{
  "ticker": {
    "uuid": "5fc40876-df15-49b2-a4cf-a0fb8f40a3a6",
    "symbol": "MEGP",
    "name": "ME Group International 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -43.091,
    "architecture_energy": 27.974,
    "architecture_maturity": 76.348,
    "architecture_confidence": 82.915,
    "architecture_tenure": "Developing",
    "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": 27.94,
        "rotation_up": 27.11,
        "upward_expansion": 16.56,
        "deceleration": 46.85,
        "rotation_down": 33.47,
        "downward_expansion": 66.56
      },
      "activity_lines": [
        113.8,
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        118.801991,
        124.250401
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 122.2,
    "trend_reference": 130.349368,
    "distance_from_trend": -0.062519,
    "trend_direction": "Weakening",
    "fair_value": 170.327162,
    "distance_from_fair_value": -0.282557,
    "fair_value_direction": "Weakening",
    "relative_strength": -25.410025,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.105131,
    "excess_performance": -0.156366,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.062519,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.108617,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.282557,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.072412,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.2541,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.015794,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.105131,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.856008,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 11136377,
      "relative_activity": 2.738153,
      "balance": 2.856008,
      "dry_up": 2.113544,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.099403,
      "annualized_volatility": 0.584957,
      "from_high_reference": -0.444258,
      "from_low_reference": 0.225825
    },
    "levels": {
      "trend_reference": 130.349368,
      "fair_value_reference": 170.327162,
      "structural_low": 99.688,
      "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": 17,
        "median_return": 0.0064,
        "positive_rate": 0.647059,
        "directional_follow_through": 0.352941,
        "median_excess_return": 0.019086,
        "regime_survival": 0.764706,
        "best_return": 0.216216,
        "worst_return": -0.154607,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.244523,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "regime_survival": 0.25,
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        "sufficient": false
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.187996,
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      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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      },
      {
        "regime": "balance",
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        "tenure": "New",
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "end": "2025-05-02",
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      {
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      {
        "regime": "rotation_up",
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        "active": false
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      },
      {
        "date": "2026-04-17",
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      },
      {
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      },
      {
        "date": "2026-05-08",
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      },
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      },
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 171.489528,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-17",
        "close": 115.4,
        "volume": 14128684,
        "typical_volume": 3054342.55,
        "trend": 133.897949,
        "fair_value": 171.229359,
        "relative_strength": -31.142426,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.642056,
        "energy": 63.732324,
        "activity_lines": [
          108.32,
          111.84,
          123.122531,
          128.013753
        ]
      },
      {
        "date": "2026-07-24",
        "close": 106.2,
        "volume": 4338327,
        "typical_volume": 3271258.9,
        "trend": 132.406226,
        "fair_value": 170.88973,
        "relative_strength": -36.328079,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.443729,
        "energy": 52.128225,
        "activity_lines": [
          107.933333,
          109.574546,
          120.89113,
          126.226789
        ]
      },
      {
        "date": "2026-07-31",
        "close": 110.8,
        "volume": 4780696,
        "typical_volume": 3510293.7,
        "trend": 131.227784,
        "fair_value": 170.593673,
        "relative_strength": -33.237865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.282798,
        "energy": 40.88316,
        "activity_lines": [
          109.133333,
          108.807273,
          119.242379,
          124.832839
        ]
      },
      {
        "date": "2026-08-07",
        "close": 122.2,
        "volume": 11136377,
        "typical_volume": 4067112.55,
        "trend": 130.349368,
        "fair_value": 170.327162,
        "relative_strength": -25.410025,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.090832,
        "energy": 27.974474,
        "activity_lines": [
          113.8,
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          118.801991,
          124.250401
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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."
    }
  }
}