{
  "ticker": {
    "uuid": "22e4a44c-b1b3-4806-bf30-2e32ca64d6eb",
    "symbol": "WEIR",
    "name": "The Weir Group 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -1.141,
    "architecture_energy": 18.323,
    "architecture_maturity": 81.379,
    "architecture_confidence": 58.203,
    "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": 62.37,
        "rotation_up": 38.27,
        "upward_expansion": 26.83,
        "deceleration": 50.08,
        "rotation_down": 17.02,
        "downward_expansion": 48.83
      },
      "activity_lines": [
        2624.133333,
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        2542.735055,
        2642.500461
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 2722.0,
    "trend_reference": 2805.408724,
    "distance_from_trend": -0.029731,
    "trend_direction": "Weakening",
    "fair_value": 2328.595015,
    "distance_from_fair_value": 0.168945,
    "fair_value_direction": "Improving",
    "relative_strength": -9.996447,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.199818,
    "excess_performance": -0.251054,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.029731,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.041607,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.168945,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.051005,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.099964,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.041626,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.199818,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.713532,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4200539,
      "relative_activity": 0.925948,
      "balance": 1.713532,
      "dry_up": 1.417019,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.057248,
      "annualized_volatility": 0.403439,
      "from_high_reference": -0.239604,
      "from_low_reference": 0.188646
    },
    "levels": {
      "trend_reference": 2805.408724,
      "fair_value_reference": 2328.595015,
      "structural_low": 2290.0,
      "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": 13,
        "median_return": 0.040925,
        "positive_rate": 0.692308,
        "directional_follow_through": 0.307692,
        "median_excess_return": 0.0042,
        "regime_survival": 0.692308,
        "best_return": 0.174223,
        "worst_return": -0.10864,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.046948,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.027324,
        "regime_survival": 0.5,
        "best_return": 0.177785,
        "worst_return": -0.079121,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.019012,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.037309,
        "regime_survival": 0.25,
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        "worst_return": -0.009533,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.04772,
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        "worst_return": -0.029811,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-30",
        "end": "2024-09-20",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-10-11",
        "tenure": "New",
        "return": -0.027217,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Established",
        "return": 0.097222,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
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        "active": false
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      {
        "regime": "balance",
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      },
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 4663202.85,
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        "fair_value": 2322.982907,
        "relative_strength": -12.72202,
        "stage": 4,
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      },
      {
        "date": "2026-08-07",
        "close": 2722.0,
        "volume": 4200539,
        "typical_volume": 4536475.3,
        "trend": 2805.408724,
        "fair_value": 2328.595015,
        "relative_strength": -9.996447,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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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."
    }
  }
}