{
  "ticker": {
    "uuid": "9b6287fb-fe4f-416a-8f35-2bd2a11555d9",
    "symbol": "TIETO",
    "name": "Tieto Oyj",
    "exchange": "HEL",
    "country": "FI",
    "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": "2026-09-18",
    "benchmark": "^OMXH25",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 83.807,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 30.118,
    "architecture_energy": 20.059,
    "architecture_maturity": 20.487,
    "architecture_confidence": 55.475,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 50.43,
        "rotation_up": 53.96,
        "upward_expansion": 68.48,
        "deceleration": 57.25,
        "rotation_down": 12.69,
        "downward_expansion": 9.48
      },
      "activity_lines": [
        19.089333,
        19.003091,
        18.911572,
        18.955259
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 18.67,
    "trend_reference": 18.89018,
    "distance_from_trend": -0.011656,
    "trend_direction": "Improving",
    "fair_value": 16.748787,
    "distance_from_fair_value": 0.114708,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.412083,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.061275,
    "excess_performance": -0.062301,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.011656,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.011144,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.114708,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.020767,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.074121,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.059989,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.061275,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.680049,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1857221,
      "relative_activity": 2.263873,
      "balance": 0.680049,
      "dry_up": 1.657331,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.045404,
      "annualized_volatility": 0.24367,
      "from_high_reference": -0.12017,
      "from_low_reference": 0.277211
    },
    "levels": {
      "trend_reference": 18.89018,
      "fair_value_reference": 16.748787,
      "structural_low": 15.86,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.016904,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.006441,
        "regime_survival": 0.5,
        "best_return": 0.095116,
        "worst_return": -0.076164,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.00958,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.022181,
        "regime_survival": 0.0,
        "best_return": 0.032289,
        "worst_return": -0.125865,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.095886,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.026995,
        "regime_survival": 0.0,
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        "worst_return": -0.237955,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.065548,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.040142,
        "regime_survival": 0.5,
        "best_return": -0.02476,
        "worst_return": -0.106336,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.052537,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-01-31",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "violet",
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        "end": "2025-02-21",
        "tenure": "New",
        "return": -0.019022,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-03-28",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": -0.009709,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
        "return": 0.011429,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.01946,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
        "return": -0.095673,
        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-09-05",
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        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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        "return": 0.061371,
        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
        "regime": "deceleration",
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      {
        "regime": "deceleration",
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        "active": true
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      },
      {
        "date": "2026-05-29",
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      },
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      },
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      },
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      },
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      },
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        "stage": 3,
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      },
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      },
      {
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      },
      {
        "date": "2026-08-14",
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      },
      {
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        "typical_volume": 798607.75,
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        "fair_value": 16.716179,
        "relative_strength": -2.909468,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 18.845709,
        "energy": 20.481463,
        "activity_lines": [
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      },
      {
        "date": "2026-08-28",
        "close": 19.700001,
        "volume": 1023682,
        "typical_volume": 787825.25,
        "trend": 18.816573,
        "fair_value": 16.72567,
        "relative_strength": -1.6993,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 33.429742,
        "energy": 30.785134,
        "activity_lines": [
          19.22,
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          18.921644
        ]
      },
      {
        "date": "2026-09-04",
        "close": 19.35,
        "volume": 1403124,
        "typical_volume": 801832.9,
        "trend": 18.890774,
        "fair_value": 16.733532,
        "relative_strength": -2.563197,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 42.86148,
        "energy": 33.459817,
        "activity_lines": [
          19.324,
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        ]
      },
      {
        "date": "2026-09-11",
        "close": 19.1,
        "volume": 1154493,
        "typical_volume": 806950.85,
        "trend": 18.89163,
        "fair_value": 16.740611,
        "relative_strength": -5.078593,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 41.642357,
        "energy": 29.783433,
        "activity_lines": [
          19.290667,
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          18.957191,
          18.969558
        ]
      },
      {
        "date": "2026-09-18",
        "close": 18.67,
        "volume": 1857221,
        "typical_volume": 820373.25,
        "trend": 18.89018,
        "fair_value": 16.748787,
        "relative_strength": -7.412083,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 30.118181,
        "energy": 20.059145,
        "activity_lines": [
          19.089333,
          19.003091,
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          18.955259
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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."
    }
  }
}