{
  "ticker": {
    "uuid": "2efb62e2-badc-4abd-b045-c5b8c8c2529e",
    "symbol": "JACK",
    "name": "Jacktel AS",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 41.788,
    "architecture_energy": 38.161,
    "architecture_maturity": 16.742,
    "architecture_confidence": 54.565,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 36.57,
        "rotation_up": 56.88,
        "upward_expansion": 49.61,
        "deceleration": 35.28,
        "rotation_down": 20.61,
        "downward_expansion": 12.61
      },
      "activity_lines": [
        16.125333,
        15.480545,
        14.220476,
        14.014774
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 17.58,
    "trend_reference": 14.8445,
    "distance_from_trend": 0.184277,
    "trend_direction": "Weakening",
    "fair_value": 38.32969,
    "distance_from_fair_value": -0.541348,
    "fair_value_direction": "Improving",
    "relative_strength": -7.881475,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.227931,
    "excess_performance": -0.415385,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.184277,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.08854,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.541348,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.148592,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.078815,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.291097,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.227931,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.835734,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4203028,
      "relative_activity": 0.9381,
      "balance": 1.835734,
      "dry_up": 0.817549,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.145539,
      "annualized_volatility": 0.870211,
      "from_high_reference": -0.263202,
      "from_low_reference": 0.971957
    },
    "levels": {
      "trend_reference": 14.8445,
      "fair_value_reference": 38.32969,
      "structural_low": 8.915,
      "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": 7,
        "median_return": -0.058547,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.000513,
        "regime_survival": 0.428571,
        "best_return": 0.081508,
        "worst_return": -0.097911,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.104115,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.16059,
        "regime_survival": 0.0,
        "best_return": 0.152267,
        "worst_return": -0.435161,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.224332,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.349848,
        "regime_survival": 0.0,
        "best_return": 0.019979,
        "worst_return": -0.386127,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.24708,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.443397,
        "regime_survival": 0.0,
        "best_return": -0.001672,
        "worst_return": -0.492487,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-09-29",
        "end": "2023-12-15",
        "tenure": "Developing",
        "return": 0.201016,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-22",
        "end": "2024-01-26",
        "tenure": "Developing",
        "return": -0.061685,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-02",
        "end": "2024-03-22",
        "tenure": "Developing",
        "return": -0.142409,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-03-29",
        "end": "2024-04-26",
        "tenure": "Developing",
        "return": -0.141501,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-03",
        "end": "2024-11-29",
        "tenure": "Extended",
        "return": -0.1008,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-06",
        "end": "2024-12-27",
        "tenure": "New",
        "return": -0.108266,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-12-05",
        "tenure": "Extended",
        "return": -0.527923,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-12",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.090133,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-02-06",
        "tenure": "New",
        "return": -0.009138,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-13",
        "end": "2026-02-20",
        "tenure": "New",
        "return": -0.189339,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-27",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.251773,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
        "end": "2026-06-26",
        "tenure": "Established",
        "return": 0.255455,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.048256,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "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",
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        "typical_volume": 1569406.5,
        "trend": 83.002158,
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      },
      {
        "date": "2023-08-25",
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      },
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      },
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      },
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-05-15",
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      },
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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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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "stage": 1,
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      },
      {
        "date": "2026-07-17",
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        "volume": 3066835,
        "typical_volume": 4584535.8,
        "trend": 15.303833,
        "fair_value": 39.705465,
        "relative_strength": -20.666504,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.356304,
        "energy": 21.062887,
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          15.098667,
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          13.816785
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      },
      {
        "date": "2026-07-24",
        "close": 14.55,
        "volume": 3388492,
        "typical_volume": 4540667.5,
        "trend": 15.102833,
        "fair_value": 39.205943,
        "relative_strength": -20.507519,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.757536,
        "energy": 20.597519,
        "activity_lines": [
          15.036667,
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          13.768151
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      },
      {
        "date": "2026-07-31",
        "close": 16.37,
        "volume": 3993313,
        "typical_volume": 4501965.1,
        "trend": 15.0245,
        "fair_value": 38.735592,
        "relative_strength": -10.340509,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.440735,
        "energy": 24.124138,
        "activity_lines": [
          15.464667,
          14.861273,
          13.776048,
          13.849903
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.58,
        "volume": 4203028,
        "typical_volume": 4480364.45,
        "trend": 14.8445,
        "fair_value": 38.32969,
        "relative_strength": -7.881475,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 41.788487,
        "energy": 38.160661,
        "activity_lines": [
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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."
    }
  }
}