{
  "ticker": {
    "uuid": "24740157-b105-49f6-b0a8-742fd62565fa",
    "symbol": "SOBI",
    "name": "Swedish Orphan Biovitrum 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 46.234,
    "architecture_energy": 35.481,
    "architecture_maturity": 89.296,
    "architecture_confidence": 59.388,
    "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": 25.8,
        "rotation_up": 39.8,
        "upward_expansion": 66.58,
        "deceleration": 65.36,
        "rotation_down": 26.64,
        "downward_expansion": 16.58
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 453.200012,
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    "distance_from_trend": 0.087002,
    "trend_direction": "Improving",
    "fair_value": 311.009692,
    "distance_from_fair_value": 0.457189,
    "fair_value_direction": "Weakening",
    "relative_strength": 9.101194,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.145023,
    "excess_performance": 0.083528,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.087002,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.10995,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.457189,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.042545,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.091012,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.110597,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.145023,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.206753,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2357891,
      "relative_activity": 1.343067,
      "balance": 1.206753,
      "dry_up": 1.304964,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.047457,
      "annualized_volatility": 0.233435,
      "from_high_reference": -0.069404,
      "from_low_reference": 0.724505
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    "levels": {
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      "fair_value_reference": 311.009692,
      "structural_low": 346.399994,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 1738967.45,
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        "fair_value": 309.405067,
        "relative_strength": 16.142847,
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        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 453.200012,
        "volume": 2357891,
        "typical_volume": 1755602.25,
        "trend": 416.926668,
        "fair_value": 311.009692,
        "relative_strength": 9.101194,
        "stage": 2,
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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."
    }
  }
}