{
  "ticker": {
    "uuid": "c0bce948-04f1-42fd-a1ba-a59895333706",
    "symbol": "ULVR",
    "name": "Unilever 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": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 66.41,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 16.948,
    "architecture_energy": 16.995,
    "architecture_maturity": 10.882,
    "architecture_confidence": 50.087,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 42.41,
        "rotation_up": 52.64,
        "upward_expansion": 44.34,
        "deceleration": 26.15,
        "rotation_down": 19.93,
        "downward_expansion": 14.68
      },
      "activity_lines": [
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      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 4670.0,
    "trend_reference": 4619.046488,
    "distance_from_trend": 0.011031,
    "trend_direction": "Weakening",
    "fair_value": 4677.100688,
    "distance_from_fair_value": -0.001518,
    "fair_value_direction": "Improving",
    "relative_strength": -9.10802,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.110325,
    "excess_performance": -0.16156,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.011031,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.022186,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.001518,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.083285,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.09108,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.078375,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.110325,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.628396,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 18443249,
      "relative_activity": 0.789415,
      "balance": 0.628396,
      "dry_up": 0.867378,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.08716,
      "annualized_volatility": 0.247593,
      "from_high_reference": -0.157217,
      "from_low_reference": 0.291629
    },
    "levels": {
      "trend_reference": 4619.046488,
      "fair_value_reference": 4677.100688,
      "structural_low": 3615.5885,
      "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": 23,
        "median_return": -0.014542,
        "positive_rate": 0.434783,
        "directional_follow_through": 0.434783,
        "median_excess_return": -0.014488,
        "regime_survival": 0.565217,
        "best_return": 0.140817,
        "worst_return": -0.070209,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "median_excess_return": -0.047675,
        "regime_survival": 0.2,
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        "worst_return": -0.143116,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.285714,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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      {
        "regime": "rotation_up",
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        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
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      },
      {
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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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."
    }
  }
}