{
  "ticker": {
    "uuid": "d1741aca-b04f-4ffa-889c-a88ed5636b05",
    "symbol": "SYNC",
    "name": "Syncona Limited",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 71.025,
    "architecture_energy": 58.788,
    "architecture_maturity": 23.749,
    "architecture_confidence": 84.528,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 14.66,
        "rotation_up": 62.6,
        "upward_expansion": 82.78,
        "deceleration": 60.43,
        "rotation_down": 19.67,
        "downward_expansion": 9.44
      },
      "activity_lines": [
        1.071733,
        1.058436,
        1.016838,
        0.993843
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": 0.666667
    },
    "latest_close": 1.086,
    "trend_reference": 0.9767,
    "distance_from_trend": 0.111907,
    "trend_direction": "Improving",
    "fair_value": 1.058256,
    "distance_from_fair_value": 0.026216,
    "fair_value_direction": "Improving",
    "relative_strength": 2.655702,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.092555,
    "excess_performance": 0.04132,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.111907,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.026988,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.026216,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.185204,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.026557,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.10858,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.092555,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.772589,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4219774,
      "relative_activity": 1.571445,
      "balance": 2.772589,
      "dry_up": 1.438738,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.041424,
      "annualized_volatility": 0.196044,
      "from_high_reference": -0.010929,
      "from_low_reference": 0.251152
    },
    "levels": {
      "trend_reference": 0.9767,
      "fair_value_reference": 1.058256,
      "structural_low": 0.868,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 7,
        "median_return": -0.016736,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.023514,
        "regime_survival": 0.571429,
        "best_return": 0.014953,
        "worst_return": -0.164444,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
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        "sufficient": false
      },
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        "horizon": "Extended",
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        "worst_return": -0.134951,
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2646960.0,
        "trend": 0.965133,
        "fair_value": 1.06691,
        "relative_strength": 3.559701,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.192088,
        "energy": 87.27814,
        "activity_lines": [
          1.0616,
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      },
      {
        "date": "2026-07-24",
        "close": 1.06,
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        "typical_volume": 2579202.75,
        "trend": 0.969133,
        "fair_value": 1.063897,
        "relative_strength": 1.42483,
        "stage": 2,
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        "modifier": "Early expansion",
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        "direction": 65.855551,
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          1.067067,
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      },
      {
        "date": "2026-07-31",
        "close": 1.064,
        "volume": 3616331,
        "typical_volume": 2646337.4,
        "trend": 0.972767,
        "fair_value": 1.060974,
        "relative_strength": 0.741353,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.992786,
        "energy": 67.747255,
        "activity_lines": [
          1.0672,
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          1.005833,
          0.986538
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.086,
        "volume": 4219774,
        "typical_volume": 2685281.95,
        "trend": 0.9767,
        "fair_value": 1.058256,
        "relative_strength": 2.655702,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.024509,
        "energy": 58.787799,
        "activity_lines": [
          1.071733,
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          0.993843
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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."
    }
  }
}