{
  "ticker": {
    "uuid": "b678a2db-60a0-45e0-9fe7-46ced746540e",
    "symbol": "ATCO-B",
    "name": "Atlas Copco 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": 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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 77.268,
    "architecture_energy": 76.995,
    "architecture_maturity": 24.408,
    "architecture_confidence": 79.993,
    "architecture_tenure": "Developing",
    "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": 5.24,
        "rotation_up": 75.59,
        "upward_expansion": 92.15,
        "deceleration": 43.18,
        "rotation_down": 12.14,
        "downward_expansion": 16.48
      },
      "activity_lines": [
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        164.630055
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 182.550003,
    "trend_reference": 161.534948,
    "distance_from_trend": 0.130096,
    "trend_direction": "Improving",
    "fair_value": 146.637941,
    "distance_from_fair_value": 0.244903,
    "fair_value_direction": "Improving",
    "relative_strength": 6.700356,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.138149,
    "excess_performance": 0.076655,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.130096,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.060382,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.244903,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.13532,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.067004,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.064794,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.138149,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.159837,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.089934,
      "balance": 1.159837,
      "dry_up": 1.179215,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.04711,
      "annualized_volatility": 0.290685,
      "from_high_reference": -0.014309,
      "from_low_reference": 0.458756
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    "levels": {
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      "fair_value_reference": 146.637941,
      "structural_low": 133.627213,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 26,
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        "positive_rate": 0.384615,
        "directional_follow_through": 0.384615,
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        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-17",
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      },
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      },
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 6244406.5,
        "trend": 158.505669,
        "fair_value": 145.491714,
        "relative_strength": 7.26903,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 68.242508,
        "energy": 61.02529,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 180.100006,
        "volume": 6025408,
        "typical_volume": 6129767.0,
        "trend": 159.662802,
        "fair_value": 145.868115,
        "relative_strength": 9.406946,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.066949,
        "energy": 69.15727,
        "activity_lines": [
          173.820002,
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      },
      {
        "date": "2026-07-31",
        "close": 175.850006,
        "volume": 9099139,
        "typical_volume": 6273318.95,
        "trend": 160.619229,
        "fair_value": 146.228998,
        "relative_strength": 5.095328,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.738542,
        "energy": 59.55388,
        "activity_lines": [
          175.09667,
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      },
      {
        "date": "2026-08-07",
        "close": 182.550003,
        "volume": 6747902,
        "typical_volume": 6191111.85,
        "trend": 161.534948,
        "fair_value": 146.637941,
        "relative_strength": 6.700356,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.267679,
        "energy": 76.995023,
        "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."
    }
  }
}