{ "ticker": { "uuid": "bde0f982-5afd-44a1-8b06-296841d4d177", "symbol": "NBB", "name": "Norman Broadbent 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -40.721, "architecture_energy": 29.848, "architecture_maturity": 100.0, "architecture_confidence": 75.004, "architecture_tenure": "Established", "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": 36.59, "rotation_up": 27.93, "upward_expansion": 23.37, "deceleration": 47.0, "rotation_down": 25.84, "downward_expansion": 59.7 }, "activity_lines": [ 187.566667, 184.136364, 189.909524, 199.136559 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 185.0, "trend_reference": 211.35, "distance_from_trend": -0.124675, "trend_direction": "Weakening", "fair_value": 210.552019, "distance_from_fair_value": -0.121357, "fair_value_direction": "Weakening", "relative_strength": -22.986365, "relative_strength_direction": "Weakening", "price_momentum": -0.244898, "excess_performance": -0.311177, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.124675, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.080754, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.121357, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.149825, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.229864, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.22625, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.244898, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.319287, "read": "Demand-led" } ], "volume": { "latest": 20907, "relative_activity": 2.548624, "balance": 1.319287, "dry_up": 2.228568, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.052865, "annualized_volatility": 0.202905, "from_high_reference": -0.288462, "from_low_reference": 0.088235 }, "levels": { "trend_reference": 211.35, "fair_value_reference": 210.552019, 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181.0, "volume": 10622, "typical_volume": 5668.4, "trend": 217.35, "fair_value": 210.455863, "relative_strength": -21.572591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.371082, "energy": 85.904427, "activity_lines": [ 177.466667, 182.763636, 196.347619, 206.243011 ] }, { "date": "2026-07-17", "close": 182.5, "volume": 6763, "typical_volume": 5998.65, "trend": 215.683333, "fair_value": 210.447851, "relative_strength": -21.729464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.311422, "energy": 66.200446, "activity_lines": [ 179.033333, 181.636364, 193.916667, 203.994624 ] }, { "date": "2026-07-24", "close": 187.5, "volume": 14655, "typical_volume": 6328.5, "trend": 214.183333, "fair_value": 210.47189, "relative_strength": -20.64763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.785391, "energy": 57.4938, "activity_lines": [ 182.433333, 182.009091, 192.2, 202.176344 ] }, { "date": "2026-07-31", "close": 195.0, "volume": 30801, "typical_volume": 7720.8, "trend": 212.933333, "fair_value": 210.544006, "relative_strength": -18.559005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.318899, "energy": 39.404232, "activity_lines": [ 187.333333, 183.990909, 191.435714, 200.93871 ] }, { "date": "2026-08-07", "close": 185.0, "volume": 20907, "typical_volume": 8203.25, "trend": 211.35, "fair_value": 210.552019, "relative_strength": -22.986365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.720655, "energy": 29.848129, "activity_lines": [ 187.566667, 184.136364, 189.909524, 199.136559 ] } ], "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." } } }