{
  "ticker": {
    "uuid": "7c8214ba-1914-41e2-b65e-4013f627130b",
    "symbol": "DVYSR",
    "name": "Devyser Diagnostics 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": -64.767,
    "architecture_energy": 73.51,
    "architecture_maturity": 30.799,
    "architecture_confidence": 89.326,
    "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": 13.26,
        "rotation_up": 12.35,
        "upward_expansion": 16.65,
        "deceleration": 39.77,
        "rotation_down": 70.57,
        "downward_expansion": 89.99
      },
      "activity_lines": [
        64.42,
        67.899999,
        76.545238,
        79.872688
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 65.5,
    "trend_reference": 85.62,
    "distance_from_trend": -0.234992,
    "trend_direction": "Weakening",
    "fair_value": 104.114103,
    "distance_from_fair_value": -0.370883,
    "fair_value_direction": "Weakening",
    "relative_strength": -44.992714,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.395756,
    "excess_performance": -0.457251,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.234992,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.131848,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.370883,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.303484,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.449927,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.2013,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.395756,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.533094,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 48969,
      "relative_activity": 0.298902,
      "balance": 0.533094,
      "dry_up": 0.517634,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.127892,
      "annualized_volatility": 0.579133,
      "from_high_reference": -0.589599,
      "from_low_reference": 0.133218
    },
    "levels": {
      "trend_reference": 85.62,
      "fair_value_reference": 104.114103,
      "structural_low": 57.799999,
      "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": 15,
        "median_return": 0.046566,
        "positive_rate": 0.533333,
        "directional_follow_through": 0.466667,
        "median_excess_return": 0.002181,
        "regime_survival": 0.8,
        "best_return": 0.210526,
        "worst_return": -0.192872,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.013624,
        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": 0.018764,
        "regime_survival": 0.4,
        "best_return": 0.212366,
        "worst_return": -0.33304,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.228883,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.085817,
        "regime_survival": 0.0,
        "best_return": 0.427273,
        "worst_return": -0.253076,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.126567,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.011825,
        "regime_survival": 0.5,
        "best_return": 0.553133,
        "worst_return": -0.3,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-24",
        "end": "2024-06-07",
        "tenure": "New",
        "return": 0.073171,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-08-09",
        "tenure": "Developing",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "return": 0.050691,
        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-03-14",
        "tenure": "Established",
        "return": -0.137097,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-06-13",
        "tenure": "Established",
        "return": 0.036364,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.09009,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      {
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      },
      {
        "date": "2026-05-01",
        "close": 94.0,
        "volume": 391312,
        "typical_volume": 146975.8,
        "trend": 103.966667,
        "fair_value": 104.026923,
        "relative_strength": -27.436149,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.394222,
        "energy": 25.975383,
        "activity_lines": [
          87.666667,
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        ]
      },
      {
        "date": "2026-05-08",
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        "volume": 98555,
        "typical_volume": 150074.35,
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        "fair_value": 104.117308,
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        "energy": 26.765285,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 151843.55,
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        "fair_value": 104.175641,
        "relative_strength": -29.190148,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -24.383093,
        "energy": 26.748903,
        "activity_lines": [
          92.32,
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        ]
      },
      {
        "date": "2026-05-22",
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        "typical_volume": 155063.7,
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        "fair_value": 104.26859,
        "relative_strength": -26.3144,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -0.970182,
        "energy": 18.421469,
        "activity_lines": [
          94.06,
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      },
      {
        "date": "2026-05-29",
        "close": 93.0,
        "volume": 130308,
        "typical_volume": 159619.75,
        "trend": 98.623334,
        "fair_value": 104.366026,
        "relative_strength": -28.39111,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 16.777895,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 92.199997,
        "volume": 11161,
        "typical_volume": 156680.15,
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        "fair_value": 104.457051,
        "relative_strength": -27.982123,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 10899,
        "typical_volume": 152898.35,
        "trend": 97.3,
        "fair_value": 104.541026,
        "relative_strength": -29.290639,
        "stage": 4,
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        "gate": "down",
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        "energy": 12.755531,
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      },
      {
        "date": "2026-06-19",
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        "stage": 4,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 145585.9,
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        "fair_value": 104.642949,
        "relative_strength": -32.591141,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.085638,
        "energy": 26.714376,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-03",
        "close": 60.700001,
        "volume": 585731,
        "typical_volume": 165134.75,
        "trend": 94.026667,
        "fair_value": 104.54359,
        "relative_strength": -52.492945,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.596084,
        "energy": 73.959007,
        "activity_lines": [
          78.346666,
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      },
      {
        "date": "2026-07-10",
        "close": 61.799999,
        "volume": 333895,
        "typical_volume": 173968.3,
        "trend": 92.086667,
        "fair_value": 104.447436,
        "relative_strength": -49.803947,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.325909,
        "energy": 84.382709,
        "activity_lines": [
          71.326666,
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          83.522381,
          86.417419
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      },
      {
        "date": "2026-07-17",
        "close": 63.0,
        "volume": 57115,
        "typical_volume": 166539.6,
        "trend": 90.393333,
        "fair_value": 104.365385,
        "relative_strength": -47.482127,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.546861,
        "energy": 87.467184,
        "activity_lines": [
          66.733333,
          75.74909,
          81.48619,
          84.54086
        ]
      },
      {
        "date": "2026-07-24",
        "close": 62.200001,
        "volume": 148085,
        "typical_volume": 169765.95,
        "trend": 88.673333,
        "fair_value": 104.262821,
        "relative_strength": -48.002954,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.064243,
        "energy": 88.976962,
        "activity_lines": [
          63.653334,
          72.176363,
          79.503333,
          82.721935
        ]
      },
      {
        "date": "2026-07-31",
        "close": 66.099998,
        "volume": 85046,
        "typical_volume": 167316.3,
        "trend": 87.09,
        "fair_value": 104.186538,
        "relative_strength": -44.471917,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.158316,
        "energy": 84.353262,
        "activity_lines": [
          63.506666,
          69.816363,
          78.019047,
          81.265591
        ]
      },
      {
        "date": "2026-08-07",
        "close": 65.5,
        "volume": 48969,
        "typical_volume": 163829.55,
        "trend": 85.62,
        "fair_value": 104.114103,
        "relative_strength": -44.992714,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.766895,
        "energy": 73.510115,
        "activity_lines": [
          64.42,
          67.899999,
          76.545238,
          79.872688
        ]
      }
    ],
    "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."
    }
  }
}