{
  "ticker": {
    "uuid": "16de4a7f-29f2-4b15-a9fb-36206eddc704",
    "symbol": "OXIG",
    "name": "Oxford Instruments 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 14.497,
    "architecture_energy": 12.152,
    "architecture_maturity": 45.9,
    "architecture_confidence": 75.207,
    "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": 53.62,
        "rotation_up": 25.2,
        "upward_expansion": 49.13,
        "deceleration": 80.73,
        "rotation_down": 32.66,
        "downward_expansion": 27.13
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 2888.0,
    "trend_reference": 2765.573677,
    "distance_from_trend": 0.044268,
    "trend_direction": "Improving",
    "fair_value": 2206.445787,
    "distance_from_fair_value": 0.308892,
    "fair_value_direction": "Weakening",
    "relative_strength": 10.84618,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.178776,
    "excess_performance": 0.12754,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.044268,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.12241,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.308892,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.051907,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.108462,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.199343,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.178776,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.56714,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1546087,
      "relative_activity": 1.597053,
      "balance": 1.56714,
      "dry_up": 1.213726,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.097099,
      "annualized_volatility": 0.350868,
      "from_high_reference": -0.118975,
      "from_low_reference": 0.717051
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    "levels": {
      "trend_reference": 2765.573677,
      "fair_value_reference": 2206.445787,
      "structural_low": 2275.0,
      "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": 6,
        "median_return": -0.079796,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.077643,
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        "worst_return": -0.110657,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.333333,
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        "worst_return": -0.139059,
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        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 2992.0,
        "volume": 1310947,
        "typical_volume": 949666.6,
        "trend": 2717.073677,
        "fair_value": 2200.50954,
        "relative_strength": 17.710569,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 2732.0,
        "volume": 1095223,
        "typical_volume": 962354.7,
        "trend": 2739.640343,
        "fair_value": 2202.961642,
        "relative_strength": 5.711706,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.955873,
        "energy": 9.326932,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 2888.0,
        "volume": 1546087,
        "typical_volume": 968087.4,
        "trend": 2765.573677,
        "fair_value": 2206.445787,
        "relative_strength": 10.84618,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.49748,
        "energy": 12.151929,
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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."
    }
  }
}