{ "ticker": { "uuid": "635e0567-787e-4c86-aed6-6d53c4aaab0c", "symbol": "REC", "name": "Record 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.482, "architecture_energy": 56.401, "architecture_maturity": 30.251, "architecture_confidence": 92.315, "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": 8.05, "rotation_up": 18.78, "upward_expansion": 9.52, "deceleration": 52.47, "rotation_down": 61.77, "downward_expansion": 82.86 }, "activity_lines": [ 0.440067, 0.447332, 0.475928, 0.489821 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.666667 }, "latest_close": 0.44, "trend_reference": 0.507272, "distance_from_trend": -0.132615, "trend_direction": "Weakening", "fair_value": 0.533549, "distance_from_fair_value": -0.175334, "fair_value_direction": "Weakening", "relative_strength": -22.589349, "relative_strength_direction": "Weakening", "price_momentum": -0.188539, "excess_performance": -0.239775, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.132615, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.041629, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.175334, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.186861, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.225893, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.203256, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.188539, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.390697, "read": "Supply-led" } ], "volume": { "latest": 757815, "relative_activity": 0.718394, "balance": 0.390697, "dry_up": 1.300605, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.064763, "annualized_volatility": 0.312258, "from_high_reference": -0.262342, "from_low_reference": 0.062802 }, "levels": { "trend_reference": 0.507272, "fair_value_reference": 0.533549, "structural_low": 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"2026-07-10", "close": 0.427, "volume": 2376054, "typical_volume": 946200.8, "trend": 0.518866, "fair_value": 0.539462, "relative_strength": -24.250028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.035436, "energy": 89.910887, "activity_lines": [ 0.451037, 0.479199, 0.499214, 0.50885 ] }, { "date": "2026-07-17", "close": 0.436, "volume": 1193966, "typical_volume": 982261.95, "trend": 0.516294, "fair_value": 0.537948, "relative_strength": -22.719657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.529821, "energy": 86.398027, "activity_lines": [ 0.441443, 0.467418, 0.492167, 0.503504 ] }, { "date": "2026-07-24", "close": 0.446, "volume": 2518840, "typical_volume": 1064921.55, "trend": 0.513086, "fair_value": 0.536498, "relative_strength": -21.385449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.402223, "energy": 80.121427, "activity_lines": [ 0.441619, 0.459668, 0.486643, 0.498969 ] }, { "date": "2026-07-31", "close": 0.441, "volume": 1017272, "typical_volume": 1079850.8, "trend": 0.509712, "fair_value": 0.535037, "relative_strength": -22.750285, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.990672, "energy": 74.820899, "activity_lines": [ 0.440733, 0.452724, 0.481138, 0.494318 ] }, { "date": "2026-08-07", "close": 0.44, "volume": 757815, "typical_volume": 1054873.3, "trend": 0.507272, "fair_value": 0.533549, "relative_strength": -22.589349, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.481997, "energy": 56.400928, "activity_lines": [ 0.440067, 0.447332, 0.475928, 0.489821 ] } ], "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." } } }