{ "ticker": { "uuid": "599598d9-6df9-44e7-943c-67e9d63405ab", "symbol": "MCAP", "name": "MedCap 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 57.431, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 50.421, "architecture_energy": 47.454, "architecture_maturity": 8.321, "architecture_confidence": 76.197, "architecture_tenure": "New", "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": 38.85, "rotation_up": 54.72, "upward_expansion": 81.05, "deceleration": 50.0, "rotation_down": 16.67, "downward_expansion": 12.39 }, "activity_lines": [ 537.133333, 527.829091, 520.372857, 512.133978 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 533.0, "trend_reference": 505.686666, "distance_from_trend": 0.054012, "trend_direction": "Weakening", "fair_value": 469.779487, "distance_from_fair_value": 0.134575, "fair_value_direction": "Improving", "relative_strength": -11.944359, "relative_strength_direction": "Improving", "price_momentum": -0.020221, "excess_performance": -0.081715, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054012, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.014038, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.134575, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004399, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.119444, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.014817, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.020221, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.417229, "read": "Demand-led" } ], "volume": { "latest": 71202, "relative_activity": 1.035791, "balance": 1.417229, "dry_up": 1.012487, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.079535, "annualized_volatility": 0.384545, "from_high_reference": -0.208024, "from_low_reference": 0.211364 }, "levels": { "trend_reference": 505.686666, "fair_value_reference": 469.779487, 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13.185443, "activity_lines": [ 514.04, 512.283636, 508.21238, 504.326021 ] }, { "date": "2026-07-24", "close": 556.5, "volume": 113662, "typical_volume": 69454.8, "trend": 505.569999, "fair_value": 466.73141, "relative_strength": -6.580584, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.806163, "energy": 46.733053, "activity_lines": [ 529.533333, 519.465455, 513.592856, 507.627956 ] }, { "date": "2026-07-31", "close": 548.5, "volume": 47001, "typical_volume": 69260.35, "trend": 506.086666, "fair_value": 468.253846, "relative_strength": -8.421073, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.351098, "energy": 47.162885, "activity_lines": [ 537.1, 524.901818, 517.897142, 510.397634 ] }, { "date": "2026-08-07", "close": 533.0, "volume": 71202, "typical_volume": 68741.65, "trend": 505.686666, "fair_value": 469.779487, "relative_strength": -11.944359, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.421234, "energy": 47.454329, "activity_lines": [ 537.133333, 527.829091, 520.372857, 512.133978 ] } ], "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." } } }