{
  "ticker": {
    "uuid": "3b3dd034-3603-4725-9fff-89bab5033d6e",
    "symbol": "ANOD-B",
    "name": "Addnode Group 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": -63.871,
    "architecture_energy": 73.852,
    "architecture_maturity": 100.0,
    "architecture_confidence": 96,
    "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": 12.77,
        "rotation_up": 27.34,
        "upward_expansion": 16.98,
        "deceleration": 41.72,
        "rotation_down": 53.21,
        "downward_expansion": 87.98
      },
      "activity_lines": [
        39.330001,
        40.425455,
        44.219864,
        49.359308
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 42.200001,
    "trend_reference": 57.610276,
    "distance_from_trend": -0.267492,
    "trend_direction": "Weakening",
    "fair_value": 89.774436,
    "distance_from_fair_value": -0.529933,
    "fair_value_direction": "Weakening",
    "relative_strength": -52.015609,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.46762,
    "excess_performance": -0.529114,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.267492,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.238026,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.529933,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.026814,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.520156,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.025964,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.46762,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.403528,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2295297,
      "relative_activity": 0.997063,
      "balance": 0.403528,
      "dry_up": 1.594556,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.107,
      "annualized_volatility": 0.748257,
      "from_high_reference": -0.642142,
      "from_low_reference": 0.363489
    },
    "levels": {
      "trend_reference": 57.610276,
      "fair_value_reference": 89.774436,
      "structural_low": 30.950001,
      "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": 22,
        "median_return": -0.017886,
        "positive_rate": 0.409091,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.027163,
        "regime_survival": 0.772727,
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        "worst_return": -0.27169,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "worst_return": -0.354319,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "regime_survival": 0.4,
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        "worst_return": -0.553644,
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2201344.3,
        "trend": 62.963213,
        "fair_value": 90.474163,
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        "stage": 4,
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        "modifier": "Established contraction",
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        "direction": -78.785654,
        "energy": 65.285877,
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          41.136668,
          42.67,
          47.85988,
          53.661676
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      },
      {
        "date": "2026-07-24",
        "close": 36.200001,
        "volume": 1743566,
        "typical_volume": 2185171.05,
        "trend": 61.06234,
        "fair_value": 90.216683,
        "relative_strength": -59.152507,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.530315,
        "energy": 65.661281,
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          39.316668,
          41.257273,
          46.246337,
          51.935017
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      },
      {
        "date": "2026-07-31",
        "close": 38.25,
        "volume": 2216792,
        "typical_volume": 2240223.95,
        "trend": 59.311149,
        "fair_value": 89.98397,
        "relative_strength": -56.542375,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.626257,
        "energy": 84.043982,
        "activity_lines": [
          38.533334,
          40.392728,
          44.97733,
          50.463253
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      },
      {
        "date": "2026-08-07",
        "close": 42.200001,
        "volume": 2295297,
        "typical_volume": 2302058.95,
        "trend": 57.610276,
        "fair_value": 89.774436,
        "relative_strength": -52.015609,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.870739,
        "energy": 73.852365,
        "activity_lines": [
          39.330001,
          40.425455,
          44.219864,
          49.359308
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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."
    }
  }
}