{
  "ticker": {
    "uuid": "e423f8b2-839b-4ae7-ace8-7c9fd778f51b",
    "symbol": "ITECH",
    "name": "I-Tech AB",
    "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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 50.848,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 46.737,
    "architecture_energy": 37.411,
    "architecture_maturity": 65.998,
    "architecture_confidence": 59.069,
    "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": 28.08,
        "rotation_up": 39.78,
        "upward_expansion": 67.45,
        "deceleration": 82.59,
        "rotation_down": 27.01,
        "downward_expansion": 17.45
      },
      "activity_lines": [
        67.2,
        67.492728,
        65.548505,
        61.822878
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 66.599998,
    "trend_reference": 57.148636,
    "distance_from_trend": 0.165382,
    "trend_direction": "Improving",
    "fair_value": 59.407293,
    "distance_from_fair_value": 0.121074,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.28008,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.557521,
    "excess_performance": 0.496027,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.165382,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.071406,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.121074,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.017198,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.092801,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.120807,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.557521,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.487606,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 60489,
      "relative_activity": 0.791202,
      "balance": 0.487606,
      "dry_up": 0.630905,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.066843,
      "annualized_volatility": 0.360777,
      "from_high_reference": -0.454555,
      "from_low_reference": 0.609193
    },
    "levels": {
      "trend_reference": 57.148636,
      "fair_value_reference": 59.407293,
      "structural_low": 41.681432,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": -0.007407,
        "positive_rate": 0.391304,
        "directional_follow_through": 0.391304,
        "median_excess_return": -0.006585,
        "regime_survival": 0.73913,
        "best_return": 0.438596,
        "worst_return": -0.380054,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.054767,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.136192,
        "regime_survival": 0.428571,
        "best_return": 0.465517,
        "worst_return": -0.497207,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.116283,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.109802,
        "regime_survival": 0.2,
        "best_return": 0.7,
        "worst_return": -0.41779,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.104801,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.252952,
        "regime_survival": 0.333333,
        "best_return": 0.065177,
        "worst_return": -0.313115,
        "sufficient": false
      }
    ],
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        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-02-23",
        "tenure": "New",
        "return": -0.051765,
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "active": false
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        "regime": "deceleration",
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      },
      {
        "date": "2026-04-24",
        "close": 53.646458,
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        "typical_volume": 114240.85,
        "trend": 56.889435,
        "fair_value": 57.508749,
        "relative_strength": -37.565938,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -0.073474,
        "energy": 12.088019,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 109160.6,
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        "fair_value": 57.408024,
        "relative_strength": -31.672893,
        "stage": 4,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "volume": 340390,
        "typical_volume": 120704.85,
        "trend": 54.679502,
        "fair_value": 57.382783,
        "relative_strength": -21.360756,
        "stage": 1,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 66.355891,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 60.315483,
        "volume": 335743,
        "typical_volume": 134999.35,
        "trend": 53.943947,
        "fair_value": 57.32189,
        "relative_strength": -25.637581,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
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        "direction": 41.057744,
        "energy": 68.371257,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 134089.55,
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        "fair_value": 57.521885,
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        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 52.98259,
        "energy": 75.986381,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 70520,
        "typical_volume": 133908.95,
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        "relative_strength": -22.029478,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "energy": 82.255435,
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      },
      {
        "date": "2026-06-05",
        "close": 67.5,
        "volume": 24896,
        "typical_volume": 131560.6,
        "trend": 53.432236,
        "fair_value": 57.82619,
        "relative_strength": -15.522181,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.445755,
        "energy": 81.164854,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 69.0,
        "volume": 57537,
        "typical_volume": 131442.0,
        "trend": 53.528841,
        "fair_value": 58.015415,
        "relative_strength": -12.455715,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.707624,
        "energy": 86.119297,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 70.0,
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        "typical_volume": 121055.05,
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        "fair_value": 58.202674,
        "relative_strength": -11.833322,
        "stage": 1,
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 96431.55,
        "trend": 54.228061,
        "fair_value": 58.373053,
        "relative_strength": -13.879327,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.255795,
        "energy": 71.867558,
        "activity_lines": [
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          57.193155
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      },
      {
        "date": "2026-07-03",
        "close": 67.0,
        "volume": 19260,
        "typical_volume": 90888.45,
        "trend": 54.597989,
        "fair_value": 58.548859,
        "relative_strength": -15.012874,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.641308,
        "energy": 57.393152,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 67.800003,
        "volume": 26249,
        "typical_volume": 87535.0,
        "trend": 55.066505,
        "fair_value": 58.732786,
        "relative_strength": -10.921292,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.106806,
        "energy": 52.542929,
        "activity_lines": [
          67.780001,
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          62.597545,
          58.868894
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      },
      {
        "date": "2026-07-17",
        "close": 68.0,
        "volume": 33509,
        "typical_volume": 85605.45,
        "trend": 55.665914,
        "fair_value": 58.922182,
        "relative_strength": -8.153169,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.506114,
        "energy": 48.355719,
        "activity_lines": [
          67.733334,
          67.458464,
          63.556197,
          59.703313
        ]
      },
      {
        "date": "2026-07-24",
        "close": 68.0,
        "volume": 50711,
        "typical_volume": 82408.55,
        "trend": 56.206479,
        "fair_value": 59.093629,
        "relative_strength": -8.067114,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.494469,
        "energy": 45.767273,
        "activity_lines": [
          67.753334,
          67.732728,
          64.406801,
          60.499061
        ]
      },
      {
        "date": "2026-07-31",
        "close": 66.800003,
        "volume": 48227,
        "typical_volume": 80261.5,
        "trend": 56.674353,
        "fair_value": 59.24123,
        "relative_strength": -9.211428,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.634615,
        "energy": 38.826484,
        "activity_lines": [
          67.506668,
          67.649092,
          65.029003,
          61.182514
        ]
      },
      {
        "date": "2026-08-07",
        "close": 66.599998,
        "volume": 60489,
        "typical_volume": 76452.05,
        "trend": 57.148636,
        "fair_value": 59.407293,
        "relative_strength": -9.28008,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.736677,
        "energy": 37.410909,
        "activity_lines": [
          67.2,
          67.492728,
          65.548505,
          61.822878
        ]
      }
    ],
    "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."
    }
  }
}