{
  "ticker": {
    "uuid": "94abb489-0e59-4771-9a4c-aceeaeecf598",
    "symbol": "RS1",
    "name": "RS 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": "up",
    "architecture_direction": 86.173,
    "architecture_energy": 86.465,
    "architecture_maturity": 16.552,
    "architecture_confidence": 74.953,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 23.17,
        "rotation_up": 81.11,
        "upward_expansion": 91.69,
        "deceleration": 44.68,
        "rotation_down": 8.16,
        "downward_expansion": 18.35
      },
      "activity_lines": [
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        650.607527,
        643.638926
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 743.5,
    "trend_reference": 642.667451,
    "distance_from_trend": 0.156897,
    "trend_direction": "Improving",
    "fair_value": 671.902077,
    "distance_from_fair_value": 0.10656,
    "fair_value_direction": "Improving",
    "relative_strength": 11.088769,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.109951,
    "excess_performance": 0.043673,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.156897,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.027692,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.10656,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.20809,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.110888,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.143919,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.109951,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.621865,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5341946,
      "relative_activity": 0.744362,
      "balance": 1.621865,
      "dry_up": 0.849405,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.050764,
      "annualized_volatility": 0.341686,
      "from_high_reference": -0.01196,
      "from_low_reference": 0.385326
    },
    "levels": {
      "trend_reference": 642.667451,
      "fair_value_reference": 671.902077,
      "structural_low": 546.876892,
      "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": -0.045937,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.015107,
        "regime_survival": 0.0,
        "best_return": 0.01011,
        "worst_return": -0.10142,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.122714,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
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        "regime_survival": 0.0,
        "best_return": 0.050163,
        "worst_return": -0.185396,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.162717,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
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        "regime_survival": 0.0,
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        "worst_return": -0.268231,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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      {
        "regime": "downward_expansion",
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      {
        "regime": "upward_expansion",
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      {
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
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      },
      {
        "date": "2026-07-24",
        "close": 682.5,
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        "typical_volume": 7492446.5,
        "trend": 636.041432,
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        "relative_strength": 3.813673,
        "stage": 2,
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-07-31",
        "close": 701.5,
        "volume": 8951959,
        "typical_volume": 7561688.95,
        "trend": 638.579459,
        "fair_value": 672.200045,
        "relative_strength": 5.389107,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 47.562002,
        "energy": 62.894342,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 743.5,
        "volume": 5341946,
        "typical_volume": 7176545.6,
        "trend": 642.667451,
        "fair_value": 671.902077,
        "relative_strength": 11.088769,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
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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."
    }
  }
}