{
  "ticker": {
    "uuid": "bcc24cb7-8c40-4aef-8493-460cbab267b0",
    "symbol": "BEWI",
    "name": "BEWI ASA",
    "exchange": "OSL",
    "country": "NO",
    "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": "OSEBX.OL",
    "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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 59.714,
    "architecture_energy": 41.023,
    "architecture_maturity": 23.495,
    "architecture_confidence": 78.508,
    "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": 23.17,
        "rotation_up": 50.08,
        "upward_expansion": 78.81,
        "deceleration": 59.29,
        "rotation_down": 23.71,
        "downward_expansion": 5.48
      },
      "activity_lines": [
        18.810667,
        18.603636,
        18.071809,
        17.376043
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 18.98,
    "trend_reference": 16.759333,
    "distance_from_trend": 0.132503,
    "trend_direction": "Improving",
    "fair_value": 22.913397,
    "distance_from_fair_value": -0.171664,
    "fair_value_direction": "Improving",
    "relative_strength": -1.925877,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.143373,
    "excess_performance": 0.01838,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.132503,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031217,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.171664,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.152476,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.019259,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.179616,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.143373,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.704246,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 304750,
      "relative_activity": 0.517885,
      "balance": 5.704246,
      "dry_up": 0.392319,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.075221,
      "annualized_volatility": 0.400772,
      "from_high_reference": -0.225306,
      "from_low_reference": 0.427068
    },
    "levels": {
      "trend_reference": 16.759333,
      "fair_value_reference": 22.913397,
      "structural_low": 13.3,
      "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": 3,
        "median_return": -0.040678,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.091163,
        "regime_survival": 0.333333,
        "best_return": 0.0299,
        "worst_return": -0.134897,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
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      },
      {
        "horizon": "Extended",
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        "worst_return": -0.16129,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      {
        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "modifier": "Early expansion",
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        "direction": 61.623382,
        "energy": 49.760948,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 142379,
        "typical_volume": 958218.3,
        "trend": 16.556667,
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        "stage": 1,
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-10",
        "close": 18.299999,
        "volume": 438795,
        "typical_volume": 968669.45,
        "trend": 16.598667,
        "fair_value": 23.481923,
        "relative_strength": -4.338454,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.50375,
        "energy": 34.557402,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 18.58,
        "volume": 256569,
        "typical_volume": 970385.4,
        "trend": 16.648667,
        "fair_value": 23.332436,
        "relative_strength": -3.210013,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.238052,
        "energy": 31.081763,
        "activity_lines": [
          18.315999,
          18.425091,
          17.454667,
          16.954581
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.6,
        "volume": 198764,
        "typical_volume": 968260.05,
        "trend": 16.686,
        "fair_value": 23.187564,
        "relative_strength": -4.656486,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.953981,
        "energy": 31.113545,
        "activity_lines": [
          18.392,
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          17.649428,
          17.080473
        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.0,
        "volume": 163361,
        "typical_volume": 967857.9,
        "trend": 16.712667,
        "fair_value": 23.046218,
        "relative_strength": -2.298085,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.332974,
        "energy": 38.800357,
        "activity_lines": [
          18.636,
          18.521091,
          17.869905,
          17.229763
        ]
      },
      {
        "date": "2026-08-07",
        "close": 18.98,
        "volume": 304750,
        "typical_volume": 588451.6,
        "trend": 16.759333,
        "fair_value": 22.913397,
        "relative_strength": -1.925877,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.713942,
        "energy": 41.022761,
        "activity_lines": [
          18.810667,
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          18.071809,
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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."
    }
  }
}