{
  "ticker": {
    "uuid": "1f37238b-5444-4796-a67f-65d47bfd7adb",
    "symbol": "W1PP34",
    "name": "WPP plc",
    "exchange": "SAO",
    "country": "BR",
    "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": "^BVSP",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 90.65,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 66.999,
    "architecture_energy": 84.639,
    "architecture_maturity": 22.0,
    "architecture_confidence": 80.976,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 26.23,
        "rotation_up": 79.1,
        "upward_expansion": 66.24,
        "deceleration": 23.67,
        "rotation_down": 18.73,
        "downward_expansion": 29.24
      },
      "activity_lines": [
        22.32,
        20.424546,
        19.215522,
        18.759827
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 28.02,
    "trend_reference": 18.786134,
    "distance_from_trend": 0.491526,
    "trend_direction": "Weakening",
    "fair_value": 37.115893,
    "distance_from_fair_value": -0.245067,
    "fair_value_direction": "Improving",
    "relative_strength": 24.659824,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.454829,
    "excess_performance": 0.511877,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.491526,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.053665,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.245067,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.308579,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.246598,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.682058,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.454829,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.860197,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1349,
      "relative_activity": 3.727034,
      "balance": 5.860197,
      "dry_up": 1.232905,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.063451,
      "annualized_volatility": 0.562066,
      "from_high_reference": -0.042959,
      "from_low_reference": 0.802922
    },
    "levels": {
      "trend_reference": 18.786134,
      "fair_value_reference": 37.115893,
      "structural_low": 15.541438,
      "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": 3,
        "median_return": 0.013793,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.036868,
        "regime_survival": 0.0,
        "best_return": 0.05,
        "worst_return": -0.073216,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.103448,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.087975,
        "regime_survival": 0.0,
        "best_return": 0.127421,
        "worst_return": -0.159407,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.248769,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.316129,
        "regime_survival": 0.0,
        "best_return": 0.239289,
        "worst_return": -0.250743,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.190612,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.319363,
        "regime_survival": 0.0,
        "best_return": -0.108697,
        "worst_return": -0.272527,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-01-19",
        "end": "2024-02-02",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-02-09",
        "end": "2024-04-05",
        "tenure": "Developing",
        "return": -0.01105,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-04-12",
        "end": "2024-04-19",
        "tenure": "New",
        "return": 0.05,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-26",
        "end": "2024-11-15",
        "tenure": "Extended",
        "return": 0.286278,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-11-22",
        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.013793,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-13",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": 0.01312,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-31",
        "end": "2025-02-07",
        "tenure": "New",
        "return": 0.010018,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-14",
        "end": "2025-02-21",
        "tenure": "New",
        "return": -0.024826,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-28",
        "end": "2025-03-21",
        "tenure": "New",
        "return": -0.165568,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-28",
        "end": "2026-01-02",
        "tenure": "Extended",
        "return": -0.402709,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-09",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.223387,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-13",
        "end": "2026-05-29",
        "tenure": "Established",
        "return": -0.056385,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-05",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.149055,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-08-07",
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        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 41.327206,
        "volume": 9,
        "typical_volume": 1.1,
        "trend": 49.121679,
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      },
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          16.970777,
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      },
      {
        "date": "2026-05-01",
        "close": 17.503546,
        "volume": 159,
        "typical_volume": 858.85,
        "trend": 20.683484,
        "fair_value": 39.733811,
        "relative_strength": -46.230583,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.905259,
        "energy": 37.510645,
        "activity_lines": [
          17.243226,
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      },
      {
        "date": "2026-05-08",
        "close": 17.639532,
        "volume": 158,
        "typical_volume": 848.2,
        "trend": 20.436469,
        "fair_value": 39.519198,
        "relative_strength": -43.545958,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
        "direction": -41.904518,
        "energy": 31.703908,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 17.17329,
        "volume": 426,
        "typical_volume": 863.3,
        "trend": 20.166912,
        "fair_value": 39.301596,
        "relative_strength": -41.535238,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.009938,
        "energy": 32.563403,
        "activity_lines": [
          17.415477,
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      },
      {
        "date": "2026-05-22",
        "close": 18.202909,
        "volume": 380,
        "typical_volume": 882.25,
        "trend": 19.911675,
        "fair_value": 39.090595,
        "relative_strength": -36.096411,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.739304,
        "energy": 24.640912,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 18.513737,
        "volume": 726,
        "typical_volume": 860.8,
        "trend": 19.851467,
        "fair_value": 38.91206,
        "relative_strength": -32.397698,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.836106,
        "energy": 19.871069,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 17.98,
        "volume": 111,
        "typical_volume": 863.75,
        "trend": 19.810133,
        "fair_value": 38.721552,
        "relative_strength": -30.774363,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.453432,
        "energy": 16.54332,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 18.940001,
        "volume": 500,
        "typical_volume": 878.75,
        "trend": 19.7748,
        "fair_value": 38.537196,
        "relative_strength": -26.272323,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 17.148298,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 0,
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        "relative_strength": -25.121807,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.181431,
        "energy": 18.096657,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 16.879999,
        "volume": 66,
        "typical_volume": 724.15,
        "trend": 19.528133,
        "fair_value": 38.152717,
        "relative_strength": -32.089067,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.353556,
        "energy": 16.808497,
        "activity_lines": [
          17.990249,
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          17.671541,
          18.294545
        ]
      },
      {
        "date": "2026-07-03",
        "close": 16.950001,
        "volume": 0,
        "typical_volume": 665.6,
        "trend": 19.386467,
        "fair_value": 37.955606,
        "relative_strength": -30.554924,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.797608,
        "energy": 26.702241,
        "activity_lines": [
          17.583334,
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      },
      {
        "date": "2026-07-10",
        "close": 18.75,
        "volume": 177,
        "typical_volume": 666.3,
        "trend": 19.223467,
        "fair_value": 37.770032,
        "relative_strength": -23.461017,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.764955,
        "energy": 15.875288,
        "activity_lines": [
          17.880667,
          17.982905,
          17.708788,
          18.087152
        ]
      },
      {
        "date": "2026-07-17",
        "close": 19.280001,
        "volume": 390,
        "typical_volume": 613.2,
        "trend": 19.046133,
        "fair_value": 37.587857,
        "relative_strength": -18.045918,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 7.781134,
        "energy": 9.798385,
        "activity_lines": [
          18.303334,
          18.223461,
          17.873531,
          18.090799
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.25,
        "volume": 5,
        "typical_volume": 394.7,
        "trend": 18.835133,
        "fair_value": 37.399079,
        "relative_strength": -21.073216,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.03053,
        "energy": 11.618536,
        "activity_lines": [
          18.36,
          18.246916,
          17.93956,
          18.039436
        ]
      },
      {
        "date": "2026-07-31",
        "close": 20.66,
        "volume": 41,
        "typical_volume": 317.6,
        "trend": 18.6788,
        "fair_value": 37.233896,
        "relative_strength": -11.307847,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 49.614405,
        "energy": 55.194939,
        "activity_lines": [
          19.239334,
          18.688977,
          18.236588,
          18.157169
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.02,
        "volume": 1349,
        "typical_volume": 361.95,
        "trend": 18.786134,
        "fair_value": 37.115893,
        "relative_strength": 24.659824,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 66.99923,
        "energy": 84.638607,
        "activity_lines": [
          22.32,
          20.424546,
          19.215522,
          18.759827
        ]
      }
    ],
    "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."
    }
  }
}