{
  "ticker": {
    "uuid": "b89c45d7-4af3-4e4d-9055-40efb4d9cb82",
    "symbol": "RTO",
    "name": "Rentokil Initial 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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -84.9,
    "architecture_energy": 91.893,
    "architecture_maturity": 24.76,
    "architecture_confidence": 83.006,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 17.3,
        "rotation_up": 8.49,
        "upward_expansion": 21.67,
        "deceleration": 37.11,
        "rotation_down": 78.14,
        "downward_expansion": 92.67
      },
      "activity_lines": [
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        444.845058
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 360.1,
    "trend_reference": 455.537302,
    "distance_from_trend": -0.209505,
    "trend_direction": "Weakening",
    "fair_value": 426.597335,
    "distance_from_fair_value": -0.155878,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.476209,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.217078,
    "excess_performance": -0.268314,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.209505,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.004652,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.155878,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.250621,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.234762,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.33811,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.217078,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.357519,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 99465727,
      "relative_activity": 2.814019,
      "balance": 0.357519,
      "dry_up": 1.946364,
      "accumulation_observations": 1,
      "distribution_observations": 6
    },
    "risk": {
      "range_context": 0.073804,
      "annualized_volatility": 0.370134,
      "from_high_reference": -0.289744,
      "from_low_reference": 0.092536
    },
    "levels": {
      "trend_reference": 455.537302,
      "fair_value_reference": 426.597335,
      "structural_low": 329.6,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 21,
        "median_return": 0.007618,
        "positive_rate": 0.619048,
        "directional_follow_through": 0.380952,
        "median_excess_return": 0.02421,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.135933,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "positive_rate": 0.4,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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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": 29843889.05,
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        "fair_value": 429.88586,
        "relative_strength": -8.760798,
        "stage": 3,
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      },
      {
        "date": "2026-07-31",
        "close": 344.8,
        "volume": 118028044,
        "typical_volume": 32642430.2,
        "trend": 459.245384,
        "fair_value": 428.20345,
        "relative_strength": -26.784647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -91.878077,
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      },
      {
        "date": "2026-08-07",
        "close": 360.1,
        "volume": 99465727,
        "typical_volume": 35346505.3,
        "trend": 455.537302,
        "fair_value": 426.597335,
        "relative_strength": -23.476209,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
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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."
    }
  }
}