{ "ticker": { "uuid": "c15f0d39-e93d-4975-94d0-2777709d0812", "symbol": "FNX", "name": "Fonix 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 65.848, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 25.562, "architecture_energy": 41.418, "architecture_maturity": 5.455, "architecture_confidence": 64.834, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 38.42, "rotation_up": 62.79, "upward_expansion": 45.72, "deceleration": 25.9, "rotation_down": 14.5, "downward_expansion": 20.72 }, "activity_lines": [ 169.65, 164.136364, 161.735714, 162.230421 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 172.0, "trend_reference": 164.88014, "distance_from_trend": 0.043182, "trend_direction": "Weakening", "fair_value": 207.388097, "distance_from_fair_value": -0.170637, "fair_value_direction": "Improving", "relative_strength": -11.808689, "relative_strength_direction": "Improving", "price_momentum": -0.089764, "excess_performance": -0.156043, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043182, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.04401, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.170637, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.027059, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.118087, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.069052, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.089764, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.090657, "read": "Demand-led" } ], "volume": { "latest": 625776, "relative_activity": 0.76479, "balance": 1.090657, "dry_up": 1.165388, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.059034, "annualized_volatility": 0.403336, "from_high_reference": -0.294941, "from_low_reference": 0.192366 }, "levels": { "trend_reference": 164.88014, "fair_value_reference": 207.388097, "structural_low": 144.251007, 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1304595, "typical_volume": 878895.15, "trend": 164.577867, "fair_value": 207.733862, "relative_strength": -13.715933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.772447, "energy": 14.810589, "activity_lines": [ 161.316667, 157.881818, 158.930508, 160.976023 ] }, { "date": "2026-07-31", "close": 177.0, "volume": 1285478, "typical_volume": 892369.7, "trend": 164.97897, "fair_value": 207.572204, "relative_strength": -9.737636, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.091842, "energy": 32.484389, "activity_lines": [ 167.133333, 161.640909, 160.631993, 161.777451 ] }, { "date": "2026-08-07", "close": 172.0, "volume": 625776, "typical_volume": 818232.95, "trend": 164.88014, "fair_value": 207.388097, "relative_strength": -11.808689, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.561958, "energy": 41.418197, "activity_lines": [ 169.65, 164.136364, 161.735714, 162.230421 ] } ], "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." } } }