{ "ticker": { "uuid": "72d1a616-999a-4335-8b46-944b69cf4528", "symbol": "HAS", "name": "Hays 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": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 57.023, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "up", "architecture_direction": 91.172, "architecture_energy": 96.661, "architecture_maturity": 28.0, "architecture_confidence": 77.021, "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": 14.98, "rotation_up": 87.01, "upward_expansion": 97.67, "deceleration": 41.83, "rotation_down": 8.0, "downward_expansion": 22.0 }, "activity_lines": [ 0.5882, 0.506418, 0.431905, 0.408908 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 0.6595, "trend_reference": 0.399861, "distance_from_trend": 0.649325, "trend_direction": "Weakening", "fair_value": 0.723002, "distance_from_fair_value": -0.087831, "fair_value_direction": "Improving", "relative_strength": 27.608888, "relative_strength_direction": "Improving", "price_momentum": 0.390561, "excess_performance": 0.339326, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.649325, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.077315, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.087831, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.461991, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.276089, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.678595, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.390561, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.136732, "read": "Demand-led" } ], "volume": { "latest": 34707059, "relative_activity": 1.518783, "balance": 2.136732, "dry_up": 1.570346, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.090982, "annualized_volatility": 0.695356, "from_high_reference": -0.020059, "from_low_reference": 1.299512 }, "levels": { "trend_reference": 0.399861, "fair_value_reference": 0.723002, "structural_low": 0.2868, "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": 4, "median_return": -0.061688, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.063829, "regime_survival": 0.25, "best_return": 0.00398, "worst_return": -0.140372, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.140537, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.15474, "regime_survival": 0.0, "best_return": -0.109274, "worst_return": -0.144571, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.253489, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.292251, "regime_survival": 0.0, "best_return": -0.231001, "worst_return": -0.326934, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, 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13.470434, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 63.282477, "energy": 86.399878, "activity_lines": [ 0.4937, 0.431171, 0.38486, 0.380936 ] }, { "date": "2026-07-31", "close": 0.564, "volume": 43075515, "typical_volume": 22294567.55, "trend": 0.395256, "fair_value": 0.724912, "relative_strength": 9.034191, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.16206, "energy": 82.878528, "activity_lines": [ 0.532653, 0.462398, 0.40434, 0.39186 ] }, { "date": "2026-08-07", "close": 0.6595, "volume": 34707059, "typical_volume": 22851885.0, "trend": 0.399861, "fair_value": 0.723002, "relative_strength": 27.608888, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 91.17223, "energy": 96.660655, "activity_lines": [ 0.5882, 0.506418, 0.431905, 0.408908 ] } ], "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." } } }