{
  "ticker": {
    "uuid": "9ec322f8-11b6-4aea-8c58-d854de14cec9",
    "symbol": "SSL",
    "name": "Sasol Ltd",
    "exchange": "NYSE",
    "country": "US",
    "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": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 73.782,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 20.085,
    "architecture_energy": 18.527,
    "architecture_maturity": 40.656,
    "architecture_confidence": 79.897,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 56.32,
        "rotation_up": 41.2,
        "upward_expansion": 51.83,
        "deceleration": 73.65,
        "rotation_down": 14.39,
        "downward_expansion": 22.49
      },
      "activity_lines": [
        11.39,
        11.126545,
        11.696143,
        11.60772
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 11.07,
    "trend_reference": 10.942333,
    "distance_from_trend": 0.011667,
    "trend_direction": "Improving",
    "fair_value": 7.824711,
    "distance_from_fair_value": 0.414749,
    "fair_value_direction": "Weakening",
    "relative_strength": 10.152353,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.504076,
    "excess_performance": 0.378451,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.011667,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.169469,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.414749,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.229931,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.101524,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.490903,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.504076,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.700462,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 5713887,
      "relative_activity": 0.666499,
      "balance": 0.700462,
      "dry_up": 0.690221,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.099286,
      "annualized_volatility": 0.575228,
      "from_high_reference": -0.229377,
      "from_low_reference": 1.320755
    },
    "levels": {
      "trend_reference": 10.942333,
      "fair_value_reference": 7.824711,
      "structural_low": 6.91,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.073744,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.094026,
        "regime_survival": 0.5,
        "best_return": 0.286496,
        "worst_return": -0.112057,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.121821,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.071136,
        "regime_survival": 0.0,
        "best_return": 0.15146,
        "worst_return": -0.082406,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.440428,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.425731,
        "regime_survival": 0.0,
        "best_return": 1.218978,
        "worst_return": -0.222315,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.4083,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.455393,
        "regime_survival": 0.0,
        "best_return": 0.4083,
        "worst_return": 0.4083,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2022-07-22",
        "end": "2022-08-12",
        "tenure": "New",
        "return": 0.098126,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2022-08-19",
        "end": "2023-01-20",
        "tenure": "Established",
        "return": -0.053683,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-01-27",
        "end": "2023-03-03",
        "tenure": "Developing",
        "return": -0.170479,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-03-10",
        "end": "2023-07-21",
        "tenure": "Established",
        "return": -0.032187,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-07-28",
        "end": "2023-11-24",
        "tenure": "Established",
        "return": -0.159693,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2023-12-08",
        "tenure": "New",
        "return": -0.148082,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-12-15",
        "end": "2024-07-19",
        "tenure": "Extended",
        "return": -0.20375,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-26",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": -0.12982,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-04",
        "end": "2025-06-06",
        "tenure": "Extended",
        "return": -0.368132,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-18",
        "tenure": "Developing",
        "return": -0.084404,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": 0.099609,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-14",
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        "return": 0.286496,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": 0.583824,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.144778,
        "active": true
      }
    ],
    "chart_path": [
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      },
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        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 10329127.25,
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        "fair_value": 7.855106,
        "relative_strength": 21.67582,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "energy": 35.541243,
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      },
      {
        "date": "2026-07-24",
        "close": 11.83,
        "volume": 5738210,
        "typical_volume": 9907258.7,
        "trend": 10.634333,
        "fair_value": 7.846087,
        "relative_strength": 25.827931,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "direction": 1.888325,
        "energy": 17.678472,
        "activity_lines": [
          11.006,
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      },
      {
        "date": "2026-07-31",
        "close": 11.7,
        "volume": 5737860,
        "typical_volume": 9163547.15,
        "trend": 10.802333,
        "fair_value": 7.840058,
        "relative_strength": 21.683861,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.559938,
        "energy": 14.064359,
        "activity_lines": [
          11.370667,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 11.07,
        "volume": 5713887,
        "typical_volume": 8572991.45,
        "trend": 10.942333,
        "fair_value": 7.824711,
        "relative_strength": 10.152353,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.085083,
        "energy": 18.526641,
        "activity_lines": [
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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."
    }
  }
}