{
  "ticker": {
    "uuid": "d59dcd4c-a99e-4d38-a61b-cfee42299c04",
    "symbol": "ACRI-B",
    "name": "Acrinova 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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 93.721,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 3.146,
    "architecture_energy": 14.118,
    "architecture_maturity": 54.488,
    "architecture_confidence": 46.482,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 51.07,
        "rotation_up": 46.66,
        "upward_expansion": 29.63,
        "deceleration": 45.1,
        "rotation_down": 19.89,
        "downward_expansion": 29.63
      },
      "activity_lines": [
        7.936,
        7.688364,
        8.013364,
        8.122247
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 8.3,
    "trend_reference": 8.111167,
    "distance_from_trend": 0.023281,
    "trend_direction": "Improving",
    "fair_value": 6.608886,
    "distance_from_fair_value": 0.255885,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.180425,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.090056,
    "excess_performance": 0.028562,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.023281,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.002189,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.255885,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.262384,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.091804,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.133276,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.090056,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.495422,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 135153,
      "relative_activity": 0.3261,
      "balance": 0.495422,
      "dry_up": 0.278134,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.071918,
      "annualized_volatility": 0.490696,
      "from_high_reference": -0.245455,
      "from_low_reference": 0.226903
    },
    "levels": {
      "trend_reference": 8.111167,
      "fair_value_reference": 6.608886,
      "structural_low": 6.955357,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.075157,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.067676,
        "regime_survival": 0.333333,
        "best_return": 0.090395,
        "worst_return": 0.04486,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.042927,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.018029,
        "regime_survival": 0.0,
        "best_return": 0.043841,
        "worst_return": 0.042013,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.220853,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.174861,
        "regime_survival": 0.0,
        "best_return": 0.450939,
        "worst_return": -0.009234,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.077471,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.069032,
        "regime_survival": 0.0,
        "best_return": 0.077471,
        "worst_return": 0.077471,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-15",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.093248,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-10-25",
        "tenure": "Established",
        "return": 0.122448,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-01",
        "end": "2025-01-24",
        "tenure": "Established",
        "return": -0.042373,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": 0.053812,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.009091,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-04-18",
        "end": "2025-10-03",
        "tenure": "Established",
        "return": 0.229445,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-10",
        "end": "2025-10-24",
        "tenure": "New",
        "return": -0.163636,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.039666,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-02-13",
        "tenure": "Established",
        "return": 0.065,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-04-03",
        "tenure": "Developing",
        "return": 0.060185,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.025641,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-05-22",
        "tenure": "Developing",
        "return": -0.237439,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-05-29",
        "end": "2026-06-19",
        "tenure": "New",
        "return": -0.108911,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "start": "2026-06-26",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.172316,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
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      },
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      {
        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 6.486778,
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        "stage": 3,
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        "gate": "mixed",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 6.504793,
        "relative_strength": -21.335867,
        "stage": 3,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 405825.85,
        "trend": 8.092607,
        "fair_value": 6.524422,
        "relative_strength": -18.117755,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.463914,
        "energy": 54.413327,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 90418,
        "typical_volume": 403374.2,
        "trend": 8.078244,
        "fair_value": 6.54161,
        "relative_strength": -18.468545,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.180554,
        "energy": 53.411333,
        "activity_lines": [
          7.258667,
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          8.086262,
          8.128024
        ]
      },
      {
        "date": "2026-07-24",
        "close": 7.72,
        "volume": 119570,
        "typical_volume": 407919.2,
        "trend": 8.079327,
        "fair_value": 6.562239,
        "relative_strength": -13.644414,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.626992,
        "energy": 29.406135,
        "activity_lines": [
          7.42,
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          8.030922,
          8.104911
        ]
      },
      {
        "date": "2026-07-31",
        "close": 8.14,
        "volume": 115952,
        "typical_volume": 409689.85,
        "trend": 8.09197,
        "fair_value": 6.58619,
        "relative_strength": -9.72628,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -11.971653,
        "energy": 13.259013,
        "activity_lines": [
          7.686667,
          7.559636,
          8.015078,
          8.108826
        ]
      },
      {
        "date": "2026-08-07",
        "close": 8.3,
        "volume": 135153,
        "typical_volume": 414452.45,
        "trend": 8.111167,
        "fair_value": 6.608886,
        "relative_strength": -9.180425,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 3.14645,
        "energy": 14.117751,
        "activity_lines": [
          7.936,
          7.688364,
          8.013364,
          8.122247
        ]
      }
    ],
    "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."
    }
  }
}