{
  "ticker": {
    "uuid": "4726c353-083c-40b0-a512-0c39dbe40cec",
    "symbol": "FID",
    "name": "Fiducian Group Ltd",
    "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": 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": -55.562,
    "architecture_energy": 42.53,
    "architecture_maturity": 81.83,
    "architecture_confidence": 87.229,
    "architecture_tenure": "Extended",
    "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": 23.82,
        "rotation_up": 26.94,
        "upward_expansion": 6.23,
        "deceleration": 56.11,
        "rotation_down": 41.88,
        "downward_expansion": 74.9
      },
      "activity_lines": [
        8.442,
        8.467636,
        8.610762,
        8.857616
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 8.47,
    "trend_reference": 9.30451,
    "distance_from_trend": -0.089689,
    "trend_direction": "Weakening",
    "fair_value": 8.414877,
    "distance_from_fair_value": 0.006551,
    "fair_value_direction": "Weakening",
    "relative_strength": -22.665507,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.165957,
    "excess_performance": -0.229663,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.089689,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.096791,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.006551,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.10485,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.226655,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.072228,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.165957,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.713986,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 120017,
      "relative_activity": 1.125868,
      "balance": 0.713986,
      "dry_up": 0.745831,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.042957,
      "annualized_volatility": 0.314653,
      "from_high_reference": -0.362671,
      "from_low_reference": 0.09009
    },
    "levels": {
      "trend_reference": 9.30451,
      "fair_value_reference": 8.414877,
      "structural_low": 7.77,
      "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": 24,
        "median_return": -0.004184,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.006083,
        "regime_survival": 0.833333,
        "best_return": 0.121377,
        "worst_return": -0.184971,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.044685,
        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.060434,
        "regime_survival": 0.625,
        "best_return": 0.098743,
        "worst_return": -0.161545,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.057608,
        "positive_rate": 0.2,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.069244,
        "regime_survival": 0.8,
        "best_return": 0.397633,
        "worst_return": -0.165957,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.082756,
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        "median_excess_return": 0.036646,
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        "worst_return": -0.151607,
        "sufficient": false
      }
    ],
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        "color": "red",
        "start": "2023-03-10",
        "end": "2023-08-25",
        "tenure": "Established",
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      {
        "regime": "balance",
        "label": "Balance",
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        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      {
        "date": "2026-04-24",
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        "date": "2026-05-08",
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      },
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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        "date": "2026-07-03",
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      },
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        "gate": "down",
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      },
      {
        "date": "2026-07-17",
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        "volume": 27784,
        "typical_volume": 108683.0,
        "trend": 9.596849,
        "fair_value": 8.355633,
        "relative_strength": -19.45557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.070542,
        "energy": 60.232253,
        "activity_lines": [
          8.474,
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          8.74419,
          9.066759
        ]
      },
      {
        "date": "2026-07-24",
        "close": 8.39,
        "volume": 92355,
        "typical_volume": 106507.6,
        "trend": 9.501875,
        "fair_value": 8.37506,
        "relative_strength": -19.936336,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.342349,
        "energy": 47.995162,
        "activity_lines": [
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          8.688,
          8.988898
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      },
      {
        "date": "2026-07-31",
        "close": 8.4,
        "volume": 77865,
        "typical_volume": 105640.5,
        "trend": 9.403002,
        "fair_value": 8.393384,
        "relative_strength": -21.285583,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.59554,
        "energy": 44.411563,
        "activity_lines": [
          8.442,
          8.483091,
          8.642238,
          8.917809
        ]
      },
      {
        "date": "2026-08-07",
        "close": 8.47,
        "volume": 120017,
        "typical_volume": 106599.55,
        "trend": 9.30451,
        "fair_value": 8.414877,
        "relative_strength": -22.665507,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.561627,
        "energy": 42.529728,
        "activity_lines": [
          8.442,
          8.467636,
          8.610762,
          8.857616
        ]
      }
    ],
    "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."
    }
  }
}