{
  "ticker": {
    "uuid": "4d80263c-8de2-41a3-93b0-5b56f8e36999",
    "symbol": "AGLX",
    "name": "Agilyx ASA",
    "exchange": "OSL",
    "country": "NO",
    "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": "OSEBX.OL",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 95.731,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "mixed",
    "architecture_direction": -23.194,
    "architecture_energy": 41.442,
    "architecture_maturity": 35.69,
    "architecture_confidence": 73.997,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 36.68,
        "rotation_up": 14.14,
        "upward_expansion": 20.37,
        "deceleration": 57.03,
        "rotation_down": 66.9,
        "downward_expansion": 47.7
      },
      "activity_lines": [
        18.516666,
        19.332727,
        20.15219,
        19.390946
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 18.5,
    "trend_reference": 18.661,
    "distance_from_trend": -0.008628,
    "trend_direction": "Weakening",
    "fair_value": 25.724039,
    "distance_from_fair_value": -0.280828,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.040937,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.15625,
    "excess_performance": 0.031256,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.008628,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.062151,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.280828,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.13707,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.210409,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.099753,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.15625,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.766558,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 66670,
      "relative_activity": 0.419212,
      "balance": 0.766558,
      "dry_up": 0.734754,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.083784,
      "annualized_volatility": 0.612518,
      "from_high_reference": -0.288462,
      "from_low_reference": 0.567797
    },
    "levels": {
      "trend_reference": 18.661,
      "fair_value_reference": 25.724039,
      "structural_low": 11.8,
      "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": 7,
        "median_return": 0.00271,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.016721,
        "regime_survival": 0.714286,
        "best_return": 0.109299,
        "worst_return": -0.081164,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.045063,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.049925,
        "regime_survival": 0.0,
        "best_return": 0.109797,
        "worst_return": -0.019672,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.060069,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.047943,
        "regime_survival": 0.0,
        "best_return": 0.182432,
        "worst_return": -0.062295,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.141164,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.196597,
        "regime_survival": 0.0,
        "best_return": -0.123311,
        "worst_return": -0.159016,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-02-16",
        "end": "2024-03-08",
        "tenure": "New",
        "return": 0.008446,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-15",
        "end": "2024-05-03",
        "tenure": "Developing",
        "return": 0.012007,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-10",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": 0.035473,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-08-30",
        "tenure": "Developing",
        "return": -0.021875,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-06",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": 0.12069,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-01-31",
        "tenure": "Established",
        "return": -0.044207,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-07",
        "end": "2025-02-21",
        "tenure": "New",
        "return": -0.064846,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-28",
        "end": "2025-12-05",
        "tenure": "Extended",
        "return": -0.219672,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-12",
        "end": "2025-12-19",
        "tenure": "New",
        "return": 0.001984,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
        "return": -0.147573,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-01-30",
        "tenure": "New",
        "return": 0.04878,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-06",
        "end": "2026-05-08",
        "tenure": "Established",
        "return": 0.41875,
        "active": false
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      {
        "regime": "rotation_up",
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        "tenure": "Developing",
        "return": -0.026906,
        "active": false
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      {
        "regime": "deceleration",
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        "end": "2026-08-07",
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        "return": 0.00271,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "gate": "mixed",
        "direction": 26.152986,
        "energy": 32.222281,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 212203.95,
        "trend": 19.829333,
        "fair_value": 26.083654,
        "relative_strength": -7.915928,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 18.512565,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 204282.15,
        "trend": 19.604333,
        "fair_value": 26.007372,
        "relative_strength": -20.537532,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.267783,
        "energy": 17.695487,
        "activity_lines": [
          20.67,
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      },
      {
        "date": "2026-07-17",
        "close": 16.9,
        "volume": 270724,
        "typical_volume": 201891.5,
        "trend": 19.326,
        "fair_value": 25.92468,
        "relative_strength": -27.389663,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -21.580324,
        "energy": 25.208639,
        "activity_lines": [
          19.286667,
          20.426364,
          20.312095,
          19.448452
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.6,
        "volume": 69368,
        "typical_volume": 180983.05,
        "trend": 19.087667,
        "fair_value": 25.851603,
        "relative_strength": -21.372719,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -18.733155,
        "energy": 32.632046,
        "activity_lines": [
          18.776667,
          19.961818,
          20.266762,
          19.401613
        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.299999,
        "volume": 60649,
        "typical_volume": 176677.35,
        "trend": 18.877667,
        "fair_value": 25.791987,
        "relative_strength": -18.099465,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.225535,
        "energy": 35.822159,
        "activity_lines": [
          18.68,
          19.691818,
          20.261619,
          19.415312
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.5,
        "volume": 66670,
        "typical_volume": 159036.6,
        "trend": 18.661,
        "fair_value": 25.724039,
        "relative_strength": -21.040937,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -23.193529,
        "energy": 41.441735,
        "activity_lines": [
          18.516666,
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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."
    }
  }
}