{
  "ticker": {
    "uuid": "d98beb0c-1bf9-428d-895d-f25db4941f22",
    "symbol": "SWEC-A",
    "name": "Sweco 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": 91.925,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -29.569,
    "architecture_energy": 12.216,
    "architecture_maturity": 75.371,
    "architecture_confidence": 62.482,
    "architecture_tenure": "Extended",
    "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": 50.07,
        "rotation_up": 23.85,
        "upward_expansion": 18.1,
        "deceleration": 37.13,
        "rotation_down": 31.72,
        "downward_expansion": 54.43
      },
      "activity_lines": [
        133.7,
        133.336364,
        133.890681,
        134.503274
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 134.0,
    "trend_reference": 136.102692,
    "distance_from_trend": -0.015449,
    "trend_direction": "Weakening",
    "fair_value": 141.523445,
    "distance_from_fair_value": -0.05316,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.616695,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.078458,
    "excess_performance": -0.139952,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.015449,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.042038,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.05316,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.016832,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.176167,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.016647,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.078458,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.413626,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5256,
      "relative_activity": 0.748308,
      "balance": 1.413626,
      "dry_up": 0.791055,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.061998,
      "annualized_volatility": 0.31912,
      "from_high_reference": -0.235043,
      "from_low_reference": 0.076939
    },
    "levels": {
      "trend_reference": 136.102692,
      "fair_value_reference": 141.523445,
      "structural_low": 124.426709,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 26,
        "median_return": -0.011098,
        "positive_rate": 0.384615,
        "directional_follow_through": 0.615385,
        "median_excess_return": 0.004424,
        "regime_survival": 0.807692,
        "best_return": 0.229885,
        "worst_return": -0.137615,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.062842,
        "positive_rate": 0.3,
        "directional_follow_through": 0.7,
        "median_excess_return": -0.087751,
        "regime_survival": 0.5,
        "best_return": 0.433823,
        "worst_return": -0.12987,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.175758,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.367988,
        "sufficient": false
      }
    ],
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        "regime": "rotation_up",
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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      {
        "regime": "balance",
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        "trend": 145.963723,
        "fair_value": 139.441414,
        "relative_strength": -15.510311,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 18.601109,
        "activity_lines": [
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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": -19.281436,
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        "energy": 19.028404,
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      },
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        "date": "2026-05-15",
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        "volume": 3968,
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        "relative_strength": -21.593308,
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        "modifier": "Established contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 8932.75,
        "trend": 142.988186,
        "fair_value": 139.727155,
        "relative_strength": -20.417905,
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        "energy": 37.528996,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 139.0,
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        "date": "2026-06-05",
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        "fair_value": 139.949164,
        "relative_strength": -17.555581,
        "stage": 4,
        "regime": "downward_expansion",
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        "date": "2026-06-12",
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        "trend": 140.583495,
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        "regime": "downward_expansion",
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        "gate": "down",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -22.666078,
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        "gate": "down",
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        "energy": 36.501157,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 7031.6,
        "trend": 138.233821,
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        "relative_strength": -16.398064,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.419353,
        "energy": 23.21107,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 4459,
        "typical_volume": 6708.35,
        "trend": 137.656752,
        "fair_value": 140.696846,
        "relative_strength": -17.558782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.621656,
        "energy": 28.373952,
        "activity_lines": [
          132.4,
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      },
      {
        "date": "2026-07-17",
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        "volume": 11066,
        "typical_volume": 7086.15,
        "trend": 137.261008,
        "fair_value": 140.914439,
        "relative_strength": -14.331948,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.333962,
        "energy": 21.085086,
        "activity_lines": [
          133.3,
          133.345455,
          134.102722,
          135.152206
        ]
      },
      {
        "date": "2026-07-24",
        "close": 132.5,
        "volume": 2599,
        "typical_volume": 6987.25,
        "trend": 136.830726,
        "fair_value": 141.10705,
        "relative_strength": -16.825506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.180714,
        "energy": 14.959418,
        "activity_lines": [
          133.3,
          133.218182,
          133.918765,
          134.845044
        ]
      },
      {
        "date": "2026-07-31",
        "close": 134.0,
        "volume": 3304,
        "typical_volume": 7038.6,
        "trend": 136.466709,
        "fair_value": 141.318233,
        "relative_strength": -16.54613,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.353107,
        "energy": 12.683714,
        "activity_lines": [
          133.8,
          133.281818,
          133.901957,
          134.662417
        ]
      },
      {
        "date": "2026-08-07",
        "close": 134.0,
        "volume": 5256,
        "typical_volume": 7023.85,
        "trend": 136.102692,
        "fair_value": 141.523445,
        "relative_strength": -17.616695,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.569395,
        "energy": 12.216061,
        "activity_lines": [
          133.7,
          133.336364,
          133.890681,
          134.503274
        ]
      }
    ],
    "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."
    }
  }
}