{ "ticker": { "uuid": "11fa8507-8b2d-41bf-af9a-db85b28555c9", "symbol": "N91", "name": "Ninety One Group", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 76.523, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -21.782, "architecture_energy": 12.478, "architecture_maturity": 40.188, "architecture_confidence": 58.436, "architecture_tenure": "Developing", "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": 50.59, "rotation_up": 28.54, "upward_expansion": 19.01, "deceleration": 42.31, "rotation_down": 26.34, "downward_expansion": 55.34 }, "activity_lines": [ 216.363493, 213.632667, 215.093932, 218.371731 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 223.2, "trend_reference": 224.279097, "distance_from_trend": -0.004811, "trend_direction": "Weakening", "fair_value": 183.27674, "distance_from_fair_value": 0.21783, "fair_value_direction": "Weakening", "relative_strength": -5.55291, "relative_strength_direction": "Weakening", "price_momentum": -0.062185, "excess_performance": -0.11342, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004811, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003523, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.21783, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.001078, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.055529, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.043877, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.062185, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.780758, "read": "Demand-led" } ], "volume": { "latest": 8692411, "relative_activity": 2.37014, "balance": 1.780758, "dry_up": 1.557151, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.069229, "annualized_volatility": 0.242075, "from_high_reference": -0.148741, "from_low_reference": 0.24311 }, "levels": { "trend_reference": 224.279097, "fair_value_reference": 183.27674, 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"fair_value": 182.660913, "relative_strength": -9.491644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.378875, "energy": 21.674117, "activity_lines": [ 212.205847, 212.075318, 214.989865, 219.23312 ] }, { "date": "2026-07-31", "close": 212.2, "volume": 5092991, "typical_volume": 3372688.6, "trend": 224.299097, "fair_value": 182.951808, "relative_strength": -9.987689, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.027757, "energy": 16.799453, "activity_lines": [ 212.81856, 211.730356, 214.487137, 218.44264 ] }, { "date": "2026-08-07", "close": 223.2, "volume": 8692411, "typical_volume": 3667468.05, "trend": 224.279097, "fair_value": 183.27674, "relative_strength": -5.55291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.781879, "energy": 12.477917, "activity_lines": [ 216.363493, 213.632667, 215.093932, 218.371731 ] } ], "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." } } }