{
  "ticker": {
    "uuid": "1f8fba91-7ebf-4cf5-b330-d93963130771",
    "symbol": "VIT-B",
    "name": "Vitec Software Group 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 83.123,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -35.811,
    "architecture_energy": 24.14,
    "architecture_maturity": 22.343,
    "architecture_confidence": 68.393,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 42.68,
        "rotation_up": 21.88,
        "upward_expansion": 15.66,
        "deceleration": 58.73,
        "rotation_down": 42.9,
        "downward_expansion": 63.33
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 244.800003,
    "trend_reference": 244.989644,
    "distance_from_trend": -0.000774,
    "trend_direction": "Weakening",
    "fair_value": 435.133973,
    "distance_from_fair_value": -0.437415,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.152912,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.051756,
    "excess_performance": -0.11325,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.000774,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.087358,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.437415,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.001736,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.231529,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.06135,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.051756,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.436427,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 532015,
      "relative_activity": 0.990846,
      "balance": 0.436427,
      "dry_up": 1.348724,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.086419,
      "annualized_volatility": 0.428622,
      "from_high_reference": -0.366257,
      "from_low_reference": 0.154717
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    "levels": {
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      "fair_value_reference": 435.133973,
      "structural_low": 212.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
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        "positive_rate": 0.541667,
        "directional_follow_through": 0.458333,
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        "worst_return": -0.191115,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 521686.85,
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        "fair_value": 441.89011,
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      },
      {
        "date": "2026-07-24",
        "close": 213.800003,
        "volume": 454300,
        "typical_volume": 511267.8,
        "trend": 248.471987,
        "fair_value": 439.52298,
        "relative_strength": -32.50149,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.351135,
        "energy": 59.747909,
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          222.813334,
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          239.538386,
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      },
      {
        "date": "2026-07-31",
        "close": 229.800003,
        "volume": 744661,
        "typical_volume": 530523.55,
        "trend": 246.504055,
        "fair_value": 437.296104,
        "relative_strength": -27.439357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.097912,
        "energy": 44.048711,
        "activity_lines": [
          224.240001,
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          238.357145,
          240.921304
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      },
      {
        "date": "2026-08-07",
        "close": 244.800003,
        "volume": 532015,
        "typical_volume": 536930.15,
        "trend": 244.989644,
        "fair_value": 435.133973,
        "relative_strength": -23.152912,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.811295,
        "energy": 24.139887,
        "activity_lines": [
          230.600002,
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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."
    }
  }
}