{
  "ticker": {
    "uuid": "34078c19-dc45-4b53-bd0d-9effdb08cd82",
    "symbol": "IBT-B",
    "name": "Infant Bacterial Therapeutics 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "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": 58.58,
    "architecture_energy": 45.765,
    "architecture_maturity": 41.979,
    "architecture_confidence": 76.977,
    "architecture_tenure": "Developing",
    "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": 14.32,
        "rotation_up": 49.2,
        "upward_expansion": 77.87,
        "deceleration": 62.78,
        "rotation_down": 23.9,
        "downward_expansion": 6.87
      },
      "activity_lines": [
        66.24,
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        62.162381,
        59.408387
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 66.0,
    "trend_reference": 56.128334,
    "distance_from_trend": 0.175877,
    "trend_direction": "Improving",
    "fair_value": 65.712821,
    "distance_from_fair_value": 0.00437,
    "fair_value_direction": "Improving",
    "relative_strength": 2.71321,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.321321,
    "excess_performance": 0.259827,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.175877,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.090365,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.00437,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.176659,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.027132,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.130486,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.321321,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.294167,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 12958,
      "relative_activity": 0.36834,
      "balance": 2.294167,
      "dry_up": 0.565521,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.082168,
      "annualized_volatility": 0.349841,
      "from_high_reference": -0.217082,
      "from_low_reference": 0.526012
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    "levels": {
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      "fair_value_reference": 65.712821,
      "structural_low": 45.049999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 18,
        "median_return": -0.047294,
        "positive_rate": 0.388889,
        "directional_follow_through": 0.388889,
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        "worst_return": -0.666029,
        "sufficient": true
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        "energy": 7.896385,
        "activity_lines": [
          52.54,
          51.36,
          51.034048,
          51.094946
        ]
      },
      {
        "date": "2026-05-01",
        "close": 53.900002,
        "volume": 15126,
        "typical_volume": 28845.55,
        "trend": 52.216667,
        "fair_value": 65.553846,
        "relative_strength": -11.225398,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.019384,
        "energy": 21.359607,
        "activity_lines": [
          53.320001,
          51.844546,
          51.355238,
          51.176022
        ]
      },
      {
        "date": "2026-05-08",
        "close": 54.299999,
        "volume": 149646,
        "typical_volume": 34933.75,
        "trend": 51.94,
        "fair_value": 65.602564,
        "relative_strength": -10.335371,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.342552,
        "energy": 27.339049,
        "activity_lines": [
          53.963333,
          52.44,
          51.695953,
          51.31043
        ]
      },
      {
        "date": "2026-05-15",
        "close": 57.0,
        "volume": 39982,
        "typical_volume": 36355.45,
        "trend": 51.74,
        "fair_value": 65.689744,
        "relative_strength": -4.39787,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 33.551882,
        "energy": 42.493747,
        "activity_lines": [
          55.18,
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          52.263333,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 55.599998,
        "volume": 66859,
        "typical_volume": 39123.0,
        "trend": 51.583334,
        "fair_value": 65.767308,
        "relative_strength": -9.493964,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 55.31862,
        "energy": 44.695155,
        "activity_lines": [
          55.446666,
          54.087272,
          52.659286,
          51.885914
        ]
      },
      {
        "date": "2026-05-29",
        "close": 55.799999,
        "volume": 60520,
        "typical_volume": 41304.65,
        "trend": 51.476667,
        "fair_value": 65.845513,
        "relative_strength": -8.454679,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 55.642497,
        "energy": 41.583986,
        "activity_lines": [
          55.659999,
          54.654545,
          53.046666,
          52.157957
        ]
      },
      {
        "date": "2026-06-05",
        "close": 57.400002,
        "volume": 1534,
        "typical_volume": 39109.2,
        "trend": 51.343334,
        "fair_value": 65.927564,
        "relative_strength": -4.738267,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 61.342968,
        "energy": 48.534574,
        "activity_lines": [
          56.353333,
          55.374545,
          53.560238,
          52.540108
        ]
      },
      {
        "date": "2026-06-12",
        "close": 61.0,
        "volume": 5851,
        "typical_volume": 37422.05,
        "trend": 51.696667,
        "fair_value": 66.027564,
        "relative_strength": 1.661835,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.545348,
        "energy": 56.843551,
        "activity_lines": [
          58.013333,
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          54.377381,
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      },
      {
        "date": "2026-06-19",
        "close": 63.0,
        "volume": 87620,
        "typical_volume": 39843.1,
        "trend": 52.016667,
        "fair_value": 66.126282,
        "relative_strength": 3.005197,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.646639,
        "energy": 65.05325,
        "activity_lines": [
          59.893333,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 62.400002,
        "volume": 4103,
        "typical_volume": 38368.55,
        "trend": 52.48,
        "fair_value": 66.212179,
        "relative_strength": 2.877341,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.254223,
        "energy": 67.963261,
        "activity_lines": [
          61.173334,
          59.041819,
          56.142143,
          54.562258
        ]
      },
      {
        "date": "2026-07-03",
        "close": 70.0,
        "volume": 2651,
        "typical_volume": 35693.85,
        "trend": 53.365,
        "fair_value": 66.257051,
        "relative_strength": 11.863724,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.529561,
        "energy": 81.145218,
        "activity_lines": [
          64.533334,
          61.307273,
          57.622381,
          55.692581
        ]
      },
      {
        "date": "2026-07-10",
        "close": 65.0,
        "volume": 31494,
        "typical_volume": 36657.5,
        "trend": 53.865,
        "fair_value": 66.208333,
        "relative_strength": 5.960171,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.784066,
        "energy": 69.806389,
        "activity_lines": [
          65.28,
          62.390909,
          58.561667,
          56.443226
        ]
      },
      {
        "date": "2026-07-17",
        "close": 65.099998,
        "volume": 33144,
        "typical_volume": 36170.3,
        "trend": 54.438333,
        "fair_value": 66.048718,
        "relative_strength": 6.979774,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.210344,
        "energy": 65.609154,
        "activity_lines": [
          65.553333,
          63.290909,
          59.467619,
          57.168065
        ]
      },
      {
        "date": "2026-07-24",
        "close": 66.800003,
        "volume": 21185,
        "typical_volume": 36155.05,
        "trend": 55.031667,
        "fair_value": 65.947436,
        "relative_strength": 7.75991,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.759898,
        "energy": 61.102824,
        "activity_lines": [
          66.120001,
          64.303637,
          60.465,
          57.965592
        ]
      },
      {
        "date": "2026-07-31",
        "close": 67.0,
        "volume": 12292,
        "typical_volume": 35684.0,
        "trend": 55.605,
        "fair_value": 65.810256,
        "relative_strength": 6.433794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.931673,
        "energy": 47.11911,
        "activity_lines": [
          66.5,
          65.174546,
          61.401905,
          58.737742
        ]
      },
      {
        "date": "2026-08-07",
        "close": 66.0,
        "volume": 12958,
        "typical_volume": 35179.5,
        "trend": 56.128334,
        "fair_value": 65.712821,
        "relative_strength": 2.71321,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.579563,
        "energy": 45.765148,
        "activity_lines": [
          66.24,
          65.656364,
          62.162381,
          59.408387
        ]
      }
    ],
    "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."
    }
  }
}