{
  "ticker": {
    "uuid": "86e94f24-d067-4aa5-b947-c07ff81aff6c",
    "symbol": "WIZZ",
    "name": "Wizz Air Holdings 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": 64.287,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -1.064,
    "architecture_energy": 14.443,
    "architecture_maturity": 28.884,
    "architecture_confidence": 54.08,
    "architecture_tenure": "New",
    "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": 59.41,
        "rotation_up": 17.43,
        "upward_expansion": 21.65,
        "deceleration": 69.76,
        "rotation_down": 48.33,
        "downward_expansion": 32.98
      },
      "activity_lines": [
        1082.133333,
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        1080.571429,
        1067.677419
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 1095.0,
    "trend_reference": 1094.916667,
    "distance_from_trend": 7.6e-05,
    "trend_direction": "Weakening",
    "fair_value": 1524.185897,
    "distance_from_fair_value": -0.281584,
    "fair_value_direction": "Improving",
    "relative_strength": -11.992555,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.220085,
    "excess_performance": -0.271321,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 7.6e-05,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.017439,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.281584,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.106178,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.119926,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.078416,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.220085,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.768697,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5194783,
      "relative_activity": 1.42972,
      "balance": 1.768697,
      "dry_up": 0.869908,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.082543,
      "annualized_volatility": 0.576709,
      "from_high_reference": -0.246387,
      "from_low_reference": 0.316106
    },
    "levels": {
      "trend_reference": 1094.916667,
      "fair_value_reference": 1524.185897,
      "structural_low": 832.0,
      "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": 17,
        "median_return": -0.060374,
        "positive_rate": 0.411765,
        "directional_follow_through": 0.411765,
        "median_excess_return": -0.083253,
        "regime_survival": 0.529412,
        "best_return": 0.112329,
        "worst_return": -0.365438,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.082889,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.135262,
        "regime_survival": 0.125,
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        "worst_return": -0.439171,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.172007,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
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        "regime_survival": 0.333333,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.60849,
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "volume": 2939004,
        "typical_volume": 3967499.55,
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        "fair_value": 1540.384615,
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        "stage": 1,
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      },
      {
        "date": "2026-07-31",
        "close": 1062.0,
        "volume": 2184932,
        "typical_volume": 3632805.65,
        "trend": 1101.85,
        "fair_value": 1532.00641,
        "relative_strength": -15.178119,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 2.124985,
        "energy": 10.641858,
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      },
      {
        "date": "2026-08-07",
        "close": 1095.0,
        "volume": 5194783,
        "typical_volume": 3633426.5,
        "trend": 1094.916667,
        "fair_value": 1524.185897,
        "relative_strength": -11.992555,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "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."
    }
  }
}