{
  "ticker": {
    "uuid": "72fbd051-ce90-43b4-869a-d3471b16e62b",
    "symbol": "CRDA",
    "name": "Croda International 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": 70.29,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 70.502,
    "architecture_energy": 54.042,
    "architecture_maturity": 25.388,
    "architecture_confidence": 89.181,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 26.96,
        "rotation_up": 59.57,
        "upward_expansion": 80.62,
        "deceleration": 51.58,
        "rotation_down": 17.22,
        "downward_expansion": 11.95
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 3265.0,
    "trend_reference": 2922.095996,
    "distance_from_trend": 0.117349,
    "trend_direction": "Improving",
    "fair_value": 3614.550911,
    "distance_from_fair_value": -0.096707,
    "fair_value_direction": "Improving",
    "relative_strength": 6.185563,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.197099,
    "excess_performance": 0.13082,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.117349,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031946,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.096707,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.164532,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.061856,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.119735,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.197099,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.416164,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2736713,
      "relative_activity": 1.712698,
      "balance": 3.416164,
      "dry_up": 1.338354,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.056204,
      "annualized_volatility": 0.375805,
      "from_high_reference": -0.025955,
      "from_low_reference": 0.345946
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    "levels": {
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      "fair_value_reference": 3614.550911,
      "structural_low": 2487.477492,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 11,
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        "worst_return": -0.231818,
        "sufficient": true
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      {
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "fair_value": 3614.550911,
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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."
    }
  }
}