{
  "ticker": {
    "uuid": "a6942e77-6f31-4455-baa0-1af488a8a620",
    "symbol": "ENVI-B",
    "name": "Envirologic AB ser. B",
    "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": 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -55.917,
    "architecture_energy": 26.169,
    "architecture_maturity": 20.07,
    "architecture_confidence": 72.943,
    "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": 51.12,
        "rotation_up": 23.36,
        "upward_expansion": 6.48,
        "deceleration": 55.71,
        "rotation_down": 38.03,
        "downward_expansion": 66.15
      },
      "activity_lines": [
        19.26,
        19.320909,
        19.347646,
        19.655266
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 18.700001,
    "trend_reference": 20.306971,
    "distance_from_trend": -0.079134,
    "trend_direction": "Weakening",
    "fair_value": 20.574617,
    "distance_from_fair_value": -0.091113,
    "fair_value_direction": "Weakening",
    "relative_strength": -24.396658,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.231207,
    "excess_performance": -0.292702,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.079134,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.084451,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.091113,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.073915,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.243967,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.043246,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.231207,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.069392,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 12988,
      "relative_activity": 0.626556,
      "balance": 1.069392,
      "dry_up": 0.605595,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.058206,
      "annualized_volatility": 0.285751,
      "from_high_reference": -0.404728,
      "from_low_reference": 0.090379
    },
    "levels": {
      "trend_reference": 20.306971,
      "fair_value_reference": 20.574617,
      "structural_low": 17.15,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": -0.066395,
        "positive_rate": 0.142857,
        "directional_follow_through": 0.142857,
        "median_excess_return": -0.067759,
        "regime_survival": 0.571429,
        "best_return": 0.077108,
        "worst_return": -0.174658,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.059153,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.096275,
        "regime_survival": 0.375,
        "best_return": 1.043795,
        "worst_return": -0.202941,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.119833,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.085036,
        "regime_survival": 0.0,
        "best_return": 0.479452,
        "worst_return": -0.348558,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 1.789338,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 1.829306,
        "regime_survival": 0.0,
        "best_return": 3.89726,
        "worst_return": -0.318584,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-05",
        "end": "2024-04-19",
        "tenure": "New",
        "return": 0.025352,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-26",
        "end": "2024-07-26",
        "tenure": "Established",
        "return": 0.395698,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-02",
        "end": "2024-11-15",
        "tenure": "Established",
        "return": -0.268797,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.006154,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-14",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.1125,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-11",
        "end": "2025-04-25",
        "tenure": "New",
        "return": 0.020492,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-02",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.15126,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-25",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": -0.174545,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-29",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.029167,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-10",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": 0.201717,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-11-28",
        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.007663,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-19",
        "end": "2026-03-20",
        "tenure": "Established",
        "return": -0.195219,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-07-17",
        "tenure": "Established",
        "return": -0.00505,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.055555,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "trend": 3.687258,
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      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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        "date": "2026-05-22",
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      },
      {
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      },
      {
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        "relative_strength": -23.431581,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 24.592895,
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      },
      {
        "date": "2026-07-17",
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        "volume": 16989,
        "typical_volume": 23414.8,
        "trend": 20.673054,
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        "relative_strength": -20.182555,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.633326,
        "energy": 19.730034,
        "activity_lines": [
          19.36,
          19.312727,
          19.417319,
          19.886912
        ]
      },
      {
        "date": "2026-07-24",
        "close": 19.799999,
        "volume": 15324,
        "typical_volume": 23826.25,
        "trend": 20.528824,
        "fair_value": 20.407376,
        "relative_strength": -19.030873,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.459621,
        "energy": 15.153154,
        "activity_lines": [
          19.496666,
          19.405454,
          19.427361,
          19.830586
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      },
      {
        "date": "2026-07-31",
        "close": 19.549999,
        "volume": 4913,
        "typical_volume": 23322.9,
        "trend": 20.438629,
        "fair_value": 20.492957,
        "relative_strength": -20.31308,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.951594,
        "energy": 12.232091,
        "activity_lines": [
          19.526666,
          19.447272,
          19.422944,
          19.767436
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.700001,
        "volume": 12988,
        "typical_volume": 20729.2,
        "trend": 20.306971,
        "fair_value": 20.574617,
        "relative_strength": -24.396658,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -55.91719,
        "energy": 26.169001,
        "activity_lines": [
          19.26,
          19.320909,
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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."
    }
  }
}