{
  "ticker": {
    "uuid": "7b2ebdc8-1835-4ead-bc2d-78a34d67f6b9",
    "symbol": "SEB-C",
    "name": "Skandinaviska Enskilda Banken 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.52,
    "architecture_energy": 94.397,
    "architecture_maturity": 30.965,
    "architecture_confidence": 78.1,
    "architecture_tenure": "Developing",
    "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": 0.0,
        "rotation_up": 88.12,
        "upward_expansion": 100.0,
        "deceleration": 39.0,
        "rotation_down": 8.02,
        "downward_expansion": 22.0
      },
      "activity_lines": [
        223.3,
        213.8,
        203.488572,
        197.611747
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 228.0,
    "trend_reference": 192.070447,
    "distance_from_trend": 0.187064,
    "trend_direction": "Improving",
    "fair_value": 151.221944,
    "distance_from_fair_value": 0.507718,
    "fair_value_direction": "Improving",
    "relative_strength": 10.103261,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.193146,
    "excess_performance": 0.131652,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.187064,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.048651,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.507718,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.214837,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.101033,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.133975,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.193146,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.430959,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 149207,
      "relative_activity": 1.058214,
      "balance": 4.430959,
      "dry_up": 1.155997,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.032186,
      "annualized_volatility": 0.210053,
      "from_high_reference": -0.012987,
      "from_low_reference": 0.401878
    },
    "levels": {
      "trend_reference": 192.070447,
      "fair_value_reference": 151.221944,
      "structural_low": 165.4561,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 37,
        "median_return": 0.012821,
        "positive_rate": 0.621622,
        "directional_follow_through": 0.621622,
        "median_excess_return": 0.010933,
        "regime_survival": 0.756757,
        "best_return": 0.164286,
        "worst_return": -0.122481,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
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        "worst_return": -0.051296,
        "sufficient": true
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        "horizon": "Extended",
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        "sufficient": true
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        "horizon": "Full cycle",
        "sample_count": 4,
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        "sufficient": false
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-05-08",
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      },
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      },
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        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -1.481232,
        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 157787.35,
        "trend": 187.173374,
        "fair_value": 148.284662,
        "relative_strength": 2.202828,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.230575,
        "energy": 77.617891,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 217.0,
        "volume": 231191,
        "typical_volume": 157222.5,
        "trend": 188.278008,
        "fair_value": 148.969997,
        "relative_strength": 10.937653,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.218007,
        "energy": 91.481663,
        "activity_lines": [
          204.613333,
          199.405455,
          193.531324,
          190.620533
        ]
      },
      {
        "date": "2026-07-24",
        "close": 222.0,
        "volume": 132190,
        "typical_volume": 152631.85,
        "trend": 189.549309,
        "fair_value": 149.696793,
        "relative_strength": 11.382133,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.963487,
        "energy": 96.774105,
        "activity_lines": [
          211.526666,
          204.2,
          196.726226,
          192.796145
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      },
      {
        "date": "2026-07-31",
        "close": 227.0,
        "volume": 139389,
        "typical_volume": 149261.4,
        "trend": 190.808862,
        "fair_value": 150.459823,
        "relative_strength": 12.003113,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 92.055753,
        "energy": 96.805434,
        "activity_lines": [
          218.36,
          209.227273,
          200.179931,
          195.212319
        ]
      },
      {
        "date": "2026-08-07",
        "close": 228.0,
        "volume": 149207,
        "typical_volume": 140998.85,
        "trend": 192.070447,
        "fair_value": 151.221944,
        "relative_strength": 10.103261,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.51967,
        "energy": 94.397475,
        "activity_lines": [
          223.3,
          213.8,
          203.488572,
          197.611747
        ]
      }
    ],
    "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."
    }
  }
}