{
  "ticker": {
    "uuid": "1fd5803b-61d8-4b9c-b58c-424edc52f129",
    "symbol": "FPR",
    "name": "FleetPartners Group Limited",
    "exchange": "ASX",
    "country": "AU",
    "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": "^AXJO",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 90.887,
    "architecture_energy": 70.616,
    "architecture_maturity": 30.0,
    "architecture_confidence": 84.529,
    "architecture_tenure": "Developing",
    "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": 20.95,
        "rotation_up": 67.11,
        "upward_expansion": 82.95,
        "deceleration": 56.5,
        "rotation_down": 17.29,
        "downward_expansion": 11.95
      },
      "activity_lines": [
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        2.75233
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 3.47,
    "trend_reference": 2.663343,
    "distance_from_trend": 0.302874,
    "trend_direction": "Improving",
    "fair_value": 2.74861,
    "distance_from_fair_value": 0.262456,
    "fair_value_direction": "Improving",
    "relative_strength": 24.059057,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.365871,
    "excess_performance": 0.302165,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.302874,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.025852,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.262456,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.269446,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.240591,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.219543,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.365871,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.213067,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4573628,
      "relative_activity": 3.596251,
      "balance": 2.213067,
      "dry_up": 1.775486,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.048203,
      "annualized_volatility": 0.460306,
      "from_high_reference": -0.002874,
      "from_low_reference": 0.630431
    },
    "levels": {
      "trend_reference": 2.663343,
      "fair_value_reference": 2.74861,
      "structural_low": 2.128271,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 21,
        "median_return": 0.013986,
        "positive_rate": 0.52381,
        "directional_follow_through": 0.52381,
        "median_excess_return": 0.019151,
        "regime_survival": 0.714286,
        "best_return": 0.178082,
        "worst_return": -0.137931,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.25,
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        "worst_return": -0.096429,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "regime_survival": 0.0,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1093688.05,
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        "energy": 68.859068,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1111586.25,
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        "fair_value": 2.739686,
        "relative_strength": 6.845235,
        "stage": 2,
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        "energy": 48.655743,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 2.83,
        "volume": 1777642,
        "typical_volume": 1124041.85,
        "trend": 2.641627,
        "fair_value": 2.742508,
        "relative_strength": 5.017395,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.339221,
        "energy": 37.042961,
        "activity_lines": [
          2.866,
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          2.777927,
          2.698887
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.47,
        "volume": 4573628,
        "typical_volume": 1271776.5,
        "trend": 2.663343,
        "fair_value": 2.74861,
        "relative_strength": 24.059057,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.886944,
        "energy": 70.615664,
        "activity_lines": [
          3.058667,
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          2.75233
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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."
    }
  }
}