{
  "ticker": {
    "uuid": "753d506d-2c0d-4cbb-9ae4-1d9b5bc194d3",
    "symbol": "DGE",
    "name": "Diageo 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": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 53.581,
    "architecture_energy": 59.766,
    "architecture_maturity": 33.154,
    "architecture_confidence": 61.179,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 26.91,
        "rotation_up": 67.84,
        "upward_expansion": 58.98,
        "deceleration": 24.29,
        "rotation_down": 17.94,
        "downward_expansion": 19.64
      },
      "activity_lines": [
        1656.5,
        1606.590909,
        1567.988777,
        1556.948127
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 1790.0,
    "trend_reference": 1570.97607,
    "distance_from_trend": 0.139419,
    "trend_direction": "Weakening",
    "fair_value": 2252.410398,
    "distance_from_fair_value": -0.205296,
    "fair_value_direction": "Improving",
    "relative_strength": -1.421512,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.017184,
    "excess_performance": -0.034052,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.139419,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.023338,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.205296,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.155304,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.014215,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.170791,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.017184,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.319578,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 44873331,
      "relative_activity": 2.000796,
      "balance": 1.319578,
      "dry_up": 1.207213,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.063686,
      "annualized_volatility": 0.312681,
      "from_high_reference": -0.163993,
      "from_low_reference": 0.381706
    },
    "levels": {
      "trend_reference": 1570.97607,
      "fair_value_reference": 2252.410398,
      "structural_low": 1295.5,
      "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": 23,
        "median_return": -0.027932,
        "positive_rate": 0.173913,
        "directional_follow_through": 0.173913,
        "median_excess_return": -0.031415,
        "regime_survival": 0.434783,
        "best_return": 0.038372,
        "worst_return": -0.243652,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.072274,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.048373,
        "regime_survival": 0.2,
        "best_return": 0.100611,
        "worst_return": -0.178154,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.146295,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.167747,
        "regime_survival": 0.333333,
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        "worst_return": -0.225893,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.242872,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.2584,
        "regime_survival": 0.333333,
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        "worst_return": -0.262327,
        "sufficient": false
      }
    ],
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        "start": "2023-06-09",
        "end": "2024-02-23",
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      {
        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "gate": "mixed",
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      },
      {
        "date": "2026-08-07",
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        "trend": 1570.97607,
        "fair_value": 2252.410398,
        "relative_strength": -1.421512,
        "stage": 1,
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        "gate": "mixed",
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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."
    }
  }
}