{ "ticker": { "uuid": "b73f18a4-9eb4-426b-99a4-3972b23eed9d", "symbol": "SQZ", "name": "Serica Energy 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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 80.049, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -16.278, "architecture_energy": 14.684, "architecture_maturity": 43.725, "architecture_confidence": 62.941, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 41.8, "rotation_up": 38.86, "upward_expansion": 26.84, "deceleration": 48.0, "rotation_down": 30.89, "downward_expansion": 33.84 }, "activity_lines": [ 237.413333, 234.429275, 243.475935, 247.244175 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 229.6, "trend_reference": 245.361983, "distance_from_trend": -0.06424, "trend_direction": "Improving", "fair_value": 185.694528, "distance_from_fair_value": 0.236439, "fair_value_direction": "Weakening", "relative_strength": -2.859893, "relative_strength_direction": "Weakening", "price_momentum": 0.101199, "excess_performance": 0.049964, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.06424, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.07434, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.236439, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.189477, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.028599, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.284632, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.101199, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.683004, "read": "Supply-led" } ], "volume": { "latest": 11052572, "relative_activity": 1.355238, "balance": 0.683004, "dry_up": 1.093475, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.086905, "annualized_volatility": 0.44909, "from_high_reference": -0.240422, "from_low_reference": 0.799373 }, "levels": { "trend_reference": 245.361983, "fair_value_reference": 185.694528, "structural_low": 205.0, "invalidation": "A 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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." } } }