{
  "ticker": {
    "uuid": "f8656f91-2b20-4b54-ab83-c99f4d5136d6",
    "symbol": "DYVOX",
    "name": "Dynavox Group 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": 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": -33.424,
    "architecture_energy": 24.252,
    "architecture_maturity": 100.0,
    "architecture_confidence": 67.764,
    "architecture_tenure": "Extended",
    "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": 45.39,
        "rotation_up": 31.01,
        "upward_expansion": 20.07,
        "deceleration": 46.77,
        "rotation_down": 20.29,
        "downward_expansion": 54.07
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 73.800003,
    "trend_reference": 80.040012,
    "distance_from_trend": -0.077961,
    "trend_direction": "Weakening",
    "fair_value": 70.640602,
    "distance_from_fair_value": 0.044725,
    "fair_value_direction": "Weakening",
    "relative_strength": -28.702305,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.195218,
    "excess_performance": -0.256713,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.077961,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.106471,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.044725,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.203477,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.287023,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.025582,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.195218,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.205684,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.844255,
      "balance": 1.205684,
      "dry_up": 1.287075,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.097769,
      "annualized_volatility": 0.518286,
      "from_high_reference": -0.436286,
      "from_low_reference": 0.29021
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    "levels": {
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      "fair_value_reference": 70.640602,
      "structural_low": 57.200001,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 8,
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        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
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        "worst_return": -0.285802,
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        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-17",
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        "trend": 82.844614,
        "fair_value": 69.8402,
        "relative_strength": -35.449736,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 69.646288,
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          64.243333,
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          73.587722,
          77.230695
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      },
      {
        "date": "2026-07-24",
        "close": 73.400002,
        "volume": 4063854,
        "typical_volume": 1689264.65,
        "trend": 81.855153,
        "fair_value": 70.103618,
        "relative_strength": -28.971189,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.600428,
        "energy": 37.419535,
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          67.576667,
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          73.157346,
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      },
      {
        "date": "2026-07-31",
        "close": 71.800003,
        "volume": 1642296,
        "typical_volume": 1634710.8,
        "trend": 80.983005,
        "fair_value": 70.364425,
        "relative_strength": -30.394367,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.965992,
        "energy": 28.421746,
        "activity_lines": [
          69.693334,
          67.89091,
          72.621031,
          75.972646
        ]
      },
      {
        "date": "2026-08-07",
        "close": 73.800003,
        "volume": 1359662,
        "typical_volume": 1610487.95,
        "trend": 80.040012,
        "fair_value": 70.640602,
        "relative_strength": -28.702305,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.423962,
        "energy": 24.252044,
        "activity_lines": [
          71.563335,
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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."
    }
  }
}