{ "ticker": { "uuid": "b1078d40-6993-4b70-ba41-05eee8fe63f0", "symbol": "MGAM", "name": "Morgan Advanced Materials 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": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 53.562, "architecture_energy": 61.107, "architecture_maturity": 13.359, "architecture_confidence": 74.291, "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": 28.3, "rotation_up": 66.75, "upward_expansion": 56.76, "deceleration": 27.19, "rotation_down": 22.63, "downward_expansion": 24.43 }, "activity_lines": [ 233.433333, 226.872727, 224.125288, 222.023233 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 254.0, "trend_reference": 222.419029, "distance_from_trend": 0.141989, "trend_direction": "Improving", "fair_value": 246.501071, "distance_from_fair_value": 0.030421, "fair_value_direction": "Improving", "relative_strength": 7.516813, "relative_strength_direction": "Improving", "price_momentum": 0.07433, "excess_performance": 0.023095, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.141989, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022332, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.030421, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.12468, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.075168, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.087714, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.07433, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.61333, "read": "Demand-led" } ], "volume": { "latest": 15977161, "relative_activity": 3.37825, "balance": 5.61333, "dry_up": 2.077127, "accumulation_observations": 6, "distribution_observations": 1 }, "risk": { "range_context": 0.04919, "annualized_volatility": 0.356233, "from_high_reference": -0.011673, "from_low_reference": 0.413121 }, "levels": { "trend_reference": 222.419029, "fair_value_reference": 246.501071, "structural_low": 179.744045, 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221.514329, "fair_value": 246.716929, "relative_strength": -3.502548, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.00843, "energy": 11.179297, "activity_lines": [ 219.033333, 220.318182, 219.700851, 219.646736 ] }, { "date": "2026-07-31", "close": 226.0, "volume": 5980554, "typical_volume": 4215325.55, "trend": 221.649966, "fair_value": 246.501657, "relative_strength": -3.918908, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.779142, "energy": 11.431535, "activity_lines": [ 221.866667, 221.081818, 220.633458, 219.936134 ] }, { "date": "2026-08-07", "close": 254.0, "volume": 15977161, "typical_volume": 4729419.3, "trend": 222.419029, "fair_value": 246.501071, "relative_strength": 7.516813, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.561635, "energy": 61.106887, "activity_lines": [ 233.433333, 226.872727, 224.125288, 222.023233 ] } ], "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." } } }