{
  "ticker": {
    "uuid": "90d28963-bfa0-47e6-9c71-a116bdb29dc0",
    "symbol": "GDEV",
    "name": "GDEV Inc.",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "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": -41.968,
    "architecture_energy": 26.357,
    "architecture_maturity": 38.003,
    "architecture_confidence": 61.001,
    "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": 31.89,
        "rotation_up": 23.76,
        "upward_expansion": 14.38,
        "deceleration": 59.95,
        "rotation_down": 38.47,
        "downward_expansion": 64.38
      },
      "activity_lines": [
        12.656667,
        12.474736,
        13.336817,
        13.895869
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 13.48,
    "trend_reference": 14.762393,
    "distance_from_trend": -0.086869,
    "trend_direction": "Weakening",
    "fair_value": 18.632182,
    "distance_from_fair_value": -0.276521,
    "fair_value_direction": "Weakening",
    "relative_strength": -30.714494,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.156446,
    "excess_performance": -0.343899,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.086869,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.104847,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.276521,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.090858,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.307145,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.154629,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.156446,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.671792,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 156759,
      "relative_activity": 6.305532,
      "balance": 2.671792,
      "dry_up": 2.26069,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.148253,
      "annualized_volatility": 0.531524,
      "from_high_reference": -0.680569,
      "from_low_reference": 0.203571
    },
    "levels": {
      "trend_reference": 14.762393,
      "fair_value_reference": 18.632182,
      "structural_low": 11.2,
      "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": 23,
        "median_return": 0.0,
        "positive_rate": 0.478261,
        "directional_follow_through": 0.478261,
        "median_excess_return": -0.024023,
        "regime_survival": 0.782609,
        "best_return": 0.488772,
        "worst_return": -0.278007,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "positive_rate": 0.625,
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        "regime_survival": 0.5,
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        "worst_return": -0.393999,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.027277,
        "positive_rate": 0.25,
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        "median_excess_return": -0.11957,
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        "best_return": 0.217391,
        "worst_return": -0.300912,
        "sufficient": false
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.642571,
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        "relative_strength": -16.425066,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.872984,
        "energy": 13.065571,
        "activity_lines": [
          15.774,
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          16.328902
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      },
      {
        "date": "2026-05-01",
        "close": 16.46,
        "volume": 10927,
        "typical_volume": 11985.6,
        "trend": 17.74231,
        "fair_value": 22.386488,
        "relative_strength": -18.537568,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -20.513231,
        "energy": 13.719694,
        "activity_lines": [
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          15.65802,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 12105.05,
        "trend": 17.28281,
        "fair_value": 22.079292,
        "relative_strength": -15.251568,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 6.247604,
        "energy": 18.071951,
        "activity_lines": [
          16.873333,
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      },
      {
        "date": "2026-05-15",
        "close": 16.09,
        "volume": 25284,
        "typical_volume": 13202.95,
        "trend": 17.076977,
        "fair_value": 21.79145,
        "relative_strength": -23.551918,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.398724,
        "energy": 14.267355,
        "activity_lines": [
          16.792333,
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      },
      {
        "date": "2026-05-22",
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        "volume": 10117,
        "typical_volume": 13060.25,
        "trend": 16.772477,
        "fair_value": 21.52938,
        "relative_strength": -27.609874,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.009645,
        "energy": 10.807604,
        "activity_lines": [
          16.3,
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          16.031951
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      },
      {
        "date": "2026-05-29",
        "close": 14.41,
        "volume": 10352,
        "typical_volume": 13426.9,
        "trend": 16.491477,
        "fair_value": 21.236581,
        "relative_strength": -33.422619,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.579195,
        "energy": 16.247962,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 12.39,
        "volume": 26795,
        "typical_volume": 14621.0,
        "trend": 16.19019,
        "fair_value": 20.936116,
        "relative_strength": -39.142288,
        "stage": 4,
        "regime": "balance",
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        "gate": "down",
        "direction": -64.422691,
        "energy": 40.4582,
        "activity_lines": [
          14.382667,
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      },
      {
        "date": "2026-06-12",
        "close": 12.7,
        "volume": 15784,
        "typical_volume": 13499.45,
        "trend": 15.926903,
        "fair_value": 20.651904,
        "relative_strength": -38.253122,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -62.221571,
        "energy": 56.063649,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 12566.55,
        "trend": 15.661903,
        "fair_value": 20.367099,
        "relative_strength": -39.172695,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
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        "energy": 63.070275,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 12.0,
        "volume": 11599,
        "typical_volume": 12378.5,
        "trend": 15.488237,
        "fair_value": 20.109573,
        "relative_strength": -39.260189,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.944816,
        "energy": 68.26578,
        "activity_lines": [
          12.536667,
          13.7,
          14.508714,
          14.944663
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      },
      {
        "date": "2026-07-03",
        "close": 12.1401,
        "volume": 3678,
        "typical_volume": 12433.4,
        "trend": 15.333573,
        "fair_value": 19.876715,
        "relative_strength": -38.594591,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.825809,
        "energy": 64.25085,
        "activity_lines": [
          12.304033,
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          14.250843,
          14.728655
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      },
      {
        "date": "2026-07-10",
        "close": 12.29,
        "volume": 42028,
        "typical_volume": 14406.55,
        "trend": 15.188573,
        "fair_value": 19.647825,
        "relative_strength": -38.468558,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.872054,
        "energy": 48.787639,
        "activity_lines": [
          12.272693,
          12.889653,
          14.02039,
          14.532295
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      },
      {
        "date": "2026-07-17",
        "close": 11.76,
        "volume": 4937,
        "typical_volume": 14325.1,
        "trend": 15.012573,
        "fair_value": 19.410423,
        "relative_strength": -38.069701,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.977608,
        "energy": 50.483915,
        "activity_lines": [
          12.071353,
          12.518378,
          13.75708,
          14.311097
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.6,
        "volume": 57333,
        "typical_volume": 17139.4,
        "trend": 14.900393,
        "fair_value": 19.147761,
        "relative_strength": -32.171114,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.695807,
        "energy": 38.467896,
        "activity_lines": [
          12.21268,
          12.412922,
          13.589389,
          14.155447
        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.21,
        "volume": 5779,
        "typical_volume": 17225.7,
        "trend": 14.81306,
        "fair_value": 18.900563,
        "relative_strength": -34.241007,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.71852,
        "energy": 35.807745,
        "activity_lines": [
          12.230007,
          12.300011,
          13.396698,
          13.981873
        ]
      },
      {
        "date": "2026-08-07",
        "close": 13.48,
        "volume": 156759,
        "typical_volume": 24860.55,
        "trend": 14.762393,
        "fair_value": 18.632182,
        "relative_strength": -30.714494,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.967689,
        "energy": 26.357403,
        "activity_lines": [
          12.656667,
          12.474736,
          13.336817,
          13.895869
        ]
      }
    ],
    "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."
    }
  }
}