{
  "ticker": {
    "uuid": "c9115d2f-bea7-4533-81fe-e8105829bafd",
    "symbol": "SVT",
    "name": "Severn Trent 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 49.541,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 12.676,
    "architecture_energy": 16.766,
    "architecture_maturity": 15.927,
    "architecture_confidence": 77.306,
    "architecture_tenure": "New",
    "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": 66.04,
        "rotation_up": 52.38,
        "upward_expansion": 30.25,
        "deceleration": 35.8,
        "rotation_down": 13.75,
        "downward_expansion": 19.58
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 3142.0,
    "trend_reference": 3044.893188,
    "distance_from_trend": 0.031892,
    "trend_direction": "Improving",
    "fair_value": 2672.128725,
    "distance_from_fair_value": 0.175842,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.090784,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.054265,
    "excess_performance": 0.003029,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.031892,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.02312,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.175842,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.010894,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.000908,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.045642,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.054265,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.642164,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2655995,
      "relative_activity": 0.980044,
      "balance": 0.642164,
      "dry_up": 0.998122,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
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      "annualized_volatility": 0.290597,
      "from_high_reference": -0.057642,
      "from_low_reference": 0.320167
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    "levels": {
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      "fair_value_reference": 2672.128725,
      "structural_low": 2836.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 18,
        "median_return": -0.029755,
        "positive_rate": 0.222222,
        "directional_follow_through": 0.222222,
        "median_excess_return": -0.03315,
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        "worst_return": -0.160333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.120473,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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      },
      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "volume": 1968882,
        "typical_volume": 2805691.75,
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        "fair_value": 2663.971608,
        "relative_strength": -2.404179,
        "stage": 3,
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      },
      {
        "date": "2026-07-31",
        "close": 3018.0,
        "volume": 2469042,
        "typical_volume": 2788637.1,
        "trend": 3037.036328,
        "fair_value": 2667.371055,
        "relative_strength": -3.556271,
        "stage": 3,
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        "modifier": "Balance after decline",
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        "energy": 16.492505,
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      },
      {
        "date": "2026-08-07",
        "close": 3142.0,
        "volume": 2655995,
        "typical_volume": 2710076.3,
        "trend": 3044.893188,
        "fair_value": 2672.128725,
        "relative_strength": 0.090784,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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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."
    }
  }
}