{
  "ticker": {
    "uuid": "5c8574f3-e19d-4a77-bbd9-2144e033882b",
    "symbol": "TTG",
    "name": "TT Electronics 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 56.501,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.486,
    "architecture_energy": 75.626,
    "architecture_maturity": 16.557,
    "architecture_confidence": 74.104,
    "architecture_tenure": "New",
    "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": 29.87,
        "rotation_up": 75.65,
        "upward_expansion": 88.71,
        "deceleration": 44.76,
        "rotation_down": 11.71,
        "downward_expansion": 17.71
      },
      "activity_lines": [
        127.333333,
        122.712727,
        120.105714,
        119.203871
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 140.0,
    "trend_reference": 118.446667,
    "distance_from_trend": 0.181967,
    "trend_direction": "Weakening",
    "fair_value": 124.692201,
    "distance_from_fair_value": 0.122765,
    "fair_value_direction": "Improving",
    "relative_strength": 9.98518,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.081917,
    "excess_performance": 0.030681,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.181967,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.021425,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.122765,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.20216,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.099852,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.10968,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.081917,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.758716,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 983973,
      "relative_activity": 0.682894,
      "balance": 0.758716,
      "dry_up": 2.446583,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.056254,
      "annualized_volatility": 0.324013,
      "from_high_reference": -0.095607,
      "from_low_reference": 0.573034
    },
    "levels": {
      "trend_reference": 118.446667,
      "fair_value_reference": 124.692201,
      "structural_low": 98.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.066321,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.363636,
        "median_excess_return": -0.049309,
        "regime_survival": 0.454545,
        "best_return": 0.08657,
        "worst_return": -0.155784,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
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        "positive_rate": 0.2,
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        "regime_survival": 0.2,
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        "worst_return": -0.121025,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "directional_follow_through": 0.25,
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        "worst_return": -0.532001,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.499291,
        "sufficient": false
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        "regime": "downward_expansion",
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        "direction": -42.876648,
        "energy": 19.302342,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 117.0,
        "volume": 1265385,
        "typical_volume": 2111479.5,
        "trend": 119.94,
        "fair_value": 128.857432,
        "relative_strength": -2.485021,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.58599,
        "energy": 15.306297,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
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        "volume": 407992,
        "typical_volume": 2015819.8,
        "trend": 120.206667,
        "fair_value": 128.506785,
        "relative_strength": -4.366479,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.619659,
        "energy": 13.840299,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 118.0,
        "volume": 528092,
        "typical_volume": 1791464.65,
        "trend": 120.773333,
        "fair_value": 128.17665,
        "relative_strength": -0.982799,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.973985,
        "energy": 13.087132,
        "activity_lines": [
          117.0,
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 118.0,
        "volume": 2435112,
        "typical_volume": 1888663.2,
        "trend": 121.54,
        "fair_value": 127.85036,
        "relative_strength": -0.831895,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.861499,
        "energy": 12.262976,
        "activity_lines": [
          117.333333,
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      },
      {
        "date": "2026-05-22",
        "close": 118.0,
        "volume": 363017,
        "typical_volume": 1734373.85,
        "trend": 122.24,
        "fair_value": 127.579165,
        "relative_strength": -3.511536,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.165473,
        "energy": 11.503689,
        "activity_lines": [
          117.533333,
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          118.291613
        ]
      },
      {
        "date": "2026-05-29",
        "close": 118.0,
        "volume": 1240303,
        "typical_volume": 1692515.35,
        "trend": 121.04,
        "fair_value": 127.288751,
        "relative_strength": -3.109407,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.650143,
        "energy": 8.799014,
        "activity_lines": [
          117.8,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 116.4,
        "volume": 63784,
        "typical_volume": 1576231.9,
        "trend": 119.986667,
        "fair_value": 126.958611,
        "relative_strength": -4.095477,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.754187,
        "energy": 8.979338,
        "activity_lines": [
          117.466667,
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      },
      {
        "date": "2026-06-12",
        "close": 118.0,
        "volume": 7825,
        "typical_volume": 1484231.8,
        "trend": 119.173333,
        "fair_value": 126.673322,
        "relative_strength": -3.677073,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.738278,
        "energy": 6.274886,
        "activity_lines": [
          117.573333,
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      },
      {
        "date": "2026-06-19",
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        "trend": 118.513334,
        "fair_value": 126.362398,
        "relative_strength": -4.543262,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.089667,
        "energy": 13.626869,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 39450,
        "typical_volume": 768887.75,
        "trend": 117.926667,
        "fair_value": 126.096321,
        "relative_strength": -5.282795,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.560977,
        "energy": 17.343744,
        "activity_lines": [
          116.48,
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        ]
      },
      {
        "date": "2026-07-03",
        "close": 117.0,
        "volume": 5569131,
        "typical_volume": 958420.1,
        "trend": 117.44,
        "fair_value": 125.886625,
        "relative_strength": -5.711499,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.714482,
        "energy": 17.031811,
        "activity_lines": [
          116.546667,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 118.0,
        "volume": 396832,
        "typical_volume": 961927.1,
        "trend": 116.96,
        "fair_value": 125.643619,
        "relative_strength": -3.139601,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 0.964833,
        "energy": 4.09075,
        "activity_lines": [
          117.013333,
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      },
      {
        "date": "2026-07-17",
        "close": 115.4,
        "volume": 11367210,
        "typical_volume": 1462504.1,
        "trend": 117.046667,
        "fair_value": 125.383946,
        "relative_strength": -6.068621,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -7.311911,
        "energy": 6.651952,
        "activity_lines": [
          116.506667,
          116.749091,
          116.734286,
          117.073548
        ]
      },
      {
        "date": "2026-07-24",
        "close": 118.0,
        "volume": 742446,
        "typical_volume": 1486477.75,
        "trend": 117.22,
        "fair_value": 125.117877,
        "relative_strength": -5.223067,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.597679,
        "energy": 6.540863,
        "activity_lines": [
          117.04,
          116.923636,
          116.898095,
          117.135054
        ]
      },
      {
        "date": "2026-07-31",
        "close": 126.8,
        "volume": 1007360,
        "typical_volume": 1491346.85,
        "trend": 117.513333,
        "fair_value": 124.905655,
        "relative_strength": 0.39596,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 64.70731,
        "energy": 44.796775,
        "activity_lines": [
          120.346667,
          118.698182,
          117.892381,
          117.753118
        ]
      },
      {
        "date": "2026-08-07",
        "close": 140.0,
        "volume": 983973,
        "typical_volume": 1440886.0,
        "trend": 118.446667,
        "fair_value": 124.692201,
        "relative_strength": 9.98518,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.486244,
        "energy": 75.625651,
        "activity_lines": [
          127.333333,
          122.712727,
          120.105714,
          119.203871
        ]
      }
    ],
    "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."
    }
  }
}