{
  "ticker": {
    "uuid": "a87b94f0-71cf-43bb-864e-a718ff5693e9",
    "symbol": "BWO",
    "name": "BW Offshore Limited",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 63.287,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -45.417,
    "architecture_energy": 28.599,
    "architecture_maturity": 32.054,
    "architecture_confidence": 86.237,
    "architecture_tenure": "New",
    "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": 36.23,
        "rotation_up": 24.63,
        "upward_expansion": 14.96,
        "deceleration": 42.74,
        "rotation_down": 38.49,
        "downward_expansion": 64.96
      },
      "activity_lines": [
        45.640001,
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        46.495133,
        47.489014
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 45.200001,
    "trend_reference": 48.295884,
    "distance_from_trend": -0.064102,
    "trend_direction": "Improving",
    "fair_value": 33.011451,
    "distance_from_fair_value": 0.369222,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.157028,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.038763,
    "excess_performance": -0.163756,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.064102,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.045702,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.369222,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.236878,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.07157,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.162899,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.038763,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.254899,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 322370,
      "relative_activity": 0.778171,
      "balance": 1.254899,
      "dry_up": 0.709691,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.054513,
      "annualized_volatility": 0.268968,
      "from_high_reference": -0.158917,
      "from_low_reference": 0.339778
    },
    "levels": {
      "trend_reference": 48.295884,
      "fair_value_reference": 33.011451,
      "structural_low": 43.450001,
      "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": 20,
        "median_return": 0.006663,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.007323,
        "regime_survival": 0.6,
        "best_return": 0.241252,
        "worst_return": -0.095676,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.002277,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.009022,
        "regime_survival": 0.5,
        "best_return": 0.252791,
        "worst_return": -0.092608,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.023032,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.105636,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "directional_follow_through": 0.25,
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        "worst_return": -0.10914,
        "sufficient": false
      }
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        "end": "2024-12-27",
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        "regime": "balance",
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-01",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 828629.65,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 809089.95,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 821902.3,
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        "fair_value": 31.578057,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 823550.45,
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        "fair_value": 31.711275,
        "relative_strength": -2.282862,
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        "modifier": "Recompressing",
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        "energy": 16.684731,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 47.0,
        "volume": 67044,
        "typical_volume": 802816.45,
        "trend": 46.576177,
        "fair_value": 31.847936,
        "relative_strength": -0.524962,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 0.535875,
        "energy": 20.873988,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 47.349998,
        "volume": 59491,
        "typical_volume": 783055.1,
        "trend": 46.959024,
        "fair_value": 31.993294,
        "relative_strength": 0.334161,
        "stage": 2,
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        "modifier": "Momentum cooling",
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        "energy": 28.366769,
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      },
      {
        "date": "2026-06-19",
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        "trend": 47.312961,
        "fair_value": 32.131631,
        "relative_strength": -1.912445,
        "stage": 2,
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        "modifier": "Momentum cooling",
        "gate": "mixed",
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        "energy": 46.486648,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 748973.35,
        "trend": 47.562243,
        "fair_value": 32.25674,
        "relative_strength": -1.93722,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.937182,
        "energy": 52.823336,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 44.650002,
        "volume": 48631,
        "typical_volume": 561451.05,
        "trend": 47.775074,
        "fair_value": 32.38272,
        "relative_strength": -3.862588,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.351228,
        "energy": 51.012444,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 45.5,
        "volume": 310866,
        "typical_volume": 539571.1,
        "trend": 47.988042,
        "fair_value": 32.517559,
        "relative_strength": -1.624909,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.246061,
        "energy": 49.523398,
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      },
      {
        "date": "2026-07-17",
        "close": 44.150002,
        "volume": 204114,
        "typical_volume": 503058.45,
        "trend": 48.167621,
        "fair_value": 32.641673,
        "relative_strength": -5.889966,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -66.560948,
        "energy": 65.101691,
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          44.726668,
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          47.927676
        ]
      },
      {
        "date": "2026-07-24",
        "close": 46.0,
        "volume": 367122,
        "typical_volume": 463197.45,
        "trend": 48.228073,
        "fair_value": 32.773142,
        "relative_strength": -4.549934,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.127576,
        "energy": 44.485201,
        "activity_lines": [
          45.120001,
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          46.914397,
          47.787829
        ]
      },
      {
        "date": "2026-07-31",
        "close": 46.700001,
        "volume": 282399,
        "typical_volume": 445676.9,
        "trend": 48.303565,
        "fair_value": 32.898504,
        "relative_strength": -3.723462,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.222348,
        "energy": 28.394021,
        "activity_lines": [
          45.706668,
          45.567274,
          46.765875,
          47.689244
        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.200001,
        "volume": 322370,
        "typical_volume": 414266.45,
        "trend": 48.295884,
        "fair_value": 33.011451,
        "relative_strength": -7.157028,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.416576,
        "energy": 28.598932,
        "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."
    }
  }
}