{ "ticker": { "uuid": "90fca00c-458a-4369-a233-c299312921c7", "symbol": "ASHM", "name": "Ashmore 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": 87.901, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 6.82, "architecture_energy": 10.093, "architecture_maturity": 16.522, "architecture_confidence": 67.161, "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": 59.08, "rotation_up": 35.8, "upward_expansion": 34.08, "deceleration": 37.94, "rotation_down": 23.23, "downward_expansion": 44.75 }, "activity_lines": [ 213.346667, 210.476364, 209.878095, 212.137182 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 224.6, "trend_reference": 217.710479, "distance_from_trend": 0.031645, "trend_direction": "Improving", "fair_value": 185.565524, "distance_from_fair_value": 0.210354, "fair_value_direction": "Improving", "relative_strength": 4.510629, "relative_strength_direction": "Weakening", "price_momentum": -0.110672, "excess_performance": -0.161907, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.031645, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.063406, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.210354, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.040258, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.045106, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.055629, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.110672, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.531665, "read": "Supply-led" } ], "volume": { "latest": 4215215, "relative_activity": 0.99561, "balance": 0.531665, "dry_up": 0.864254, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.053266, "annualized_volatility": 0.288488, "from_high_reference": -0.187652, "from_low_reference": 0.540709 }, "levels": { "trend_reference": 217.710479, "fair_value_reference": 185.565524, 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"activity_lines": [ 210.0, 207.509091, 209.132381, 212.730581 ] }, { "date": "2026-07-24", "close": 205.8, "volume": 3202042, "typical_volume": 5077368.65, "trend": 215.334785, "fair_value": 185.356695, "relative_strength": -2.628443, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.269629, "energy": 23.140812, "activity_lines": [ 209.573333, 207.130909, 208.703809, 212.183464 ] }, { "date": "2026-07-31", "close": 206.4, "volume": 2964559, "typical_volume": 4716293.9, "trend": 216.3826, "fair_value": 185.399899, "relative_strength": -3.541894, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.117413, "energy": 16.947116, "activity_lines": [ 208.8, 207.076364, 208.408571, 211.607027 ] }, { "date": "2026-08-07", "close": 224.6, "volume": 4215215, "typical_volume": 4233801.5, "trend": 217.710479, "fair_value": 185.565524, "relative_strength": 4.510629, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.82012, "energy": 10.093076, "activity_lines": [ 213.346667, 210.476364, 209.878095, 212.137182 ] } ], "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." } } }