{
  "ticker": {
    "uuid": "486cd886-4110-4880-b8a8-81456f9015a9",
    "symbol": "NWG",
    "name": "NatWest 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 80.506,
    "architecture_energy": 78.676,
    "architecture_maturity": 16.254,
    "architecture_confidence": 80.871,
    "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": 8.17,
        "rotation_up": 80.42,
        "upward_expansion": 94.52,
        "deceleration": 42.92,
        "rotation_down": 11.77,
        "downward_expansion": 16.52
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 712.4,
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    "distance_from_trend": 0.153175,
    "trend_direction": "Improving",
    "fair_value": 429.128151,
    "distance_from_fair_value": 0.66011,
    "fair_value_direction": "Improving",
    "relative_strength": 9.576974,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.080805,
    "excess_performance": 0.029569,
    "evidence": [
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        "label": "Price vs Trend",
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        "value": 0.153175,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.020993,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.66011,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.196901,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.09577,
        "read": "Leading"
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      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.131765,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
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        "value": 0.080805,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.977726,
        "read": "Demand-led"
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    ],
    "volume": {
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      "dry_up": 1.175582,
      "accumulation_observations": 5,
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    "risk": {
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      "annualized_volatility": 0.349605,
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      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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      {
        "date": "2026-06-26",
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      },
      {
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        "typical_volume": 108462389.45,
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        "stage": 2,
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        "modifier": "Emerging rotation",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 109607013.2,
        "trend": 613.822392,
        "fair_value": 423.066662,
        "relative_strength": 6.138393,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "direction": 71.262759,
        "energy": 80.298635,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 110694210.5,
        "trend": 615.437751,
        "fair_value": 426.071948,
        "relative_strength": 9.169403,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.608821,
        "energy": 75.332992,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 712.4,
        "volume": 141836593,
        "typical_volume": 106749729.65,
        "trend": 617.772913,
        "fair_value": 429.128151,
        "relative_strength": 9.576974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.505798,
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        "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."
    }
  }
}