{
  "ticker": {
    "uuid": "acead8fc-434a-43b0-aeda-fc60dceb8653",
    "symbol": "SFR",
    "name": "Severfield 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": 81.583,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 75.5,
    "architecture_energy": 87.176,
    "architecture_maturity": 32.0,
    "architecture_confidence": 84.606,
    "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": 9.38,
        "rotation_up": 83.06,
        "upward_expansion": 98.91,
        "deceleration": 39.6,
        "rotation_down": 9.41,
        "downward_expansion": 20.91
      },
      "activity_lines": [
        0.379333,
        0.359891,
        0.324455,
        0.309235
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 0.388,
    "trend_reference": 0.2951,
    "distance_from_trend": 0.314809,
    "trend_direction": "Improving",
    "fair_value": 0.46496,
    "distance_from_fair_value": -0.165519,
    "fair_value_direction": "Improving",
    "relative_strength": 20.043005,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.342561,
    "excess_performance": 0.291325,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.314809,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.060494,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.165519,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.315541,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.20043,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.415774,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.342561,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.394746,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2276965,
      "relative_activity": 1.000221,
      "balance": 2.394746,
      "dry_up": 1.02729,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.08069,
      "annualized_volatility": 0.403428,
      "from_high_reference": -0.005128,
      "from_low_reference": 0.821596
    },
    "levels": {
      "trend_reference": 0.2951,
      "fair_value_reference": 0.46496,
      "structural_low": 0.213,
      "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": 14,
        "median_return": 0.004792,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.00061,
        "regime_survival": 0.785714,
        "best_return": 0.105794,
        "worst_return": -0.438497,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.019949,
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        "regime_survival": 0.5,
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        "worst_return": -0.402384,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.00483,
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        "median_excess_return": 0.008474,
        "regime_survival": 0.5,
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        "worst_return": -0.650205,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.572196,
        "sufficient": false
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    ],
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        "regime": "downward_expansion",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 2222944.0,
        "trend": 0.288833,
        "fair_value": 0.467873,
        "relative_strength": 19.184052,
        "stage": 1,
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        "modifier": "Early expansion",
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        "energy": 90.672121,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 0.375,
        "volume": 1734880,
        "typical_volume": 2224213.0,
        "trend": 0.291967,
        "fair_value": 0.46642,
        "relative_strength": 16.479057,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.147148,
        "energy": 87.553965,
        "activity_lines": [
          0.3734,
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          0.315431,
          0.30304
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.388,
        "volume": 2276965,
        "typical_volume": 2276462.55,
        "trend": 0.2951,
        "fair_value": 0.46496,
        "relative_strength": 20.043005,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.50041,
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        "activity_lines": [
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          0.359891,
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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."
    }
  }
}