{
  "ticker": {
    "uuid": "dad89d0e-a9df-40da-8573-4e6b37fc6166",
    "symbol": "ACAST",
    "name": "Acast 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": 92.154,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 34.922,
    "architecture_energy": 22.292,
    "architecture_maturity": 68.527,
    "architecture_confidence": 92.906,
    "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": 41.35,
        "rotation_up": 23.53,
        "upward_expansion": 56.14,
        "deceleration": 90.99,
        "rotation_down": 29.18,
        "downward_expansion": 19.8
      },
      "activity_lines": [
        37.040001,
        37.84,
        36.941429,
        34.857097
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 36.400002,
    "trend_reference": 32.526667,
    "distance_from_trend": 0.119082,
    "trend_direction": "Improving",
    "fair_value": 18.769744,
    "distance_from_fair_value": 0.939291,
    "fair_value_direction": "Weakening",
    "relative_strength": 10.375712,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.295374,
    "excess_performance": 0.233879,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.119082,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.057663,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.939291,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.209266,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.103757,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.212383,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.295374,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.262512,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 899581,
      "relative_activity": 0.66716,
      "balance": 1.262512,
      "dry_up": 0.834046,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.09309,
      "annualized_volatility": 0.399564,
      "from_high_reference": -0.118644,
      "from_low_reference": 1.131148
    },
    "levels": {
      "trend_reference": 32.526667,
      "fair_value_reference": 18.769744,
      "structural_low": 22.75,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": 0.022954,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.038248,
        "regime_survival": 0.428571,
        "best_return": 0.177481,
        "worst_return": -0.139535,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.277735,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.262975,
        "regime_survival": 0.0,
        "best_return": 0.88326,
        "worst_return": 0.041528,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.448238,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.365752,
        "regime_survival": 0.0,
        "best_return": 0.641717,
        "worst_return": -0.136,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.566866,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.469785,
        "regime_survival": 0.0,
        "best_return": 0.566866,
        "worst_return": 0.566866,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-18",
        "tenure": "New",
        "return": -0.108,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.121429,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.171352,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-25",
        "end": "2025-08-08",
        "tenure": "New",
        "return": 0.046667,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-15",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": -0.045842,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-10",
        "tenure": "New",
        "return": 0.079295,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-17",
        "end": "2026-01-23",
        "tenure": "Established",
        "return": 0.513253,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-30",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.122924,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "color": "orange",
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        "end": "2026-03-20",
        "tenure": "New",
        "return": 0.031373,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-27",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.076336,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": 0.041528,
        "active": false
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      {
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": 0.001372,
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      {
        "regime": "deceleration",
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        "tenure": "New",
        "return": -0.029333,
        "active": true
      }
    ],
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        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      },
      {
        "date": "2026-05-08",
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        "modifier": "Value reclamation",
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      },
      {
        "date": "2026-05-15",
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        "stage": 2,
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        "direction": 42.393656,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 2245531.9,
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        "gate": "mixed",
        "direction": 37.932399,
        "energy": 69.12571,
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      },
      {
        "date": "2026-05-29",
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        "fair_value": 16.805769,
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        "direction": 64.249806,
        "energy": 83.132934,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 2322158.4,
        "trend": 31.051666,
        "fair_value": 17.006731,
        "relative_strength": 37.389425,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 80.241068,
        "energy": 91.196781,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 2272236.0,
        "trend": 31.25,
        "fair_value": 17.192308,
        "relative_strength": 27.905277,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 66.980866,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
        "close": 38.400002,
        "volume": 241651,
        "typical_volume": 2274794.65,
        "trend": 31.663333,
        "fair_value": 17.59968,
        "relative_strength": 29.619614,
        "stage": 2,
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        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.421685,
        "energy": 59.95976,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 40.75,
        "volume": 116271,
        "typical_volume": 1884999.65,
        "trend": 31.946667,
        "fair_value": 17.814103,
        "relative_strength": 31.96504,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 74.509726,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 39.5,
        "volume": 702198,
        "typical_volume": 1766526.2,
        "trend": 32.175,
        "fair_value": 18.022372,
        "relative_strength": 29.161619,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.269176,
        "energy": 56.512641,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 37.299999,
        "volume": 695975,
        "typical_volume": 1472499.5,
        "trend": 32.278333,
        "fair_value": 18.215513,
        "relative_strength": 21.949241,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.01047,
        "energy": 47.611778,
        "activity_lines": [
          38.916667,
          38.635455,
          36.109048,
          33.995699
        ]
      },
      {
        "date": "2026-07-24",
        "close": 36.5,
        "volume": 1828852,
        "typical_volume": 1443279.2,
        "trend": 32.345,
        "fair_value": 18.403654,
        "relative_strength": 16.332851,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.931866,
        "energy": 35.018044,
        "activity_lines": [
          38.006667,
          38.351818,
          36.409048,
          34.268065
        ]
      },
      {
        "date": "2026-07-31",
        "close": 37.5,
        "volume": 1074015,
        "typical_volume": 1394710.5,
        "trend": 32.425,
        "fair_value": 18.591923,
        "relative_strength": 16.849007,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.324971,
        "energy": 25.889634,
        "activity_lines": [
          37.676666,
          38.22,
          36.756191,
          34.600645
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.400002,
        "volume": 899581,
        "typical_volume": 1348374.1,
        "trend": 32.526667,
        "fair_value": 18.769744,
        "relative_strength": 10.375712,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.922238,
        "energy": 22.292336,
        "activity_lines": [
          37.040001,
          37.84,
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          34.857097
        ]
      }
    ],
    "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."
    }
  }
}