0.025989,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-26",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.05102,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 37.184639,
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        "typical_volume": 40581.85,
        "trend": 34.514973,
        "fair_value": 34.680919,
        "relative_strength": 7.609389,
        "stage": 2,
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      },
      {
        "date": "2023-08-25",
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      },
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      },
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      },
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        "typical_volume": 64224.45,
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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        "typical_volume": 52970.8,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 53965.15,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 33341.15,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 57.599998,
        "volume": 3763,
        "typical_volume": 32039.15,
        "trend": 55.605296,
        "fair_value": 44.901422,
        "relative_strength": 5.871539,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 57.400002,
        "volume": 4909,
        "typical_volume": 28640.7,
        "trend": 56.066204,
        "fair_value": 45.028563,
        "relative_strength": 5.882791,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.062367,
        "energy": 15.692782,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 57.799999,
        "volume": 11119,
        "typical_volume": 21119.45,
        "trend": 56.480536,
        "fair_value": 45.157046,
        "relative_strength": 5.111312,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.350271,
        "energy": 20.129502,
        "activity_lines": [
          57.906666,
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          59.248452,
          58.484542
        ]
      },
      {
        "date": "2026-07-24",
        "close": 56.599998,
        "volume": 5122,
        "typical_volume": 18677.45,
        "trend": 56.825789,
        "fair_value": 45.277836,
        "relative_strength": 0.222867,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -11.116827,
        "energy": 26.650659,
        "activity_lines": [
          57.359999,
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          58.990006,
          58.492249
        ]
      },
      {
        "date": "2026-07-31",
        "close": 55.799999,
        "volume": 7000,
        "typical_volume": 17122.95,
        "trend": 57.001038,
        "fair_value": 45.392276,
        "relative_strength": -1.811984,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -35.456787,
        "energy": 48.389652,
        "activity_lines": [
          56.746666,
          57.705454,
          58.665845,
          58.426069
        ]
      },
      {
        "date": "2026-08-07",
        "close": 54.799999,
        "volume": 11075,
        "typical_volume": 16614.9,
        "trend": 57.251013,
        "fair_value": 45.501527,
        "relative_strength": -3.94965,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -52.283318,
        "energy": 65.985876,
        "activity_lines": [
          55.999999,
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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."
    }
  }
}