{
  "ticker": {
    "uuid": "a86f1b85-bbe3-495b-8c08-cf3f5606c94f",
    "symbol": "KOMPL",
    "name": "Komplett 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": -38.306,
    "architecture_energy": 29.541,
    "architecture_maturity": 100.0,
    "architecture_confidence": 76.476,
    "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": 34.31,
        "rotation_up": 27.99,
        "upward_expansion": 24.14,
        "deceleration": 47.0,
        "rotation_down": 21.93,
        "downward_expansion": 58.14
      },
      "activity_lines": [
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        6.775273,
        6.95,
        7.602688
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 7.46,
    "trend_reference": 8.879667,
    "distance_from_trend": -0.159878,
    "trend_direction": "Weakening",
    "fair_value": 10.117308,
    "distance_from_fair_value": -0.26265,
    "fair_value_direction": "Improving",
    "relative_strength": -39.336239,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.457455,
    "excess_performance": -0.582448,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.159878,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.181447,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.26265,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.039078,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.393362,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.072875,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.457455,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.684677,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 645039,
      "relative_activity": 1.857041,
      "balance": 0.684677,
      "dry_up": 0.921219,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.066199,
      "annualized_volatility": 0.397847,
      "from_high_reference": -0.512418,
      "from_low_reference": 0.247492
    },
    "levels": {
      "trend_reference": 8.879667,
      "fair_value_reference": 10.117308,
      "structural_low": 5.98,
      "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": 19,
        "median_return": -0.044615,
        "positive_rate": 0.368421,
        "directional_follow_through": 0.631579,
        "median_excess_return": -0.027168,
        "regime_survival": 0.789474,
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        "worst_return": -0.268595,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "worst_return": -0.381982,
        "sufficient": true
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      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.035778,
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        "horizon": "Full cycle",
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        "date": "2026-05-01",
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        "relative_strength": -45.375094,
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "date": "2026-05-29",
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      {
        "date": "2026-06-26",
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        "energy": 87.05198,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 367559.85,
        "trend": 9.894333,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 362982.5,
        "trend": 9.711667,
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        "relative_strength": -47.159235,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
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        "energy": 66.418036,
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      },
      {
        "date": "2026-07-17",
        "close": 6.9,
        "volume": 319786,
        "typical_volume": 362100.15,
        "trend": 9.531667,
        "fair_value": 10.219231,
        "relative_strength": -44.125462,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.867696,
        "energy": 57.823342,
        "activity_lines": [
          6.597333,
          6.581818,
          7.105143,
          8.051355
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.8,
        "volume": 114863,
        "typical_volume": 357016.95,
        "trend": 9.355,
        "fair_value": 10.183333,
        "relative_strength": -45.684022,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.905441,
        "energy": 51.319628,
        "activity_lines": [
          6.710667,
          6.596364,
          7.014667,
          7.875118
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.78,
        "volume": 200246,
        "typical_volume": 347530.55,
        "trend": 9.107667,
        "fair_value": 10.148077,
        "relative_strength": -45.529848,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.804097,
        "energy": 47.528618,
        "activity_lines": [
          6.766667,
          6.619273,
          6.942762,
          7.708989
        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.46,
        "volume": 645039,
        "typical_volume": 347347.75,
        "trend": 8.879667,
        "fair_value": 10.117308,
        "relative_strength": -39.336239,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.306352,
        "energy": 29.541229,
        "activity_lines": [
          7.009333,
          6.775273,
          6.95,
          7.602688
        ]
      }
    ],
    "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."
    }
  }
}