{
  "ticker": {
    "uuid": "52eb2a31-8b48-4197-afa8-cd529dcbab1f",
    "symbol": "WRKS",
    "name": "TheWorks.co.uk 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 68.478,
    "architecture_energy": 65.784,
    "architecture_maturity": 82.694,
    "architecture_confidence": 95.339,
    "architecture_tenure": "Established",
    "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": 2.94,
        "rotation_up": 67.21,
        "upward_expansion": 90.0,
        "deceleration": 62.92,
        "rotation_down": 22.68,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        0.807267,
        0.779709,
        0.692414,
        0.620318
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 0.808,
    "trend_reference": 0.52795,
    "distance_from_trend": 0.530448,
    "trend_direction": "Improving",
    "fair_value": 0.352234,
    "distance_from_fair_value": 1.29393,
    "fair_value_direction": "Improving",
    "relative_strength": 54.26748,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.509317,
    "excess_performance": 1.458081,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.530448,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.326341,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.29393,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.885965,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.542675,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.573825,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.509317,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.602267,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 705883,
      "relative_activity": 1.298003,
      "balance": 6.602267,
      "dry_up": 1.735051,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.094726,
      "annualized_volatility": 0.458409,
      "from_high_reference": -0.038095,
      "from_low_reference": 1.786207
    },
    "levels": {
      "trend_reference": 0.52795,
      "fair_value_reference": 0.352234,
      "structural_low": 0.306,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": -0.008291,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.015548,
        "regime_survival": 0.666667,
        "best_return": 0.567358,
        "worst_return": -0.301746,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.075,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.088573,
        "regime_survival": 0.2,
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        "worst_return": -0.325729,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.206105,
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        "regime_survival": 0.0,
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        "worst_return": -0.574468,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "positive_rate": 0.333333,
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        "best_return": 0.541451,
        "worst_return": -0.48998,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2023-12-01",
        "tenure": "New",
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        "regime": "rotation_down",
        "label": "Rotation Down",
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      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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        "active": false
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      {
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      {
        "regime": "balance",
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        "regime": "rotation_up",
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        "active": false
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        "regime": "upward_expansion",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 460205.4,
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        "relative_strength": 56.787898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.896142,
        "energy": 71.255022,
        "activity_lines": [
          0.761867,
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          0.622331,
          0.558506
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      },
      {
        "date": "2026-07-24",
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        "volume": 2313519,
        "typical_volume": 549718.75,
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        "fair_value": 0.345913,
        "relative_strength": 62.813624,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 83.188699,
        "energy": 72.778098,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 0.81,
        "volume": 310004,
        "typical_volume": 552126.75,
        "trend": 0.51245,
        "fair_value": 0.349083,
        "relative_strength": 56.29278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.919546,
        "energy": 68.071729,
        "activity_lines": [
          0.800933,
          0.765745,
          0.671879,
          0.601251
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.808,
        "volume": 705883,
        "typical_volume": 543822.45,
        "trend": 0.52795,
        "fair_value": 0.352234,
        "relative_strength": 54.26748,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.477937,
        "energy": 65.784227,
        "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."
    }
  }
}