{
  "ticker": {
    "uuid": "9b6d40d2-9e31-47f9-91f0-cde3b3479568",
    "symbol": "PINE",
    "name": "Pinewood Technologies 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": 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": 80.65,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 67.967,
    "architecture_energy": 88.145,
    "architecture_maturity": 26.0,
    "architecture_confidence": 80.842,
    "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": 7.47,
        "rotation_up": 85.79,
        "upward_expansion": 72.0,
        "deceleration": 18.0,
        "rotation_down": 16.02,
        "downward_expansion": 28.0
      },
      "activity_lines": [
        381.733333,
        339.954545,
        303.742857,
        293.954839
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 430.0,
    "trend_reference": 300.666667,
    "distance_from_trend": 0.430155,
    "trend_direction": "Weakening",
    "fair_value": 422.123666,
    "distance_from_fair_value": 0.018659,
    "fair_value_direction": "Improving",
    "relative_strength": 12.904921,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.036954,
    "excess_performance": -0.088189,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.430155,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.047217,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.018659,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.350505,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.129049,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.442278,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.036954,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.169239,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4900009,
      "relative_activity": 2.161222,
      "balance": 2.169239,
      "dry_up": 1.937361,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.074915,
      "annualized_volatility": 0.799089,
      "from_high_reference": -0.252174,
      "from_low_reference": 1.15
    },
    "levels": {
      "trend_reference": 300.666667,
      "fair_value_reference": 422.123666,
      "structural_low": 200.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": -0.026343,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.088169,
        "regime_survival": 0.0,
        "best_return": 0.018727,
        "worst_return": -0.382415,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.224719,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.368374,
        "regime_survival": 0.0,
        "best_return": 0.678082,
        "worst_return": -0.438559,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.088983,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.152034,
        "regime_survival": 0.333333,
        "best_return": 0.822972,
        "worst_return": -0.359551,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.254682,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.146674,
        "regime_survival": 0.0,
        "best_return": 0.254682,
        "worst_return": 0.254682,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-05",
        "end": "2024-04-19",
        "tenure": "Established",
        "return": 0.183612,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-04-26",
        "end": "2024-05-10",
        "tenure": "New",
        "return": 0.037618,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-17",
        "end": "2024-11-22",
        "tenure": "Extended",
        "return": 0.046154,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-29",
        "end": "2025-04-11",
        "tenure": "Established",
        "return": -0.094614,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-18",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.251208,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.018158,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-23",
        "end": "2025-09-26",
        "tenure": "Established",
        "return": 0.124332,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2025-10-10",
        "tenure": "New",
        "return": -0.029851,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-17",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.097368,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.060393,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-02-20",
        "tenure": "New",
        "return": -0.336864,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.030875,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "rotation_up",
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        "return": 0.365079,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1854558.65,
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        "stage": 1,
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        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.11372,
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      },
      {
        "date": "2026-07-31",
        "close": 430.0,
        "volume": 8720694,
        "typical_volume": 2200331.55,
        "trend": 298.116667,
        "fair_value": 421.83828,
        "relative_strength": 12.200625,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 68.928782,
        "energy": 84.246774,
        "activity_lines": [
          348.9,
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      },
      {
        "date": "2026-08-07",
        "close": 430.0,
        "volume": 4900009,
        "typical_volume": 2267240.15,
        "trend": 300.666667,
        "fair_value": 422.123666,
        "relative_strength": 12.904921,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 67.967287,
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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."
    }
  }
}