{
  "ticker": {
    "uuid": "5bcaeccb-7de4-4703-977c-9135945a4e38",
    "symbol": "OPRA",
    "name": "Opera Ltd",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 68.606,
    "architecture_energy": 45.299,
    "architecture_maturity": 63.267,
    "architecture_confidence": 80.835,
    "architecture_tenure": "Established",
    "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": 18.96,
        "rotation_up": 52.13,
        "upward_expansion": 79.07,
        "deceleration": 64.2,
        "rotation_down": 24.39,
        "downward_expansion": 5.73
      },
      "activity_lines": [
        19.250667,
        19.04678,
        18.552874,
        17.704977
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 19.96,
    "trend_reference": 16.462835,
    "distance_from_trend": 0.212428,
    "trend_direction": "Improving",
    "fair_value": 14.64985,
    "distance_from_fair_value": 0.362471,
    "fair_value_direction": "Improving",
    "relative_strength": 10.202223,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.570417,
    "excess_performance": 0.382963,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.212428,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.119403,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.362471,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.063448,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.102022,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.107039,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.570417,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.610518,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1637718,
      "relative_activity": 0.800906,
      "balance": 1.610518,
      "dry_up": 0.836917,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.073679,
      "annualized_volatility": 0.508519,
      "from_high_reference": -0.039461,
      "from_low_reference": 0.704526
    },
    "levels": {
      "trend_reference": 16.462835,
      "fair_value_reference": 14.64985,
      "structural_low": 11.89,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.013492,
        "positive_rate": 0.578947,
        "directional_follow_through": 0.578947,
        "median_excess_return": 0.025736,
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        "best_return": 0.404545,
        "worst_return": -0.277551,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "positive_rate": 0.5,
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        "regime_survival": 0.375,
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        "worst_return": -0.234264,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "directional_follow_through": 0.2,
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        "regime_survival": 0.2,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": 0.2257,
        "sufficient": false
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        "regime": "rotation_down",
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2206514.65,
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        "fair_value": 14.569124,
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        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.977407,
        "energy": 58.521863,
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      },
      {
        "date": "2026-07-24",
        "close": 18.48,
        "volume": 1656331,
        "typical_volume": 2094541.55,
        "trend": 16.077717,
        "fair_value": 14.588391,
        "relative_strength": 7.82091,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 60.344373,
        "energy": 45.980141,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 18.9,
        "volume": 1593086,
        "typical_volume": 2061545.0,
        "trend": 16.246169,
        "fair_value": 14.609956,
        "relative_strength": 9.710331,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.310932,
        "energy": 41.5771,
        "activity_lines": [
          18.960239,
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          17.465375
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      },
      {
        "date": "2026-08-07",
        "close": 19.96,
        "volume": 1637718,
        "typical_volume": 2044830.9,
        "trend": 16.462835,
        "fair_value": 14.64985,
        "relative_strength": 10.202223,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.605988,
        "energy": 45.299075,
        "activity_lines": [
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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."
    }
  }
}