{
  "ticker": {
    "uuid": "2a1515e5-7cc7-4ccf-bd16-562e951797ff",
    "symbol": "WPP",
    "name": "WPP PLC ADR",
    "exchange": "NYSE",
    "country": "US",
    "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": "SPY",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 78.755,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 93.565,
    "architecture_energy": 89.998,
    "architecture_maturity": 22.0,
    "architecture_confidence": 73.316,
    "architecture_tenure": "New",
    "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": 21.0,
        "rotation_up": 85.17,
        "upward_expansion": 94.85,
        "deceleration": 41.84,
        "rotation_down": 10.85,
        "downward_expansion": 21.52
      },
      "activity_lines": [
        22.095333,
        20.156364,
        19.001884,
        18.410679
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 27.55,
    "trend_reference": 18.153241,
    "distance_from_trend": 0.517635,
    "trend_direction": "Weakening",
    "fair_value": 33.606888,
    "distance_from_fair_value": -0.180228,
    "fair_value_direction": "Improving",
    "relative_strength": 23.302249,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.533576,
    "excess_performance": 0.407951,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.517635,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.023389,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.180228,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.304935,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.233022,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.532825,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.533576,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.201707,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5071680,
      "relative_activity": 1.91077,
      "balance": 1.201707,
      "dry_up": 1.023214,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.079261,
      "annualized_volatility": 0.595737,
      "from_high_reference": -0.008104,
      "from_low_reference": 0.914251
    },
    "levels": {
      "trend_reference": 18.153241,
      "fair_value_reference": 33.606888,
      "structural_low": 14.392052,
      "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": 17,
        "median_return": 0.009313,
        "positive_rate": 0.529412,
        "directional_follow_through": 0.529412,
        "median_excess_return": -0.020204,
        "regime_survival": 0.647059,
        "best_return": 0.071479,
        "worst_return": -0.11741,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.01753,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.086504,
        "regime_survival": 0.375,
        "best_return": 0.138185,
        "worst_return": -0.311905,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.10417,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.123493,
        "regime_survival": 0.0,
        "best_return": 0.058946,
        "worst_return": -0.313056,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.159875,
        "regime_survival": 0.0,
        "best_return": 0.081003,
        "worst_return": -0.34444,
        "sufficient": false
      }
    ],
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        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2024-02-16",
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      {
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        "regime": "balance",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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      {
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        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "deceleration",
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        "return": 0.0,
        "active": false
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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      {
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-04-17",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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        "trend": 18.599173,
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 2821589.25,
        "trend": 18.260012,
        "fair_value": 34.196886,
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        "stage": 4,
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        "energy": 14.390144,
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      },
      {
        "date": "2026-07-17",
        "close": 19.05,
        "volume": 1866226,
        "typical_volume": 2692141.85,
        "trend": 18.173708,
        "fair_value": 34.029027,
        "relative_strength": -13.313936,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.258609,
        "energy": 5.628086,
        "activity_lines": [
          17.935333,
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          17.607295,
          17.619592
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.75,
        "volume": 1422957,
        "typical_volume": 2627325.85,
        "trend": 18.071572,
        "fair_value": 33.851881,
        "relative_strength": -13.113508,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.344118,
        "energy": 27.727012,
        "activity_lines": [
          18.307333,
          18.054525,
          17.759013,
          17.656772
        ]
      },
      {
        "date": "2026-07-31",
        "close": 20.21,
        "volume": 2502636,
        "typical_volume": 2560848.15,
        "trend": 18.002873,
        "fair_value": 33.699914,
        "relative_strength": -6.479272,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 42.104166,
        "energy": 53.17214,
        "activity_lines": [
          19.114,
          18.456022,
          18.042752,
          17.794735
        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.55,
        "volume": 5071680,
        "typical_volume": 2654259.45,
        "trend": 18.153241,
        "fair_value": 33.606888,
        "relative_strength": 23.302249,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.565488,
        "energy": 89.998042,
        "activity_lines": [
          22.095333,
          20.156364,
          19.001884,
          18.410679
        ]
      }
    ],
    "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."
    }
  }
}