{
  "ticker": {
    "uuid": "b5350d42-a57d-4ce7-a83c-bd46240f31b2",
    "symbol": "AXIC-A",
    "name": "aXichem AB",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 67.187,
    "architecture_energy": 81.52,
    "architecture_maturity": 24.0,
    "architecture_confidence": 83.251,
    "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": 19.32,
        "rotation_up": 79.63,
        "upward_expansion": 94.97,
        "deceleration": 43.0,
        "rotation_down": 8.3,
        "downward_expansion": 19.31
      },
      "activity_lines": [
        3.073333,
        2.629636,
        2.133262,
        1.920141
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 2.97,
    "trend_reference": 1.725337,
    "distance_from_trend": 0.721403,
    "trend_direction": "Weakening",
    "fair_value": 2.673365,
    "distance_from_fair_value": 0.110959,
    "fair_value_direction": "Improving",
    "relative_strength": 20.984719,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.191707,
    "excess_performance": 1.130213,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.721403,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.013719,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.110959,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.629612,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.209847,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.633052,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.191707,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.81262,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 340243,
      "relative_activity": 1.54799,
      "balance": 1.81262,
      "dry_up": 1.768304,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.190624,
      "annualized_volatility": 0.774185,
      "from_high_reference": -0.27561,
      "from_low_reference": 1.61674
    },
    "levels": {
      "trend_reference": 1.725337,
      "fair_value_reference": 2.673365,
      "structural_low": 1.135,
      "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": 9,
        "median_return": -0.116667,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.130628,
        "regime_survival": 0.777778,
        "best_return": 0.629167,
        "worst_return": -0.469577,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
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        "positive_rate": 0.0,
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        "regime_survival": 0.0,
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        "worst_return": -0.52148,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.359356,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.482659,
        "regime_survival": 0.0,
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        "worst_return": -0.805489,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.60834,
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        "worst_return": -0.836516,
        "sufficient": false
      }
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        "regime": "balance",
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        "regime": "downward_expansion",
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      {
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        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
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      {
        "regime": "deceleration",
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        "regime": "downward_expansion",
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        "trend": 1.91867,
        "fair_value": 3.14907,
        "relative_strength": -48.356108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 42.782046,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "trend": 1.829004,
        "fair_value": 3.082275,
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        "energy": 27.144948,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 232071.4,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 240620.5,
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        "stage": 4,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 232806.5,
        "trend": 1.71467,
        "fair_value": 2.96548,
        "relative_strength": -45.349173,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 222224.4,
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        "stage": 4,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 202032.2,
        "trend": 1.608004,
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        "relative_strength": -31.779848,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -4.073459,
        "energy": 8.286345,
        "activity_lines": [
          1.436,
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          1.419952,
          1.467217
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      },
      {
        "date": "2026-07-03",
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        "volume": 126467,
        "typical_volume": 199587.25,
        "trend": 1.605337,
        "fair_value": 2.825031,
        "relative_strength": -11.525917,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 43.858886,
        "energy": 54.316883,
        "activity_lines": [
          1.688667,
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      },
      {
        "date": "2026-07-10",
        "close": 2.39,
        "volume": 233079,
        "typical_volume": 202187.05,
        "trend": 1.606337,
        "fair_value": 2.794326,
        "relative_strength": 0.538693,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 57.585166,
        "energy": 75.257229,
        "activity_lines": [
          1.965333,
          1.73,
          1.583738,
          1.554099
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      },
      {
        "date": "2026-07-17",
        "close": 2.56,
        "volume": 497239,
        "typical_volume": 210416.25,
        "trend": 1.61767,
        "fair_value": 2.761762,
        "relative_strength": 9.662234,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 57.157494,
        "energy": 81.155305,
        "activity_lines": [
          2.230667,
          1.902364,
          1.685214,
          1.615625
        ]
      },
      {
        "date": "2026-07-24",
        "close": 3.14,
        "volume": 322742,
        "typical_volume": 220781.2,
        "trend": 1.65267,
        "fair_value": 2.734711,
        "relative_strength": 32.401294,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 88.792424,
        "energy": 92.918938,
        "activity_lines": [
          2.606333,
          2.160909,
          1.835571,
          1.71384
        ]
      },
      {
        "date": "2026-07-31",
        "close": 3.58,
        "volume": 394445,
        "typical_volume": 233592.15,
        "trend": 1.69967,
        "fair_value": 2.704455,
        "relative_strength": 48.673855,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.386057,
        "energy": 95.166235,
        "activity_lines": [
          3.006,
          2.469636,
          2.018952,
          1.838184
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.97,
        "volume": 340243,
        "typical_volume": 219796.6,
        "trend": 1.725337,
        "fair_value": 2.673365,
        "relative_strength": 20.984719,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.186971,
        "energy": 81.520368,
        "activity_lines": [
          3.073333,
          2.629636,
          2.133262,
          1.920141
        ]
      }
    ],
    "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."
    }
  }
}