{
  "ticker": {
    "uuid": "9dd3f491-1760-4e6c-a89a-f9544e66e9e8",
    "symbol": "LSG",
    "name": "Ler\u00f8y Seafood Group 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": 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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -40.946,
    "architecture_energy": 27.054,
    "architecture_maturity": 83.567,
    "architecture_confidence": 79.447,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 26.82,
        "rotation_up": 27.56,
        "upward_expansion": 16.76,
        "deceleration": 46.78,
        "rotation_down": 29.44,
        "downward_expansion": 64.42
      },
      "activity_lines": [
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        41.543188,
        42.578726
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 41.580002,
    "trend_reference": 43.747018,
    "distance_from_trend": -0.049535,
    "trend_direction": "Weakening",
    "fair_value": 42.582122,
    "distance_from_fair_value": -0.023534,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.605955,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.100814,
    "excess_performance": -0.225808,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.049535,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.032416,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.023534,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.014784,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.17606,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.023329,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.100814,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.46865,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2133926,
      "relative_activity": 1.052947,
      "balance": 4.46865,
      "dry_up": 0.961413,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.036691,
      "annualized_volatility": 0.181954,
      "from_high_reference": -0.161217,
      "from_low_reference": 0.071097
    },
    "levels": {
      "trend_reference": 43.747018,
      "fair_value_reference": 42.582122,
      "structural_low": 38.82,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 20,
        "median_return": 0.040142,
        "positive_rate": 0.7,
        "directional_follow_through": 0.3,
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        "regime_survival": 0.75,
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        "worst_return": -0.361492,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "worst_return": -0.274328,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "worst_return": -0.237313,
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      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "sufficient": false
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        "regime": "balance",
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      {
        "regime": "deceleration",
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        "regime": "downward_expansion",
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        "date": "2026-04-17",
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      {
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      },
      {
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 40.939999,
        "volume": 1802616,
        "typical_volume": 2103667.3,
        "trend": 44.121155,
        "fair_value": 42.515636,
        "relative_strength": -19.055725,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 56.964674,
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      },
      {
        "date": "2026-07-31",
        "close": 41.599998,
        "volume": 2086241,
        "typical_volume": 2123619.25,
        "trend": 43.885384,
        "fair_value": 42.551227,
        "relative_strength": -17.75395,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.882727,
        "energy": 38.992782,
        "activity_lines": [
          40.777332,
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          42.72746
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      },
      {
        "date": "2026-08-07",
        "close": 41.580002,
        "volume": 2133926,
        "typical_volume": 2026621.6,
        "trend": 43.747018,
        "fair_value": 42.582122,
        "relative_strength": -17.605955,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.945718,
        "energy": 27.053857,
        "activity_lines": [
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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."
    }
  }
}