{
  "ticker": {
    "uuid": "5bf4348b-feba-460a-aeb9-d091f5b87243",
    "symbol": "DEC",
    "name": "Diversified Energy Company",
    "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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -56.079,
    "architecture_energy": 36.814,
    "architecture_maturity": 12.638,
    "architecture_confidence": 94.047,
    "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": 25.59,
        "rotation_up": 23.42,
        "upward_expansion": 4.8,
        "deceleration": 49.91,
        "rotation_down": 48.05,
        "downward_expansion": 78.14
      },
      "activity_lines": [
        998.066667,
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        1044.08444,
        1069.382307
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 1020.0,
    "trend_reference": 1073.053693,
    "distance_from_trend": -0.049442,
    "trend_direction": "Weakening",
    "fair_value": 1118.710945,
    "distance_from_fair_value": -0.088236,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.775294,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.046591,
    "excess_performance": -0.004644,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.049442,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.025613,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.088236,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.06275,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.127753,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.125976,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.046591,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.710941,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 454973,
      "relative_activity": 1.091404,
      "balance": 0.710941,
      "dry_up": 0.956706,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.079418,
      "annualized_volatility": 0.370176,
      "from_high_reference": -0.286575,
      "from_low_reference": 0.112393
    },
    "levels": {
      "trend_reference": 1073.053693,
      "fair_value_reference": 1118.710945,
      "structural_low": 919.615639,
      "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": 24,
        "median_return": 0.014617,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.416667,
        "median_excess_return": 0.007484,
        "regime_survival": 0.708333,
        "best_return": 0.382273,
        "worst_return": -0.232433,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": 0.100818,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.454545,
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        "regime_survival": 0.454545,
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        "worst_return": -0.316167,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "directional_follow_through": 0.285714,
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        "worst_return": -0.489055,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.577247,
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        "color": "amber",
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        "end": "2025-03-07",
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      {
        "regime": "rotation_down",
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      {
        "regime": "downward_expansion",
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        "regime": "balance",
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      {
        "regime": "upward_expansion",
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      {
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      {
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      {
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 995.0,
        "volume": 391377,
        "typical_volume": 551135.85,
        "trend": 1075.92467,
        "fair_value": 1129.590938,
        "relative_strength": -14.477405,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
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        "energy": 31.607132,
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      },
      {
        "date": "2026-07-31",
        "close": 977.0,
        "volume": 488081,
        "typical_volume": 548379.75,
        "trend": 1072.839571,
        "fair_value": 1124.07381,
        "relative_strength": -16.598287,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -63.553134,
        "energy": 47.688349,
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          990.4,
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          1052.430459,
          1072.791312
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      },
      {
        "date": "2026-08-07",
        "close": 1020.0,
        "volume": 454973,
        "typical_volume": 416869.6,
        "trend": 1073.053693,
        "fair_value": 1118.710945,
        "relative_strength": -12.775294,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.079375,
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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."
    }
  }
}