{
  "ticker": {
    "uuid": "09d1dbd1-493e-4258-9b69-b571dd158b3f",
    "symbol": "WPP",
    "name": "WPP 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 86.894,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 93.718,
    "architecture_energy": 89.888,
    "architecture_maturity": 22.0,
    "architecture_confidence": 76.137,
    "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": 21.7,
        "rotation_up": 85.22,
        "upward_expansion": 94.76,
        "deceleration": 41.84,
        "rotation_down": 10.82,
        "downward_expansion": 21.43
      },
      "activity_lines": [
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        277.695718
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 411.4,
    "trend_reference": 274.585785,
    "distance_from_trend": 0.498257,
    "trend_direction": "Weakening",
    "fair_value": 574.534957,
    "distance_from_fair_value": -0.283943,
    "fair_value_direction": "Improving",
    "relative_strength": 24.157026,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.536221,
    "excess_performance": 0.484986,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.498257,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.033565,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.283943,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.273521,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.24157,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.530772,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.536221,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.537407,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 46685688,
      "relative_activity": 2.278439,
      "balance": 4.537407,
      "dry_up": 1.387257,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.074962,
      "annualized_volatility": 0.568029,
      "from_high_reference": 0.0,
      "from_low_reference": 0.882838
    },
    "levels": {
      "trend_reference": 274.585785,
      "fair_value_reference": 574.534957,
      "structural_low": 218.5,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": -0.001843,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "worst_return": -0.112856,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "regime_survival": 0.2,
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      },
      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-31",
        "close": 298.7,
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        "typical_volume": 20391395.6,
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        "relative_strength": -9.732849,
        "stage": 1,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 39.525088,
        "energy": 45.857311,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 411.4,
        "volume": 46685688,
        "typical_volume": 20490207.0,
        "trend": 274.585785,
        "fair_value": 574.534957,
        "relative_strength": 24.157026,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.718066,
        "energy": 89.887705,
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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."
    }
  }
}