{
  "ticker": {
    "uuid": "c3e0d501-5000-45ca-be7c-3dda1cbe655d",
    "symbol": "SFAST",
    "name": "Stenhus Fastigheter i Norden 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 69.938,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 26.954,
    "architecture_energy": 13.655,
    "architecture_maturity": 30.713,
    "architecture_confidence": 81.806,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 53.73,
        "rotation_up": 24.71,
        "upward_expansion": 52.8,
        "deceleration": 87.64,
        "rotation_down": 28.51,
        "downward_expansion": 18.8
      },
      "activity_lines": [
        12.244,
        12.306545,
        12.258784,
        12.153018
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 12.12,
    "trend_reference": 11.98943,
    "distance_from_trend": 0.01089,
    "trend_direction": "Improving",
    "fair_value": 10.703777,
    "distance_from_fair_value": 0.132311,
    "fair_value_direction": "Improving",
    "relative_strength": -5.07428,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.082101,
    "excess_performance": 0.020607,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.01089,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044711,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.132311,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.039584,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.050743,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.006553,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.082101,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.917652,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 542322,
      "relative_activity": 0.455727,
      "balance": 8.917652,
      "dry_up": 0.201525,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.047042,
      "annualized_volatility": 0.253587,
      "from_high_reference": -0.084592,
      "from_low_reference": 0.225801
    },
    "levels": {
      "trend_reference": 11.98943,
      "fair_value_reference": 10.703777,
      "structural_low": 10.88437,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.02509,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.001028,
        "regime_survival": 0.454545,
        "best_return": 0.110345,
        "worst_return": -0.054101,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
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        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.026412,
        "regime_survival": 0.25,
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        "worst_return": 0.048495,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.05033,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.001781,
        "regime_survival": 0.5,
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        "worst_return": 0.034483,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "directional_follow_through": 1.0,
        "median_excess_return": -0.00399,
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        "worst_return": 0.102941,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Developing",
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      },
      {
        "regime": "rotation_up",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
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      {
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        "active": false
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      {
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      },
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1328982.0,
        "trend": 11.933961,
        "fair_value": 10.670054,
        "relative_strength": -1.664539,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 12.34,
        "volume": 108507,
        "typical_volume": 1194819.2,
        "trend": 11.969313,
        "fair_value": 10.687092,
        "relative_strength": -1.642106,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.44678,
        "energy": 16.646116,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.12,
        "volume": 542322,
        "typical_volume": 1190014.3,
        "trend": 11.98943,
        "fair_value": 10.703777,
        "relative_strength": -5.07428,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.953883,
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        "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."
    }
  }
}