{
  "ticker": {
    "uuid": "c09cea8f-34d4-40b3-8363-2f5a9c50ed13",
    "symbol": "HTG",
    "name": "Hunting 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": "2026-10-09",
    "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": -61.598,
    "architecture_energy": 47.737,
    "architecture_maturity": 30.842,
    "architecture_confidence": 91.255,
    "architecture_tenure": "Developing",
    "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": 9.65,
        "rotation_up": 18.99,
        "upward_expansion": 6.58,
        "deceleration": 55.1,
        "rotation_down": 61.3,
        "downward_expansion": 82.24
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": -0.833333
    },
    "latest_close": 396.0,
    "trend_reference": 452.425021,
    "distance_from_trend": -0.124717,
    "trend_direction": "Weakening",
    "fair_value": 363.563779,
    "distance_from_fair_value": 0.089217,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.655411,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.191011,
    "excess_performance": -0.186445,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.124717,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.040298,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.089217,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.16331,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.106554,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.131037,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.191011,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.269537,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 2.722109,
      "balance": 0.269537,
      "dry_up": 2.167863,
      "accumulation_observations": 1,
      "distribution_observations": 5
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    "risk": {
      "range_context": 0.092334,
      "annualized_volatility": 0.372402,
      "from_high_reference": -0.283808,
      "from_low_reference": 0.32018
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    "levels": {
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      "fair_value_reference": 363.563779,
      "structural_low": 372.470337,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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      },
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      {
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      },
      {
        "date": "2026-09-18",
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        "typical_volume": 738499.25,
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        "stage": 4,
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        "direction": -67.732681,
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      },
      {
        "date": "2026-09-25",
        "close": 384.803802,
        "volume": 1143218,
        "typical_volume": 727098.25,
        "trend": 459.420529,
        "fair_value": 362.35611,
        "relative_strength": -14.196602,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.905495,
        "energy": 74.318747,
        "activity_lines": [
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      },
      {
        "date": "2026-10-02",
        "close": 383.0,
        "volume": 2261677,
        "typical_volume": 776979.3,
        "trend": 455.222841,
        "fair_value": 362.995149,
        "relative_strength": -12.696546,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.122027,
        "energy": 64.335208,
        "activity_lines": [
          386.998117,
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          421.503352,
          437.1463
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      },
      {
        "date": "2026-10-09",
        "close": 396.0,
        "volume": 2240495,
        "typical_volume": 823073.35,
        "trend": 452.425021,
        "fair_value": 363.563779,
        "relative_strength": -10.655411,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.597822,
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        "activity_lines": [
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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."
    }
  }
}