{
  "ticker": {
    "uuid": "d501bbd2-1bba-42cc-b99b-05f1882f3904",
    "symbol": "KNOW",
    "name": "Knowit 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 86.518,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": 0.831,
    "architecture_energy": 16.556,
    "architecture_maturity": 87.526,
    "architecture_confidence": 58.634,
    "architecture_tenure": "Established",
    "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": 61.54,
        "rotation_up": 40.3,
        "upward_expansion": 28.76,
        "deceleration": 47.17,
        "rotation_down": 14.12,
        "downward_expansion": 46.1
      },
      "activity_lines": [
        91.553332,
        88.48,
        88.352327,
        92.065838
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 95.199997,
    "trend_reference": 98.303388,
    "distance_from_trend": -0.03157,
    "trend_direction": "Weakening",
    "fair_value": 127.073346,
    "distance_from_fair_value": -0.250826,
    "fair_value_direction": "Improving",
    "relative_strength": -18.047238,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.225915,
    "excess_performance": -0.287409,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.03157,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.075562,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.250826,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.143458,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.180472,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.173383,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.225915,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.714456,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 74239,
      "relative_activity": 0.277274,
      "balance": 1.714456,
      "dry_up": 0.545178,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.068681,
      "annualized_volatility": 0.447857,
      "from_high_reference": -0.265852,
      "from_low_reference": 0.257596
    },
    "levels": {
      "trend_reference": 98.303388,
      "fair_value_reference": 127.073346,
      "structural_low": 75.699997,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 32,
        "median_return": -0.025042,
        "positive_rate": 0.4375,
        "directional_follow_through": 0.5625,
        "median_excess_return": -0.026108,
        "regime_survival": 0.84375,
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        "worst_return": -0.138163,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.285714,
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        "horizon": "Extended",
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        "sufficient": true
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        "horizon": "Full cycle",
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        "typical_volume": 243408.75,
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        "modifier": "Supply rotation",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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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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        "volume": 347579,
        "typical_volume": 373445.7,
        "trend": 106.338583,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -26.70709,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 337708.45,
        "trend": 105.073173,
        "fair_value": 130.023894,
        "relative_strength": -25.479716,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -46.935104,
        "energy": 39.192059,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 316436.25,
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        "fair_value": 129.018991,
        "relative_strength": -32.898979,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 57.25995,
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      },
      {
        "date": "2026-07-03",
        "close": 84.599998,
        "volume": 29593,
        "typical_volume": 300712.4,
        "trend": 102.525754,
        "fair_value": 128.606667,
        "relative_strength": -29.200744,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 302042.55,
        "trend": 101.494571,
        "fair_value": 128.167652,
        "relative_strength": -28.307273,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.130642,
        "energy": 52.177833,
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      },
      {
        "date": "2026-07-17",
        "close": 89.599998,
        "volume": 171177,
        "typical_volume": 296733.85,
        "trend": 100.683495,
        "fair_value": 127.901609,
        "relative_strength": -20.885843,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.81883,
        "energy": 40.905348,
        "activity_lines": [
          84.853333,
          85.389091,
          88.323995,
          93.588173
        ]
      },
      {
        "date": "2026-07-24",
        "close": 88.300003,
        "volume": 149628,
        "typical_volume": 275245.3,
        "trend": 99.907797,
        "fair_value": 127.600424,
        "relative_strength": -22.570538,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.550032,
        "energy": 26.7913,
        "activity_lines": [
          86.426668,
          85.800001,
          87.883265,
          92.789238
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      },
      {
        "date": "2026-07-31",
        "close": 92.599998,
        "volume": 188833,
        "typical_volume": 273850.6,
        "trend": 99.104893,
        "fair_value": 127.34895,
        "relative_strength": -19.320658,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.415681,
        "energy": 20.902636,
        "activity_lines": [
          89.013333,
          86.916364,
          87.953503,
          92.317767
        ]
      },
      {
        "date": "2026-08-07",
        "close": 95.199997,
        "volume": 74239,
        "typical_volume": 267746.15,
        "trend": 98.303388,
        "fair_value": 127.073346,
        "relative_strength": -18.047238,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 0.8308,
        "energy": 16.555605,
        "activity_lines": [
          91.553332,
          88.48,
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          92.065838
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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."
    }
  }
}