{
  "ticker": {
    "uuid": "7edb4987-0aaf-4fb9-9010-aee401c7f33a",
    "symbol": "AZT",
    "name": "ArcticZymes Technologies ASA",
    "exchange": "OSL",
    "country": "NO",
    "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": "OSEBX.OL",
    "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": -51.309,
    "architecture_energy": 34.632,
    "architecture_maturity": 12.229,
    "architecture_confidence": 91.582,
    "architecture_tenure": "New",
    "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": 36.29,
        "rotation_up": 18.3,
        "upward_expansion": 4.52,
        "deceleration": 46.8,
        "rotation_down": 48.94,
        "downward_expansion": 75.52
      },
      "activity_lines": [
        19.466667,
        19.58,
        19.949524,
        20.216129
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": -0.5
    },
    "latest_close": 19.65,
    "trend_reference": 20.746667,
    "distance_from_trend": -0.05286,
    "trend_direction": "Weakening",
    "fair_value": 23.147244,
    "distance_from_fair_value": -0.151087,
    "fair_value_direction": "Improving",
    "relative_strength": -23.497728,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.10274,
    "excess_performance": -0.227733,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.05286,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.037129,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.151087,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.040721,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.234977,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.027964,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.10274,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.247135,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 92857,
      "relative_activity": 0.485378,
      "balance": 1.247135,
      "dry_up": 0.539381,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.067332,
      "annualized_volatility": 0.35452,
      "from_high_reference": -0.374204,
      "from_low_reference": 0.073771
    },
    "levels": {
      "trend_reference": 20.746667,
      "fair_value_reference": 23.147244,
      "structural_low": 18.299999,
      "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": 33,
        "median_return": -0.018233,
        "positive_rate": 0.424242,
        "directional_follow_through": 0.575758,
        "median_excess_return": -0.023744,
        "regime_survival": 0.848485,
        "best_return": 0.469231,
        "worst_return": -0.418562,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.10328,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.125301,
        "regime_survival": 0.583333,
        "best_return": 0.136364,
        "worst_return": -0.286667,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.209989,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.833333,
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        "regime_survival": 0.666667,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
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        "regime_survival": 0.333333,
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        "worst_return": -0.525783,
        "sufficient": false
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        "color": "red",
        "start": "2024-04-05",
        "end": "2025-02-07",
        "tenure": "Extended",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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      {
        "regime": "deceleration",
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        "end": "2025-07-04",
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      {
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      {
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-05-01",
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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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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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 208025.65,
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        "fair_value": 23.46968,
        "relative_strength": -24.645039,
        "stage": 4,
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        "modifier": "Early contraction",
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        "energy": 54.526946,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 19.450001,
        "volume": 49390,
        "typical_volume": 203639.75,
        "trend": 20.956667,
        "fair_value": 23.349167,
        "relative_strength": -24.021051,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -55.255152,
        "energy": 51.860868,
        "activity_lines": [
          19.29,
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          20.025476,
          20.381398
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      },
      {
        "date": "2026-07-31",
        "close": 19.65,
        "volume": 73591,
        "typical_volume": 200021.75,
        "trend": 20.905,
        "fair_value": 23.241795,
        "relative_strength": -23.441996,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.419066,
        "energy": 44.425065,
        "activity_lines": [
          19.366667,
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          19.983095,
          20.297097
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.65,
        "volume": 92857,
        "typical_volume": 191308.5,
        "trend": 20.746667,
        "fair_value": 23.147244,
        "relative_strength": -23.497728,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.309095,
        "energy": 34.631604,
        "activity_lines": [
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          19.58,
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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."
    }
  }
}