{
  "ticker": {
    "uuid": "78a81947-7375-4c40-b568-91bccf39274b",
    "symbol": "STORY-B",
    "name": "Storytel 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "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": 47.851,
    "architecture_energy": 27.275,
    "architecture_maturity": 26.104,
    "architecture_confidence": 58.278,
    "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": 40.39,
        "rotation_up": 44.46,
        "upward_expansion": 60.82,
        "deceleration": 59.32,
        "rotation_down": 22.58,
        "downward_expansion": 17.82
      },
      "activity_lines": [
        97.706668,
        96.104546,
        96.644758,
        93.993631
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": 0.0
    },
    "latest_close": 102.400002,
    "trend_reference": 90.332933,
    "distance_from_trend": 0.133584,
    "trend_direction": "Improving",
    "fair_value": 68.38615,
    "distance_from_fair_value": 0.497379,
    "fair_value_direction": "Improving",
    "relative_strength": 6.772494,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.228578,
    "excess_performance": 0.167084,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.133584,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.072066,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.497379,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.004833,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.067725,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.058797,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.228578,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.146355,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 825611,
      "relative_activity": 0.795589,
      "balance": 1.146355,
      "dry_up": 1.571303,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.074632,
      "annualized_volatility": 0.435522,
      "from_high_reference": -0.06484,
      "from_low_reference": 0.54852
    },
    "levels": {
      "trend_reference": 90.332933,
      "fair_value_reference": 68.38615,
      "structural_low": 71.982711,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.013921,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.001014,
        "regime_survival": 0.5,
        "best_return": 0.109474,
        "worst_return": -0.061619,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.041147,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.070471,
        "regime_survival": 0.0,
        "best_return": 0.019011,
        "worst_return": -0.101305,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.000215,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.061855,
        "regime_survival": 0.0,
        "best_return": 0.157795,
        "worst_return": -0.158225,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.355064,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.301717,
        "regime_survival": 0.0,
        "best_return": 0.71673,
        "worst_return": -0.006602,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-05",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.138783,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-06-28",
        "tenure": "Developing",
        "return": -0.039267,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-09-06",
        "tenure": "Developing",
        "return": -0.123881,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-10-04",
        "tenure": "New",
        "return": 0.223875,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-10-18",
        "tenure": "New",
        "return": -0.012376,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-05-09",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.036554,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-07-25",
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        "return": -0.012933,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-15",
        "tenure": "New",
        "return": 0.011163,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-22",
        "end": "2025-08-29",
        "tenure": "New",
        "return": -0.107588,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-05",
        "end": "2025-12-26",
        "tenure": "Established",
        "return": 0.021357,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-02",
        "end": "2026-04-10",
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        "return": 0.141818,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
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        "return": 0.077895,
        "active": true
      }
    ],
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 1133365.35,
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        "fair_value": 66.428502,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 66.819988,
        "relative_strength": -0.966888,
        "stage": 2,
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        "energy": 23.061688,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 88.800003,
        "volume": 530086,
        "typical_volume": 1058247.75,
        "trend": 88.576842,
        "fair_value": 67.181826,
        "relative_strength": -3.177699,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.039419,
        "energy": 16.134536,
        "activity_lines": [
          91.87,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 87.400002,
        "volume": 1123226,
        "typical_volume": 1062612.4,
        "trend": 88.82342,
        "fair_value": 67.51263,
        "relative_strength": -5.731792,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.522923,
        "energy": 18.788678,
        "activity_lines": [
          90.026667,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 105.400002,
        "volume": 4043463,
        "typical_volume": 1220258.85,
        "trend": 89.630637,
        "fair_value": 67.948723,
        "relative_strength": 12.0706,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.55599,
        "energy": 18.731186,
        "activity_lines": [
          94.826668,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 102.400002,
        "volume": 825611,
        "typical_volume": 1037735.1,
        "trend": 90.332933,
        "fair_value": 68.38615,
        "relative_strength": 6.772494,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.851365,
        "energy": 27.274763,
        "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."
    }
  }
}