{
  "ticker": {
    "uuid": "57c38aa5-f4ac-46a3-a039-a2997d09fd9e",
    "symbol": "TAGM-B",
    "name": "TagMaster 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 34.473,
    "architecture_energy": 23.212,
    "architecture_maturity": 74.411,
    "architecture_confidence": 95.32,
    "architecture_tenure": "New",
    "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": 41.49,
        "rotation_up": 23.18,
        "upward_expansion": 56.28,
        "deceleration": 91.16,
        "rotation_down": 30.08,
        "downward_expansion": 19.94
      },
      "activity_lines": [
        38.033332,
        39.121817,
        38.048095,
        35.204839
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 36.299999,
    "trend_reference": 31.088333,
    "distance_from_trend": 0.167641,
    "trend_direction": "Improving",
    "fair_value": 19.452244,
    "distance_from_fair_value": 0.866109,
    "fair_value_direction": "Weakening",
    "relative_strength": 31.975677,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.736842,
    "excess_performance": 0.675348,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.167641,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.326388,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.866109,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.044598,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.319757,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.318947,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.736842,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.57818,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 132876,
      "relative_activity": 1.504957,
      "balance": 1.57818,
      "dry_up": 1.354306,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.119093,
      "annualized_volatility": 0.50865,
      "from_high_reference": -0.196903,
      "from_low_reference": 1.630435
    },
    "levels": {
      "trend_reference": 31.088333,
      "fair_value_reference": 19.452244,
      "structural_low": 21.299999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": -0.009106,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.009983,
        "regime_survival": 0.625,
        "best_return": 0.201031,
        "worst_return": -0.098266,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.012278,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.035999,
        "regime_survival": 0.166667,
        "best_return": 0.189655,
        "worst_return": -0.191542,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.162712,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.032486,
        "regime_survival": 0.4,
        "best_return": 0.484472,
        "worst_return": -0.255319,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.341463,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.254606,
        "regime_survival": 0.333333,
        "best_return": 0.389831,
        "worst_return": -0.489362,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
        "end": "2024-02-02",
        "tenure": "Developing",
        "return": 0.033816,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-02-09",
        "end": "2024-05-31",
        "tenure": "Established",
        "return": -0.004878,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-07",
        "end": "2024-07-12",
        "tenure": "Developing",
        "return": -0.182039,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-19",
        "end": "2025-02-14",
        "tenure": "Extended",
        "return": -0.128205,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-21",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.218855,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-18",
        "end": "2025-04-25",
        "tenure": "New",
        "return": -0.166667,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-05-02",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.181818,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.039286,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": 0.016077,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-26",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": 0.040373,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-07",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.040625,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-21",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.105769,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-02",
        "end": "2026-07-17",
        "tenure": "Extended",
        "return": 0.851852,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.0925,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 17.9,
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        "typical_volume": 61208.6,
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        "close": 33.400002,
        "volume": 127266,
        "typical_volume": 84341.95,
        "trend": 21.34,
        "fair_value": 17.480449,
        "relative_strength": 63.870423,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.935814,
        "energy": 91.413784,
        "activity_lines": [
          30.400001,
          28.347273,
          25.992381,
          23.935376
        ]
      },
      {
        "date": "2026-05-15",
        "close": 35.700001,
        "volume": 93821,
        "typical_volume": 88667.2,
        "trend": 22.01,
        "fair_value": 17.632051,
        "relative_strength": 73.950325,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.591339,
        "energy": 95.767512,
        "activity_lines": [
          32.506668,
          29.932728,
          27.125476,
          24.861828
        ]
      },
      {
        "date": "2026-05-22",
        "close": 35.700001,
        "volume": 146117,
        "typical_volume": 93334.85,
        "trend": 22.623334,
        "fair_value": 17.782692,
        "relative_strength": 65.019403,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.150592,
        "energy": 93.157706,
        "activity_lines": [
          34.033334,
          31.323637,
          28.170715,
          25.745054
        ]
      },
      {
        "date": "2026-05-29",
        "close": 41.200001,
        "volume": 208614,
        "typical_volume": 101687.5,
        "trend": 23.438334,
        "fair_value": 17.960897,
        "relative_strength": 86.99768,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.090169,
        "energy": 97.308196,
        "activity_lines": [
          36.846668,
          33.516364,
          29.659762,
          26.943549
        ]
      },
      {
        "date": "2026-06-05",
        "close": 40.700001,
        "volume": 5323,
        "typical_volume": 98491.8,
        "trend": 24.261667,
        "fair_value": 18.133333,
        "relative_strength": 82.052725,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.570487,
        "energy": 94.054786,
        "activity_lines": [
          38.680001,
          35.301819,
          30.997143,
          28.057205
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      },
      {
        "date": "2026-06-12",
        "close": 42.799999,
        "volume": 30902,
        "typical_volume": 99036.9,
        "trend": 25.176667,
        "fair_value": 18.319231,
        "relative_strength": 87.65027,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.346705,
        "energy": 94.152554,
        "activity_lines": [
          40.5,
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          32.430953,
          29.253226
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      },
      {
        "date": "2026-06-19",
        "close": 42.900002,
        "volume": 106122,
        "typical_volume": 103650.0,
        "trend": 26.086667,
        "fair_value": 18.503846,
        "relative_strength": 80.58142,
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        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 88.068706,
        "activity_lines": [
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          38.727274,
          33.759524,
          30.396667
        ]
      },
      {
        "date": "2026-06-26",
        "close": 39.299999,
        "volume": 7092,
        "typical_volume": 97918.4,
        "trend": 26.851667,
        "fair_value": 18.666346,
        "relative_strength": 63.828545,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.814129,
        "energy": 67.186727,
        "activity_lines": [
          41.273334,
          39.347273,
          34.634286,
          31.24914
        ]
      },
      {
        "date": "2026-07-03",
        "close": 40.799999,
        "volume": 7665,
        "typical_volume": 89603.7,
        "trend": 27.665,
        "fair_value": 18.829167,
        "relative_strength": 62.363488,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.782277,
        "energy": 65.157214,
        "activity_lines": [
          41.08,
          40.025455,
          35.564286,
          32.149032
        ]
      },
      {
        "date": "2026-07-10",
        "close": 42.599998,
        "volume": 67946,
        "typical_volume": 88198.45,
        "trend": 28.505,
        "fair_value": 18.996474,
        "relative_strength": 69.973463,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.102628,
        "energy": 65.273644,
        "activity_lines": [
          41.513332,
          40.816363,
          36.582857,
          33.112581
        ]
      },
      {
        "date": "2026-07-17",
        "close": 35.0,
        "volume": 149239,
        "typical_volume": 86089.0,
        "trend": 29.091667,
        "fair_value": 19.089423,
        "relative_strength": 39.314239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.696969,
        "energy": 39.491293,
        "activity_lines": [
          39.286666,
          39.996363,
          36.79,
          33.531613
        ]
      },
      {
        "date": "2026-07-24",
        "close": 40.0,
        "volume": 100600,
        "typical_volume": 86263.9,
        "trend": 29.85,
        "fair_value": 19.211218,
        "relative_strength": 54.181903,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.799926,
        "energy": 35.304423,
        "activity_lines": [
          39.246666,
          40.056363,
          37.425714,
          34.235376
        ]
      },
      {
        "date": "2026-07-31",
        "close": 39.099998,
        "volume": 95584,
        "typical_volume": 86426.4,
        "trend": 30.523333,
        "fair_value": 19.334615,
        "relative_strength": 46.601461,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.164131,
        "energy": 30.02518,
        "activity_lines": [
          39.099999,
          39.874545,
          37.904286,
          34.83215
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.299999,
        "volume": 132876,
        "typical_volume": 88292.25,
        "trend": 31.088333,
        "fair_value": 19.452244,
        "relative_strength": 31.975677,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.473259,
        "energy": 23.211609,
        "activity_lines": [
          38.033332,
          39.121817,
          38.048095,
          35.204839
        ]
      }
    ],
    "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."
    }
  }
}