{
  "ticker": {
    "uuid": "5a4df3f0-246b-45f1-8a4d-292f06a9ec93",
    "symbol": "EWG",
    "name": "W.A.G payment solutions 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 50.843,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -29.603,
    "architecture_energy": 15.769,
    "architecture_maturity": 18.511,
    "architecture_confidence": 84.278,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 43.58,
        "rotation_up": 26.67,
        "upward_expansion": 16.95,
        "deceleration": 34.6,
        "rotation_down": 35.71,
        "downward_expansion": 62.29
      },
      "activity_lines": [
        105.586667,
        104.663647,
        106.388387,
        107.650915
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 109.0,
    "trend_reference": 110.542047,
    "distance_from_trend": -0.01395,
    "trend_direction": "Improving",
    "fair_value": 86.391874,
    "distance_from_fair_value": 0.261693,
    "fair_value_direction": "Improving",
    "relative_strength": -4.259572,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.124498,
    "excess_performance": -0.175733,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.01395,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.010531,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.261693,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.032983,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.042596,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.053,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.124498,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.265045,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1712400,
      "relative_activity": 0.659949,
      "balance": 0.265045,
      "dry_up": 3.820649,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.083743,
      "annualized_volatility": 0.396023,
      "from_high_reference": -0.192593,
      "from_low_reference": 0.352357
    },
    "levels": {
      "trend_reference": 110.542047,
      "fair_value_reference": 86.391874,
      "structural_low": 94.599998,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 14,
        "median_return": 0.020166,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.013197,
        "regime_survival": 0.857143,
        "best_return": 0.238938,
        "worst_return": -0.128571,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.24,
        "positive_rate": 0.6,
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        "regime_survival": 0.6,
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        "worst_return": -0.166667,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.230769,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.333333,
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        "sufficient": false
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        "horizon": "Full cycle",
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        "worst_return": -0.111111,
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        "active": false
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      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "active": false
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        "end": "2025-06-13",
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        "regime": "balance",
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 1648180.55,
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      },
      {
        "date": "2026-06-05",
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        "fair_value": 85.769224,
        "relative_strength": -0.647596,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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      },
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        "stage": 3,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
        "close": 101.6,
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        "typical_volume": 1432463.35,
        "trend": 110.622047,
        "fair_value": 85.992557,
        "relative_strength": -7.059396,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
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      },
      {
        "date": "2026-07-03",
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        "volume": 57009,
        "typical_volume": 1360899.0,
        "trend": 111.088713,
        "fair_value": 86.135055,
        "relative_strength": -1.658245,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
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      },
      {
        "date": "2026-07-10",
        "close": 103.4,
        "volume": 1349425,
        "typical_volume": 1338306.95,
        "trend": 111.268714,
        "fair_value": 86.208333,
        "relative_strength": -5.471611,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
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        "energy": 40.879224,
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      },
      {
        "date": "2026-07-17",
        "close": 97.7,
        "volume": 31791081,
        "typical_volume": 2535801.8,
        "trend": 111.192047,
        "fair_value": 86.218159,
        "relative_strength": -11.45817,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -63.942727,
        "energy": 41.428161,
        "activity_lines": [
          102.319607,
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          106.71355,
          108.584859
        ]
      },
      {
        "date": "2026-07-24",
        "close": 100.0,
        "volume": 3103234,
        "typical_volume": 2643475.1,
        "trend": 111.12538,
        "fair_value": 86.231194,
        "relative_strength": -10.490144,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.949938,
        "energy": 32.747468,
        "activity_lines": [
          101.426667,
          103.032166,
          106.0004,
          107.862792
        ]
      },
      {
        "date": "2026-07-31",
        "close": 110.0,
        "volume": 3047715,
        "typical_volume": 2665149.15,
        "trend": 111.158714,
        "fair_value": 86.308331,
        "relative_strength": -2.931665,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.585777,
        "energy": 23.709322,
        "activity_lines": [
          103.953333,
          103.969867,
          106.263441,
          107.790187
        ]
      },
      {
        "date": "2026-08-07",
        "close": 109.0,
        "volume": 1712400,
        "typical_volume": 2594744.4,
        "trend": 110.542047,
        "fair_value": 86.391874,
        "relative_strength": -4.259572,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -29.60281,
        "energy": 15.768513,
        "activity_lines": [
          105.586667,
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          106.388387,
          107.650915
        ]
      }
    ],
    "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."
    }
  }
}