{
  "ticker": {
    "uuid": "ab14a133-b360-40c9-af06-7d4765447f9a",
    "symbol": "AFK",
    "name": "Arendals Fossekompani 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 62.83,
    "architecture_energy": 60.861,
    "architecture_maturity": 10.178,
    "architecture_confidence": 88.338,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 32.39,
        "rotation_up": 62.5,
        "upward_expansion": 83.42,
        "deceleration": 48.88,
        "rotation_down": 12.99,
        "downward_expansion": 12.42
      },
      "activity_lines": [
        182.666667,
        180.054545,
        179.340813,
        176.655143
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 185.0,
    "trend_reference": 171.738188,
    "distance_from_trend": 0.077221,
    "trend_direction": "Improving",
    "fair_value": 147.556362,
    "distance_from_fair_value": 0.253758,
    "fair_value_direction": "Weakening",
    "relative_strength": 7.47177,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.261476,
    "excess_performance": 0.136483,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.077221,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.099118,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.253758,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.022671,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.074718,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.078464,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.261476,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.605629,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 7992,
      "relative_activity": 0.174285,
      "balance": 1.605629,
      "dry_up": 0.684773,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.039709,
      "annualized_volatility": 0.349207,
      "from_high_reference": -0.104952,
      "from_low_reference": 0.521943
    },
    "levels": {
      "trend_reference": 171.738188,
      "fair_value_reference": 147.556362,
      "structural_low": 149.114167,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 17,
        "median_return": -0.007273,
        "positive_rate": 0.294118,
        "directional_follow_through": 0.294118,
        "median_excess_return": -0.032382,
        "regime_survival": 0.470588,
        "best_return": 0.229917,
        "worst_return": -0.163934,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.025604,
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        "regime_survival": 0.25,
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        "worst_return": -0.297237,
        "sufficient": true
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      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.100061,
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        "worst_return": -0.381447,
        "sufficient": false
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        "horizon": "Full cycle",
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        "worst_return": -0.318769,
        "sufficient": false
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        "date": "2026-04-24",
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      },
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 146.894043,
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      },
      {
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        "typical_volume": 69781.9,
        "trend": 165.203937,
        "fair_value": 146.958258,
        "relative_strength": 7.473858,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 176.0,
        "volume": 84301,
        "typical_volume": 47863.7,
        "trend": 166.641469,
        "fair_value": 147.039637,
        "relative_strength": 6.471946,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 184.0,
        "volume": 23236,
        "typical_volume": 47767.25,
        "trend": 168.345669,
        "fair_value": 147.187834,
        "relative_strength": 8.251327,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.020354,
        "energy": 28.389211,
        "activity_lines": [
          178.466667,
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      },
      {
        "date": "2026-07-31",
        "close": 184.0,
        "volume": 10075,
        "typical_volume": 47527.2,
        "trend": 170.066272,
        "fair_value": 147.35754,
        "relative_strength": 7.487576,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.755242,
        "energy": 47.847932,
        "activity_lines": [
          180.6,
          178.672727,
          178.515542,
          175.691677
        ]
      },
      {
        "date": "2026-08-07",
        "close": 185.0,
        "volume": 7992,
        "typical_volume": 45856.05,
        "trend": 171.738188,
        "fair_value": 147.556362,
        "relative_strength": 7.47177,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.829806,
        "energy": 60.860755,
        "activity_lines": [
          182.666667,
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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."
    }
  }
}