{
  "ticker": {
    "uuid": "626e4b31-51cd-48b1-aed5-af70cb36b446",
    "symbol": "RAT",
    "name": "Rathbones Group 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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -50.967,
    "architecture_energy": 43.795,
    "architecture_maturity": 69.171,
    "architecture_confidence": 66.292,
    "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": 15.05,
        "rotation_up": 26.09,
        "upward_expansion": 18.74,
        "deceleration": 66.73,
        "rotation_down": 46.59,
        "downward_expansion": 71.07
      },
      "activity_lines": [
        1689.6,
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        1858.768691
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 1720.0,
    "trend_reference": 1959.403516,
    "distance_from_trend": -0.122182,
    "trend_direction": "Weakening",
    "fair_value": 1757.482693,
    "distance_from_fair_value": -0.021327,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.136293,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.219704,
    "excess_performance": -0.285982,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.122182,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.019615,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.021327,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.138608,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.171363,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.148765,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.219704,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.702374,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 614841,
      "relative_activity": 1.302723,
      "balance": 0.702374,
      "dry_up": 1.557642,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.066413,
      "annualized_volatility": 0.343478,
      "from_high_reference": -0.311779,
      "from_low_reference": 0.087231
    },
    "levels": {
      "trend_reference": 1959.403516,
      "fair_value_reference": 1757.482693,
      "structural_low": 1582.0,
      "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": 20,
        "median_return": 0.016319,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.003558,
        "regime_survival": 0.7,
        "best_return": 0.367574,
        "worst_return": -0.148446,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.0836,
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        "worst_return": -0.111392,
        "sufficient": true
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      {
        "horizon": "Extended",
        "sample_count": 5,
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      {
        "horizon": "Full cycle",
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        "end": "2024-07-12",
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "date": "2026-07-24",
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      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "fair_value": 1757.482693,
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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."
    }
  }
}