{
  "ticker": {
    "uuid": "f478d990-1196-410a-a341-5469dc5b3d0a",
    "symbol": "ACR",
    "name": "Axactor ASA",
    "exchange": "OSL",
    "country": "NO",
    "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": "OSEBX.OL",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -50.991,
    "architecture_energy": 74.072,
    "architecture_maturity": 82.322,
    "architecture_confidence": 96,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 23.13,
        "rotation_up": 28.0,
        "upward_expansion": 35.92,
        "deceleration": 23.59,
        "rotation_down": 41.61,
        "downward_expansion": 72.26
      },
      "activity_lines": [
        4.903333,
        4.870818,
        5.043024,
        5.467946
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 4.97,
    "trend_reference": 6.147333,
    "distance_from_trend": -0.191519,
    "trend_direction": "Weakening",
    "fair_value": 5.491442,
    "distance_from_fair_value": -0.094955,
    "fair_value_direction": "Weakening",
    "relative_strength": -35.760228,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.406921,
    "excess_performance": -0.531915,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.191519,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.119945,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.094955,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.072015,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.357602,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.011396,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.406921,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.434774,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5440014,
      "relative_activity": 1.891838,
      "balance": 0.434774,
      "dry_up": 1.212338,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.038539,
      "annualized_volatility": 0.475467,
      "from_high_reference": -0.483368,
      "from_low_reference": 0.060832
    },
    "levels": {
      "trend_reference": 6.147333,
      "fair_value_reference": 5.491442,
      "structural_low": 4.685,
      "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": 37,
        "median_return": -0.014252,
        "positive_rate": 0.459459,
        "directional_follow_through": 0.540541,
        "median_excess_return": -0.006301,
        "regime_survival": 0.810811,
        "best_return": 0.171734,
        "worst_return": -0.27234,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": -0.107302,
        "positive_rate": 0.142857,
        "directional_follow_through": 0.857143,
        "median_excess_return": -0.095648,
        "regime_survival": 0.714286,
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        "worst_return": -0.260062,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": -0.141314,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
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        "regime_survival": 0.625,
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        "worst_return": -0.354054,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "best_return": 1.084848,
        "worst_return": -0.396226,
        "sufficient": false
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        "color": "red",
        "start": "2023-06-09",
        "end": "2024-04-19",
        "tenure": "Extended",
        "return": -0.126126,
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      {
        "regime": "balance",
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      {
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      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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      },
      {
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      },
      {
        "date": "2026-07-24",
        "close": 4.9,
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        "typical_volume": 2531968.45,
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        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 4.845,
        "volume": 3718670,
        "typical_volume": 2665787.3,
        "trend": 6.237667,
        "fair_value": 5.494904,
        "relative_strength": -38.07582,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.63217,
        "energy": 70.791435,
        "activity_lines": [
          4.871667,
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          5.090881,
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      },
      {
        "date": "2026-08-07",
        "close": 4.97,
        "volume": 5440014,
        "typical_volume": 2875517.35,
        "trend": 6.147333,
        "fair_value": 5.491442,
        "relative_strength": -35.760228,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.991025,
        "energy": 74.071637,
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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."
    }
  }
}