{
  "ticker": {
    "uuid": "33b799c4-ce52-41f5-b712-f08ffa58b874",
    "symbol": "WTW-A",
    "name": "Wall to Wall 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": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 55.408,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 29.784,
    "architecture_energy": 28.503,
    "architecture_maturity": 13.232,
    "architecture_confidence": 47.737,
    "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": 37.12,
        "rotation_up": 53.67,
        "upward_expansion": 49.87,
        "deceleration": 37.93,
        "rotation_down": 22.56,
        "downward_expansion": 10.53
      },
      "activity_lines": [
        35.166666,
        34.789091,
        33.158095,
        32.923226
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 35.0,
    "trend_reference": 33.776667,
    "distance_from_trend": 0.036218,
    "trend_direction": "Weakening",
    "fair_value": 58.794026,
    "distance_from_fair_value": -0.404701,
    "fair_value_direction": "Improving",
    "relative_strength": -17.365903,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.093264,
    "excess_performance": -0.154759,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.036218,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.071134,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.404701,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.135371,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.173659,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.20435,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.093264,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.051493,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5229,
      "relative_activity": 0.129493,
      "balance": 2.051493,
      "dry_up": 0.151305,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.077143,
      "annualized_volatility": 0.385406,
      "from_high_reference": -0.390244,
      "from_low_reference": 0.346154
    },
    "levels": {
      "trend_reference": 33.776667,
      "fair_value_reference": 58.794026,
      "structural_low": 26.0,
      "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": 1,
        "median_return": -0.106024,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.104804,
        "regime_survival": 0.0,
        "best_return": -0.106024,
        "worst_return": -0.106024,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.253012,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.255102,
        "regime_survival": 0.0,
        "best_return": -0.253012,
        "worst_return": -0.253012,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.277108,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.238597,
        "regime_survival": 0.0,
        "best_return": -0.277108,
        "worst_return": -0.277108,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.350732,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.301532,
        "regime_survival": 0.0,
        "best_return": -0.350732,
        "worst_return": -0.350732,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-10-27",
        "end": "2024-02-02",
        "tenure": "Established",
        "return": -0.025522,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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      {
        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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      {
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        "typical_volume": 41965.2,
        "trend": 37.476667,
        "fair_value": 64.14054,
        "relative_strength": -37.800881,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.526304,
        "energy": 72.134474,
        "activity_lines": [
          29.88,
          30.770909,
          33.000952,
          35.191828
        ]
      },
      {
        "date": "2026-05-15",
        "close": 26.0,
        "volume": 72610,
        "typical_volume": 45034.95,
        "trend": 37.026667,
        "fair_value": 63.684842,
        "relative_strength": -43.511251,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.034908,
        "energy": 84.425825,
        "activity_lines": [
          28.413333,
          29.810909,
          32.070952,
          34.451398
        ]
      },
      {
        "date": "2026-05-22",
        "close": 29.200001,
        "volume": 88083,
        "typical_volume": 48797.3,
        "trend": 36.676667,
        "fair_value": 63.249656,
        "relative_strength": -37.628628,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.550267,
        "energy": 72.290825,
        "activity_lines": [
          28.413334,
          29.541818,
          31.529048,
          33.946452
        ]
      },
      {
        "date": "2026-05-29",
        "close": 30.5,
        "volume": 35910,
        "typical_volume": 49715.0,
        "trend": 36.363333,
        "fair_value": 62.822804,
        "relative_strength": -33.488576,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.432504,
        "energy": 54.510769,
        "activity_lines": [
          28.973334,
          29.56,
          31.180476,
          33.547957
        ]
      },
      {
        "date": "2026-06-05",
        "close": 31.6,
        "volume": 351,
        "typical_volume": 49362.2,
        "trend": 36.05,
        "fair_value": 62.403003,
        "relative_strength": -29.46036,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.525463,
        "energy": 41.628061,
        "activity_lines": [
          29.94,
          29.803636,
          30.995238,
          33.240645
        ]
      },
      {
        "date": "2026-06-12",
        "close": 31.9,
        "volume": 318,
        "typical_volume": 48841.4,
        "trend": 35.78,
        "fair_value": 61.985125,
        "relative_strength": -27.503569,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.635119,
        "energy": 23.590486,
        "activity_lines": [
          30.786667,
          30.109091,
          30.896191,
          32.972903
        ]
      },
      {
        "date": "2026-06-19",
        "close": 34.200001,
        "volume": 27132,
        "typical_volume": 48742.5,
        "trend": 35.57,
        "fair_value": 61.581991,
        "relative_strength": -22.721556,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -14.480124,
        "energy": 20.446735,
        "activity_lines": [
          32.24,
          30.850909,
          31.068572,
          32.870968
        ]
      },
      {
        "date": "2026-06-26",
        "close": 35.599998,
        "volume": 409,
        "typical_volume": 46055.6,
        "trend": 35.396667,
        "fair_value": 61.187831,
        "relative_strength": -17.89049,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 11.092847,
        "energy": 25.941463,
        "activity_lines": [
          33.613333,
          31.807273,
          31.415714,
          32.872903
        ]
      },
      {
        "date": "2026-07-03",
        "close": 33.299999,
        "volume": 973,
        "typical_volume": 44661.9,
        "trend": 35.12,
        "fair_value": 60.778928,
        "relative_strength": -24.429051,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.64154,
        "energy": 23.12025,
        "activity_lines": [
          33.793333,
          32.263636,
          31.558095,
          32.737634
        ]
      },
      {
        "date": "2026-07-10",
        "close": 35.299999,
        "volume": 3055,
        "typical_volume": 43581.15,
        "trend": 34.863333,
        "fair_value": 60.382845,
        "relative_strength": -17.291228,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 9.571296,
        "energy": 28.335376,
        "activity_lines": [
          34.453332,
          33.043636,
          31.912381,
          32.749247
        ]
      },
      {
        "date": "2026-07-17",
        "close": 34.900002,
        "volume": 4190,
        "typical_volume": 41985.95,
        "trend": 34.593333,
        "fair_value": 59.984198,
        "relative_strength": -16.499547,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 23.471994,
        "energy": 40.354487,
        "activity_lines": [
          34.733333,
          33.623636,
          32.222381,
          32.751613
        ]
      },
      {
        "date": "2026-07-24",
        "close": 35.0,
        "volume": 10547,
        "typical_volume": 41358.35,
        "trend": 34.31,
        "fair_value": 59.586192,
        "relative_strength": -16.704748,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 23.108403,
        "energy": 28.434551,
        "activity_lines": [
          34.846667,
          34.123636,
          32.530476,
          32.777849
        ]
      },
      {
        "date": "2026-07-31",
        "close": 35.599998,
        "volume": 4473,
        "typical_volume": 40708.15,
        "trend": 34.036667,
        "fair_value": 59.192032,
        "relative_strength": -15.375274,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 36.369589,
        "energy": 33.360547,
        "activity_lines": [
          35.106666,
          34.56909,
          32.881428,
          32.861075
        ]
      },
      {
        "date": "2026-08-07",
        "close": 35.0,
        "volume": 5229,
        "typical_volume": 40380.45,
        "trend": 33.776667,
        "fair_value": 58.794026,
        "relative_strength": -17.365903,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.784158,
        "energy": 28.50295,
        "activity_lines": [
          35.166666,
          34.789091,
          33.158095,
          32.923226
        ]
      }
    ],
    "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."
    }
  }
}