{
  "ticker": {
    "uuid": "92630565-e6da-4f59-9e82-0407343447cb",
    "symbol": "MVIR",
    "name": "Medivir 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 89.086,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 13.566,
    "architecture_energy": 7.841,
    "architecture_maturity": 15.459,
    "architecture_confidence": 45.654,
    "architecture_tenure": "New",
    "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": 60.96,
        "rotation_up": 33.68,
        "upward_expansion": 47.17,
        "deceleration": 59.33,
        "rotation_down": 14.93,
        "downward_expansion": 25.17
      },
      "activity_lines": [
        1.7724,
        1.749345,
        1.806095,
        1.821856
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 1.82,
    "trend_reference": 1.683133,
    "distance_from_trend": 0.081317,
    "trend_direction": "Improving",
    "fair_value": 2.444313,
    "distance_from_fair_value": -0.255415,
    "fair_value_direction": "Improving",
    "relative_strength": 18.690831,
    "relative_strength_direction": "Improving",
    "price_momentum": 2.25,
    "excess_performance": 2.188506,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.081317,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.34825,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.255415,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.12196,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.186908,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.05902,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 2.25,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.000993,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5511513,
      "relative_activity": 0.476739,
      "balance": 1.000993,
      "dry_up": 0.472351,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.118216,
      "annualized_volatility": 1.348042,
      "from_high_reference": -0.369151,
      "from_low_reference": 4.352941
    },
    "levels": {
      "trend_reference": 1.683133,
      "fair_value_reference": 2.444313,
      "structural_low": 0.558,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": -0.023486,
        "positive_rate": 0.368421,
        "directional_follow_through": 0.368421,
        "median_excess_return": -0.005963,
        "regime_survival": 0.631579,
        "best_return": 0.202381,
        "worst_return": -0.39243,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.041571,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.030018,
        "regime_survival": 0.25,
        "best_return": 0.171642,
        "worst_return": -0.58194,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.124052,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.016805,
        "regime_survival": 0.333333,
        "best_return": 0.184906,
        "worst_return": -0.462254,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.242685,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.337897,
        "regime_survival": 0.5,
        "best_return": -0.053571,
        "worst_return": -0.462915,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-11",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.017544,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": 0.143885,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-10",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": -0.207358,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-21",
        "end": "2025-08-01",
        "tenure": "Established",
        "return": -0.045631,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-08",
        "end": "2025-08-22",
        "tenure": "New",
        "return": -0.014778,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-09-05",
        "tenure": "New",
        "return": -0.019487,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-12",
        "end": "2025-10-03",
        "tenure": "New",
        "return": -0.250787,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-10",
        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.129283,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-24",
        "end": "2026-02-06",
        "tenure": "Established",
        "return": 0.058601,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-13",
        "end": "2026-02-20",
        "tenure": "New",
        "return": 0.185059,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-02-27",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": 0.421446,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-03",
        "end": "2026-05-08",
        "tenure": "Developing",
        "return": -0.257996,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-05-15",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.087262,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 6.061831,
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        "typical_volume": 165731.35,
        "trend": 6.316763,
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        "energy": 13.360849,
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      {
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      },
      {
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      },
      {
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      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 22415153.65,
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        "fair_value": 2.524944,
        "relative_strength": 10.61337,
        "stage": 3,
        "regime": "deceleration",
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        "direction": 0.790635,
        "energy": 8.527154,
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          1.7116,
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          1.784383
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      },
      {
        "date": "2026-07-24",
        "close": 1.718,
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        "typical_volume": 21289558.15,
        "trend": 1.5921,
        "fair_value": 2.498039,
        "relative_strength": 13.87681,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.601636,
        "energy": 8.349861,
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          1.716533,
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          1.828743,
          1.795372
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.82,
        "volume": 5576927,
        "typical_volume": 14590758.85,
        "trend": 1.6374,
        "fair_value": 2.471373,
        "relative_strength": 19.934287,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.073251,
        "energy": 11.571953,
        "activity_lines": [
          1.749067,
          1.737527,
          1.815967,
          1.810075
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.82,
        "volume": 5511513,
        "typical_volume": 11560867.1,
        "trend": 1.683133,
        "fair_value": 2.444313,
        "relative_strength": 18.690831,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.566345,
        "energy": 7.841419,
        "activity_lines": [
          1.7724,
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          1.806095,
          1.821856
        ]
      }
    ],
    "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."
    }
  }
}