{
  "ticker": {
    "uuid": "7579d125-546e-4556-bbb3-17c55fae127f",
    "symbol": "PDX",
    "name": "Paradox Interactive 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 59.049,
    "architecture_energy": 49.915,
    "architecture_maturity": 7.649,
    "architecture_confidence": 70.63,
    "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": 29.57,
        "rotation_up": 60.11,
        "upward_expansion": 86.04,
        "deceleration": 44.71,
        "rotation_down": 15.23,
        "downward_expansion": 10.37
      },
      "activity_lines": [
        134.153335,
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        128.016046
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 135.600006,
    "trend_reference": 126.65625,
    "distance_from_trend": 0.070614,
    "trend_direction": "Weakening",
    "fair_value": 166.655092,
    "distance_from_fair_value": -0.186343,
    "fair_value_direction": "Improving",
    "relative_strength": -15.983053,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.087658,
    "excess_performance": 0.026164,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.070614,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.06653,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.186343,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.077113,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.159831,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.083168,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.087658,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.5261,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1353966,
      "relative_activity": 2.596681,
      "balance": 0.5261,
      "dry_up": 1.291738,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.063733,
      "annualized_volatility": 0.294644,
      "from_high_reference": -0.260621,
      "from_low_reference": 0.236626
    },
    "levels": {
      "trend_reference": 126.65625,
      "fair_value_reference": 166.655092,
      "structural_low": 109.653171,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "sample_count": 16,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "worst_return": -0.135505,
        "sufficient": true
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        "horizon": "Intermediate",
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      },
      {
        "date": "2026-04-17",
        "close": 130.544067,
        "volume": 591202,
        "typical_volume": 766925.5,
        "trend": 142.63897,
        "fair_value": 178.638122,
        "relative_strength": -29.077916,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.049747,
        "energy": 36.349606,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
        "close": 124.190155,
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        "typical_volume": 771050.0,
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        "fair_value": 177.957837,
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        "energy": 25.076701,
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      },
      {
        "date": "2026-05-01",
        "close": 129.773895,
        "volume": 1331854,
        "typical_volume": 807389.25,
        "trend": 139.930534,
        "fair_value": 177.35787,
        "relative_strength": -25.087123,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 28.05904,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 130.158981,
        "volume": 827324,
        "typical_volume": 831695.6,
        "trend": 138.868339,
        "fair_value": 176.715847,
        "relative_strength": -24.299878,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 23.769422,
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      },
      {
        "date": "2026-05-15",
        "close": 132.199997,
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        "typical_volume": 856119.0,
        "trend": 137.765071,
        "fair_value": 176.087945,
        "relative_strength": -21.28331,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.195914,
        "energy": 20.441901,
        "activity_lines": [
          129.992131,
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 132.100006,
        "volume": 710260,
        "typical_volume": 878640.25,
        "trend": 136.770785,
        "fair_value": 175.477121,
        "relative_strength": -23.201345,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.6362,
        "energy": 22.481347,
        "activity_lines": [
          130.900994,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 126.800003,
        "volume": 565005,
        "typical_volume": 880266.7,
        "trend": 135.683269,
        "fair_value": 174.729557,
        "relative_strength": -25.208569,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.417976,
        "energy": 16.733515,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 129.199997,
        "volume": 155355,
        "typical_volume": 861097.25,
        "trend": 134.358056,
        "fair_value": 174.025727,
        "relative_strength": -22.339964,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.355017,
        "energy": 13.463772,
        "activity_lines": [
          129.603933,
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      },
      {
        "date": "2026-06-12",
        "close": 132.699997,
        "volume": 133305,
        "typical_volume": 842732.85,
        "trend": 133.502505,
        "fair_value": 173.278185,
        "relative_strength": -19.294152,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 4.426716,
        "energy": 12.306502,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 125.699997,
        "volume": 514523,
        "typical_volume": 713376.75,
        "trend": 132.51952,
        "fair_value": 172.492858,
        "relative_strength": -24.210009,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.81818,
        "energy": 10.658795,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 124.900002,
        "volume": 50666,
        "typical_volume": 608849.25,
        "trend": 130.848804,
        "fair_value": 171.685865,
        "relative_strength": -23.156529,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.063465,
        "energy": 14.174858,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 131.5,
        "volume": 48124,
        "typical_volume": 534893.9,
        "trend": 129.927582,
        "fair_value": 171.002685,
        "relative_strength": -20.465385,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.546475,
        "energy": 5.110057,
        "activity_lines": [
          128.586666,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 132.0,
        "volume": 573779,
        "typical_volume": 505482.9,
        "trend": 129.096834,
        "fair_value": 170.236481,
        "relative_strength": -17.613543,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.582574,
        "energy": 11.216611,
        "activity_lines": [
          129.653333,
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      },
      {
        "date": "2026-07-17",
        "close": 130.100006,
        "volume": 491760,
        "typical_volume": 500191.0,
        "trend": 128.266933,
        "fair_value": 169.452191,
        "relative_strength": -17.186459,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.335457,
        "energy": 13.872473,
        "activity_lines": [
          129.900002,
          129.574546,
          128.04978,
          126.705456
        ]
      },
      {
        "date": "2026-07-24",
        "close": 127.5,
        "volume": 278471,
        "typical_volume": 476676.55,
        "trend": 127.398502,
        "fair_value": 168.509489,
        "relative_strength": -19.44503,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.05268,
        "energy": 15.822343,
        "activity_lines": [
          129.453335,
          129.17091,
          128.284134,
          126.655976
        ]
      },
      {
        "date": "2026-07-31",
        "close": 139.899994,
        "volume": 569963,
        "typical_volume": 477597.75,
        "trend": 127.020421,
        "fair_value": 167.599026,
        "relative_strength": -12.250074,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 70.008561,
        "energy": 53.603299,
        "activity_lines": [
          133.019999,
          131.107272,
          129.646546,
          127.462524
        ]
      },
      {
        "date": "2026-08-07",
        "close": 135.600006,
        "volume": 1353966,
        "typical_volume": 521421.7,
        "trend": 126.65625,
        "fair_value": 166.655092,
        "relative_strength": -15.983053,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.048748,
        "energy": 49.915144,
        "activity_lines": [
          134.153335,
          132.120001,
          130.476033,
          128.016046
        ]
      }
    ],
    "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."
    }
  }
}