{ "ticker": { "uuid": "56751fbf-c7d9-4a1d-a00a-51407d78800e", "symbol": "FREJA", "name": "Freja eID 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": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 68.348, "architecture_energy": 66.078, "architecture_maturity": 32.0, "architecture_confidence": 77.199, "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": 7.68, "rotation_up": 76.11, "upward_expansion": 87.88, "deceleration": 50.94, "rotation_down": 10.56, "downward_expansion": 12.21 }, "activity_lines": [ 21.913333, 20.708182, 18.78, 17.864946 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 22.1, "trend_reference": 16.938333, "distance_from_trend": 0.304733, "trend_direction": "Improving", "fair_value": 11.592885, "distance_from_fair_value": 0.906342, "fair_value_direction": "Improving", "relative_strength": 22.508665, "relative_strength_direction": "Improving", "price_momentum": 0.407643, "excess_performance": 0.346149, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.304733, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.075905, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.906342, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.373739, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.225087, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.205939, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.407643, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.425159, "read": "Demand-led" } ], "volume": { "latest": 201431, "relative_activity": 1.32819, "balance": 1.425159, "dry_up": 1.066976, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.096763, "annualized_volatility": 0.534016, "from_high_reference": -0.101626, "from_low_reference": 0.990991 }, "levels": { "trend_reference": 16.938333, "fair_value_reference": 11.592885, "structural_low": 13.6, "invalidation": "A 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"modifier": "Early expansion", "gate": "up", "direction": 91.502324, "energy": 91.507702, "activity_lines": [ 19.566667, 17.820909, 16.866429, 16.494516 ] }, { "date": "2026-07-17", "close": 22.299999, "volume": 152219, "typical_volume": 151811.2, "trend": 16.336667, "fair_value": 11.310962, "relative_strength": 32.59672, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.516496, "energy": 93.283193, "activity_lines": [ 20.916666, 18.790909, 17.44, 16.894409 ] }, { "date": "2026-07-24", "close": 20.0, "volume": 154615, "typical_volume": 152224.1, "trend": 16.495, "fair_value": 11.399423, "relative_strength": 16.409744, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.467297, "energy": 85.76304, "activity_lines": [ 21.01, 19.231818, 17.765238, 17.130753 ] }, { "date": "2026-07-31", "close": 22.5, "volume": 138998, "typical_volume": 150169.35, "trend": 16.725, "fair_value": 11.500577, "relative_strength": 28.137217, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.220044, "energy": 88.280531, "activity_lines": [ 21.733333, 20.070909, 18.309762, 17.518172 ] }, { "date": "2026-08-07", "close": 22.1, "volume": 201431, "typical_volume": 151658.3, "trend": 16.938333, "fair_value": 11.592885, "relative_strength": 22.508665, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.34838, "energy": 66.078003, "activity_lines": [ 21.913333, 20.708182, 18.78, 17.864946 ] } ], "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." } } }