{
  "ticker": {
    "uuid": "3901d9d6-c38d-4f89-a97a-36164636ac76",
    "symbol": "SPOTR",
    "name": "Spotr 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 93.361,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -49.667,
    "architecture_energy": 68.137,
    "architecture_maturity": 77.0,
    "architecture_confidence": 88.815,
    "architecture_tenure": "Established",
    "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": 22.16,
        "rotation_up": 28.0,
        "upward_expansion": 36.08,
        "deceleration": 23.47,
        "rotation_down": 39.32,
        "downward_expansion": 74.75
      },
      "activity_lines": [
        9.433333,
        8.762727,
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        13.14414
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 10.0,
    "trend_reference": 17.956667,
    "distance_from_trend": -0.443104,
    "trend_direction": "Weakening",
    "fair_value": 45.688206,
    "distance_from_fair_value": -0.781125,
    "fair_value_direction": "Improving",
    "relative_strength": -61.22443,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.650655,
    "excess_performance": -0.712149,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.443104,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.272519,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.781125,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.0826,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.612244,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.088436,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.650655,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.78474,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 49294,
      "relative_activity": 6.305556,
      "balance": 4.78474,
      "dry_up": 3.460707,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.092692,
      "annualized_volatility": 1.678588,
      "from_high_reference": -0.650655,
      "from_low_reference": 0.470588
    },
    "levels": {
      "trend_reference": 17.956667,
      "fair_value_reference": 45.688206,
      "structural_low": 6.8,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 45,
        "median_return": -0.104972,
        "positive_rate": 0.244444,
        "directional_follow_through": 0.755556,
        "median_excess_return": -0.103224,
        "regime_survival": 0.911111,
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        "worst_return": -0.534615,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "fair_value": 56.318624,
        "relative_strength": -70.755471,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.364983,
        "energy": 69.853383,
        "activity_lines": [
          8.51,
          9.764091,
          16.118571,
          19.559731
        ]
      },
      {
        "date": "2026-06-19",
        "close": 8.1,
        "volume": 154,
        "typical_volume": 1942.6,
        "trend": 22.644167,
        "fair_value": 54.662383,
        "relative_strength": -71.494182,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.592425,
        "energy": 69.734174,
        "activity_lines": [
          8.336667,
          8.921364,
          14.920476,
          18.577258
        ]
      },
      {
        "date": "2026-06-26",
        "close": 7.5,
        "volume": 5,
        "typical_volume": 1942.85,
        "trend": 21.94,
        "fair_value": 53.113216,
        "relative_strength": -72.867882,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.761209,
        "energy": 70.603748,
        "activity_lines": [
          8.006667,
          8.342727,
          13.762976,
          17.600215
        ]
      },
      {
        "date": "2026-07-03",
        "close": 6.8,
        "volume": 324,
        "typical_volume": 1959.05,
        "trend": 21.2125,
        "fair_value": 51.781401,
        "relative_strength": -75.610876,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.532155,
        "energy": 71.546083,
        "activity_lines": [
          7.546667,
          8.020909,
          12.639405,
          16.623441
        ]
      },
      {
        "date": "2026-07-10",
        "close": 7.25,
        "volume": 8953,
        "typical_volume": 2406.7,
        "trend": 20.5,
        "fair_value": 50.252815,
        "relative_strength": -72.88578,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.614213,
        "energy": 68.163568,
        "activity_lines": [
          7.363333,
          7.820909,
          11.662619,
          15.722634
        ]
      },
      {
        "date": "2026-07-17",
        "close": 9.35,
        "volume": 39554,
        "typical_volume": 4384.4,
        "trend": 19.8575,
        "fair_value": 49.066013,
        "relative_strength": -64.009146,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.711106,
        "energy": 64.421072,
        "activity_lines": [
          7.95,
          8.034545,
          10.987619,
          15.00328
        ]
      },
      {
        "date": "2026-07-24",
        "close": 9.85,
        "volume": 6981,
        "typical_volume": 4733.45,
        "trend": 19.231667,
        "fair_value": 47.93122,
        "relative_strength": -62.009218,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.176577,
        "energy": 85.035248,
        "activity_lines": [
          8.633333,
          8.332727,
          10.452024,
          14.357634
        ]
      },
      {
        "date": "2026-07-31",
        "close": 9.0,
        "volume": 12388,
        "typical_volume": 5352.85,
        "trend": 18.5775,
        "fair_value": 46.795416,
        "relative_strength": -65.086824,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.729303,
        "energy": 81.847171,
        "activity_lines": [
          8.916667,
          8.456364,
          9.924881,
          13.697527
        ]
      },
      {
        "date": "2026-08-07",
        "close": 10.0,
        "volume": 49294,
        "typical_volume": 7817.55,
        "trend": 17.956667,
        "fair_value": 45.688206,
        "relative_strength": -61.22443,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.666565,
        "energy": 68.136956,
        "activity_lines": [
          9.433333,
          8.762727,
          9.586429,
          13.14414
        ]
      }
    ],
    "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."
    }
  }
}