{
  "ticker": {
    "uuid": "31d030d4-0ffb-4fcb-89b1-a6c108cf7d92",
    "symbol": "DVD",
    "name": "Deep Value Driller AS",
    "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": 86.229,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 43.439,
    "architecture_energy": 57.547,
    "architecture_maturity": 7.889,
    "architecture_confidence": 56.204,
    "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": 25.21,
        "rotation_up": 71.3,
        "upward_expansion": 64.08,
        "deceleration": 18.97,
        "rotation_down": 17.98,
        "downward_expansion": 20.08
      },
      "activity_lines": [
        20.586667,
        20.452182,
        20.250672,
        20.21435
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 20.700001,
    "trend_reference": 20.222597,
    "distance_from_trend": 0.023607,
    "trend_direction": "Improving",
    "fair_value": 16.664085,
    "distance_from_fair_value": 0.242192,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.919172,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.013521,
    "excess_performance": -0.138515,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.023607,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.006091,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.242192,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.000492,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.059192,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.017996,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.013521,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.209673,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 855207,
      "relative_activity": 1.359965,
      "balance": 2.209673,
      "dry_up": 1.074523,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.017368,
      "annualized_volatility": 0.216837,
      "from_high_reference": -0.035193,
      "from_low_reference": 0.377568
    },
    "levels": {
      "trend_reference": 20.222597,
      "fair_value_reference": 16.664085,
      "structural_low": 17.797304,
      "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": 2,
        "median_return": -0.00048,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.022721,
        "regime_survival": 0.0,
        "best_return": 0.003597,
        "worst_return": -0.004557,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.11682,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.078892,
        "regime_survival": 0.0,
        "best_return": 0.16963,
        "worst_return": 0.064011,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.200351,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.149018,
        "regime_survival": 0.0,
        "best_return": 0.414864,
        "worst_return": -0.014162,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.016726,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.165544,
        "regime_survival": 0.0,
        "best_return": 0.331901,
        "worst_return": -0.365352,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-04-05",
        "end": "2024-04-12",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-19",
        "end": "2024-08-16",
        "tenure": "Established",
        "return": 0.10691,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-09-06",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-09-13",
        "end": "2024-10-04",
        "tenure": "New",
        "return": 0.120988,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-11",
        "end": "2025-05-09",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.002506,
        "active": false
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      {
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "active": false
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        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "balance",
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      {
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        "active": false
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      {
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "stage": 3,
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      },
      {
        "date": "2026-07-17",
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        "volume": 705581,
        "typical_volume": 769109.05,
        "trend": 20.149644,
        "fair_value": 16.570934,
        "relative_strength": -3.579671,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.537746,
        "energy": 39.471757,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 20.5,
        "volume": 365614,
        "typical_volume": 669086.75,
        "trend": 20.177006,
        "fair_value": 16.605078,
        "relative_strength": -5.685662,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 37.25363,
        "energy": 53.027371,
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          20.43,
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          20.152077
        ]
      },
      {
        "date": "2026-07-31",
        "close": 20.65,
        "volume": 776431,
        "typical_volume": 653733.6,
        "trend": 20.207768,
        "fair_value": 16.637353,
        "relative_strength": -5.679566,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 44.336484,
        "energy": 57.057038,
        "activity_lines": [
          20.51,
          20.359098,
          20.202509,
          20.182593
        ]
      },
      {
        "date": "2026-08-07",
        "close": 20.700001,
        "volume": 855207,
        "typical_volume": 628844.8,
        "trend": 20.222597,
        "fair_value": 16.664085,
        "relative_strength": -5.919172,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 43.439123,
        "energy": 57.546659,
        "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."
    }
  }
}