{
  "ticker": {
    "uuid": "333026df-8999-40c3-8636-64263b6fb101",
    "symbol": "LIAB",
    "name": "Lindab International 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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.36,
    "architecture_energy": 69.723,
    "architecture_maturity": 66.506,
    "architecture_confidence": 83.087,
    "architecture_tenure": "Extended",
    "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": 8.74,
        "rotation_up": 15.32,
        "upward_expansion": 14.07,
        "deceleration": 43.97,
        "rotation_down": 68.86,
        "downward_expansion": 87.41
      },
      "activity_lines": [
        125.560001,
        128.61091,
        134.89429,
        140.697611
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 131.100006,
    "trend_reference": 150.920344,
    "distance_from_trend": -0.13133,
    "trend_direction": "Weakening",
    "fair_value": 191.62743,
    "distance_from_fair_value": -0.31586,
    "fair_value_direction": "Weakening",
    "relative_strength": -33.393183,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.31752,
    "excess_performance": -0.379014,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.13133,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.137733,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.31586,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.071209,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.333932,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023504,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.31752,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.430059,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 486400,
      "relative_activity": 1.027502,
      "balance": 1.430059,
      "dry_up": 1.602808,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.058671,
      "annualized_volatility": 0.328611,
      "from_high_reference": -0.450141,
      "from_low_reference": 0.111959
    },
    "levels": {
      "trend_reference": 150.920344,
      "fair_value_reference": 191.62743,
      "structural_low": 117.900002,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 21,
        "median_return": -0.060694,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.041668,
        "regime_survival": 0.904762,
        "best_return": 0.189003,
        "worst_return": -0.226475,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.166277,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.155168,
        "regime_survival": 0.714286,
        "best_return": 0.039718,
        "worst_return": -0.369398,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.217942,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.230583,
        "regime_survival": 0.5,
        "best_return": 0.294343,
        "worst_return": -0.47992,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.19848,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.295106,
        "regime_survival": 0.0,
        "best_return": -0.070121,
        "worst_return": -0.326838,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-01-26",
        "end": "2024-02-09",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-04-26",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-05-31",
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        "return": 0.15412,
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      },
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        "regime": "upward_expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "end": "2024-12-20",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-09",
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        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "tenure": "New",
        "return": -0.048938,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
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        "date": "2026-05-29",
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      },
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      },
      {
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -32.823444,
        "stage": 4,
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      },
      {
        "date": "2026-07-17",
        "close": 119.599998,
        "volume": 1046544,
        "typical_volume": 466415.7,
        "trend": 158.679031,
        "fair_value": 192.088507,
        "relative_strength": -38.452049,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.790707,
        "energy": 81.288314,
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          129.873334,
          133.947274,
          139.948729,
          146.702901
        ]
      },
      {
        "date": "2026-07-24",
        "close": 119.599998,
        "volume": 649210,
        "typical_volume": 457152.8,
        "trend": 155.893234,
        "fair_value": 191.893349,
        "relative_strength": -38.653466,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.999349,
        "energy": 84.185253,
        "activity_lines": [
          125.693333,
          130.825455,
          137.58648,
          144.181673
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      },
      {
        "date": "2026-07-31",
        "close": 124.099998,
        "volume": 852804,
        "typical_volume": 470140.7,
        "trend": 153.309733,
        "fair_value": 191.737068,
        "relative_strength": -36.488223,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.302287,
        "energy": 80.812555,
        "activity_lines": [
          124.153332,
          128.910909,
          135.842986,
          142.130497
        ]
      },
      {
        "date": "2026-08-07",
        "close": 131.100006,
        "volume": 486400,
        "typical_volume": 473381.3,
        "trend": 150.920344,
        "fair_value": 191.62743,
        "relative_strength": -33.393183,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.359785,
        "energy": 69.722716,
        "activity_lines": [
          125.560001,
          128.61091,
          134.89429,
          140.697611
        ]
      }
    ],
    "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."
    }
  }
}