{
  "ticker": {
    "uuid": "50a26410-9056-42fd-88f2-882c7a84ad5e",
    "symbol": "RNK",
    "name": "The Rank 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 56.231,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 35.937,
    "architecture_energy": 14.161,
    "architecture_maturity": 39.097,
    "architecture_confidence": 49.364,
    "architecture_tenure": "Established",
    "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": 53.22,
        "rotation_up": 34.65,
        "upward_expansion": 56.35,
        "deceleration": 60.47,
        "rotation_down": 27.88,
        "downward_expansion": 20.35
      },
      "activity_lines": [
        0.978933,
        0.975873,
        0.980681,
        0.972155
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": -0.5
    },
    "latest_close": 1.028,
    "trend_reference": 0.958993,
    "distance_from_trend": 0.071958,
    "trend_direction": "Weakening",
    "fair_value": 0.908139,
    "distance_from_fair_value": 0.131985,
    "fair_value_direction": "Improving",
    "relative_strength": -10.731325,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.138291,
    "excess_performance": 0.087056,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.071958,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.021446,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.131985,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.023009,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.107313,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.075749,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.138291,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.212747,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1996159,
      "relative_activity": 1.044359,
      "balance": 2.212747,
      "dry_up": 1.216882,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.087356,
      "annualized_volatility": 0.403654,
      "from_high_reference": -0.306195,
      "from_low_reference": 0.201457
    },
    "levels": {
      "trend_reference": 0.958993,
      "fair_value_reference": 0.908139,
      "structural_low": 0.86,
      "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": 20,
        "median_return": -0.014655,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.002349,
        "regime_survival": 0.65,
        "best_return": 0.472155,
        "worst_return": -0.136087,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.05547,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.081356,
        "regime_survival": 0.375,
        "best_return": 0.589421,
        "worst_return": -0.259091,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.108572,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.159597,
        "regime_survival": 0.0,
        "best_return": 0.697734,
        "worst_return": -0.447637,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.218406,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.01623,
        "regime_survival": 0.0,
        "best_return": 0.222246,
        "worst_return": -0.505714,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-26",
        "end": "2024-05-10",
        "tenure": "New",
        "return": 0.222222,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-17",
        "end": "2024-06-14",
        "tenure": "Developing",
        "return": -0.234177,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-21",
        "end": "2024-06-28",
        "tenure": "New",
        "return": -0.042253,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-05",
        "end": "2024-07-12",
        "tenure": "New",
        "return": 0.073965,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-07-19",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": 0.091954,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-23",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.178911,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2024-12-20",
        "tenure": "Developing",
        "return": -0.020834,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-27",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 0.007341,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.196474,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-22",
        "tenure": "Established",
        "return": 0.153976,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.107205,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
        "return": -0.070299,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-05",
        "end": "2026-04-17",
        "tenure": "Established",
        "return": 0.043258,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.01581,
        "active": true
      }
    ],
    "chart_path": [
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      },
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        "date": "2026-04-17",
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      {
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      },
      {
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      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 3574379,
        "typical_volume": 2022347.5,
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        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 10.585028,
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          0.956867,
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          0.977895,
          0.968021
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.942,
        "volume": 1758223,
        "typical_volume": 1967808.3,
        "trend": 0.957283,
        "fair_value": 0.906795,
        "relative_strength": -19.033771,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -12.791763,
        "energy": 16.615067,
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          0.9484,
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          0.975405,
          0.966917
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.968,
        "volume": 1974897,
        "typical_volume": 1980631.05,
        "trend": 0.957533,
        "fair_value": 0.907226,
        "relative_strength": -16.655549,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -9.463563,
        "energy": 14.534177,
        "activity_lines": [
          0.951667,
          0.966764,
          0.9753,
          0.967608
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.028,
        "volume": 1996159,
        "typical_volume": 1911372.7,
        "trend": 0.958993,
        "fair_value": 0.908139,
        "relative_strength": -10.731325,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 35.937226,
        "energy": 14.160751,
        "activity_lines": [
          0.978933,
          0.975873,
          0.980681,
          0.972155
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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."
    }
  }
}