{
  "ticker": {
    "uuid": "c03d0757-2c7f-436e-b941-e32302d570f5",
    "symbol": "SAAB-B",
    "name": "Saab 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 78.699,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "mixed",
    "architecture_direction": 33.403,
    "architecture_energy": 34.885,
    "architecture_maturity": 47.482,
    "architecture_confidence": 85.297,
    "architecture_tenure": "Developing",
    "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": 38.49,
        "rotation_up": 64.4,
        "upward_expansion": 36.92,
        "deceleration": 34.14,
        "rotation_down": 14.28,
        "downward_expansion": 20.92
      },
      "activity_lines": [
        600.086686,
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        558.227764,
        571.625515
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 633.400024,
    "trend_reference": 597.534056,
    "distance_from_trend": 0.060023,
    "trend_direction": "Improving",
    "fair_value": 363.449736,
    "distance_from_fair_value": 0.742744,
    "fair_value_direction": "Improving",
    "relative_strength": -0.512897,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.033879,
    "excess_performance": -0.095374,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.060023,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.015418,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.742744,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.111094,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.005129,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.111968,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.033879,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.75873,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8946700,
      "relative_activity": 1.422497,
      "balance": 1.75873,
      "dry_up": 1.327777,
      "accumulation_observations": 6,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.081544,
      "annualized_volatility": 0.430777,
      "from_high_reference": -0.15258,
      "from_low_reference": 0.425631
    },
    "levels": {
      "trend_reference": 597.534056,
      "fair_value_reference": 363.449736,
      "structural_low": 475.899994,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.080433,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.051325,
        "regime_survival": 0.625,
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        "worst_return": -0.024186,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
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        "positive_rate": 1.0,
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        "worst_return": 0.088096,
        "sufficient": false
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        "horizon": "Extended",
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        "horizon": "Full cycle",
        "sample_count": 2,
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        "end": "2024-05-24",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 6304007.35,
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        "fair_value": 360.270819,
        "relative_strength": -4.210841,
        "stage": 3,
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        "modifier": "Early contraction",
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        "direction": 0.387742,
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      },
      {
        "date": "2026-08-07",
        "close": 633.400024,
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        "typical_volume": 6289434.65,
        "trend": 597.534056,
        "fair_value": 363.449736,
        "relative_strength": -0.512897,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
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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."
    }
  }
}