{
  "ticker": {
    "uuid": "116d9a98-c21a-4a1e-b74f-900cb37f845f",
    "symbol": "UTLI",
    "name": "UIL Finance Limited",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 48.109,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 65.986,
    "architecture_energy": 76.337,
    "architecture_maturity": 48.211,
    "architecture_confidence": 83.108,
    "architecture_tenure": "Established",
    "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": 5.93,
        "rotation_up": 66.94,
        "upward_expansion": 93.72,
        "deceleration": 43.78,
        "rotation_down": 18.8,
        "downward_expansion": 18.05
      },
      "activity_lines": [
        132.0,
        131.572727,
        130.547619,
        129.733333
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": 0.833333
    },
    "latest_close": 132.0,
    "trend_reference": 128.45,
    "distance_from_trend": 0.027637,
    "trend_direction": "Improving",
    "fair_value": 110.19391,
    "distance_from_fair_value": 0.197888,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.593378,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.047619,
    "excess_performance": -0.003616,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.027637,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.02242,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.197888,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.000856,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.035934,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.01242,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.047619,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.0,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 38531,
      "relative_activity": 1.029437,
      "balance": 5.0,
      "dry_up": 0.77135,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.008772,
      "annualized_volatility": 0.046286,
      "from_high_reference": -0.007519,
      "from_low_reference": 0.1
    },
    "levels": {
      "trend_reference": 128.45,
      "fair_value_reference": 110.19391,
      "structural_low": 125.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.004184,
        "positive_rate": 0.68,
        "directional_follow_through": 0.68,
        "median_excess_return": -0.005798,
        "regime_survival": 0.8,
        "best_return": 0.089552,
        "worst_return": -0.035556,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "regime_survival": 0.625,
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        "worst_return": -0.025907,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.07398,
        "sufficient": false
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        "worst_return": -0.02551,
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        "regime": "rotation_up",
        "label": "Rotation Up",
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      },
      {
        "date": "2026-05-08",
        "close": 128.5,
        "volume": 37761,
        "typical_volume": 50559.35,
        "trend": 124.966667,
        "fair_value": 107.195513,
        "relative_strength": -2.351354,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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      },
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        "date": "2026-05-15",
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        "fair_value": 107.394231,
        "relative_strength": -1.820517,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.241028,
        "energy": 33.248136,
        "activity_lines": [
          128.6,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 51233.65,
        "trend": 125.433333,
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        "relative_strength": -3.790386,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.979998,
        "energy": 32.083664,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 52365.75,
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        "relative_strength": -3.101294,
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        "regime": "upward_expansion",
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -2.566408,
        "stage": 3,
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        "energy": 32.62994,
        "activity_lines": [
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      {
        "date": "2026-06-12",
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        "trend": 126.166667,
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        "relative_strength": -3.36642,
        "stage": 3,
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        "modifier": "Established expansion",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "volume": 93500,
        "typical_volume": 40846.35,
        "trend": 126.75,
        "fair_value": 108.682692,
        "relative_strength": -1.534042,
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        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 76.853851,
        "energy": 59.913539,
        "activity_lines": [
          129.966667,
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          128.869048,
          128.046237
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      },
      {
        "date": "2026-07-03",
        "close": 131.0,
        "volume": 0,
        "typical_volume": 38316.45,
        "trend": 127.0,
        "fair_value": 108.910256,
        "relative_strength": -3.308866,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 65.21666,
        "activity_lines": [
          130.433333,
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          128.32043
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      },
      {
        "date": "2026-07-10",
        "close": 132.0,
        "volume": 66023,
        "typical_volume": 40413.4,
        "trend": 127.366667,
        "fair_value": 109.160256,
        "relative_strength": -0.773842,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.07848,
        "energy": 80.904382,
        "activity_lines": [
          131.1,
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          129.457143,
          128.643011
        ]
      },
      {
        "date": "2026-07-17",
        "close": 132.0,
        "volume": 19506,
        "typical_volume": 41138.7,
        "trend": 127.65,
        "fair_value": 109.407051,
        "relative_strength": -1.605637,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.958908,
        "energy": 84.589077,
        "activity_lines": [
          131.566667,
          130.690909,
          129.761905,
          128.941935
        ]
      },
      {
        "date": "2026-07-24",
        "close": 132.0,
        "volume": 13803,
        "typical_volume": 41447.45,
        "trend": 127.916667,
        "fair_value": 109.666667,
        "relative_strength": -2.673985,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.157095,
        "energy": 84.967383,
        "activity_lines": [
          131.833333,
          131.045455,
          130.047619,
          129.222581
        ]
      },
      {
        "date": "2026-07-31",
        "close": 132.0,
        "volume": 43644,
        "typical_volume": 38547.8,
        "trend": 128.166667,
        "fair_value": 109.927885,
        "relative_strength": -3.606692,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.591735,
        "energy": 80.160692,
        "activity_lines": [
          131.933333,
          131.336364,
          130.307143,
          129.486022
        ]
      },
      {
        "date": "2026-08-07",
        "close": 132.0,
        "volume": 38531,
        "typical_volume": 37429.2,
        "trend": 128.45,
        "fair_value": 110.19391,
        "relative_strength": -3.593378,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.986302,
        "energy": 76.337493,
        "activity_lines": [
          132.0,
          131.572727,
          130.547619,
          129.733333
        ]
      }
    ],
    "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."
    }
  }
}