{
  "ticker": {
    "uuid": "5598c93c-e2bd-4d25-8ab9-2371756e4537",
    "symbol": "BOUV",
    "name": "Bouvet 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": "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": -35.046,
    "architecture_energy": 18.377,
    "architecture_maturity": 100.0,
    "architecture_confidence": 66.577,
    "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": 48.85,
        "rotation_up": 26.6,
        "upward_expansion": 18.49,
        "deceleration": 46.32,
        "rotation_down": 24.72,
        "downward_expansion": 54.82
      },
      "activity_lines": [
        44.966666,
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        45.905876
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 45.700001,
    "trend_reference": 47.306491,
    "distance_from_trend": -0.033959,
    "trend_direction": "Weakening",
    "fair_value": 56.966476,
    "distance_from_fair_value": -0.197774,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.630407,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.157497,
    "excess_performance": -0.282491,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.033959,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.081756,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.197774,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.030594,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.236304,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.06804,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.157497,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.056856,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 660275,
      "relative_activity": 1.170246,
      "balance": 1.056856,
      "dry_up": 0.933335,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.048568,
      "annualized_volatility": 0.312745,
      "from_high_reference": -0.341752,
      "from_low_reference": 0.109918
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    "levels": {
      "trend_reference": 47.306491,
      "fair_value_reference": 56.966476,
      "structural_low": 41.174211,
      "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": 24,
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        "positive_rate": 0.583333,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.016252,
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        "worst_return": -0.17479,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.195902,
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        "horizon": "Extended",
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        "worst_return": -0.238635,
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        "horizon": "Full cycle",
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        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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        "date": "2026-07-03",
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        "relative_strength": -27.580729,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 650197.2,
        "trend": 48.450227,
        "fair_value": 57.092366,
        "relative_strength": -26.80026,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.0157,
        "energy": 46.697194,
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          44.26,
          45.527719,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 44.299999,
        "volume": 378777,
        "typical_volume": 622817.55,
        "trend": 48.021982,
        "fair_value": 57.044275,
        "relative_strength": -27.245001,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.882805,
        "energy": 39.125019,
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          44.033332,
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          45.342065,
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      },
      {
        "date": "2026-07-31",
        "close": 45.349998,
        "volume": 715324,
        "typical_volume": 608110.25,
        "trend": 47.650596,
        "fair_value": 57.00827,
        "relative_strength": -24.912709,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.583925,
        "energy": 27.97062,
        "activity_lines": [
          44.519999,
          44.267272,
          45.272531,
          46.031721
        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.700001,
        "volume": 660275,
        "typical_volume": 564219.1,
        "trend": 47.306491,
        "fair_value": 56.966476,
        "relative_strength": -23.630407,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.045595,
        "energy": 18.377207,
        "activity_lines": [
          44.966666,
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          45.242543,
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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."
    }
  }
}