{ "ticker": { "uuid": "96aee194-d856-4ddb-991c-c316b3abca51", "symbol": "TUNE", "name": "Focusrite 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": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 44.191, "architecture_energy": 73.487, "architecture_maturity": 20.493, "architecture_confidence": 71.656, "architecture_tenure": "New", "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": 12.82, "rotation_up": 77.67, "upward_expansion": 69.62, "deceleration": 18.06, "rotation_down": 16.58, "downward_expansion": 25.62 }, "activity_lines": [ 239.6, 227.965893, 212.283053, 207.736039 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 242.0, "trend_reference": 209.312723, "distance_from_trend": 0.156165, "trend_direction": "Weakening", "fair_value": 287.470065, "distance_from_fair_value": -0.158173, "fair_value_direction": "Improving", "relative_strength": 7.715654, "relative_strength_direction": "Improving", "price_momentum": -0.032, "excess_performance": -0.083235, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.156165, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.017761, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.158173, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.215377, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.077157, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.140689, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.032, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 11.17919, "read": "Demand-led" } ], "volume": { "latest": 505124, "relative_activity": 0.67821, "balance": 11.17919, "dry_up": 2.21694, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.073274, "annualized_volatility": 0.56694, "from_high_reference": -0.05098, "from_low_reference": 0.613505 }, "levels": { "trend_reference": 209.312723, "fair_value_reference": 287.470065, "structural_low": 155.0, "invalidation": "A 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291.427691, "relative_strength": 9.356483, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.786284, "energy": 71.539235, "activity_lines": [ 230.718287, 216.3525, 203.753355, 203.687143 ] }, { "date": "2026-07-31", "close": 240.0, "volume": 1005094, "typical_volume": 750437.35, "trend": 209.57939, "fair_value": 289.442468, "relative_strength": 7.502042, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.976699, "energy": 74.896335, "activity_lines": [ 236.450953, 222.454651, 207.994394, 205.644387 ] }, { "date": "2026-08-07", "close": 242.0, "volume": 505124, "typical_volume": 744790.5, "trend": 209.312723, "fair_value": 287.470065, "relative_strength": 7.715654, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.191184, "energy": 73.487474, "activity_lines": [ 239.6, 227.965893, 212.283053, 207.736039 ] } ], "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." } } }