{
  "ticker": {
    "uuid": "e73eaadd-83c1-4446-a26d-2ceaaeb7f155",
    "symbol": "ERICN",
    "name": "Telefonaktiebolaget LM Ericsson (publ)",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 16.722,
    "architecture_energy": 12.321,
    "architecture_maturity": 41.829,
    "architecture_confidence": 94.569,
    "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": 62.67,
        "rotation_up": 26.15,
        "upward_expansion": 52.63,
        "deceleration": 93.9,
        "rotation_down": 23.53,
        "downward_expansion": 23.3
      },
      "activity_lines": [
        203.106661,
        202.901814,
        207.762929,
        205.13898
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 203.899994,
    "trend_reference": 198.062441,
    "distance_from_trend": 0.029473,
    "trend_direction": "Improving",
    "fair_value": 145.37437,
    "distance_from_fair_value": 0.402586,
    "fair_value_direction": "Weakening",
    "relative_strength": 7.893178,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.233741,
    "excess_performance": 0.288408,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.029473,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.04916,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.402586,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.127885,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.078932,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.004237,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.233741,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.981424,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 3.981424,
      "dry_up": 0.038852,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.035794,
      "annualized_volatility": 0.34761,
      "from_high_reference": -0.137844,
      "from_low_reference": 0.375364
    },
    "levels": {
      "trend_reference": 198.062441,
      "fair_value_reference": 145.37437,
      "structural_low": 165.269714,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.0,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.068952,
        "regime_survival": 0.2,
        "best_return": 0.051282,
        "worst_return": -0.082159,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.071169,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.05783,
        "regime_survival": 0.0,
        "best_return": 0.138826,
        "worst_return": -0.079833,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.126916,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.045751,
        "regime_survival": 0.0,
        "best_return": 0.331644,
        "worst_return": 0.067448,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.467778,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.359569,
        "regime_survival": 0.0,
        "best_return": 0.732631,
        "worst_return": 0.202924,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-07",
        "end": "2024-06-28",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-07-05",
        "end": "2024-07-26",
        "tenure": "New",
        "return": 0.109091,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-02",
        "end": "2025-02-14",
        "tenure": "Extended",
        "return": 0.456948,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-21",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": 0.000891,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-09",
        "end": "2025-10-10",
        "tenure": "Established",
        "return": -0.061081,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-10-31",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-12-19",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-09",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
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        "label": "Rotation Down",
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        "return": 0.0,
        "active": false
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      {
        "regime": "deceleration",
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        "end": "2026-03-13",
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        "return": 0.010615,
        "active": false
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      {
        "regime": "upward_expansion",
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      {
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        "active": false
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      {
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        "fair_value": 136.047642,
        "relative_strength": 15.280423,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 93.043674,
        "energy": 76.187277,
        "activity_lines": [
          208.866667,
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          197.099797,
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      },
      {
        "date": "2026-05-22",
        "close": 224.0,
        "volume": 1063,
        "typical_volume": 167.25,
        "trend": 187.410453,
        "fair_value": 136.900461,
        "relative_strength": 19.023629,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 96.550885,
        "energy": 77.960755,
        "activity_lines": [
          214.4,
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          200.435513,
          194.022633
        ]
      },
      {
        "date": "2026-05-29",
        "close": 221.009995,
        "volume": 22,
        "typical_volume": 167.0,
        "trend": 188.781846,
        "fair_value": 137.734114,
        "relative_strength": 16.622601,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.818083,
        "energy": 73.333695,
        "activity_lines": [
          217.669998,
          212.720283,
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          196.190345
        ]
      },
      {
        "date": "2026-06-05",
        "close": 236.5,
        "volume": 0,
        "typical_volume": 167.0,
        "trend": 190.669572,
        "fair_value": 138.667061,
        "relative_strength": 28.671854,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 99.132392,
        "energy": 99.659872,
        "activity_lines": [
          225.035999,
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          199.268936
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      },
      {
        "date": "2026-06-12",
        "close": 236.5,
        "volume": 0,
        "typical_volume": 108.0,
        "trend": 192.557298,
        "fair_value": 139.600009,
        "relative_strength": 24.633628,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 94.887833,
        "energy": 98.202972,
        "activity_lines": [
          230.301999,
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      },
      {
        "date": "2026-06-19",
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        "volume": 0,
        "typical_volume": 108.0,
        "trend": 193.645025,
        "fair_value": 140.404904,
        "relative_strength": 12.164829,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.468187,
        "energy": 77.589225,
        "activity_lines": [
          225.601333,
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      },
      {
        "date": "2026-06-26",
        "close": 192.0,
        "volume": 301,
        "typical_volume": 123.05,
        "trend": 194.049418,
        "fair_value": 141.075205,
        "relative_strength": 2.01432,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": 24.866469,
        "energy": 40.778933,
        "activity_lines": [
          214.234,
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          211.520699,
          203.406233
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      },
      {
        "date": "2026-07-03",
        "close": 192.0,
        "volume": 0,
        "typical_volume": 123.05,
        "trend": 194.453811,
        "fair_value": 141.745506,
        "relative_strength": 2.188812,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -0.761506,
        "energy": 28.418785,
        "activity_lines": [
          205.0,
          212.500909,
          210.441671,
          203.274012
        ]
      },
      {
        "date": "2026-07-10",
        "close": 192.0,
        "volume": 0,
        "typical_volume": 123.05,
        "trend": 194.858204,
        "fair_value": 142.349634,
        "relative_strength": 3.008715,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": -19.882854,
        "energy": 46.017785,
        "activity_lines": [
          197.7,
          208.473454,
          209.235356,
          203.115702
        ]
      },
      {
        "date": "2026-07-17",
        "close": 203.899994,
        "volume": 13,
        "typical_volume": 123.7,
        "trend": 195.659263,
        "fair_value": 143.096217,
        "relative_strength": 8.999106,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -4.606893,
        "energy": 38.588038,
        "activity_lines": [
          197.333331,
          206.845999,
          209.035086,
          203.699043
        ]
      },
      {
        "date": "2026-07-24",
        "close": 203.899994,
        "volume": 0,
        "typical_volume": 121.5,
        "trend": 196.460322,
        "fair_value": 143.842991,
        "relative_strength": 9.196398,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -4.207827,
        "energy": 32.480919,
        "activity_lines": [
          199.139996,
          205.274907,
          208.650863,
          204.230703
        ]
      },
      {
        "date": "2026-07-31",
        "close": 203.899994,
        "volume": 0,
        "typical_volume": 83.9,
        "trend": 197.261382,
        "fair_value": 144.608681,
        "relative_strength": 8.114913,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.000871,
        "energy": 20.299669,
        "activity_lines": [
          201.519995,
          203.905633,
          208.223528,
          204.710682
        ]
      },
      {
        "date": "2026-08-07",
        "close": 203.899994,
        "volume": 0,
        "typical_volume": 83.65,
        "trend": 198.062441,
        "fair_value": 145.37437,
        "relative_strength": 7.893178,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.72203,
        "energy": 12.32069,
        "activity_lines": [
          203.106661,
          202.901814,
          207.762929,
          205.13898
        ]
      }
    ],
    "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."
    }
  }
}