{
  "ticker": {
    "uuid": "35594aab-b20a-45bd-be4b-fad1680118d9",
    "symbol": "SEB-A",
    "name": "Skandinaviska Enskilda Banken 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 83.373,
    "architecture_energy": 94.011,
    "architecture_maturity": 33.445,
    "architecture_confidence": 78.453,
    "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": 0.0,
        "rotation_up": 87.85,
        "upward_expansion": 99.99,
        "deceleration": 39.0,
        "rotation_down": 8.04,
        "downward_expansion": 21.99
      },
      "activity_lines": [
        220.100001,
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        200.056904,
        193.835676
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 224.199997,
    "trend_reference": 187.920275,
    "distance_from_trend": 0.193059,
    "trend_direction": "Improving",
    "fair_value": 147.718535,
    "distance_from_fair_value": 0.517751,
    "fair_value_direction": "Improving",
    "relative_strength": 9.937643,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.21101,
    "excess_performance": 0.149516,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.193059,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.049302,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.517751,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.218203,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.099376,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.137572,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.21101,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.837261,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 11588823,
      "relative_activity": 1.143552,
      "balance": 4.837261,
      "dry_up": 1.231568,
      "accumulation_observations": 7,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.031514,
      "annualized_volatility": 0.201253,
      "from_high_reference": -0.016667,
      "from_low_reference": 0.379916
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    "levels": {
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      "fair_value_reference": 147.718535,
      "structural_low": 162.567548,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 38,
        "median_return": 0.024093,
        "positive_rate": 0.710526,
        "directional_follow_through": 0.710526,
        "median_excess_return": 0.01831,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.026741,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "deceleration",
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      {
        "regime": "balance",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": 3.48331,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 10665876.8,
        "trend": 184.130315,
        "fair_value": 145.427946,
        "relative_strength": 11.737014,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.525185,
        "energy": 96.45598,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 218.600006,
        "volume": 11985512,
        "typical_volume": 10362464.0,
        "trend": 185.388142,
        "fair_value": 146.167738,
        "relative_strength": 11.341093,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.267682,
        "energy": 97.005061,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 223.300003,
        "volume": 10345836,
        "typical_volume": 10310811.9,
        "trend": 186.639991,
        "fair_value": 146.945438,
        "relative_strength": 11.860109,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.857399,
        "energy": 96.488986,
        "activity_lines": [
          215.720002,
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      },
      {
        "date": "2026-08-07",
        "close": 224.199997,
        "volume": 11588823,
        "typical_volume": 10134059.6,
        "trend": 187.920275,
        "fair_value": 147.718535,
        "relative_strength": 9.937643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.372761,
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        "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."
    }
  }
}