{
  "ticker": {
    "uuid": "3f34d51c-4e82-4314-b5a6-cf5533376cad",
    "symbol": "BAG",
    "name": "A.G. BARR p.l.c.",
    "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": 86.948,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -42.61,
    "architecture_energy": 16.521,
    "architecture_maturity": 15.203,
    "architecture_confidence": 61.47,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 49.35,
        "rotation_up": 22.18,
        "upward_expansion": 20.33,
        "deceleration": 52.06,
        "rotation_down": 36.44,
        "downward_expansion": 52.0
      },
      "activity_lines": [
        632.0,
        635.418182,
        632.341646,
        636.143384
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": 0.166667
    },
    "latest_close": 607.0,
    "trend_reference": 642.049322,
    "distance_from_trend": -0.05459,
    "trend_direction": "Weakening",
    "fair_value": 613.304192,
    "distance_from_fair_value": -0.010279,
    "fair_value_direction": "Weakening",
    "relative_strength": -14.21619,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.092457,
    "excess_performance": -0.143692,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.05459,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.002148,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.010279,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.034747,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.142162,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.008206,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.092457,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.416682,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2533076,
      "relative_activity": 2.918037,
      "balance": 0.416682,
      "dry_up": 1.290593,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.055886,
      "annualized_volatility": 0.233979,
      "from_high_reference": -0.151225,
      "from_low_reference": 0.03056
    },
    "levels": {
      "trend_reference": 642.049322,
      "fair_value_reference": 613.304192,
      "structural_low": 589.0,
      "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": 22,
        "median_return": 0.00628,
        "positive_rate": 0.590909,
        "directional_follow_through": 0.590909,
        "median_excess_return": 0.008032,
        "regime_survival": 0.636364,
        "best_return": 0.101124,
        "worst_return": -0.06226,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.003374,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.010457,
        "regime_survival": 0.2,
        "best_return": 0.1242,
        "worst_return": -0.086751,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.071069,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.031142,
        "regime_survival": 0.166667,
        "best_return": 0.085361,
        "worst_return": -0.037519,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.058177,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.014156,
        "regime_survival": 0.25,
        "best_return": 0.369323,
        "worst_return": -0.051213,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-25",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": -0.031546,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-29",
        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.021035,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-01-03",
        "tenure": "New",
        "return": -0.034921,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.067138,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-18",
        "tenure": "Developing",
        "return": 0.104405,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-04-25",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": 0.026749,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-06-27",
        "end": "2025-07-18",
        "tenure": "New",
        "return": 0.016035,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-08-15",
        "tenure": "New",
        "return": -0.028329,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-22",
        "end": "2025-11-14",
        "tenure": "Established",
        "return": -0.049514,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-02-20",
        "tenure": "Established",
        "return": 0.089202,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.100575,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "return": 0.022617,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
        "start": "2026-07-17",
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        "tenure": "New",
        "return": -0.073282,
        "active": true
      }
    ],
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
        "close": 655.0,
        "volume": 756611,
        "typical_volume": 850831.05,
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        "fair_value": 610.591523,
        "relative_strength": -6.341179,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.697561,
        "energy": 15.906571,
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          642.733333,
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          633.485867,
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      },
      {
        "date": "2026-07-24",
        "close": 634.0,
        "volume": 635124,
        "typical_volume": 841988.8,
        "trend": 641.506026,
        "fair_value": 611.542736,
        "relative_strength": -10.009727,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 10.540069,
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          640.866667,
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      },
      {
        "date": "2026-07-31",
        "close": 650.0,
        "volume": 556517,
        "typical_volume": 835164.55,
        "trend": 642.61098,
        "fair_value": 612.542069,
        "relative_strength": -8.410222,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.387601,
        "energy": 13.43811,
        "activity_lines": [
          643.666667,
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          638.440867
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      },
      {
        "date": "2026-08-07",
        "close": 607.0,
        "volume": 2533076,
        "typical_volume": 868075.4,
        "trend": 642.049322,
        "fair_value": 613.304192,
        "relative_strength": -14.21619,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.609757,
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        "activity_lines": [
          632.0,
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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."
    }
  }
}