{
  "ticker": {
    "uuid": "477c3e4e-5eb3-491c-b4e4-0a89275b88cf",
    "symbol": "RWS",
    "name": "RWS Holdings 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 72.329,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 79.361,
    "architecture_energy": 54.723,
    "architecture_maturity": 23.795,
    "architecture_confidence": 65.725,
    "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": 27.67,
        "rotation_up": 71.09,
        "upward_expansion": 73.59,
        "deceleration": 64.08,
        "rotation_down": 13.62,
        "downward_expansion": 9.59
      },
      "activity_lines": [
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        88.964346,
        87.12363
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 118.0,
    "trend_reference": 85.153661,
    "distance_from_trend": 0.38573,
    "trend_direction": "Improving",
    "fair_value": 142.675852,
    "distance_from_fair_value": -0.17295,
    "fair_value_direction": "Improving",
    "relative_strength": 27.690465,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.565314,
    "excess_performance": 0.514079,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.38573,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.0203,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.17295,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.204799,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.276905,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.19408,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.565314,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.805502,
        "read": "Demand-led"
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    "volume": {
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      "relative_activity": 2.594557,
      "balance": 2.805502,
      "dry_up": 1.772942,
      "accumulation_observations": 3,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.099538,
      "annualized_volatility": 0.623414,
      "from_high_reference": -0.016667,
      "from_low_reference": 0.735294
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    "levels": {
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      "structural_low": 68.0,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 6689039.35,
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        "stage": 1,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 6742715.95,
        "trend": 83.947853,
        "fair_value": 144.414669,
        "relative_strength": -8.288338,
        "stage": 1,
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        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -16.051791,
        "energy": 18.13207,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 96.35,
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        "typical_volume": 7391257.1,
        "trend": 84.341484,
        "fair_value": 143.421494,
        "relative_strength": 5.082622,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 27.090663,
        "energy": 17.029961,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 118.0,
        "volume": 20839043,
        "typical_volume": 8031830.4,
        "trend": 85.153661,
        "fair_value": 142.675852,
        "relative_strength": 27.690465,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.361058,
        "energy": 54.722628,
        "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."
    }
  }
}