{
  "ticker": {
    "uuid": "92e007db-70fd-41fc-b149-4a28175d14bf",
    "symbol": "AKVA",
    "name": "AKVA group 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 90.43,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 63.256,
    "architecture_energy": 39.708,
    "architecture_maturity": 33.933,
    "architecture_confidence": 82.619,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 24.54,
        "rotation_up": 48.51,
        "upward_expansion": 77.9,
        "deceleration": 59.86,
        "rotation_down": 25.3,
        "downward_expansion": 4.57
      },
      "activity_lines": [
        129.233333,
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        123.108724
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 132.0,
    "trend_reference": 115.026312,
    "distance_from_trend": 0.147564,
    "trend_direction": "Improving",
    "fair_value": 78.047717,
    "distance_from_fair_value": 0.691273,
    "fair_value_direction": "Weakening",
    "relative_strength": 13.517553,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.431085,
    "excess_performance": 0.306091,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.147564,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.124887,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.691273,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.19627,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.135176,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.153679,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.431085,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.831796,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 18819,
      "relative_activity": 0.898994,
      "balance": 0.831796,
      "dry_up": 0.873855,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.055361,
      "annualized_volatility": 0.288962,
      "from_high_reference": -0.057143,
      "from_low_reference": 0.663636
    },
    "levels": {
      "trend_reference": 115.026312,
      "fair_value_reference": 78.047717,
      "structural_low": 89.262299,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 17,
        "median_return": -0.027692,
        "positive_rate": 0.470588,
        "directional_follow_through": 0.470588,
        "median_excess_return": -0.02717,
        "regime_survival": 0.705882,
        "best_return": 0.202344,
        "worst_return": -0.162667,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "sufficient": true
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      {
        "horizon": "Extended",
        "sample_count": 4,
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        "worst_return": -0.076219,
        "sufficient": false
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        "horizon": "Full cycle",
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        "worst_return": -0.015244,
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        "regime": "balance",
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      },
      {
        "date": "2026-05-01",
        "close": 135.0,
        "volume": 29719,
        "typical_volume": 42408.25,
        "trend": 97.233556,
        "fair_value": 72.106089,
        "relative_strength": 25.015558,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 92.132636,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "volume": 49221,
        "typical_volume": 43606.5,
        "trend": 98.706008,
        "fair_value": 72.581109,
        "relative_strength": 28.88546,
        "stage": 2,
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      },
      {
        "date": "2026-05-15",
        "close": 134.5,
        "volume": 33938,
        "typical_volume": 44545.05,
        "trend": 100.082042,
        "fair_value": 73.037629,
        "relative_strength": 22.555359,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 16490,
        "typical_volume": 43510.15,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 28472,
        "typical_volume": 44326.65,
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        "relative_strength": 10.004235,
        "stage": 2,
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        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 488,
        "typical_volume": 43564.95,
        "trend": 103.134181,
        "fair_value": 74.194294,
        "relative_strength": 5.706099,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 372,
        "typical_volume": 43091.55,
        "trend": 104.095274,
        "fair_value": 74.556681,
        "relative_strength": 6.333475,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 12538,
        "typical_volume": 40305.5,
        "trend": 106.86511,
        "fair_value": 75.441381,
        "relative_strength": 27.009767,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.948267,
        "energy": 33.801005,
        "activity_lines": [
          126.6,
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          116.057929
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      },
      {
        "date": "2026-07-03",
        "close": 128.0,
        "volume": 730,
        "typical_volume": 38623.6,
        "trend": 108.176203,
        "fair_value": 75.847577,
        "relative_strength": 16.709528,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 36.182514,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 5227,
        "typical_volume": 35906.7,
        "trend": 109.430684,
        "fair_value": 76.256526,
        "relative_strength": 15.66563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.333356,
        "energy": 41.702327,
        "activity_lines": [
          128.366667,
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      },
      {
        "date": "2026-07-17",
        "close": 126.0,
        "volume": 8874,
        "typical_volume": 27593.2,
        "trend": 110.589154,
        "fair_value": 76.696899,
        "relative_strength": 13.435776,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.611491,
        "energy": 40.72492,
        "activity_lines": [
          127.966667,
          126.327273,
          125.500625,
          119.672639
        ]
      },
      {
        "date": "2026-07-24",
        "close": 128.0,
        "volume": 19172,
        "typical_volume": 24837.35,
        "trend": 111.88041,
        "fair_value": 77.134014,
        "relative_strength": 12.005078,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.815837,
        "energy": 34.5618,
        "activity_lines": [
          127.666667,
          126.672727,
          126.137568,
          120.79592
        ]
      },
      {
        "date": "2026-07-31",
        "close": 129.0,
        "volume": 26306,
        "typical_volume": 23787.4,
        "trend": 113.271121,
        "fair_value": 77.592382,
        "relative_strength": 11.856197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.090666,
        "energy": 33.878745,
        "activity_lines": [
          127.733333,
          127.318182,
          126.734875,
          121.900409
        ]
      },
      {
        "date": "2026-08-07",
        "close": 132.0,
        "volume": 18819,
        "typical_volume": 20933.4,
        "trend": 115.026312,
        "fair_value": 78.047717,
        "relative_strength": 13.517553,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.256352,
        "energy": 39.708375,
        "activity_lines": [
          129.233333,
          128.463636,
          127.485344,
          123.108724
        ]
      }
    ],
    "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."
    }
  }
}