{
  "ticker": {
    "uuid": "9ab24db1-e883-4c0f-9d16-8dc640a6eb22",
    "symbol": "TRUE-B",
    "name": "Truecaller 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 89.299,
    "architecture_energy": 92.88,
    "architecture_maturity": 22.0,
    "architecture_confidence": 59.084,
    "architecture_tenure": "New",
    "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": 19.26,
        "rotation_up": 87.41,
        "upward_expansion": 99.25,
        "deceleration": 39.01,
        "rotation_down": 8.34,
        "downward_expansion": 21.25
      },
      "activity_lines": [
        17.53,
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        14.563869,
        13.764153
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 19.405001,
    "trend_reference": 13.307592,
    "distance_from_trend": 0.45819,
    "trend_direction": "Weakening",
    "fair_value": 35.512733,
    "distance_from_fair_value": -0.453576,
    "fair_value_direction": "Improving",
    "relative_strength": -21.339476,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.387438,
    "excess_performance": 0.325943,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.45819,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.146714,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.453576,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.187655,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.213395,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.43545,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.387438,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.997928,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8797182,
      "relative_activity": 0.902453,
      "balance": 1.997928,
      "dry_up": 1.239136,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.093558,
      "annualized_volatility": 0.658647,
      "from_high_reference": -0.590987,
      "from_low_reference": 1.137282
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    "levels": {
      "trend_reference": 13.307592,
      "fair_value_reference": 35.512733,
      "structural_low": 9.079287,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 10,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.03732,
        "regime_survival": 0.7,
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        "worst_return": -0.35808,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.136696,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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      },
      {
        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-04-17",
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      },
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        "date": "2026-05-29",
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      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "stage": 1,
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 10100141.4,
        "trend": 13.353333,
        "fair_value": 35.862872,
        "relative_strength": -38.371247,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 47.339728,
        "energy": 63.609841,
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          14.762,
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          12.900186
        ]
      },
      {
        "date": "2026-07-24",
        "close": 16.184999,
        "volume": 11861956,
        "typical_volume": 9847601.85,
        "trend": 13.269917,
        "fair_value": 35.720305,
        "relative_strength": -36.170832,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 47.194087,
        "energy": 69.848101,
        "activity_lines": [
          15.434666,
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      },
      {
        "date": "2026-07-31",
        "close": 17.68,
        "volume": 14671169,
        "typical_volume": 9990949.05,
        "trend": 13.255271,
        "fair_value": 35.600163,
        "relative_strength": -29.037049,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 81.751246,
        "energy": 84.531094,
        "activity_lines": [
          16.362,
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          13.947011,
          13.367396
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.405001,
        "volume": 8797182,
        "typical_volume": 9748074.95,
        "trend": 13.307592,
        "fair_value": 35.512733,
        "relative_strength": -21.339476,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.299361,
        "energy": 92.880179,
        "activity_lines": [
          17.53,
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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."
    }
  }
}