{
  "ticker": {
    "uuid": "59f06bf4-da43-43f2-b3bf-66f00bd19b6e",
    "symbol": "SYNACT",
    "name": "SynAct Pharma AB",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 69.718,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 14.785,
    "architecture_energy": 20.299,
    "architecture_maturity": 10.099,
    "architecture_confidence": 44.678,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 51.68,
        "rotation_up": 49.05,
        "upward_expansion": 40.93,
        "deceleration": 30.77,
        "rotation_down": 19.06,
        "downward_expansion": 15.93
      },
      "activity_lines": [
        18.909333,
        18.228363,
        17.141333,
        17.235548
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 18.799999,
    "trend_reference": 17.883667,
    "distance_from_trend": 0.051239,
    "trend_direction": "Weakening",
    "fair_value": 16.086992,
    "distance_from_fair_value": 0.168646,
    "fair_value_direction": "Improving",
    "relative_strength": -13.702234,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.133641,
    "excess_performance": -0.195135,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.051239,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.076559,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.168646,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.520882,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.137022,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.228258,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.133641,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.746917,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 743038,
      "relative_activity": 0.579237,
      "balance": 0.746917,
      "dry_up": 0.66373,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.182938,
      "annualized_volatility": 0.925978,
      "from_high_reference": -0.256917,
      "from_low_reference": 1.666667
    },
    "levels": {
      "trend_reference": 17.883667,
      "fair_value_reference": 16.086992,
      "structural_low": 7.05,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.053753,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.039949,
        "regime_survival": 0.333333,
        "best_return": 0.065663,
        "worst_return": -0.208333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.339996,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.31745,
        "regime_survival": 0.0,
        "best_return": 0.062315,
        "worst_return": -0.832094,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.079474,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.163896,
        "regime_survival": 0.0,
        "best_return": 0.31632,
        "worst_return": -0.929746,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.142367,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.281963,
        "regime_survival": 0.333333,
        "best_return": 1.716511,
        "worst_return": -0.921477,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-08",
        "end": "2024-11-22",
        "tenure": "New",
        "return": 0.16625,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-29",
        "end": "2025-03-28",
        "tenure": "Established",
        "return": 0.26746,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": 0.158392,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-04-18",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": -0.260317,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.16453,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": -0.177064,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-29",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": 0.286517,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-10",
        "end": "2025-11-14",
        "tenure": "Developing",
        "return": -0.148297,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-21",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.138756,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-23",
        "end": "2026-02-06",
        "tenure": "New",
        "return": -0.013636,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-13",
        "end": "2026-02-20",
        "tenure": "New",
        "return": 0.063373,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-27",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.11066,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
        "end": "2026-07-17",
        "tenure": "Established",
        "return": 0.165877,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.017316,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 95.099998,
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      },
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      },
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      },
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        "date": "2026-05-01",
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      },
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "stage": 4,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 1346023.25,
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        "fair_value": 18.145838,
        "relative_strength": 1.582811,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 16.420171,
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      },
      {
        "date": "2026-07-17",
        "close": 19.68,
        "volume": 703500,
        "typical_volume": 1359354.9,
        "trend": 18.314,
        "fair_value": 17.616864,
        "relative_strength": -6.784961,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 20.095574,
        "energy": 29.833749,
        "activity_lines": [
          18.993333,
          17.155636,
          16.641428,
          17.165075
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.48,
        "volume": 1078709,
        "typical_volume": 1359002.75,
        "trend": 18.136667,
        "fair_value": 17.149428,
        "relative_strength": -13.295211,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 17.967956,
        "energy": 30.07653,
        "activity_lines": [
          19.32,
          17.581454,
          16.808095,
          17.175785
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      },
      {
        "date": "2026-07-31",
        "close": 18.26,
        "volume": 880454,
        "typical_volume": 1313054.7,
        "trend": 17.997,
        "fair_value": 16.652377,
        "relative_strength": -14.920923,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 17.795628,
        "energy": 28.716576,
        "activity_lines": [
          19.118667,
          17.894545,
          16.950762,
          17.183742
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.799999,
        "volume": 743038,
        "typical_volume": 1282787.9,
        "trend": 17.883667,
        "fair_value": 16.086992,
        "relative_strength": -13.702234,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 14.785049,
        "energy": 20.299366,
        "activity_lines": [
          18.909333,
          18.228363,
          17.141333,
          17.235548
        ]
      }
    ],
    "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."
    }
  }
}