{
  "ticker": {
    "uuid": "8591c777-b73f-4864-92b6-90112f622ad0",
    "symbol": "IPC",
    "name": "International Paper Company",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -55.271,
    "architecture_energy": 63.522,
    "architecture_maturity": 93.323,
    "architecture_confidence": 73.968,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 18.02,
        "rotation_up": 27.97,
        "upward_expansion": 22.5,
        "deceleration": 62.09,
        "rotation_down": 49.97,
        "downward_expansion": 70.17
      },
      "activity_lines": [
        29.686667,
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        1198.961706
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 30.5,
    "trend_reference": 1880.21738,
    "distance_from_trend": -0.983778,
    "trend_direction": "Weakening",
    "fair_value": 3568.507009,
    "distance_from_fair_value": -0.991453,
    "fair_value_direction": "Weakening",
    "relative_strength": -98.86949,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.99092,
    "excess_performance": -1.042155,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.983778,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.339287,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.991453,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.630927,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.988695,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.695718,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.99092,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.28072,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 574576,
      "relative_activity": 3.976393,
      "balance": 0.28072,
      "dry_up": 1.474147,
      "accumulation_observations": 0,
      "distribution_observations": 2
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    "risk": {
      "range_context": 7.852065,
      "annualized_volatility": 6.354505,
      "from_high_reference": -0.991918,
      "from_low_reference": 0.281513
    },
    "levels": {
      "trend_reference": 1880.21738,
      "fair_value_reference": 3568.507009,
      "structural_low": 23.8,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 24,
        "median_return": -0.00776,
        "positive_rate": 0.458333,
        "directional_follow_through": 0.541667,
        "median_excess_return": -0.020758,
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        "worst_return": -0.987785,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.98742,
        "sufficient": true
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        "horizon": "Extended",
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        "worst_return": -0.322673,
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        "horizon": "Full cycle",
        "sample_count": 3,
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        "regime": "balance",
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 30.55,
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        "typical_volume": 121788.9,
        "trend": 1983.83237,
        "fair_value": 3591.0871,
        "relative_strength": -98.897515,
        "stage": 4,
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        "energy": 67.342629,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 30.5,
        "volume": 574576,
        "typical_volume": 144496.8,
        "trend": 1880.21738,
        "fair_value": 3568.507009,
        "relative_strength": -98.86949,
        "stage": 4,
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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."
    }
  }
}