{
  "ticker": {
    "uuid": "b928df3c-f427-4f55-976f-80183fc83fe0",
    "symbol": "MEKO",
    "name": "Meko 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 53.531,
    "architecture_energy": 32.486,
    "architecture_maturity": 43.696,
    "architecture_confidence": 62.712,
    "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": 30.74,
        "rotation_up": 43.25,
        "upward_expansion": 77.41,
        "deceleration": 64.06,
        "rotation_down": 25.83,
        "downward_expansion": 4.08
      },
      "activity_lines": [
        77.339998,
        77.191817,
        76.305714,
        74.618924
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 77.449997,
    "trend_reference": 72.819999,
    "distance_from_trend": 0.063581,
    "trend_direction": "Improving",
    "fair_value": 98.109897,
    "distance_from_fair_value": -0.210579,
    "fair_value_direction": "Improving",
    "relative_strength": -7.018153,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.068276,
    "excess_performance": 0.006781,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.063581,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.023346,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.210579,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.029642,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.070182,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.091313,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.068276,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.38904,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 323925,
      "relative_activity": 0.782832,
      "balance": 1.38904,
      "dry_up": 0.954434,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.046978,
      "annualized_volatility": 0.244351,
      "from_high_reference": -0.105742,
      "from_low_reference": 0.23328
    },
    "levels": {
      "trend_reference": 72.819999,
      "fair_value_reference": 98.109897,
      "structural_low": 62.799999,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 19,
        "median_return": 0.0,
        "positive_rate": 0.473684,
        "directional_follow_through": 0.473684,
        "median_excess_return": -0.011365,
        "regime_survival": 0.789474,
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        "worst_return": -0.136214,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.288321,
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "stage": 1,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      {
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      },
      {
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -9.804899,
        "stage": 1,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 98.664729,
        "relative_strength": -5.518616,
        "stage": 1,
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      },
      {
        "date": "2026-07-17",
        "close": 78.400002,
        "volume": 264378,
        "typical_volume": 503067.65,
        "trend": 72.251667,
        "fair_value": 98.540262,
        "relative_strength": -2.997236,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.768778,
        "energy": 51.001705,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 76.849998,
        "volume": 698898,
        "typical_volume": 496448.95,
        "trend": 72.416666,
        "fair_value": 98.378367,
        "relative_strength": -5.76456,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.511567,
        "energy": 37.249359,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 76.849998,
        "volume": 292524,
        "typical_volume": 480540.65,
        "trend": 72.651666,
        "fair_value": 98.241624,
        "relative_strength": -6.485033,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.388357,
        "energy": 33.524025,
        "activity_lines": [
          77.346666,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 77.449997,
        "volume": 323925,
        "typical_volume": 413785.85,
        "trend": 72.819999,
        "fair_value": 98.109897,
        "relative_strength": -7.018153,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.531379,
        "energy": 32.486016,
        "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."
    }
  }
}