{
  "ticker": {
    "uuid": "83bca13e-21dc-44fb-acf9-6266eccb5eb4",
    "symbol": "FMM-B",
    "name": "FM Mattsson 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 68.504,
    "architecture_energy": 52.371,
    "architecture_maturity": 20.564,
    "architecture_confidence": 62.412,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 36.01,
        "rotation_up": 68.42,
        "upward_expansion": 69.38,
        "deceleration": 51.96,
        "rotation_down": 6.36,
        "downward_expansion": 12.71
      },
      "activity_lines": [
        85.346667,
        81.334546,
        80.741081,
        81.181098
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 94.599998,
    "trend_reference": 80.030059,
    "distance_from_trend": 0.182056,
    "trend_direction": "Improving",
    "fair_value": 56.10281,
    "distance_from_fair_value": 0.68619,
    "fair_value_direction": "Improving",
    "relative_strength": 19.924873,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.425022,
    "excess_performance": 0.363528,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.182056,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.07448,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.68619,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.124622,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.199249,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.027327,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.425022,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.758651,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 211915,
      "relative_activity": 3.263592,
      "balance": 1.758651,
      "dry_up": 1.226321,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.06948,
      "annualized_volatility": 0.465238,
      "from_high_reference": -0.03761,
      "from_low_reference": 0.886482
    },
    "levels": {
      "trend_reference": 80.030059,
      "fair_value_reference": 56.10281,
      "structural_low": 64.021081,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 22,
        "median_return": -0.002541,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.007804,
        "regime_survival": 0.5,
        "best_return": 0.096892,
        "worst_return": -0.046414,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "median_return": -0.013937,
        "positive_rate": 0.454545,
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        "worst_return": -0.092308,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
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        "worst_return": -0.292611,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.069415,
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        "end": "2024-11-01",
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      {
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        "label": "Downward Expansion",
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      {
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        "relative_strength": 20.840877,
        "stage": 2,
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        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.048796,
        "energy": 49.495357,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
        "close": 92.584335,
        "volume": 38893,
        "typical_volume": 172359.5,
        "trend": 70.894231,
        "fair_value": 53.558529,
        "relative_strength": 30.44195,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 65.938286,
        "energy": 49.339442,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 83.916862,
        "volume": 137828,
        "typical_volume": 175494.65,
        "trend": 71.890842,
        "fair_value": 53.738849,
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        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-15",
        "close": 82.537956,
        "volume": 44179,
        "typical_volume": 176808.05,
        "trend": 72.841489,
        "fair_value": 53.904505,
        "relative_strength": 16.212042,
        "stage": 2,
        "regime": "upward_expansion",
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        "energy": 24.056078,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 81.199997,
        "volume": 45357,
        "typical_volume": 176520.7,
        "trend": 73.715268,
        "fair_value": 54.06508,
        "relative_strength": 10.126292,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 35.035258,
        "energy": 18.538945,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 78.199997,
        "volume": 103074,
        "typical_volume": 179196.1,
        "trend": 74.482593,
        "fair_value": 54.222731,
        "relative_strength": 6.158638,
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        "modifier": "Recompressing",
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        "direction": 19.960185,
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        "activity_lines": [
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          83.865764,
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      },
      {
        "date": "2026-06-05",
        "close": 72.0,
        "volume": 10208,
        "typical_volume": 125656.75,
        "trend": 74.985168,
        "fair_value": 54.339474,
        "relative_strength": -1.558455,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -6.706994,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 70.800003,
        "volume": 27206,
        "typical_volume": 115730.6,
        "trend": 75.486465,
        "fair_value": 54.467163,
        "relative_strength": -3.041557,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -30.385153,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 102917.5,
        "trend": 76.048915,
        "fair_value": 54.638661,
        "relative_strength": -0.68384,
        "stage": 3,
        "regime": "rotation_down",
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        "gate": "mixed",
        "direction": -21.150062,
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      },
      {
        "date": "2026-06-26",
        "close": 74.400002,
        "volume": 6370,
        "typical_volume": 83935.85,
        "trend": 76.604999,
        "fair_value": 54.802239,
        "relative_strength": 0.600369,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.991714,
        "energy": 49.002851,
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      },
      {
        "date": "2026-07-03",
        "close": 78.0,
        "volume": 8735,
        "typical_volume": 81511.25,
        "trend": 77.261385,
        "fair_value": 54.993554,
        "relative_strength": 2.394678,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -19.469237,
        "energy": 35.120399,
        "activity_lines": [
          74.880001,
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      },
      {
        "date": "2026-07-10",
        "close": 78.199997,
        "volume": 33131,
        "typical_volume": 77782.85,
        "trend": 77.727449,
        "fair_value": 55.190811,
        "relative_strength": 4.760565,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -4.215565,
        "energy": 10.82285,
        "activity_lines": [
          76.333333,
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          80.060607,
          79.76611
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      },
      {
        "date": "2026-07-17",
        "close": 79.0,
        "volume": 23836,
        "typical_volume": 73962.15,
        "trend": 78.187348,
        "fair_value": 55.39669,
        "relative_strength": 6.602717,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -7.83241,
        "energy": 8.556824,
        "activity_lines": [
          77.639999,
          76.438872,
          79.733611,
          79.84821
        ]
      },
      {
        "date": "2026-07-24",
        "close": 77.800003,
        "volume": 17593,
        "typical_volume": 64561.6,
        "trend": 78.712308,
        "fair_value": 55.573909,
        "relative_strength": 3.059135,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -4.205096,
        "energy": 10.008327,
        "activity_lines": [
          78.000001,
          76.614546,
          79.290415,
          79.82322
        ]
      },
      {
        "date": "2026-07-31",
        "close": 84.400002,
        "volume": 65171,
        "typical_volume": 60333.35,
        "trend": 79.240582,
        "fair_value": 55.798096,
        "relative_strength": 9.796095,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.290489,
        "energy": 16.779871,
        "activity_lines": [
          80.306668,
          78.076364,
          79.511486,
          80.190168
        ]
      },
      {
        "date": "2026-08-07",
        "close": 94.599998,
        "volume": 211915,
        "typical_volume": 64933.05,
        "trend": 80.030059,
        "fair_value": 56.10281,
        "relative_strength": 19.924873,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 68.503722,
        "energy": 52.370846,
        "activity_lines": [
          85.346667,
          81.334546,
          80.741081,
          81.181098
        ]
      }
    ],
    "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."
    }
  }
}