{
  "ticker": {
    "uuid": "919ae0f0-b00d-4371-8b8e-e451bf756b06",
    "symbol": "BRAG",
    "name": "Bragg Gaming Group 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -48.127,
    "architecture_energy": 32.146,
    "architecture_maturity": 36.638,
    "architecture_confidence": 89.676,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 36.76,
        "rotation_up": 18.34,
        "upward_expansion": 6.27,
        "deceleration": 42.82,
        "rotation_down": 52.96,
        "downward_expansion": 77.27
      },
      "activity_lines": [
        1.684,
        1.716,
        1.748477,
        1.775164
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 1.68,
    "trend_reference": 1.832003,
    "distance_from_trend": -0.082971,
    "trend_direction": "Weakening",
    "fair_value": 3.944187,
    "distance_from_fair_value": -0.574057,
    "fair_value_direction": "Weakening",
    "relative_strength": -31.312004,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.115789,
    "excess_performance": -0.303243,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.082971,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.080629,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.574057,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.095384,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.31312,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.055828,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.115789,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.044787,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 39383,
      "relative_activity": 0.23973,
      "balance": 2.044787,
      "dry_up": 0.672296,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.170128,
      "annualized_volatility": 0.793217,
      "from_high_reference": -0.6,
      "from_low_reference": 0.183099
    },
    "levels": {
      "trend_reference": 1.832003,
      "fair_value_reference": 3.944187,
      "structural_low": 1.42,
      "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": 12,
        "median_return": -0.077875,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.088091,
        "regime_survival": 0.666667,
        "best_return": 0.163399,
        "worst_return": -0.35,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.153846,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.209773,
        "regime_survival": 0.2,
        "best_return": 0.344227,
        "worst_return": -0.373932,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.01808,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.134473,
        "regime_survival": 0.25,
        "best_return": 0.4,
        "worst_return": -0.540598,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.269298,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.373116,
        "regime_survival": 0.666667,
        "best_return": 0.44359,
        "worst_return": -0.584634,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-23",
        "end": "2024-06-14",
        "tenure": "Established",
        "return": 0.046816,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-21",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.121053,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-16",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.008264,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-30",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": -0.256917,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-17",
        "tenure": "New",
        "return": 0.242921,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.100446,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-07",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.230072,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.162791,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-18",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.155496,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-08-08",
        "tenure": "Established",
        "return": -0.123932,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-15",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.010239,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-17",
        "end": "2025-10-24",
        "tenure": "New",
        "return": -0.054945,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-31",
        "end": "2026-04-24",
        "tenure": "Established",
        "return": -0.180672,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-01",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.168317,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 138978.1,
        "trend": 3.81441,
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      },
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      },
      {
        "date": "2026-05-01",
        "close": 2.02,
        "volume": 87480,
        "typical_volume": 160770.05,
        "trend": 2.10667,
        "fair_value": 4.130757,
        "relative_strength": -38.882786,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.130342,
        "energy": 13.525488,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 163125.8,
        "trend": 2.08167,
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        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 11.968689,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
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        "typical_volume": 168367.6,
        "trend": 2.045337,
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        "relative_strength": -50.374199,
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        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 13.145494,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 725442,
        "typical_volume": 193574.9,
        "trend": 2.014337,
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        "relative_strength": -49.359975,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.532078,
        "energy": 21.018072,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 1.73,
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        "typical_volume": 181281.85,
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        "relative_strength": -46.979524,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 170246.2,
        "trend": 1.97767,
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        "relative_strength": -46.710679,
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        "modifier": "Balance after decline",
        "gate": "down",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "volume": 486443,
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        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 30.659716,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 1.75,
        "volume": 37075,
        "typical_volume": 183593.25,
        "trend": 1.91267,
        "fair_value": 4.043642,
        "relative_strength": -36.906889,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -46.721446,
        "energy": 23.347722,
        "activity_lines": [
          1.721333,
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      },
      {
        "date": "2026-07-10",
        "close": 2.01,
        "volume": 214527,
        "typical_volume": 185374.35,
        "trend": 1.904503,
        "fair_value": 4.032167,
        "relative_strength": -26.805201,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.13665,
        "energy": 10.833159,
        "activity_lines": [
          1.826,
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          1.803336,
          1.832132
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      },
      {
        "date": "2026-07-17",
        "close": 1.7,
        "volume": 114229,
        "typical_volume": 184319.55,
        "trend": 1.888503,
        "fair_value": 4.014219,
        "relative_strength": -33.421162,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.191213,
        "energy": 16.347849,
        "activity_lines": [
          1.801333,
          1.754182,
          1.793478,
          1.818938
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.63,
        "volume": 170246,
        "typical_volume": 185556.2,
        "trend": 1.877837,
        "fair_value": 3.99143,
        "relative_strength": -33.271866,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -39.268111,
        "energy": 15.870823,
        "activity_lines": [
          1.748667,
          1.737636,
          1.776859,
          1.802261
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.64,
        "volume": 117923,
        "typical_volume": 185571.0,
        "trend": 1.86217,
        "fair_value": 3.96861,
        "relative_strength": -31.418909,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.586986,
        "energy": 21.363025,
        "activity_lines": [
          1.706,
          1.723091,
          1.761096,
          1.786917
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.68,
        "volume": 39383,
        "typical_volume": 164280.6,
        "trend": 1.832003,
        "fair_value": 3.944187,
        "relative_strength": -31.312004,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.127048,
        "energy": 32.145625,
        "activity_lines": [
          1.684,
          1.716,
          1.748477,
          1.775164
        ]
      }
    ],
    "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."
    }
  }
}