{
  "ticker": {
    "uuid": "a4e4eab9-b944-4d8e-921c-357dfd044363",
    "symbol": "WAVE",
    "name": "Eco Wave Power Global AB  ADR",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 1.893,
    "architecture_energy": 13.102,
    "architecture_maturity": 24.77,
    "architecture_confidence": 67.474,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 59.87,
        "rotation_up": 20.34,
        "upward_expansion": 49.7,
        "deceleration": 81.75,
        "rotation_down": 38.02,
        "downward_expansion": 27.7
      },
      "activity_lines": [
        7.58,
        8.056307,
        8.078877,
        7.613205
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 6.94,
    "trend_reference": 6.9226,
    "distance_from_trend": 0.002514,
    "trend_direction": "Improving",
    "fair_value": 5.62871,
    "distance_from_fair_value": 0.232965,
    "fair_value_direction": "Weakening",
    "relative_strength": -14.752976,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.508696,
    "excess_performance": 0.321242,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.002514,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.085966,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.232965,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.269943,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.14753,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.102697,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.508696,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.499329,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 56401,
      "relative_activity": 0.220554,
      "balance": 3.499329,
      "dry_up": 0.416555,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.192552,
      "annualized_volatility": 0.534991,
      "from_high_reference": -0.361546,
      "from_low_reference": 0.535398
    },
    "levels": {
      "trend_reference": 6.9226,
      "fair_value_reference": 5.62871,
      "structural_low": 4.5601,
      "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": 5,
        "median_return": -0.154806,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.120066,
        "regime_survival": 0.4,
        "best_return": 0.291683,
        "worst_return": -0.340122,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.353308,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.36371,
        "regime_survival": 0.0,
        "best_return": 0.486667,
        "worst_return": -0.391753,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.329685,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.474545,
        "regime_survival": 0.5,
        "best_return": -0.11985,
        "worst_return": -0.539519,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.900344,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.554973,
        "regime_survival": 0.0,
        "best_return": 0.900344,
        "worst_return": 0.900344,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-05",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": 0.319703,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-23",
        "end": "2025-01-17",
        "tenure": "Established",
        "return": 1.856749,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-24",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": -0.19214,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-18",
        "tenure": "New",
        "return": -0.0176,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-07-25",
        "tenure": "Established",
        "return": 0.460863,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-09-05",
        "tenure": "Developing",
        "return": 0.043281,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.154639,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-24",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": -0.148564,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-05",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": -0.095009,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-09",
        "end": "2026-04-03",
        "tenure": "Established",
        "return": -0.015041,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-10",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.175,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2026-05-22",
        "tenure": "New",
        "return": 0.279215,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.172336,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 54804.5,
        "trend": 6.2982,
        "fair_value": 5.126865,
        "relative_strength": -10.911327,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 27.721354,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 62288.25,
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        "fair_value": 5.156737,
        "relative_strength": -4.48326,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "direction": 48.967267,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 66769.0,
        "trend": 6.307567,
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        "gate": "mixed",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 75645.3,
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        "stage": 3,
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        "modifier": "Value reclamation",
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        "direction": 77.965045,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 82621.7,
        "trend": 6.415933,
        "fair_value": 5.302306,
        "relative_strength": 7.348821,
        "stage": 3,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 84679.1,
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      },
      {
        "date": "2026-06-19",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 3010354,
        "typical_volume": 232667.95,
        "trend": 6.530237,
        "fair_value": 5.416274,
        "relative_strength": 12.404056,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.362938,
        "energy": 41.259248,
        "activity_lines": [
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          7.05992
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      },
      {
        "date": "2026-07-03",
        "close": 9.25,
        "volume": 218756,
        "typical_volume": 241416.85,
        "trend": 6.616837,
        "fair_value": 5.456851,
        "relative_strength": 12.754438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.218501,
        "energy": 41.332262,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 136514,
        "typical_volume": 245890.35,
        "trend": 6.697503,
        "fair_value": 5.496787,
        "relative_strength": 6.748991,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.68057,
        "energy": 41.844651,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 8.71,
        "volume": 141416,
        "typical_volume": 250977.15,
        "trend": 6.778947,
        "fair_value": 5.534799,
        "relative_strength": 8.78939,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.324017,
        "energy": 41.482653,
        "activity_lines": [
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          8.149783,
          7.513818
        ]
      },
      {
        "date": "2026-07-24",
        "close": 7.82,
        "volume": 90509,
        "typical_volume": 253084.25,
        "trend": 6.848947,
        "fair_value": 5.568517,
        "relative_strength": 0.055979,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.027682,
        "energy": 27.738465,
        "activity_lines": [
          8.556,
          8.559562,
          8.180269,
          7.580983
        ]
      },
      {
        "date": "2026-07-31",
        "close": 7.3,
        "volume": 137767,
        "typical_volume": 257978.3,
        "trend": 6.891613,
        "fair_value": 5.599351,
        "relative_strength": -6.429965,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 27.673597,
        "energy": 15.588578,
        "activity_lines": [
          8.066667,
          8.327016,
          8.150073,
          7.610083
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.94,
        "volume": 56401,
        "typical_volume": 255724.05,
        "trend": 6.9226,
        "fair_value": 5.62871,
        "relative_strength": -14.752976,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 1.892917,
        "energy": 13.10226,
        "activity_lines": [
          7.58,
          8.056307,
          8.078877,
          7.613205
        ]
      }
    ],
    "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."
    }
  }
}