{
  "ticker": {
    "uuid": "fbe7cc14-7525-46e2-b09d-32fcfcbc99aa",
    "symbol": "SHOT",
    "name": "Scandic Hotels 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 89.361,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -53.374,
    "architecture_energy": 68.885,
    "architecture_maturity": 7.97,
    "architecture_confidence": 71.55,
    "architecture_tenure": "New",
    "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": 21.56,
        "rotation_up": 8.95,
        "upward_expansion": 23.96,
        "deceleration": 40.33,
        "rotation_down": 73.96,
        "downward_expansion": 82.96
      },
      "activity_lines": [
        83.163333,
        85.239999,
        87.253811,
        87.25216
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 83.0,
    "trend_reference": 87.334432,
    "distance_from_trend": -0.04963,
    "trend_direction": "Weakening",
    "fair_value": 68.295523,
    "distance_from_fair_value": 0.215307,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.191185,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.069208,
    "excess_performance": -0.130702,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.04963,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.019537,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.215307,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.189098,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.161912,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.117445,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.069208,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.910007,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 753741,
      "relative_activity": 0.549717,
      "balance": 0.910007,
      "dry_up": 1.085771,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.044532,
      "annualized_volatility": 0.241155,
      "from_high_reference": -0.151695,
      "from_low_reference": 0.089033
    },
    "levels": {
      "trend_reference": 87.334432,
      "fair_value_reference": 68.295523,
      "structural_low": 76.214428,
      "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": 10,
        "median_return": 0.13272,
        "positive_rate": 0.7,
        "directional_follow_through": 0.2,
        "median_excess_return": 0.066001,
        "regime_survival": 0.6,
        "best_return": 0.220238,
        "worst_return": -0.118124,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.114726,
        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": 0.013595,
        "regime_survival": 0.2,
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        "worst_return": -0.035807,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.395327,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.428176,
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        "worst_return": 0.003607,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": 0.107604,
        "sufficient": false
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    ],
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        "regime": "downward_expansion",
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        "tenure": "Developing",
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      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "active": false
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        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
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      {
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      },
      {
        "date": "2026-04-17",
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        "fair_value": 63.060882,
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        "modifier": "Balance after decline",
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      },
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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        "typical_volume": 2051143.4,
        "trend": 89.045739,
        "fair_value": 64.868789,
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        "stage": 3,
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        "modifier": "Balance after decline",
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        "energy": 12.974981,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 90.75,
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        "typical_volume": 2121972.85,
        "trend": 89.074643,
        "fair_value": 65.214728,
        "relative_strength": -5.654048,
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      },
      {
        "date": "2026-06-05",
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        "fair_value": 65.529267,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 88.75,
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 66.834407,
        "relative_strength": -8.560147,
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      },
      {
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        "fair_value": 67.152887,
        "relative_strength": -9.039779,
        "stage": 3,
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        "gate": "mixed",
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        "energy": 3.764887,
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      },
      {
        "date": "2026-07-17",
        "close": 80.449997,
        "volume": 3249361,
        "typical_volume": 1538416.65,
        "trend": 88.547491,
        "fair_value": 67.415747,
        "relative_strength": -15.369089,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -42.515112,
        "energy": 39.923809,
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          86.406664,
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          88.583953,
          88.219429
        ]
      },
      {
        "date": "2026-07-24",
        "close": 81.75,
        "volume": 1116685,
        "typical_volume": 1459203.6,
        "trend": 88.103048,
        "fair_value": 67.691956,
        "relative_strength": -15.156263,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -59.797976,
        "energy": 65.213182,
        "activity_lines": [
          84.319998,
          86.670908,
          88.000767,
          87.780881
        ]
      },
      {
        "date": "2026-07-31",
        "close": 84.650002,
        "volume": 835209,
        "typical_volume": 1419794.8,
        "trend": 87.742135,
        "fair_value": 67.997966,
        "relative_strength": -13.162091,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.884957,
        "energy": 63.528491,
        "activity_lines": [
          83.823333,
          86.050908,
          87.710345,
          87.558104
        ]
      },
      {
        "date": "2026-08-07",
        "close": 83.0,
        "volume": 753741,
        "typical_volume": 1371144.25,
        "trend": 87.334432,
        "fair_value": 68.295523,
        "relative_strength": -16.191185,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.374263,
        "energy": 68.88473,
        "activity_lines": [
          83.163333,
          85.239999,
          87.253811,
          87.25216
        ]
      }
    ],
    "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."
    }
  }
}