{
  "ticker": {
    "uuid": "efee8713-4793-43f5-b0e0-3d900067deb3",
    "symbol": "BAHN-B",
    "name": "Bahnhof 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "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": 68.863,
    "architecture_energy": 88.482,
    "architecture_maturity": 20.579,
    "architecture_confidence": 74.225,
    "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": 17.93,
        "rotation_up": 81.3,
        "upward_expansion": 97.66,
        "deceleration": 41.83,
        "rotation_down": 8.06,
        "downward_expansion": 22.0
      },
      "activity_lines": [
        59.640001,
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        53.79319
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 59.700001,
    "trend_reference": 52.727222,
    "distance_from_trend": 0.132242,
    "trend_direction": "Improving",
    "fair_value": 47.848542,
    "distance_from_fair_value": 0.247687,
    "fair_value_direction": "Improving",
    "relative_strength": -1.695597,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.110114,
    "excess_performance": 0.04862,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.132242,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.018527,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.247687,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.119308,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.016956,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.121438,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.110114,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.146822,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 920120,
      "relative_activity": 0.881232,
      "balance": 6.146822,
      "dry_up": 1.723629,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.036749,
      "annualized_volatility": 0.273315,
      "from_high_reference": -0.072689,
      "from_low_reference": 0.270654
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    "levels": {
      "trend_reference": 52.727222,
      "fair_value_reference": 47.848542,
      "structural_low": 46.983697,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 24,
        "median_return": 0.004555,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
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        "regime_survival": 0.708333,
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        "worst_return": -0.114572,
        "sufficient": true
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        "horizon": "Intermediate",
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        "worst_return": -0.169511,
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        "horizon": "Full cycle",
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        "date": "2026-04-24",
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-29",
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      {
        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 795969.95,
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        "fair_value": 47.271315,
        "relative_strength": 0.244199,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 945935.9,
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        "fair_value": 47.415369,
        "relative_strength": 1.91062,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.378766,
        "energy": 81.345205,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 59.700001,
        "volume": 1103221,
        "typical_volume": 969989.8,
        "trend": 52.13029,
        "fair_value": 47.557701,
        "relative_strength": 0.715251,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.386293,
        "energy": 88.78446,
        "activity_lines": [
          57.94,
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          52.847257
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      },
      {
        "date": "2026-07-31",
        "close": 59.5,
        "volume": 1597061,
        "typical_volume": 1024034.3,
        "trend": 52.407754,
        "fair_value": 47.703915,
        "relative_strength": -0.572995,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.272565,
        "energy": 89.495367,
        "activity_lines": [
          59.046667,
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          54.195069,
          53.322722
        ]
      },
      {
        "date": "2026-08-07",
        "close": 59.700001,
        "volume": 920120,
        "typical_volume": 1044128.95,
        "trend": 52.727222,
        "fair_value": 47.848542,
        "relative_strength": -1.695597,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.863167,
        "energy": 88.481628,
        "activity_lines": [
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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."
    }
  }
}