{
  "ticker": {
    "uuid": "ad48eeb0-f160-4c3a-b624-6a46097f2b24",
    "symbol": "STUDBO",
    "name": "Studentbost\u00e4der i Norden 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": -45.356,
    "architecture_energy": 35.627,
    "architecture_maturity": 88.539,
    "architecture_confidence": 60.667,
    "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": 26.74,
        "rotation_up": 26.4,
        "upward_expansion": 16.9,
        "deceleration": 66.86,
        "rotation_down": 37.09,
        "downward_expansion": 64.57
      },
      "activity_lines": [
        1.315333,
        1.313273,
        1.37081,
        1.440065
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 1.35,
    "trend_reference": 1.529,
    "distance_from_trend": -0.11707,
    "trend_direction": "Weakening",
    "fair_value": 1.358215,
    "distance_from_fair_value": -0.006048,
    "fair_value_direction": "Weakening",
    "relative_strength": -26.552199,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.217391,
    "excess_performance": -0.278886,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.11707,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.083608,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.006048,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.113206,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.265522,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.089945,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.217391,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.179411,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 132630,
      "relative_activity": 0.348929,
      "balance": 1.179411,
      "dry_up": 0.724187,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.080057,
      "annualized_volatility": 0.25816,
      "from_high_reference": -0.305913,
      "from_low_reference": 0.238532
    },
    "levels": {
      "trend_reference": 1.529,
      "fair_value_reference": 1.358215,
      "structural_low": 1.09,
      "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": 34,
        "median_return": -0.044594,
        "positive_rate": 0.294118,
        "directional_follow_through": 0.705882,
        "median_excess_return": -0.078796,
        "regime_survival": 0.852941,
        "best_return": 0.334066,
        "worst_return": -0.34907,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.18812,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.165065,
        "regime_survival": 0.666667,
        "best_return": 0.298701,
        "worst_return": -0.484453,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.033333,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.178161,
        "regime_survival": 0.571429,
        "best_return": 0.977011,
        "worst_return": -0.651741,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.329396,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.323356,
        "regime_survival": 0.5,
        "best_return": 0.200692,
        "worst_return": -0.714286,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
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        "color": "blue",
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        "label": "Rotation Up",
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 460628.7,
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        "relative_strength": -26.404447,
        "stage": 4,
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        "gate": "down",
        "direction": -65.348047,
        "energy": 68.09985,
        "activity_lines": [
          1.29,
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          1.414952,
          1.485957
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      },
      {
        "date": "2026-07-24",
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        "volume": 114748,
        "typical_volume": 429729.8,
        "trend": 1.5585,
        "fair_value": 1.355407,
        "relative_strength": -26.878375,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -63.357449,
        "energy": 56.284873,
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          1.292333,
          1.318091,
          1.397643,
          1.469312
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      },
      {
        "date": "2026-07-31",
        "close": 1.3,
        "volume": 133460,
        "typical_volume": 402471.1,
        "trend": 1.544833,
        "fair_value": 1.356561,
        "relative_strength": -28.29529,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.297261,
        "energy": 50.812861,
        "activity_lines": [
          1.293667,
          1.309636,
          1.380929,
          1.452634
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.35,
        "volume": 132630,
        "typical_volume": 380105.45,
        "trend": 1.529,
        "fair_value": 1.358215,
        "relative_strength": -26.552199,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.35555,
        "energy": 35.62706,
        "activity_lines": [
          1.315333,
          1.313273,
          1.37081,
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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."
    }
  }
}