{
  "ticker": {
    "uuid": "14054f4c-3e5a-4015-9f90-d701269d27a5",
    "symbol": "POLN",
    "name": "Pollen Street Group 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 82.856,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 4.719,
    "architecture_energy": 3.946,
    "architecture_maturity": 28.796,
    "architecture_confidence": 54.241,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 66.59,
        "rotation_up": 31.48,
        "upward_expansion": 29.11,
        "deceleration": 54.93,
        "rotation_down": 30.67,
        "downward_expansion": 24.44
      },
      "activity_lines": [
        849.066667,
        850.690909,
        848.765233,
        842.192038
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 842.0,
    "trend_reference": 844.985956,
    "distance_from_trend": -0.003534,
    "trend_direction": "Weakening",
    "fair_value": 747.06651,
    "distance_from_fair_value": 0.127075,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.999858,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.078434,
    "excess_performance": -0.12967,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.003534,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.029055,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.127075,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.030932,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.109999,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.037252,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.078434,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.303467,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 756500,
      "relative_activity": 2.054304,
      "balance": 0.303467,
      "dry_up": 0.903793,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.049611,
      "annualized_volatility": 0.307372,
      "from_high_reference": -0.133425,
      "from_low_reference": 0.22074
    },
    "levels": {
      "trend_reference": 844.985956,
      "fair_value_reference": 747.06651,
      "structural_low": 689.745363,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": -0.007634,
        "positive_rate": 0.352941,
        "directional_follow_through": 0.352941,
        "median_excess_return": -0.005618,
        "regime_survival": 0.647059,
        "best_return": 0.062857,
        "worst_return": -0.103789,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.026826,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.005249,
        "regime_survival": 0.166667,
        "best_return": 0.140033,
        "worst_return": -0.050053,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.031079,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.021196,
        "regime_survival": 0.0,
        "best_return": 0.186161,
        "worst_return": -0.232262,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.003404,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.147589,
        "regime_survival": 0.0,
        "best_return": 0.295381,
        "worst_return": -0.152255,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-12",
        "end": "2024-08-02",
        "tenure": "Established",
        "return": 0.023529,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": 0.035998,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-13",
        "tenure": "Developing",
        "return": 0.062857,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-03-07",
        "tenure": "Developing",
        "return": -0.049223,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.054755,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-11",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.141141,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.017812,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-24",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-28",
        "tenure": "Developing",
        "return": 0.088036,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.04,
        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-02-20",
        "tenure": "Developing",
        "return": -0.026258,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "color": "orange",
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        "end": "2026-03-06",
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        "return": -0.071605,
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      },
      {
        "regime": "downward_expansion",
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        "color": "red",
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        "end": "2026-05-08",
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        "active": false
      },
      {
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        "active": true
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      },
      {
        "date": "2026-04-10",
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      {
        "date": "2026-05-08",
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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      {
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      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 195726,
        "typical_volume": 416575.35,
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        "relative_strength": -7.73552,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.226854,
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      },
      {
        "date": "2026-07-24",
        "close": 843.0,
        "volume": 117260,
        "typical_volume": 389952.7,
        "trend": 850.762901,
        "fair_value": 744.068789,
        "relative_strength": -10.11419,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 16.422613,
        "energy": 16.142362,
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          852.2,
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      },
      {
        "date": "2026-07-31",
        "close": 858.0,
        "volume": 261805,
        "typical_volume": 366679.4,
        "trend": 847.907847,
        "fair_value": 745.602941,
        "relative_strength": -9.331242,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.566006,
        "energy": 11.632072,
        "activity_lines": [
          854.4,
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      },
      {
        "date": "2026-08-07",
        "close": 842.0,
        "volume": 756500,
        "typical_volume": 368251.2,
        "trend": 844.985956,
        "fair_value": 747.06651,
        "relative_strength": -10.999858,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 4.718602,
        "energy": 3.945751,
        "activity_lines": [
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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."
    }
  }
}