{
  "ticker": {
    "uuid": "971634ee-b041-41f6-be1f-def05096a5c6",
    "symbol": "CAMBI",
    "name": "Cambi 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": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 55.517,
    "architecture_energy": 31.644,
    "architecture_maturity": 33.044,
    "architecture_confidence": 59.26,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 34.95,
        "rotation_up": 39.0,
        "upward_expansion": 72.04,
        "deceleration": 70.08,
        "rotation_down": 24.93,
        "downward_expansion": 3.37
      },
      "activity_lines": [
        21.56,
        21.518182,
        21.269019,
        20.607192
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 22.0,
    "trend_reference": 19.663721,
    "distance_from_trend": 0.118812,
    "trend_direction": "Improving",
    "fair_value": 16.150468,
    "distance_from_fair_value": 0.36219,
    "fair_value_direction": "Weakening",
    "relative_strength": 4.555575,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.267689,
    "excess_performance": 0.142695,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.118812,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.098121,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.36219,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.02489,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.045556,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.040282,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.267689,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.773899,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 106761,
      "relative_activity": 0.513689,
      "balance": 1.773899,
      "dry_up": 0.288348,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.070105,
      "annualized_volatility": 0.316137,
      "from_high_reference": -0.039301,
      "from_low_reference": 0.487421
    },
    "levels": {
      "trend_reference": 19.663721,
      "fair_value_reference": 16.150468,
      "structural_low": 16.466978,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": 0.039578,
        "positive_rate": 0.692308,
        "directional_follow_through": 0.692308,
        "median_excess_return": 0.00363,
        "regime_survival": 0.538462,
        "best_return": 0.229117,
        "worst_return": -0.145235,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.110275,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.074322,
        "regime_survival": 0.166667,
        "best_return": 0.789976,
        "worst_return": -0.109794,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.087591,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.054783,
        "regime_survival": 0.4,
        "best_return": 0.800698,
        "worst_return": -0.008818,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.336013,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.230719,
        "regime_survival": 0.333333,
        "best_return": 0.953169,
        "worst_return": 0.206948,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-17",
        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-24",
        "end": "2024-08-16",
        "tenure": "Established",
        "return": 0.025641,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-23",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": 0.064516,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-01",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": -0.069841,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-20",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": 0.18705,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": 0.02029,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-04",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.205964,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-30",
        "end": "2025-08-22",
        "tenure": "Established",
        "return": 0.063158,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-29",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.175532,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-14",
        "end": "2025-11-21",
        "tenure": "New",
        "return": -0.020958,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.073846,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-30",
        "end": "2026-04-10",
        "tenure": "Developing",
        "return": 0.097983,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-17",
        "end": "2026-07-17",
        "tenure": "Established",
        "return": 0.113475,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.023256,
        "active": true
      }
    ],
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      {
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      },
      {
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        "volume": 76931,
        "typical_volume": 255452.45,
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        "fair_value": 15.996094,
        "relative_strength": 3.445041,
        "stage": 2,
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        "energy": 22.59505,
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          20.165342
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      },
      {
        "date": "2026-07-24",
        "close": 21.5,
        "volume": 23226,
        "typical_volume": 222429.85,
        "trend": 19.357581,
        "fair_value": 16.041583,
        "relative_strength": 2.318946,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.771446,
        "energy": 20.484119,
        "activity_lines": [
          21.246667,
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      },
      {
        "date": "2026-07-31",
        "close": 21.4,
        "volume": 32794,
        "typical_volume": 216317.3,
        "trend": 19.495721,
        "fair_value": 16.090199,
        "relative_strength": 1.747504,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.38538,
        "energy": 19.755684,
        "activity_lines": [
          21.293333,
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          20.445625
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.0,
        "volume": 106761,
        "typical_volume": 207832.1,
        "trend": 19.663721,
        "fair_value": 16.150468,
        "relative_strength": 4.555575,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 55.517005,
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        "activity_lines": [
          21.56,
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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."
    }
  }
}