{ "ticker": { "uuid": "6d1d9a63-39ea-450b-be48-21a6a80d6a57", "symbol": "CLS-B", "name": "Clinical Laserthermia Systems 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -81.147, "architecture_energy": 92.124, "architecture_maturity": 68.0, "architecture_confidence": 82.819, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 0.52, "rotation_up": 9.11, "upward_expansion": 21.92, "deceleration": 37.02, "rotation_down": 85.47, "downward_expansion": 99.92 }, "activity_lines": [ 2.144441, 2.647866, 3.202403, 3.725584 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 1.834, "trend_reference": 4.630607, "distance_from_trend": -0.60394, "trend_direction": "Weakening", "fair_value": 10.14211, "distance_from_fair_value": -0.81917, "fair_value_direction": "Weakening", "relative_strength": -73.49137, "relative_strength_direction": "Weakening", "price_momentum": -0.760261, "excess_performance": -0.821756, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.60394, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.246647, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.81917, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.106487, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.734914, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.2593, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.760261, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.395595, "read": "Supply-led" } ], "volume": { "latest": 318837, "relative_activity": 0.837022, "balance": 0.395595, "dry_up": 1.464428, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.334493, "annualized_volatility": 1.137907, "from_high_reference": -0.862725, "from_low_reference": 0.046804 }, "levels": { "trend_reference": 4.630607, "fair_value_reference": 10.14211, "structural_low": 1.752, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 45, "median_return": -0.030184, "positive_rate": 0.4, "directional_follow_through": 0.577778, "median_excess_return": -0.053759, "regime_survival": 0.888889, "best_return": 1.005943, "worst_return": -0.578035, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.235294, "positive_rate": 0.266667, "directional_follow_through": 0.733333, "median_excess_return": -0.236094, "regime_survival": 0.733333, "best_return": 0.9, "worst_return": -0.611945, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.35188, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.3763, "regime_survival": 0.75, "best_return": 0.343434, "worst_return": -0.7284, "sufficient": true }, { "horizon": "Full cycle", 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"Established contraction", "gate": "down", "direction": -67.353715, "energy": 61.012491, "activity_lines": [ 3.743667, 3.903273, 4.373762, 5.02228 ] }, { "date": "2026-06-19", "close": 3.575, "volume": 167675, "typical_volume": 531181.75, "trend": 5.680833, "fair_value": 11.125808, "relative_strength": -48.796154, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.752716, "energy": 60.688727, "activity_lines": [ 3.623, 3.805818, 4.236095, 4.878688 ] }, { "date": "2026-06-26", "close": 3.525, "volume": 14058, "typical_volume": 520250.5, "trend": 5.569667, "fair_value": 10.968917, "relative_strength": -49.093068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.202824, "energy": 56.382691, "activity_lines": [ 3.550667, 3.724636, 4.112881, 4.739602 ] }, { "date": "2026-07-03", "close": 3.44, "volume": 34614, "typical_volume": 497602.55, "trend": 5.434, 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"date": "2026-07-24", "close": 1.910205, "volume": 1261091, "typical_volume": 373671.4, "trend": 5.006007, "fair_value": 10.439367, "relative_strength": -72.295365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.264634, "energy": 68.536893, "activity_lines": [ 2.848402, 3.16631, 3.585377, 4.120476 ] }, { "date": "2026-07-31", "close": 1.894, "volume": 544880, "typical_volume": 386916.25, "trend": 4.842807, "fair_value": 10.286764, "relative_strength": -72.505203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.942447, "energy": 91.010147, "activity_lines": [ 2.452055, 2.890215, 3.388423, 3.919701 ] }, { "date": "2026-08-07", "close": 1.834, "volume": 318837, "typical_volume": 380918.2, "trend": 4.630607, "fair_value": 10.14211, "relative_strength": -73.49137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.146918, "energy": 92.124414, "activity_lines": [ 2.144441, 2.647866, 3.202403, 3.725584 ] } ], "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." } } }