{
  "ticker": {
    "uuid": "6033f7a0-0398-4dba-9fc3-b149534f7aa2",
    "symbol": "PEXIP",
    "name": "Pexip Holding ASA",
    "exchange": "OSL",
    "country": "NO",
    "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": "OSEBX.OL",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 92.495,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 65.9,
    "architecture_energy": 47.584,
    "architecture_maturity": 48.912,
    "architecture_confidence": 71.161,
    "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": 23.31,
        "rotation_up": 46.43,
        "upward_expansion": 76.98,
        "deceleration": 64.48,
        "rotation_down": 28.8,
        "downward_expansion": 12.65
      },
      "activity_lines": [
        80.32,
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        77.691131,
        74.170148
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 81.5,
    "trend_reference": 70.74971,
    "distance_from_trend": 0.151948,
    "trend_direction": "Improving",
    "fair_value": 43.500694,
    "distance_from_fair_value": 0.873533,
    "fair_value_direction": "Weakening",
    "relative_strength": 9.128059,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.180561,
    "excess_performance": 0.055567,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.151948,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.075608,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.873533,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.242838,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.091281,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.063225,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.180561,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.458249,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 357555,
      "relative_activity": 0.454857,
      "balance": 0.458249,
      "dry_up": 0.523548,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.050496,
      "annualized_volatility": 0.436949,
      "from_high_reference": -0.051222,
      "from_low_reference": 0.588549
    },
    "levels": {
      "trend_reference": 70.74971,
      "fair_value_reference": 43.500694,
      "structural_low": 55.925888,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 30,
        "median_return": 0.02284,
        "positive_rate": 0.633333,
        "directional_follow_through": 0.633333,
        "median_excess_return": 0.014102,
        "regime_survival": 0.733333,
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        "worst_return": -0.140975,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.6,
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        "worst_return": -0.142473,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 1.0,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": 0.50592,
        "sufficient": false
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    ],
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        "end": "2025-05-02",
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      },
      {
        "regime": "rotation_up",
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "deceleration",
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        "regime": "rotation_down",
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        "regime": "balance",
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        "date": "2026-04-17",
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        "stage": 3,
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        "modifier": "Supply rotation",
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 1462202.45,
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      },
      {
        "date": "2026-05-01",
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        "relative_strength": -5.327202,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 1505108.85,
        "trend": 63.750341,
        "fair_value": 38.414814,
        "relative_strength": 15.450527,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "up",
        "direction": 78.123697,
        "energy": 64.448982,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 1524934.65,
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        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-05-22",
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        "relative_strength": 5.131758,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 72.063575,
        "energy": 86.835082,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 77.0,
        "volume": 963991,
        "typical_volume": 1557809.0,
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        "relative_strength": 7.116518,
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        "modifier": "Re-accelerating",
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        "direction": 67.733426,
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      },
      {
        "date": "2026-06-05",
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        "volume": 106128,
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        "fair_value": 39.901199,
        "relative_strength": 6.943985,
        "stage": 2,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 1504742.85,
        "trend": 67.168762,
        "fair_value": 40.265249,
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        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 62.347216,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 1407007.55,
        "trend": 68.560967,
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        "relative_strength": 9.495764,
        "stage": 2,
        "regime": "deceleration",
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        "direction": 46.512215,
        "energy": 40.161062,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 148433,
        "typical_volume": 1270794.55,
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        "fair_value": 41.451456,
        "relative_strength": 18.991151,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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      },
      {
        "date": "2026-07-10",
        "close": 84.599998,
        "volume": 483422,
        "typical_volume": 1202192.2,
        "trend": 69.544433,
        "fair_value": 41.889938,
        "relative_strength": 19.701041,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "direction": 77.237481,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 80.0,
        "volume": 404970,
        "typical_volume": 1116881.9,
        "trend": 69.872209,
        "fair_value": 42.298166,
        "relative_strength": 11.499161,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.427721,
        "energy": 72.206853,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 76.900002,
        "volume": 414457,
        "typical_volume": 1057555.95,
        "trend": 70.071503,
        "fair_value": 42.68696,
        "relative_strength": 4.351049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.173001,
        "energy": 58.665044,
        "activity_lines": [
          80.14,
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          76.029137,
          72.781836
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      },
      {
        "date": "2026-07-31",
        "close": 80.5,
        "volume": 469223,
        "typical_volume": 1000668.45,
        "trend": 70.409658,
        "fair_value": 43.091443,
        "relative_strength": 8.521369,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.849453,
        "energy": 47.141265,
        "activity_lines": [
          80.233333,
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          76.860695,
          73.454642
        ]
      },
      {
        "date": "2026-08-07",
        "close": 81.5,
        "volume": 357555,
        "typical_volume": 786081.65,
        "trend": 70.74971,
        "fair_value": 43.500694,
        "relative_strength": 9.128059,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.900299,
        "energy": 47.584498,
        "activity_lines": [
          80.32,
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          74.170148
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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."
    }
  }
}