{
  "ticker": {
    "uuid": "d99803b5-6189-4bad-9713-ea8955b5f598",
    "symbol": "CRAD-B",
    "name": "C-Rad 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 48.291,
    "architecture_energy": 43.292,
    "architecture_maturity": 51.621,
    "architecture_confidence": 61.496,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 25.21,
        "rotation_up": 40.73,
        "upward_expansion": 70.71,
        "deceleration": 63.92,
        "rotation_down": 26.59,
        "downward_expansion": 14.04
      },
      "activity_lines": [
        36.453333,
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        33.230523
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 35.599998,
    "trend_reference": 31.498136,
    "distance_from_trend": 0.130226,
    "trend_direction": "Improving",
    "fair_value": 34.792802,
    "distance_from_fair_value": 0.0232,
    "fair_value_direction": "Improving",
    "relative_strength": -0.483599,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.130017,
    "excess_performance": 0.068523,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.130226,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.047997,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.0232,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.038149,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.004836,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.030115,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.130017,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.734244,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 78202,
      "relative_activity": 0.924255,
      "balance": 2.734244,
      "dry_up": 0.882121,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.062662,
      "annualized_volatility": 0.518609,
      "from_high_reference": -0.08718,
      "from_low_reference": 0.451566
    },
    "levels": {
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      "fair_value_reference": 34.792802,
      "structural_low": 24.525229,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": -0.036452,
        "positive_rate": 0.307692,
        "directional_follow_through": 0.307692,
        "median_excess_return": -0.043326,
        "regime_survival": 0.692308,
        "best_return": 0.210593,
        "worst_return": -0.142708,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
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        "worst_return": -0.306402,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.305211,
        "sufficient": false
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        "horizon": "Full cycle",
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        "sufficient": false
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        "typical_volume": 115482.25,
        "trend": 30.186301,
        "fair_value": 34.248468,
        "relative_strength": -22.348251,
        "stage": 4,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 116785.8,
        "trend": 29.942046,
        "fair_value": 34.199259,
        "relative_strength": -28.763242,
        "stage": 4,
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        "energy": 33.578195,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 130982.4,
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        "relative_strength": -3.495067,
        "stage": 1,
        "regime": "rotation_up",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 134501.1,
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        "fair_value": 34.230614,
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        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 42.944748,
        "energy": 42.866054,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 135228.0,
        "trend": 30.015521,
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        "relative_strength": -3.501616,
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        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.258393,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 135650.35,
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        "relative_strength": -2.882351,
        "stage": 1,
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      },
      {
        "date": "2026-06-05",
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        "volume": 95795,
        "typical_volume": 135867.1,
        "trend": 30.147132,
        "fair_value": 34.308677,
        "relative_strength": -0.670817,
        "stage": 1,
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      },
      {
        "date": "2026-06-12",
        "close": 36.0,
        "volume": 26948,
        "typical_volume": 131311.05,
        "trend": 30.222228,
        "fair_value": 34.355392,
        "relative_strength": 3.606958,
        "stage": 2,
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 124181.9,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 6415,
        "typical_volume": 114836.55,
        "trend": 30.538794,
        "fair_value": 34.475704,
        "relative_strength": 6.665476,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.36297,
        "energy": 81.056444,
        "activity_lines": [
          36.353334,
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      },
      {
        "date": "2026-07-03",
        "close": 36.5,
        "volume": 17425,
        "typical_volume": 95040.25,
        "trend": 30.680405,
        "fair_value": 34.534572,
        "relative_strength": 2.164842,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.434565,
        "energy": 71.005529,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 35.700001,
        "volume": 70302,
        "typical_volume": 94215.0,
        "trend": 30.821935,
        "fair_value": 34.585115,
        "relative_strength": 2.511744,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.67111,
        "energy": 56.836943,
        "activity_lines": [
          36.393334,
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      },
      {
        "date": "2026-07-17",
        "close": 37.5,
        "volume": 152790,
        "typical_volume": 96579.4,
        "trend": 31.040081,
        "fair_value": 34.646558,
        "relative_strength": 9.024775,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.836843,
        "energy": 55.077468,
        "activity_lines": [
          36.740001,
          36.261819,
          33.752312,
          32.213744
        ]
      },
      {
        "date": "2026-07-24",
        "close": 37.099998,
        "volume": 43403,
        "typical_volume": 85792.45,
        "trend": 31.218308,
        "fair_value": 34.704479,
        "relative_strength": 6.486372,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.728051,
        "energy": 49.098474,
        "activity_lines": [
          36.853333,
          36.514546,
          34.302637,
          32.604706
        ]
      },
      {
        "date": "2026-07-31",
        "close": 36.700001,
        "volume": 24153,
        "typical_volume": 84607.5,
        "trend": 31.38154,
        "fair_value": 34.759515,
        "relative_strength": 4.22207,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.434318,
        "energy": 45.844646,
        "activity_lines": [
          36.82,
          36.638182,
          34.762584,
          32.958364
        ]
      },
      {
        "date": "2026-08-07",
        "close": 35.599998,
        "volume": 78202,
        "typical_volume": 84610.85,
        "trend": 31.498136,
        "fair_value": 34.792802,
        "relative_strength": -0.483599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.290713,
        "energy": 43.29159,
        "activity_lines": [
          36.453333,
          36.518182,
          35.064066,
          33.230523
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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."
    }
  }
}