{ "ticker": { "uuid": "be9029c5-37f5-4d4a-ad98-6a7c7f05ae59", "symbol": "NGL0", "name": "Anglo American plc", "exchange": "GER", "country": "DE", "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": "^GDAXI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 53.669, "architecture_energy": 25.991, "architecture_maturity": 38.815, "architecture_confidence": 57.615, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 39.12, "rotation_up": 41.87, "upward_expansion": 62.8, "deceleration": 62.65, "rotation_down": 24.38, "downward_expansion": 15.13 }, "activity_lines": [ 44.255333, 43.952364, 43.972952, 42.920485 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 47.009998, "trend_reference": 41.626931, "distance_from_trend": 0.129317, "trend_direction": "Improving", "fair_value": 29.036026, "distance_from_fair_value": 0.619023, "fair_value_direction": "Weakening", "relative_strength": 16.806001, "relative_strength_direction": "Weakening", "price_momentum": 0.198206, "excess_performance": 0.133566, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.129317, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.094368, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.619023, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.02016, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.16806, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.199235, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.198206, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.894002, "read": "Supply-led" } ], "volume": { "latest": 47002, "relative_activity": 0.938166, "balance": 0.894002, "dry_up": 0.926808, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.067334, "annualized_volatility": 0.382435, "from_high_reference": -0.020625, "from_low_reference": 0.924487 }, "levels": { "trend_reference": 41.626931, "fair_value_reference": 29.036026, "structural_low": 31.9, "invalidation": "A 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"modifier": "Recompressing", "gate": "up", "direction": 10.16825, "energy": 17.188535, "activity_lines": [ 42.418001, 43.633455, 43.209915, 42.190982 ] }, { "date": "2026-07-24", "close": 43.68, "volume": 51363, "typical_volume": 51734.25, "trend": 41.00941, "fair_value": 28.749699, "relative_strength": 15.926045, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.274557, "energy": 19.040944, "activity_lines": [ 42.616001, 43.53291, 43.39281, 42.383762 ] }, { "date": "2026-07-31", "close": 43.61, "volume": 43184, "typical_volume": 50043.85, "trend": 41.291377, "fair_value": 28.878898, "relative_strength": 12.330606, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.983997, "energy": 14.529143, "activity_lines": [ 42.882667, 43.424909, 43.538381, 42.551542 ] }, { "date": "2026-08-07", "close": 47.009998, "volume": 47002, "typical_volume": 50099.9, "trend": 41.626931, "fair_value": 29.036026, "relative_strength": 16.806001, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.668533, "energy": 25.990596, "activity_lines": [ 44.255333, 43.952364, 43.972952, 42.920485 ] } ], "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." } } }