{
  "ticker": {
    "uuid": "39605581-ad35-4907-abb5-cc6d9f973b57",
    "symbol": "MIDW",
    "name": "Midwich 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": -34.878,
    "architecture_energy": 20.168,
    "architecture_maturity": 79.3,
    "architecture_confidence": 73.915,
    "architecture_tenure": "Established",
    "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": 46.96,
        "rotation_up": 26.43,
        "upward_expansion": 18.74,
        "deceleration": 46.36,
        "rotation_down": 25.98,
        "downward_expansion": 55.08
      },
      "activity_lines": [
        141.573333,
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        141.080454,
        148.59849
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 144.8,
    "trend_reference": 160.789786,
    "distance_from_trend": -0.099445,
    "trend_direction": "Weakening",
    "fair_value": 275.324584,
    "distance_from_fair_value": -0.474075,
    "fair_value_direction": "Improving",
    "relative_strength": -23.414394,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.257269,
    "excess_performance": -0.323548,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.099445,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.071349,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.474075,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.037624,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.234144,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.048269,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.257269,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.30444,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1124222,
      "relative_activity": 0.842676,
      "balance": 0.30444,
      "dry_up": 0.694641,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.095192,
      "annualized_volatility": 0.528476,
      "from_high_reference": -0.396476,
      "from_low_reference": 0.13125
    },
    "levels": {
      "trend_reference": 160.789786,
      "fair_value_reference": 275.324584,
      "structural_low": 128.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 36,
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        "positive_rate": 0.527778,
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        "worst_return": -0.205628,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.25188,
        "sufficient": true
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        "date": "2026-06-05",
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        "date": "2026-06-26",
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      },
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        "date": "2026-07-03",
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-07-17",
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        "volume": 1904328,
        "typical_volume": 1575426.0,
        "trend": 164.96565,
        "fair_value": 280.765812,
        "relative_strength": -29.901998,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 48.643553,
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      },
      {
        "date": "2026-07-24",
        "close": 136.4,
        "volume": 413811,
        "typical_volume": 1578820.25,
        "trend": 163.263719,
        "fair_value": 278.861534,
        "relative_strength": -28.658326,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.249566,
        "energy": 39.720338,
        "activity_lines": [
          135.586667,
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      },
      {
        "date": "2026-07-31",
        "close": 146.4,
        "volume": 264545,
        "typical_volume": 1549532.05,
        "trend": 162.095077,
        "fair_value": 277.110992,
        "relative_strength": -23.294055,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.028719,
        "energy": 26.74128,
        "activity_lines": [
          139.36,
          137.901818,
          141.141362,
          149.714302
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      },
      {
        "date": "2026-08-07",
        "close": 144.8,
        "volume": 1124222,
        "typical_volume": 1334109.5,
        "trend": 160.789786,
        "fair_value": 275.324584,
        "relative_strength": -23.414394,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.877515,
        "energy": 20.167876,
        "activity_lines": [
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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."
    }
  }
}