{
  "ticker": {
    "uuid": "c3146e50-71a8-4fd6-84a9-2d04d79e3018",
    "symbol": "HAKI-B",
    "name": "HAKI Safety 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": 49.067,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 75.38,
    "architecture_energy": 69.271,
    "architecture_maturity": 37.485,
    "architecture_confidence": 71.113,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 14.95,
        "rotation_up": 74.3,
        "upward_expansion": 90.16,
        "deceleration": 42.01,
        "rotation_down": 12.23,
        "downward_expansion": 16.82
      },
      "activity_lines": [
        20.546666,
        19.93,
        19.546331,
        19.347306
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 21.6,
    "trend_reference": 19.310553,
    "distance_from_trend": 0.118559,
    "trend_direction": "Weakening",
    "fair_value": 21.881684,
    "distance_from_fair_value": -0.012873,
    "fair_value_direction": "Improving",
    "relative_strength": -3.394161,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.109374,
    "excess_performance": 0.04788,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.118559,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.017099,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.012873,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.118166,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.033942,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.130169,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.109374,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.523982,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 72504,
      "relative_activity": 3.028249,
      "balance": 2.523982,
      "dry_up": 1.67928,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.06161,
      "annualized_volatility": 0.228523,
      "from_high_reference": -0.220704,
      "from_low_reference": 0.239889
    },
    "levels": {
      "trend_reference": 19.310553,
      "fair_value_reference": 21.881684,
      "structural_low": 17.420915,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 21,
        "median_return": 0.004717,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.011624,
        "regime_survival": 0.619048,
        "best_return": 0.197115,
        "worst_return": -0.12782,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.049817,
        "positive_rate": 0.3,
        "directional_follow_through": 0.3,
        "median_excess_return": -0.003495,
        "regime_survival": 0.5,
        "best_return": 0.168269,
        "worst_return": -0.096491,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.041609,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.012985,
        "regime_survival": 0.5,
        "best_return": 0.408992,
        "worst_return": -0.140086,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.085499,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.1229,
        "regime_survival": 0.25,
        "best_return": 0.164201,
        "worst_return": -0.215572,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-22",
        "end": "2023-12-29",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-01-05",
        "end": "2024-01-19",
        "tenure": "New",
        "return": 0.004032,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-26",
        "end": "2024-02-23",
        "tenure": "Developing",
        "return": -0.021277,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-03-22",
        "tenure": "New",
        "return": 0.08,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-29",
        "end": "2024-06-28",
        "tenure": "Established",
        "return": 0.149814,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-05",
        "end": "2024-10-04",
        "tenure": "Established",
        "return": -0.086207,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-11",
        "end": "2025-01-31",
        "tenure": "Established",
        "return": 0.020962,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.089808,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": -0.03238,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Developing",
        "return": 0.038647,
        "active": false
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      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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        "end": "2026-05-01",
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      },
      {
        "regime": "balance",
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        "return": 0.133858,
        "active": true
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    ],
    "chart_path": [
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 28966.25,
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        "relative_strength": -18.666651,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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        "relative_strength": -16.411024,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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      },
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        "date": "2026-05-15",
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        "typical_volume": 29579.7,
        "trend": 19.802813,
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        "relative_strength": -16.640597,
        "stage": 4,
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        "modifier": "Balance after decline",
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        "energy": 17.267902,
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        "date": "2026-05-22",
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        "modifier": "Balance after decline",
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      },
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        "date": "2026-06-05",
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        "activity_lines": [
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      },
      {
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        "stage": 4,
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      {
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        "energy": 12.48404,
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      },
      {
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        "relative_strength": -17.32651,
        "stage": 4,
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      },
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        "date": "2026-07-10",
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 4.658138,
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      },
      {
        "date": "2026-07-17",
        "close": 19.35,
        "volume": 42348,
        "typical_volume": 20021.95,
        "trend": 19.319431,
        "fair_value": 21.841111,
        "relative_strength": -10.794881,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.496997,
        "energy": 7.171305,
        "activity_lines": [
          19.196667,
          19.13,
          19.073971,
          19.083146
        ]
      },
      {
        "date": "2026-07-24",
        "close": 19.6,
        "volume": 18133,
        "typical_volume": 19935.8,
        "trend": 19.292845,
        "fair_value": 21.84722,
        "relative_strength": -10.471481,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.641313,
        "energy": 17.202285,
        "activity_lines": [
          19.356667,
          19.223636,
          19.137858,
          19.101248
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      },
      {
        "date": "2026-07-31",
        "close": 20.799999,
        "volume": 27840,
        "typical_volume": 20732.05,
        "trend": 19.293245,
        "fair_value": 21.862177,
        "relative_strength": -5.68291,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 39.211558,
        "energy": 44.01711,
        "activity_lines": [
          19.88,
          19.518182,
          19.310302,
          19.198483
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.6,
        "volume": 72504,
        "typical_volume": 23942.55,
        "trend": 19.310553,
        "fair_value": 21.881684,
        "relative_strength": -3.394161,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 75.379676,
        "energy": 69.271367,
        "activity_lines": [
          20.546666,
          19.93,
          19.546331,
          19.347306
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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."
    }
  }
}