{
  "ticker": {
    "uuid": "e5a654ba-ff18-43a7-b272-e35b879e5315",
    "symbol": "PLEJD",
    "name": "Plejd 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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 63.164,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -33.766,
    "architecture_energy": 68.704,
    "architecture_maturity": 9.088,
    "architecture_confidence": 84.841,
    "architecture_tenure": "New",
    "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": 23.41,
        "rotation_up": 16.68,
        "upward_expansion": 32.78,
        "deceleration": 46.68,
        "rotation_down": 75.94,
        "downward_expansion": 60.11
      },
      "activity_lines": [
        870.466667,
        940.245455,
        991.807143,
        973.158065
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 857.0,
    "trend_reference": 940.316667,
    "distance_from_trend": -0.088605,
    "trend_direction": "Improving",
    "fair_value": 527.539103,
    "distance_from_fair_value": 0.624524,
    "fair_value_direction": "Weakening",
    "relative_strength": -14.666033,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.020571,
    "excess_performance": -0.082066,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.088605,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.093688,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.624524,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.703344,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.14666,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.315329,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.020571,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.120813,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 112033,
      "relative_activity": 0.972227,
      "balance": 0.120813,
      "dry_up": 1.265859,
      "accumulation_observations": 0,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.081994,
      "annualized_volatility": 0.491143,
      "from_high_reference": -0.254783,
      "from_low_reference": 0.251095
    },
    "levels": {
      "trend_reference": 940.316667,
      "fair_value_reference": 527.539103,
      "structural_low": 726.0,
      "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": 3,
        "median_return": 0.22085,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.163099,
        "regime_survival": 0.333333,
        "best_return": 0.24247,
        "worst_return": -0.034437,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.193249,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.079359,
        "regime_survival": 0.0,
        "best_return": 0.27259,
        "worst_return": 0.113907,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.180593,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.141947,
        "regime_survival": 0.0,
        "best_return": 0.430464,
        "worst_return": -0.069277,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.30241,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.124548,
        "regime_survival": 0.0,
        "best_return": -0.30241,
        "worst_return": -0.30241,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-11-29",
        "tenure": "Established",
        "return": 0.3375,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-06",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": 0.016688,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-09-05",
        "tenure": "Extended",
        "return": 0.838565,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-12",
        "end": "2025-10-03",
        "tenure": "New",
        "return": 0.088036,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-10",
        "end": "2025-10-31",
        "tenure": "New",
        "return": -0.037281,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-07",
        "end": "2025-11-21",
        "tenure": "New",
        "return": -0.055416,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-28",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": -0.050331,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-09",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": 0.223776,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-02-13",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": -0.079955,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-20",
        "end": "2026-04-03",
        "tenure": "New",
        "return": -0.006289,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-10",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.028718,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-24",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": -0.12951,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-17",
        "end": "2026-07-31",
        "tenure": "New",
        "return": -0.043938,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 155.399994,
        "volume": 76968,
        "typical_volume": 106315.25,
        "trend": 211.67,
        "fair_value": 269.925641,
        "relative_strength": -29.0691,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.381649,
        "energy": 77.341591,
        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
        "close": 151.800003,
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      },
      {
        "date": "2023-09-01",
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      },
      {
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "volume": 279451,
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        "relative_strength": -4.784563,
        "stage": 2,
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        "energy": 22.953595,
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      },
      {
        "date": "2026-07-17",
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        "volume": 164387,
        "typical_volume": 103079.45,
        "trend": 926.3,
        "fair_value": 514.334616,
        "relative_strength": -7.713836,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.111122,
        "energy": 18.011473,
        "activity_lines": [
          992.0,
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          1027.533333,
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      },
      {
        "date": "2026-07-24",
        "close": 865.0,
        "volume": 185217,
        "typical_volume": 109410.6,
        "trend": 930.833333,
        "fair_value": 518.778205,
        "relative_strength": -12.169064,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -18.648988,
        "energy": 34.933175,
        "activity_lines": [
          936.2,
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          1016.295238,
          982.830108
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      },
      {
        "date": "2026-07-31",
        "close": 859.5,
        "volume": 121840,
        "typical_volume": 111651.8,
        "trend": 935.583333,
        "fair_value": 523.173718,
        "relative_strength": -13.342127,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -38.079089,
        "energy": 49.667008,
        "activity_lines": [
          896.9,
          969.236364,
          1004.271429,
          978.227957
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      },
      {
        "date": "2026-08-07",
        "close": 857.0,
        "volume": 112033,
        "typical_volume": 115233.4,
        "trend": 940.316667,
        "fair_value": 527.539103,
        "relative_strength": -14.666033,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.765796,
        "energy": 68.703886,
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          870.466667,
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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."
    }
  }
}