{
  "ticker": {
    "uuid": "5f90d98b-7b7c-4647-906f-8eeea963ac6a",
    "symbol": "ENRO",
    "name": "Eniro 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": "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": 49.333,
    "architecture_energy": 28.328,
    "architecture_maturity": 40.238,
    "architecture_confidence": 76.689,
    "architecture_tenure": "Developing",
    "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": 36.54,
        "rotation_up": 54.94,
        "upward_expansion": 66.68,
        "deceleration": 56.65,
        "rotation_down": 16.84,
        "downward_expansion": 12.35
      },
      "activity_lines": [
        28.985333,
        28.183455,
        28.571515,
        28.020807
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 31.1,
    "trend_reference": 26.203193,
    "distance_from_trend": 0.186878,
    "trend_direction": "Improving",
    "fair_value": 22.254872,
    "distance_from_fair_value": 0.397447,
    "fair_value_direction": "Improving",
    "relative_strength": 21.852907,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.869008,
    "excess_performance": 0.807514,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.186878,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.143163,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.397447,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.074712,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.218529,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.038796,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.869008,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.425419,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 67673,
      "relative_activity": 0.757424,
      "balance": 3.425419,
      "dry_up": 0.540731,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.100502,
      "annualized_volatility": 0.546111,
      "from_high_reference": -0.144852,
      "from_low_reference": 0.933272
    },
    "levels": {
      "trend_reference": 26.203193,
      "fair_value_reference": 22.254872,
      "structural_low": 16.409374,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": -0.037931,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.108575,
        "regime_survival": 0.4,
        "best_return": 0.103668,
        "worst_return": -0.130872,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.065517,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.028009,
        "regime_survival": 0.0,
        "best_return": 0.257143,
        "worst_return": -0.097938,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.073809,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.221835,
        "regime_survival": 0.0,
        "best_return": 0.02069,
        "worst_return": -0.207898,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.169842,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.044169,
        "regime_survival": 0.0,
        "best_return": 0.614286,
        "worst_return": -0.274602,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-19",
        "end": "2024-07-12",
        "tenure": "Established",
        "return": -0.051438,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-19",
        "end": "2024-10-18",
        "tenure": "Established",
        "return": 0.068182,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-13",
        "tenure": "Developing",
        "return": 0.063636,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-20",
        "end": "2024-12-27",
        "tenure": "New",
        "return": -0.025532,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": 0.076923,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.104167,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-11",
        "end": "2025-04-25",
        "tenure": "New",
        "return": -0.033333,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.00495,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-16",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.223881,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "return": -0.223485,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-02-20",
        "tenure": "Established",
        "return": 0.11,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      {
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      {
        "regime": "deceleration",
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        "return": 0.043624,
        "active": true
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "typical_volume": 166886.6,
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      },
      {
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      },
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        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 136924.7,
        "trend": 24.726719,
        "fair_value": 22.139372,
        "relative_strength": 9.032507,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 13.851392,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 26.110001,
        "volume": 16349,
        "typical_volume": 108430.95,
        "trend": 25.011661,
        "fair_value": 22.153738,
        "relative_strength": 8.715411,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.270415,
        "energy": 12.218549,
        "activity_lines": [
          26.562667,
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          28.304647,
          27.230286
        ]
      },
      {
        "date": "2026-07-24",
        "close": 28.584999,
        "volume": 77984,
        "typical_volume": 105588.0,
        "trend": 25.379104,
        "fair_value": 22.181829,
        "relative_strength": 16.753269,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.228222,
        "energy": 8.699025,
        "activity_lines": [
          27.232,
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          28.328617,
          27.460824
        ]
      },
      {
        "date": "2026-07-31",
        "close": 28.700001,
        "volume": 31243,
        "typical_volume": 98234.5,
        "trend": 25.741161,
        "fair_value": 22.210658,
        "relative_strength": 15.194817,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.930624,
        "energy": 12.003112,
        "activity_lines": [
          27.802,
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          28.34068,
          27.675075
        ]
      },
      {
        "date": "2026-08-07",
        "close": 31.1,
        "volume": 67673,
        "typical_volume": 89346.2,
        "trend": 26.203193,
        "fair_value": 22.254872,
        "relative_strength": 21.852907,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 49.332661,
        "energy": 28.327656,
        "activity_lines": [
          28.985333,
          28.183455,
          28.571515,
          28.020807
        ]
      }
    ],
    "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."
    }
  }
}