{
  "ticker": {
    "uuid": "22a589a6-31c9-43bf-a67c-035e3752849d",
    "symbol": "FABLE",
    "name": "Fable Media Group AB",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 90.817,
    "architecture_energy": 82.069,
    "architecture_maturity": 50.0,
    "architecture_confidence": 82.277,
    "architecture_tenure": "Established",
    "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": 3.51,
        "rotation_up": 78.62,
        "upward_expansion": 92.45,
        "deceleration": 44.15,
        "rotation_down": 12.49,
        "downward_expansion": 16.78
      },
      "activity_lines": [
        6.353333,
        6.09297,
        5.733358,
        5.466508
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 7.1,
    "trend_reference": 5.10205,
    "distance_from_trend": 0.391597,
    "trend_direction": "Improving",
    "fair_value": 5.347053,
    "distance_from_fair_value": 0.327834,
    "fair_value_direction": "Improving",
    "relative_strength": 27.697727,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.793229,
    "excess_performance": 0.731734,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.391597,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.087071,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.327834,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.333032,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.276977,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.273667,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.793229,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.899241,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 380542,
      "relative_activity": 4.273503,
      "balance": 3.899241,
      "dry_up": 1.509655,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.069738,
      "annualized_volatility": 0.406171,
      "from_high_reference": -0.027397,
      "from_low_reference": 0.938752
    },
    "levels": {
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      "fair_value_reference": 5.347053,
      "structural_low": 3.662149,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 12,
        "median_return": -0.046083,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.058334,
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        "best_return": 0.148927,
        "worst_return": -0.193333,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.417722,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "sufficient": false
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-03",
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      },
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      },
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        "date": "2026-07-17",
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        "typical_volume": 72995.75,
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        "fair_value": 5.329444,
        "relative_strength": 14.967578,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 69.905478,
        "energy": 80.061794,
        "activity_lines": [
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          5.43762,
          5.206993
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      },
      {
        "date": "2026-07-24",
        "close": 5.74,
        "volume": 43998,
        "typical_volume": 71664.5,
        "trend": 4.969466,
        "fair_value": 5.329961,
        "relative_strength": 7.40539,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 71.030068,
        "activity_lines": [
          5.917333,
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      },
      {
        "date": "2026-07-31",
        "close": 6.1,
        "volume": 56559,
        "typical_volume": 71162.7,
        "trend": 5.017174,
        "fair_value": 5.333371,
        "relative_strength": 12.416079,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.515661,
        "energy": 66.425829,
        "activity_lines": [
          5.974667,
          5.830826,
          5.566285,
          5.332132
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      },
      {
        "date": "2026-08-07",
        "close": 7.1,
        "volume": 380542,
        "typical_volume": 89046.85,
        "trend": 5.10205,
        "fair_value": 5.347053,
        "relative_strength": 27.697727,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.81678,
        "energy": 82.068626,
        "activity_lines": [
          6.353333,
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          5.466508
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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."
    }
  }
}