{ "ticker": { "uuid": "6960e8a5-be46-491d-a973-90b936b92e90", "symbol": "RWA", "name": "Robert Walters 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": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 60.33, "architecture_energy": 74.617, "architecture_maturity": 28.0, "architecture_confidence": 75.185, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 18.61, "rotation_up": 78.25, "upward_expansion": 61.72, "deceleration": 26.08, "rotation_down": 18.67, "downward_expansion": 24.72 }, "activity_lines": [ 1.1548, 1.043382, 0.97579, 0.975497 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 1.28, "trend_reference": 1.015633, "distance_from_trend": 0.260297, "trend_direction": "Weakening", "fair_value": 2.439618, "distance_from_fair_value": -0.475328, "fair_value_direction": "Improving", "relative_strength": 0.332617, "relative_strength_direction": "Improving", "price_momentum": 0.04918, "excess_performance": -0.002055, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.260297, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.107894, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.475328, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.175107, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.003326, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.382343, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.04918, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.584433, "read": "Demand-led" } ], "volume": { "latest": 580900, "relative_activity": 0.981164, "balance": 1.584433, "dry_up": 1.718525, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.080688, "annualized_volatility": 0.616829, "from_high_reference": -0.212308, "from_low_reference": 0.684211 }, "levels": { "trend_reference": 1.015633, "fair_value_reference": 2.439618, "structural_low": 0.76, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 3, "median_return": 0.006742, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.019427, "regime_survival": 0.333333, "best_return": 0.093366, "worst_return": -0.105882, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.081357, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.091056, "regime_survival": 0.0, "best_return": 0.056511, "worst_return": -0.219225, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.079483, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.11973, "regime_survival": 0.0, "best_return": 0.060258, "worst_return": -0.219225, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, 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"energy": 10.642312, "activity_lines": [ 0.9264, 0.895127, 0.899562, 0.945824 ] }, { "date": "2026-07-24", "close": 1.14, "volume": 628655, "typical_volume": 653445.65, "trend": 1.027633, "fair_value": 2.466842, "relative_strength": -10.53575, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 24.194764, "energy": 35.855156, "activity_lines": [ 1.009067, 0.941527, 0.92159, 0.952654 ] }, { "date": "2026-07-31", "close": 1.12, "volume": 839103, "typical_volume": 621102.1, "trend": 1.0183, "fair_value": 2.452965, "relative_strength": -12.412335, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.348165, "energy": 46.28847, "activity_lines": [ 1.064267, 0.979636, 0.941524, 0.958613 ] }, { "date": "2026-08-07", "close": 1.28, "volume": 580900, "typical_volume": 592051.8, "trend": 1.015633, "fair_value": 2.439618, "relative_strength": 0.332617, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 60.329607, "energy": 74.61737, "activity_lines": [ 1.1548, 1.043382, 0.97579, 0.975497 ] } ], "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." } } }