{
  "ticker": {
    "uuid": "8e5b1d17-0633-4a5d-8552-88fc03428e5b",
    "symbol": "KIE",
    "name": "Kier Group 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 53.095,
    "architecture_energy": 69.033,
    "architecture_maturity": 21.745,
    "architecture_confidence": 74.886,
    "architecture_tenure": "Developing",
    "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": 14.68,
        "rotation_up": 75.0,
        "upward_expansion": 64.22,
        "deceleration": 21.1,
        "rotation_down": 16.86,
        "downward_expansion": 22.55
      },
      "activity_lines": [
        239.28,
        230.56,
        220.623107,
        218.374454
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 250.6,
    "trend_reference": 218.518374,
    "distance_from_trend": 0.146814,
    "trend_direction": "Improving",
    "fair_value": 164.764194,
    "distance_from_fair_value": 0.520962,
    "fair_value_direction": "Improving",
    "relative_strength": 6.858709,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.096851,
    "excess_performance": 0.045616,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.146814,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.009402,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.520962,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.140032,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.068587,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.113231,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.096851,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.666197,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5682629,
      "relative_activity": 1.10369,
      "balance": 3.666197,
      "dry_up": 1.249043,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.063622,
      "annualized_volatility": 0.34314,
      "from_high_reference": -0.015173,
      "from_low_reference": 0.403627
    },
    "levels": {
      "trend_reference": 218.518374,
      "fair_value_reference": 164.764194,
      "structural_low": 186.777317,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.064933,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.052509,
        "regime_survival": 0.5,
        "best_return": 0.160185,
        "worst_return": -0.090667,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.172718,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.154371,
        "regime_survival": 0.0,
        "best_return": 0.285714,
        "worst_return": 0.059722,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.271566,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.234548,
        "regime_survival": 0.0,
        "best_return": 0.313966,
        "worst_return": 0.229167,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.505857,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.436992,
        "regime_survival": 0.0,
        "best_return": 0.783334,
        "worst_return": 0.228381,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-09-13",
        "tenure": "Developing",
        "return": -0.10828,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-20",
        "end": "2024-10-04",
        "tenure": "New",
        "return": -0.012784,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-11",
        "end": "2024-10-18",
        "tenure": "New",
        "return": 0.074453,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-25",
        "end": "2025-03-21",
        "tenure": "Established",
        "return": -0.149441,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-28",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.225142,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.047205,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-29",
        "tenure": "Established",
        "return": 0.12426,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-03",
        "tenure": "Developing",
        "return": 0.239177,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-11-07",
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        "return": -0.081287,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-14",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.078014,
        "active": false
      },
      {
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        "return": -0.120536,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
        "regime": "rotation_up",
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        "return": 0.160185,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 5312586.25,
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        "relative_strength": 3.665786,
        "stage": 3,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 5256874.1,
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        "fair_value": 163.714353,
        "relative_strength": 2.485152,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.828185,
        "energy": 58.450857,
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      },
      {
        "date": "2026-08-07",
        "close": 250.6,
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        "typical_volume": 5148753.05,
        "trend": 218.518374,
        "fair_value": 164.764194,
        "relative_strength": 6.858709,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 53.094525,
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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."
    }
  }
}