{ "ticker": { "uuid": "0338b6b5-2e04-495d-a99b-64d3a5d8eb8d", "symbol": "NET", "name": "Netcall plc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 82.175, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": 0.061, "architecture_energy": 5.656, "architecture_maturity": 23.291, "architecture_confidence": 53.172, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 62.39, "rotation_up": 17.08, "upward_expansion": 28.8, "deceleration": 69.59, "rotation_down": 43.04, "downward_expansion": 23.8 }, "activity_lines": [ 117.166667, 117.145455, 118.642857, 117.496774 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 118.0, "trend_reference": 117.333333, "distance_from_trend": 0.005682, "trend_direction": "Improving", "fair_value": 103.102033, "distance_from_fair_value": 0.144497, "fair_value_direction": "Weakening", "relative_strength": -7.505956, "relative_strength_direction": "Weakening", "price_momentum": -0.106061, "excess_performance": -0.172339, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.005682, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006315, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.144497, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.06461, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.07506, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.069257, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.106061, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.697814, "read": "Demand-led" } ], "volume": { "latest": 722731, "relative_activity": 0.686533, "balance": 1.697814, "dry_up": 0.97352, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.038405, "annualized_volatility": 0.335252, "from_high_reference": -0.144928, "from_low_reference": 0.253985 }, "levels": { "trend_reference": 117.333333, "fair_value_reference": 103.102033, "structural_low": 94.099998, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.003619, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.011677, "regime_survival": 0.5, "best_return": 0.197746, "worst_return": -0.134503, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.117527, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.121184, "regime_survival": 0.0, "best_return": 0.20475, "worst_return": 0.030303, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.193054, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.133368, "regime_survival": 0.0, "best_return": 0.193054, "worst_return": 0.193054, "sufficient": false }, { "horizon": "Full cycle", 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"Balance", "color": "blue", "start": "2025-10-17", "end": "2025-12-12", "tenure": "Developing", "return": 0.004444, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-12-19", "end": "2025-12-26", "tenure": "New", "return": 0.009091, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-01-16", "tenure": "New", "return": 0.067873, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": 0.024194, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": -0.105882, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.034653, "active": 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117.271983 ] }, { "date": "2026-07-24", "close": 118.0, "volume": 1520990, "typical_volume": 1126901.85, "trend": 116.849687, "fair_value": 102.896562, "relative_strength": -6.797562, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.824208, "energy": 18.964634, "activity_lines": [ 116.0, 117.536364, 118.214286, 117.363421 ] }, { "date": "2026-07-31", "close": 118.0, "volume": 512328, "typical_volume": 1080208.5, "trend": 117.083333, "fair_value": 102.999297, "relative_strength": -7.582233, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.927036, "energy": 15.787278, "activity_lines": [ 116.633333, 117.272727, 118.469048, 117.437634 ] }, { "date": "2026-08-07", "close": 118.0, "volume": 722731, "typical_volume": 1052726.2, "trend": 117.333333, "fair_value": 103.102033, "relative_strength": -7.505956, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 0.061477, "energy": 5.656347, "activity_lines": [ 117.166667, 117.145455, 118.642857, 117.496774 ] } ], "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." } } }