{
  "ticker": {
    "uuid": "9c2e26f2-4972-4a62-8ee8-aafa84f06beb",
    "symbol": "VIVA",
    "name": "Viva Wine Group AB",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 87.699,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 69.819,
    "architecture_energy": 88.96,
    "architecture_maturity": 17.024,
    "architecture_confidence": 73.746,
    "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": 14.77,
        "rotation_up": 84.33,
        "upward_expansion": 99.99,
        "deceleration": 39.0,
        "rotation_down": 8.06,
        "downward_expansion": 21.99
      },
      "activity_lines": [
        38.093331,
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        34.110614,
        33.34113
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 38.099998,
    "trend_reference": 32.765622,
    "distance_from_trend": 0.162804,
    "trend_direction": "Weakening",
    "fair_value": 35.859564,
    "distance_from_fair_value": 0.062478,
    "fair_value_direction": "Improving",
    "relative_strength": -0.903997,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.152804,
    "excess_performance": 0.09131,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.162804,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.005078,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.062478,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.180061,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.00904,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.195983,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.152804,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.688337,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3174471,
      "relative_activity": 6.644787,
      "balance": 2.688337,
      "dry_up": 2.77049,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.040677,
      "annualized_volatility": 0.458685,
      "from_high_reference": -0.010631,
      "from_low_reference": 0.385454
    },
    "levels": {
      "trend_reference": 32.765622,
      "fair_value_reference": 35.859564,
      "structural_low": 27.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.010243,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": -0.013857,
        "regime_survival": 0.727273,
        "best_return": 0.160306,
        "worst_return": -0.081352,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.0329,
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        "worst_return": -0.066581,
        "sufficient": false
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.140271,
        "sufficient": false
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      {
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        "worst_return": -0.211372,
        "sufficient": false
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        "end": "2024-08-02",
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      {
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      {
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 323899.75,
        "trend": 32.203491,
        "fair_value": 35.521569,
        "relative_strength": -1.798537,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 321613.65,
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        "relative_strength": 0.88296,
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        "gate": "mixed",
        "direction": 46.301885,
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      },
      {
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        "volume": 344399,
        "typical_volume": 254634.2,
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        "relative_strength": 2.70575,
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        "gate": "mixed",
        "direction": 56.396713,
        "energy": 82.680786,
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          36.073333,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 38.099998,
        "volume": 1359682,
        "typical_volume": 312673.35,
        "trend": 32.529687,
        "fair_value": 35.730078,
        "relative_strength": 1.51445,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 74.576787,
        "energy": 90.705443,
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      },
      {
        "date": "2026-07-31",
        "close": 38.099998,
        "volume": 415728,
        "typical_volume": 325327.4,
        "trend": 32.655779,
        "fair_value": 35.794965,
        "relative_strength": 0.575299,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.465274,
        "energy": 88.427899,
        "activity_lines": [
          38.079998,
          35.570908,
          33.581245,
          32.98989
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      },
      {
        "date": "2026-08-07",
        "close": 38.099998,
        "volume": 3174471,
        "typical_volume": 477738.6,
        "trend": 32.765622,
        "fair_value": 35.859564,
        "relative_strength": -0.903997,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.819293,
        "energy": 88.960402,
        "activity_lines": [
          38.093331,
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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."
    }
  }
}