{
  "ticker": {
    "uuid": "c2cd7cab-b13f-4589-be95-fc7561e85f90",
    "symbol": "XACT-SMABOLAG",
    "name": "XACT Svenska Sm\u00e5bolag",
    "exchange": "STO",
    "country": "SE",
    "assetType": "etf"
  },
  "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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 50.379,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 73.168,
    "architecture_energy": 62.571,
    "architecture_maturity": 24.386,
    "architecture_confidence": 74.232,
    "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": 18.7,
        "rotation_up": 63.0,
        "upward_expansion": 86.06,
        "deceleration": 46.27,
        "rotation_down": 15.77,
        "downward_expansion": 12.73
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
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    "latest_close": 285.549988,
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    "trend_direction": "Improving",
    "fair_value": 258.842242,
    "distance_from_fair_value": 0.103182,
    "fair_value_direction": "Improving",
    "relative_strength": -5.643678,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.050202,
    "excess_performance": -0.011292,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.054825,
        "read": "Above"
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      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.012259,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.103182,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.03525,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.056437,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.020233,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.050202,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": false,
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        "read": "Supply-led"
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      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "relative_strength": -6.485227,
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      },
      {
        "date": "2026-07-31",
        "close": 280.100006,
        "volume": 76019,
        "typical_volume": 321870.2,
        "trend": 270.328333,
        "fair_value": 258.41564,
        "relative_strength": -5.913727,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 59.533345,
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        "activity_lines": [
          277.300002,
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      },
      {
        "date": "2026-08-07",
        "close": 285.549988,
        "volume": 178678,
        "typical_volume": 300919.9,
        "trend": 270.708332,
        "fair_value": 258.842242,
        "relative_strength": -5.643678,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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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."
    }
  }
}