{
  "ticker": {
    "uuid": "ac7d6d48-9c3e-4012-a634-edc4f08e4727",
    "symbol": "WIHL",
    "name": "Wihlborgs Fastigheter AB (publ)",
    "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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -46.301,
    "architecture_energy": 35.106,
    "architecture_maturity": 58.384,
    "architecture_confidence": 67.252,
    "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": 25.88,
        "rotation_up": 22.04,
        "upward_expansion": 10.98,
        "deceleration": 62.15,
        "rotation_down": 45.55,
        "downward_expansion": 69.98
      },
      "activity_lines": [
        77.893331,
        77.847271,
        79.536694,
        80.983116
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 79.699997,
    "trend_reference": 83.104226,
    "distance_from_trend": -0.040963,
    "trend_direction": "Weakening",
    "fair_value": 88.68712,
    "distance_from_fair_value": -0.101335,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.589743,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.108365,
    "excess_performance": -0.169859,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.040963,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.038113,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.101335,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.046847,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.175897,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.016578,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.108365,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.481589,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1975562,
      "relative_activity": 1.007299,
      "balance": 1.481589,
      "dry_up": 0.920494,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.043094,
      "annualized_volatility": 0.242464,
      "from_high_reference": -0.165411,
      "from_low_reference": 0.071957
    },
    "levels": {
      "trend_reference": 83.104226,
      "fair_value_reference": 88.68712,
      "structural_low": 74.349998,
      "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": 24,
        "median_return": 0.010857,
        "positive_rate": 0.541667,
        "directional_follow_through": 0.458333,
        "median_excess_return": 0.007566,
        "regime_survival": 0.708333,
        "best_return": 0.199723,
        "worst_return": -0.099303,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.019021,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.018491,
        "regime_survival": 0.7,
        "best_return": 0.252032,
        "worst_return": -0.127471,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.035365,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.007224,
        "regime_survival": 0.4,
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        "worst_return": -0.106217,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "directional_follow_through": 0.333333,
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        "regime_survival": 0.333333,
        "best_return": 0.676359,
        "worst_return": -0.134353,
        "sufficient": false
      }
    ],
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        "end": "2024-02-02",
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        "return": 0.02792,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-03-22",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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        "tenure": "New",
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      },
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        "regime": "upward_expansion",
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      },
      {
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        "end": "2024-12-13",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-01-17",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-06-20",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 75.099998,
        "volume": 1423149,
        "typical_volume": 2014916.5,
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        "fair_value": 88.629736,
        "relative_strength": -20.893634,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 77.349998,
        "volume": 1807218,
        "typical_volume": 1990383.2,
        "trend": 83.480023,
        "fair_value": 88.65666,
        "relative_strength": -19.05862,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.689461,
        "energy": 43.365361,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 79.699997,
        "volume": 1975562,
        "typical_volume": 1961247.4,
        "trend": 83.104226,
        "fair_value": 88.68712,
        "relative_strength": -17.589743,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.301342,
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        "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."
    }
  }
}