{
  "ticker": {
    "uuid": "6f797c88-b2ab-47f4-871d-a8c2589d9eb6",
    "symbol": "NOMD",
    "name": "Nomad Foods Ltd",
    "exchange": "NYSE",
    "country": "US",
    "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": "SPY",
    "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": 44.995,
    "architecture_energy": 58.11,
    "architecture_maturity": 19.606,
    "architecture_confidence": 59.52,
    "architecture_tenure": "Developing",
    "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": 11.98,
        "rotation_up": 72.76,
        "upward_expansion": 63.02,
        "deceleration": 23.4,
        "rotation_down": 19.37,
        "downward_expansion": 19.02
      },
      "activity_lines": [
        11.817333,
        11.507636,
        10.876794,
        10.674883
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 11.99,
    "trend_reference": 10.704624,
    "distance_from_trend": 0.120077,
    "trend_direction": "Weakening",
    "fair_value": 14.634495,
    "distance_from_fair_value": -0.180703,
    "fair_value_direction": "Improving",
    "relative_strength": -6.935735,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.040892,
    "excess_performance": -0.166517,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.120077,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.021556,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.180703,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.203607,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.069357,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.293853,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.040892,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.817346,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4149254,
      "relative_activity": 0.626807,
      "balance": 2.817346,
      "dry_up": 0.992898,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.060814,
      "annualized_volatility": 0.348286,
      "from_high_reference": -0.224868,
      "from_low_reference": 0.333704
    },
    "levels": {
      "trend_reference": 10.704624,
      "fair_value_reference": 14.634495,
      "structural_low": 8.99,
      "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": 6,
        "median_return": 0.0335,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.007574,
        "regime_survival": 0.5,
        "best_return": 0.081286,
        "worst_return": -0.040526,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.061333,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.060559,
        "regime_survival": 0.0,
        "best_return": 0.080976,
        "worst_return": -0.065639,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.038741,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.228022,
        "regime_survival": 0.0,
        "best_return": -0.035142,
        "worst_return": -0.161098,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.216037,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.440694,
        "regime_survival": 0.0,
        "best_return": -0.040666,
        "worst_return": -0.391407,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-08",
        "end": "2024-11-29",
        "tenure": "New",
        "return": 0.049284,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-06",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.037493,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.144779,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-14",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.0449,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-03-21",
        "tenure": "New",
        "return": 0.024868,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-06-06",
        "tenure": "Developing",
        "return": -0.133304,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.026316,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.026391,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-08",
        "end": "2026-02-06",
        "tenure": "Extended",
        "return": -0.180845,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-13",
        "end": "2026-02-20",
        "tenure": "New",
        "return": 0.010853,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
        "return": -0.064722,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-06-19",
        "tenure": "Established",
        "return": 0.037089,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "return": 0.026978,
        "active": false
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      {
        "regime": "rotation_up",
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        "return": 0.039896,
        "active": true
      }
    ],
    "chart_path": [
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      },
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      },
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 14.717008,
        "relative_strength": -10.165754,
        "stage": 1,
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        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 35.028959,
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      },
      {
        "date": "2026-07-24",
        "close": 11.72,
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        "typical_volume": 6930054.15,
        "trend": 10.69002,
        "fair_value": 14.689347,
        "relative_strength": -6.833021,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 44.216613,
        "energy": 67.604773,
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      },
      {
        "date": "2026-07-31",
        "close": 11.9,
        "volume": 8226379,
        "typical_volume": 6769465.2,
        "trend": 10.693884,
        "fair_value": 14.661517,
        "relative_strength": -5.342723,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 45.428529,
        "energy": 60.870816,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 11.99,
        "volume": 4149254,
        "typical_volume": 6619668.35,
        "trend": 10.704624,
        "fair_value": 14.634495,
        "relative_strength": -6.935735,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 44.99486,
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        "activity_lines": [
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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."
    }
  }
}