{
  "ticker": {
    "uuid": "d4ff924f-dede-4184-a80b-45b688e7c916",
    "symbol": "MSI",
    "name": "MS INTERNATIONAL 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": 72.614,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 46.036,
    "architecture_energy": 23.808,
    "architecture_maturity": 30.945,
    "architecture_confidence": 56.517,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 48.77,
        "rotation_up": 43.23,
        "upward_expansion": 57.26,
        "deceleration": 62.85,
        "rotation_down": 17.41,
        "downward_expansion": 14.26
      },
      "activity_lines": [
        1512.0,
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        1514.77381,
        1484.370824
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 1600.0,
    "trend_reference": 1437.247778,
    "distance_from_trend": 0.113239,
    "trend_direction": "Weakening",
    "fair_value": 1104.61608,
    "distance_from_fair_value": 0.448467,
    "fair_value_direction": "Weakening",
    "relative_strength": 2.70145,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.180812,
    "excess_performance": 0.129577,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.113239,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.002527,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.448467,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.291111,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.027014,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.207314,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.180812,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.479902,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 69468,
      "relative_activity": 0.699056,
      "balance": 0.479902,
      "dry_up": 0.893488,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.07262,
      "annualized_volatility": 0.469624,
      "from_high_reference": -0.111111,
      "from_low_reference": 0.428571
    },
    "levels": {
      "trend_reference": 1437.247778,
      "fair_value_reference": 1104.61608,
      "structural_low": 1120.0,
      "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": 19,
        "median_return": 0.004951,
        "positive_rate": 0.578947,
        "directional_follow_through": 0.578947,
        "median_excess_return": 0.018245,
        "regime_survival": 0.631579,
        "best_return": 0.233129,
        "worst_return": -0.166667,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.034586,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.004681,
        "regime_survival": 0.125,
        "best_return": 0.237705,
        "worst_return": -0.093023,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.108775,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.053763,
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        "best_return": 1.370113,
        "worst_return": 0.024564,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.254042,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.182757,
        "regime_survival": 0.5,
        "best_return": 0.479953,
        "worst_return": 0.072073,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-02-21",
        "tenure": "Established",
        "return": -0.123763,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-28",
        "end": "2025-03-07",
        "tenure": "New",
        "return": 0.079365,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-03-21",
        "tenure": "New",
        "return": -0.01199,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-04-04",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.222222,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.009045,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-08-15",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-12-05",
        "tenure": "Established",
        "return": 0.110236,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2026-02-06",
        "tenure": "Developing",
        "return": 0.075452,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-03-06",
        "tenure": "New",
        "return": 0.069767,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.14781,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": 0.024691,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.070769,
        "active": false
      },
      {
        "regime": "deceleration",
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        "active": true
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      },
      {
        "date": "2026-06-05",
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      },
      {
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 162556,
        "typical_volume": 105358.45,
        "trend": 1435.74019,
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        "stage": 2,
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      },
      {
        "date": "2026-07-24",
        "close": 1480.0,
        "volume": 86537,
        "typical_volume": 101639.55,
        "trend": 1435.576042,
        "fair_value": 1093.200444,
        "relative_strength": -3.446714,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 23.001198,
        "energy": 11.652854,
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      },
      {
        "date": "2026-07-31",
        "close": 1440.0,
        "volume": 36597,
        "typical_volume": 100550.35,
        "trend": 1435.578483,
        "fair_value": 1098.395442,
        "relative_strength": -7.212429,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.245699,
        "energy": 8.539417,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 1600.0,
        "volume": 69468,
        "typical_volume": 99374.05,
        "trend": 1437.247778,
        "fair_value": 1104.61608,
        "relative_strength": 2.70145,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.036487,
        "energy": 23.808173,
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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."
    }
  }
}