{
  "ticker": {
    "uuid": "9546ee96-fc9f-4edf-99da-59bff429aa34",
    "symbol": "RHIM",
    "name": "RHI Magnesita N.V.",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 67.415,
    "architecture_energy": 46.133,
    "architecture_maturity": 24.69,
    "architecture_confidence": 90.072,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 35.73,
        "rotation_up": 58.19,
        "upward_expansion": 80.26,
        "deceleration": 50.84,
        "rotation_down": 19.07,
        "downward_expansion": 9.26
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 3115.0,
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    "distance_from_trend": 0.108626,
    "trend_direction": "Improving",
    "fair_value": 3000.999358,
    "distance_from_fair_value": 0.037988,
    "fair_value_direction": "Improving",
    "relative_strength": 11.541268,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.125011,
    "excess_performance": 0.058732,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.108626,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.053704,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.037988,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.091062,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.115413,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.090672,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.125011,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.177564,
        "read": "Demand-led"
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    ],
    "volume": {
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      "balance": 1.177564,
      "dry_up": 1.167091,
      "accumulation_observations": 3,
      "distribution_observations": 2
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    "risk": {
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      "annualized_volatility": 0.558275,
      "from_high_reference": -0.080743,
      "from_low_reference": 0.623063
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    "levels": {
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      "fair_value_reference": 3000.999358,
      "structural_low": 2204.093792,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
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        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 2930.0,
        "volume": 45956,
        "typical_volume": 76538.15,
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      },
      {
        "date": "2026-07-31",
        "close": 2825.0,
        "volume": 135924,
        "typical_volume": 75906.85,
        "trend": 2795.746411,
        "fair_value": 3000.16343,
        "relative_strength": 1.752985,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 17.072552,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 3115.0,
        "volume": 104281,
        "typical_volume": 71433.35,
        "trend": 2809.783333,
        "fair_value": 3000.999358,
        "relative_strength": 11.541268,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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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."
    }
  }
}