{
  "ticker": {
    "uuid": "fbf8cb99-be4a-43e6-8352-4906a5b7fada",
    "symbol": "MIPS",
    "name": "Mips 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 73.634,
    "architecture_energy": 90.393,
    "architecture_maturity": 24.0,
    "architecture_confidence": 78.212,
    "architecture_tenure": "New",
    "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": 14.6,
        "rotation_up": 85.36,
        "upward_expansion": 100.0,
        "deceleration": 39.0,
        "rotation_down": 8.01,
        "downward_expansion": 22.0
      },
      "activity_lines": [
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        290.684477
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 398.0,
    "trend_reference": 277.312696,
    "distance_from_trend": 0.435203,
    "trend_direction": "Weakening",
    "fair_value": 372.573574,
    "distance_from_fair_value": 0.068245,
    "fair_value_direction": "Improving",
    "relative_strength": 14.147757,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.444052,
    "excess_performance": 0.382558,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.435203,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.015427,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.068245,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.355962,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.141478,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.414227,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.444052,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.892583,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 416171,
      "relative_activity": 0.828959,
      "balance": 0.892583,
      "dry_up": 1.487071,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.095129,
      "annualized_volatility": 0.674023,
      "from_high_reference": -0.113191,
      "from_low_reference": 0.948769
    },
    "levels": {
      "trend_reference": 277.312696,
      "fair_value_reference": 372.573574,
      "structural_low": 204.231458,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 17,
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        "positive_rate": 0.647059,
        "directional_follow_through": 0.647059,
        "median_excess_return": 0.02609,
        "regime_survival": 0.764706,
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        "worst_return": -0.26706,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.278021,
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        "date": "2026-04-24",
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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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        "date": "2026-05-29",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "trend": 270.802813,
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        "relative_strength": -21.006352,
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        "direction": -8.661684,
        "energy": 16.440027,
        "activity_lines": [
          269.093329,
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      },
      {
        "date": "2026-07-17",
        "close": 385.0,
        "volume": 1246854,
        "typical_volume": 520556.55,
        "trend": 271.72595,
        "fair_value": 373.562856,
        "relative_strength": 14.056051,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 59.384408,
        "energy": 67.832366,
        "activity_lines": [
          310.639996,
          282.414543,
          269.284137,
          265.74704
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      },
      {
        "date": "2026-07-24",
        "close": 389.799988,
        "volume": 541137,
        "typical_volume": 502475.7,
        "trend": 273.099901,
        "fair_value": 373.12035,
        "relative_strength": 14.406374,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 88.484981,
        "energy": 92.967251,
        "activity_lines": [
          344.039993,
          304.62545,
          281.796455,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 419.399994,
        "volume": 782117,
        "typical_volume": 499917.85,
        "trend": 275.843865,
        "fair_value": 372.912477,
        "relative_strength": 21.92899,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.058886,
        "energy": 95.789196,
        "activity_lines": [
          377.053327,
          329.792722,
          296.439611,
          282.803436
        ]
      },
      {
        "date": "2026-08-07",
        "close": 398.0,
        "volume": 416171,
        "typical_volume": 502040.3,
        "trend": 277.312696,
        "fair_value": 372.573574,
        "relative_strength": 14.147757,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.633934,
        "energy": 90.393108,
        "activity_lines": [
          391.893329,
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          308.174911,
          290.684477
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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."
    }
  }
}