{
  "ticker": {
    "uuid": "95f61744-4700-435a-8bca-28c411a1de75",
    "symbol": "FG",
    "name": "Fasadgruppen Group 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": 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -27.41,
    "architecture_energy": 16.805,
    "architecture_maturity": 33.141,
    "architecture_confidence": 55.864,
    "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": 51.21,
        "rotation_up": 32.8,
        "upward_expansion": 23.22,
        "deceleration": 43.87,
        "rotation_down": 25.71,
        "downward_expansion": 50.55
      },
      "activity_lines": [
        20.445333,
        20.077636,
        20.275476,
        20.510769
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 20.299999,
    "trend_reference": 21.450906,
    "distance_from_trend": -0.053653,
    "trend_direction": "Weakening",
    "fair_value": 40.129822,
    "distance_from_fair_value": -0.494142,
    "fair_value_direction": "Improving",
    "relative_strength": -30.204656,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.125,
    "excess_performance": -0.186494,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.053653,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.107226,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.494142,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.031562,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.302047,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.004888,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.125,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.23598,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 199938,
      "relative_activity": 0.495456,
      "balance": 2.23598,
      "dry_up": 0.606642,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.084199,
      "annualized_volatility": 0.344597,
      "from_high_reference": -0.482143,
      "from_low_reference": 0.127778
    },
    "levels": {
      "trend_reference": 21.450906,
      "fair_value_reference": 40.129822,
      "structural_low": 18.0,
      "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": 8,
        "median_return": -0.141665,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.164591,
        "regime_survival": 0.5,
        "best_return": 0.152505,
        "worst_return": -0.500623,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.318235,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.354599,
        "regime_survival": 0.0,
        "best_return": 0.111111,
        "worst_return": -0.588261,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.289223,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.277008,
        "regime_survival": 0.25,
        "best_return": -0.006171,
        "worst_return": -0.375658,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.443701,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.459737,
        "regime_survival": 0.0,
        "best_return": -0.390629,
        "worst_return": -0.496773,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-07",
        "end": "2024-06-21",
        "tenure": "New",
        "return": -0.040057,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-28",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.13871,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-23",
        "end": "2024-12-20",
        "tenure": "Established",
        "return": -0.087289,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.127174,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-06-06",
        "tenure": "Established",
        "return": -0.332172,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.12,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-08",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.230228,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.039039,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-17",
        "end": "2025-11-07",
        "tenure": "New",
        "return": -0.190083,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-14",
        "end": "2025-12-05",
        "tenure": "New",
        "return": -0.020446,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-12",
        "end": "2026-01-02",
        "tenure": "New",
        "return": 0.177143,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-02-06",
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        "return": -0.236842,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "end": "2026-07-31",
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        "return": -0.096154,
        "active": false
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      {
        "regime": "balance",
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        "color": "blue",
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        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-05-22",
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      },
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        "date": "2026-07-03",
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        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "volume": 257662,
        "typical_volume": 436612.55,
        "trend": 22.442573,
        "fair_value": 41.22827,
        "relative_strength": -29.202834,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.810977,
        "energy": 45.382543,
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          19.463334,
          19.806364,
          20.187701,
          20.800622
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      },
      {
        "date": "2026-07-24",
        "close": 20.4,
        "volume": 225759,
        "typical_volume": 428023.6,
        "trend": 22.112573,
        "fair_value": 40.842261,
        "relative_strength": -28.881355,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.021302,
        "energy": 29.620423,
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          19.782667,
          19.851637,
          20.201619,
          20.668843
        ]
      },
      {
        "date": "2026-07-31",
        "close": 21.15,
        "volume": 295867,
        "typical_volume": 416347.6,
        "trend": 21.787573,
        "fair_value": 40.481606,
        "relative_strength": -26.58896,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -24.430415,
        "energy": 12.026684,
        "activity_lines": [
          20.348667,
          20.043273,
          20.283048,
          20.606741
        ]
      },
      {
        "date": "2026-08-07",
        "close": 20.299999,
        "volume": 199938,
        "typical_volume": 403543.45,
        "trend": 21.450906,
        "fair_value": 40.129822,
        "relative_strength": -30.204656,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.410466,
        "energy": 16.804588,
        "activity_lines": [
          20.445333,
          20.077636,
          20.275476,
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        ]
      }
    ],
    "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."
    }
  }
}