{
  "ticker": {
    "uuid": "a59dc909-d3cd-4ff4-9a84-e4911b158876",
    "symbol": "IFT",
    "name": "Infratil Limited",
    "exchange": "ASX",
    "country": "AU",
    "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": "^AXJO",
    "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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 60.213,
    "architecture_energy": 49.283,
    "architecture_maturity": 77.131,
    "architecture_confidence": 79.981,
    "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": 17.95,
        "rotation_up": 46.64,
        "upward_expansion": 82.06,
        "deceleration": 67.33,
        "rotation_down": 29.41,
        "downward_expansion": 8.73
      },
      "activity_lines": [
        12.638667,
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        12.346678,
        11.720436
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 12.5,
    "trend_reference": 10.921234,
    "distance_from_trend": 0.144559,
    "trend_direction": "Improving",
    "fair_value": 10.065289,
    "distance_from_fair_value": 0.241892,
    "fair_value_direction": "Weakening",
    "relative_strength": 11.133653,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.415251,
    "excess_performance": 0.351545,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.144559,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.087805,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.241892,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.021647,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.111337,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.115175,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.415251,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.309913,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1002793,
      "relative_activity": 0.633448,
      "balance": 1.309913,
      "dry_up": 1.062989,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.045914,
      "annualized_volatility": 0.32936,
      "from_high_reference": -0.055792,
      "from_low_reference": 0.434594
    },
    "levels": {
      "trend_reference": 10.921234,
      "fair_value_reference": 10.065289,
      "structural_low": 8.713268,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 35,
        "median_return": -0.002116,
        "positive_rate": 0.457143,
        "directional_follow_through": 0.457143,
        "median_excess_return": -0.008661,
        "regime_survival": 0.714286,
        "best_return": 0.100418,
        "worst_return": -0.136201,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.162852,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "worst_return": -0.188301,
        "sufficient": true
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        "horizon": "Full cycle",
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        "worst_return": -0.021475,
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        "regime": "deceleration",
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      },
      {
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      },
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      },
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      },
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 1599639.25,
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        "stage": 2,
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 1607614.45,
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        "fair_value": 9.963664,
        "relative_strength": 22.434997,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 61.179613,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 12.85,
        "volume": 1807723,
        "typical_volume": 1635075.45,
        "trend": 10.631791,
        "fair_value": 9.991064,
        "relative_strength": 21.378775,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.454441,
        "energy": 59.404784,
        "activity_lines": [
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          12.005558,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.9,
        "volume": 1575770,
        "typical_volume": 1614940.6,
        "trend": 10.730991,
        "fair_value": 10.017929,
        "relative_strength": 21.67013,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.903111,
        "energy": 58.976612,
        "activity_lines": [
          12.800667,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.44,
        "volume": 2344859,
        "typical_volume": 1648199.35,
        "trend": 10.822797,
        "fair_value": 10.0416,
        "relative_strength": 14.339957,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.313674,
        "energy": 51.527064,
        "activity_lines": [
          12.712,
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          12.261548,
          11.61223
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.5,
        "volume": 1002793,
        "typical_volume": 1583069.5,
        "trend": 10.921234,
        "fair_value": 10.065289,
        "relative_strength": 11.133653,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.21332,
        "energy": 49.28337,
        "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."
    }
  }
}