{
  "ticker": {
    "uuid": "78bda163-467e-4c5f-a748-f151a6a8ab29",
    "symbol": "SDOS",
    "name": "ScandiDos 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -44.695,
    "architecture_energy": 33.539,
    "architecture_maturity": 48.978,
    "architecture_confidence": 56.273,
    "architecture_tenure": "Developing",
    "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": 27.03,
        "rotation_up": 25.31,
        "upward_expansion": 16.2,
        "deceleration": 64.94,
        "rotation_down": 37.46,
        "downward_expansion": 63.87
      },
      "activity_lines": [
        0.862333,
        0.856455,
        0.893562,
        0.91637
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 0.89,
    "trend_reference": 0.9517,
    "distance_from_trend": -0.064831,
    "trend_direction": "Weakening",
    "fair_value": 1.48741,
    "distance_from_fair_value": -0.401645,
    "fair_value_direction": "Improving",
    "relative_strength": -24.381788,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.131707,
    "excess_performance": -0.193202,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.064831,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.07903,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.401645,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.000953,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.243818,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.006356,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.131707,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.430876,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 259533,
      "relative_activity": 2.037847,
      "balance": 2.430876,
      "dry_up": 0.963443,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.064391,
      "annualized_volatility": 0.334736,
      "from_high_reference": -0.364286,
      "from_low_reference": 0.126582
    },
    "levels": {
      "trend_reference": 0.9517,
      "fair_value_reference": 1.48741,
      "structural_low": 0.79,
      "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": 43,
        "median_return": -0.002695,
        "positive_rate": 0.488372,
        "directional_follow_through": 0.511628,
        "median_excess_return": -0.003247,
        "regime_survival": 0.813953,
        "best_return": 0.20362,
        "worst_return": -0.224924,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
        "median_return": -0.050926,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.070028,
        "regime_survival": 0.666667,
        "best_return": 0.314159,
        "worst_return": -0.173913,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 9,
        "median_return": -0.14527,
        "positive_rate": 0.111111,
        "directional_follow_through": 0.888889,
        "median_excess_return": -0.131337,
        "regime_survival": 0.666667,
        "best_return": 0.017021,
        "worst_return": -0.283854,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.267142,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.363654,
        "regime_survival": 0.5,
        "best_return": 0.131915,
        "worst_return": -0.388021,
        "sufficient": false
      }
    ],
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        "regime": "rotation_down",
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        "color": "orange",
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        "end": "2023-10-20",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "regime": "rotation_up",
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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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      },
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 1.528083,
        "relative_strength": -28.546642,
        "stage": 4,
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-17",
        "close": 0.86,
        "volume": 117790,
        "typical_volume": 124531.1,
        "trend": 0.981867,
        "fair_value": 1.517506,
        "relative_strength": -26.036645,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.063837,
        "energy": 68.633136,
        "activity_lines": [
          0.849333,
          0.871,
          0.913233,
          0.93772
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      },
      {
        "date": "2026-07-24",
        "close": 0.865,
        "volume": 44065,
        "typical_volume": 125909.35,
        "trend": 0.972367,
        "fair_value": 1.507474,
        "relative_strength": -25.853632,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.70898,
        "energy": 48.258709,
        "activity_lines": [
          0.855667,
          0.864091,
          0.906438,
          0.930181
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.83,
        "volume": 69415,
        "typical_volume": 124921.85,
        "trend": 0.9617,
        "fair_value": 1.497538,
        "relative_strength": -28.894968,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.873314,
        "energy": 48.541212,
        "activity_lines": [
          0.848667,
          0.853182,
          0.896857,
          0.920996
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.89,
        "volume": 259533,
        "typical_volume": 127356.5,
        "trend": 0.9517,
        "fair_value": 1.48741,
        "relative_strength": -24.381788,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.695085,
        "energy": 33.538654,
        "activity_lines": [
          0.862333,
          0.856455,
          0.893562,
          0.91637
        ]
      }
    ],
    "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."
    }
  }
}