{
  "ticker": {
    "uuid": "4c20ad83-299c-4bdb-bd21-df9d690bab47",
    "symbol": "BRBY",
    "name": "Burberry 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": 74.359,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -9.054,
    "architecture_energy": 7.123,
    "architecture_maturity": 12.292,
    "architecture_confidence": 70.043,
    "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": 62.58,
        "rotation_up": 27.5,
        "upward_expansion": 31.03,
        "deceleration": 42.22,
        "rotation_down": 30.01,
        "downward_expansion": 46.37
      },
      "activity_lines": [
        1129.6,
        1115.063636,
        1123.250474,
        1123.031396
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 1164.5,
    "trend_reference": 1132.189998,
    "distance_from_trend": 0.028538,
    "trend_direction": "Weakening",
    "fair_value": 1151.370277,
    "distance_from_fair_value": 0.011404,
    "fair_value_direction": "Improving",
    "relative_strength": -8.198071,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.013136,
    "excess_performance": -0.064371,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.028538,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.033767,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.011404,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.029223,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.081981,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.056339,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.013136,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.063143,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 10147861,
      "relative_activity": 1.438937,
      "balance": 1.063143,
      "dry_up": 1.649424,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.078442,
      "annualized_volatility": 0.368495,
      "from_high_reference": -0.154014,
      "from_low_reference": 0.193135
    },
    "levels": {
      "trend_reference": 1132.189998,
      "fair_value_reference": 1151.370277,
      "structural_low": 976.0,
      "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": 15,
        "median_return": -0.02396,
        "positive_rate": 0.466667,
        "directional_follow_through": 0.466667,
        "median_excess_return": -0.030921,
        "regime_survival": 0.466667,
        "best_return": 0.155318,
        "worst_return": -0.205213,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.029774,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.005652,
        "regime_survival": 0.5,
        "best_return": 0.498509,
        "worst_return": -0.219872,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.090903,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.104491,
        "regime_survival": 0.2,
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        "worst_return": -0.125577,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.340439,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.225729,
        "regime_survival": 0.333333,
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        "worst_return": -0.192809,
        "sufficient": false
      }
    ],
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        "color": "green",
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        "end": "2025-03-07",
        "tenure": "Developing",
        "return": 0.037006,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.303101,
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": 0.075148,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      {
        "regime": "rotation_up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "color": "amber",
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        "end": "2025-11-28",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 1068.0,
        "volume": 10979390,
        "typical_volume": 6734852.6,
        "trend": 1142.173332,
        "fair_value": 1164.854092,
        "relative_strength": -15.303909,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 1187.5,
        "volume": 15640946,
        "typical_volume": 7080108.6,
        "trend": 1137.873332,
        "fair_value": 1158.333255,
        "relative_strength": -6.475099,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -29.160779,
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      },
      {
        "date": "2026-08-07",
        "close": 1164.5,
        "volume": 10147861,
        "typical_volume": 7052330.5,
        "trend": 1132.189998,
        "fair_value": 1151.370277,
        "relative_strength": -8.198071,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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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."
    }
  }
}