{
  "ticker": {
    "uuid": "4f00a68b-4d31-4ab8-b871-3ad0f3ad9046",
    "symbol": "SOM",
    "name": "Somero Enterprises, Inc.",
    "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": 91.477,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 45.704,
    "architecture_energy": 71.78,
    "architecture_maturity": 16.689,
    "architecture_confidence": 68.025,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 13.27,
        "rotation_up": 73.32,
        "upward_expansion": 63.46,
        "deceleration": 23.7,
        "rotation_down": 21.47,
        "downward_expansion": 28.79
      },
      "activity_lines": [
        224.9,
        212.609091,
        201.308637,
        199.473454
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 232.5,
    "trend_reference": 200.671874,
    "distance_from_trend": 0.158608,
    "trend_direction": "Weakening",
    "fair_value": 266.81711,
    "distance_from_fair_value": -0.128617,
    "fair_value_direction": "Improving",
    "relative_strength": 1.015466,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.07179,
    "excess_performance": 0.020555,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.158608,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.026559,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.128617,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.219964,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.010155,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.246151,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.07179,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.807973,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 324146,
      "relative_activity": 0.458972,
      "balance": 3.807973,
      "dry_up": 0.855456,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.072374,
      "annualized_volatility": 0.308389,
      "from_high_reference": -0.0507,
      "from_low_reference": 0.368109
    },
    "levels": {
      "trend_reference": 200.671874,
      "fair_value_reference": 266.81711,
      "structural_low": 169.942655,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.086046,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.04598,
        "regime_survival": 0.333333,
        "best_return": -0.007463,
        "worst_return": -0.116279,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.2131,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.206824,
        "regime_survival": 0.0,
        "best_return": -0.059702,
        "worst_return": -0.252945,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.194707,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.190819,
        "regime_survival": 0.25,
        "best_return": 0.030415,
        "worst_return": -0.301935,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.323532,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.343135,
        "regime_survival": 0.0,
        "best_return": -0.08582,
        "worst_return": -0.355077,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-30",
        "end": "2024-12-13",
        "tenure": "Established",
        "return": 0.103746,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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      {
        "regime": "rotation_up",
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      {
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        "tenure": "New",
        "return": 0.007194,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "return": -0.061372,
        "active": false
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      {
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        "active": false
      },
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-05-08",
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "energy": 14.099062,
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -18.538212,
        "stage": 4,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 684435.3,
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        "fair_value": 269.583332,
        "relative_strength": -17.597452,
        "stage": 4,
        "regime": "balance",
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      },
      {
        "date": "2026-07-17",
        "close": 208.0,
        "volume": 837491,
        "typical_volume": 707563.35,
        "trend": 199.431171,
        "fair_value": 268.646086,
        "relative_strength": -7.807326,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 5.901192,
        "energy": 10.256167,
        "activity_lines": [
          195.566667,
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          190.081098,
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      },
      {
        "date": "2026-07-24",
        "close": 230.0,
        "volume": 1029591,
        "typical_volume": 745609.55,
        "trend": 199.766978,
        "fair_value": 268.009765,
        "relative_strength": 0.949403,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 40.680662,
        "energy": 48.741452,
        "activity_lines": [
          207.4,
          200.390909,
          193.835061,
          195.437093
        ]
      },
      {
        "date": "2026-07-31",
        "close": 230.0,
        "volume": 225412,
        "typical_volume": 726216.1,
        "trend": 200.169429,
        "fair_value": 267.373445,
        "relative_strength": -0.096318,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.711498,
        "energy": 65.785021,
        "activity_lines": [
          216.766667,
          206.727273,
          197.51249,
          197.387611
        ]
      },
      {
        "date": "2026-08-07",
        "close": 232.5,
        "volume": 324146,
        "typical_volume": 706243.55,
        "trend": 200.671874,
        "fair_value": 266.81711,
        "relative_strength": 1.015466,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 45.70416,
        "energy": 71.780245,
        "activity_lines": [
          224.9,
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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."
    }
  }
}