{
  "ticker": {
    "uuid": "d7d5efc2-d17b-45bb-9966-ea76d8cfffe2",
    "symbol": "JNEO",
    "name": "Journeo 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": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 68.472,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "up",
    "architecture_direction": 74.583,
    "architecture_energy": 71.365,
    "architecture_maturity": 19.303,
    "architecture_confidence": 74.368,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 12.88,
        "rotation_up": 74.56,
        "upward_expansion": 90.44,
        "deceleration": 44.43,
        "rotation_down": 11.38,
        "downward_expansion": 14.77
      },
      "activity_lines": [
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        445.64086
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 495.0,
    "trend_reference": 443.433333,
    "distance_from_trend": 0.11629,
    "trend_direction": "Weakening",
    "fair_value": 319.682692,
    "distance_from_fair_value": 0.54841,
    "fair_value_direction": "Improving",
    "relative_strength": 0.597347,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.079607,
    "excess_performance": 0.013329,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.11629,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.01841,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.54841,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.137815,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.005973,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.083942,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.079607,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.506169,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 401512,
      "relative_activity": 1.961617,
      "balance": 1.506169,
      "dry_up": 1.607383,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.052342,
      "annualized_volatility": 0.339032,
      "from_high_reference": -0.106498,
      "from_low_reference": 0.394366
    },
    "levels": {
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      "fair_value_reference": 319.682692,
      "structural_low": 360.0,
      "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": 6,
        "median_return": 0.031391,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.01242,
        "regime_survival": 0.333333,
        "best_return": 0.229032,
        "worst_return": -0.192727,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "directional_follow_through": 0.5,
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        "regime_survival": 0.0,
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        "worst_return": -0.122689,
        "sufficient": false
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.5,
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        "regime_survival": 0.0,
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        "worst_return": -0.163636,
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      },
      {
        "horizon": "Full cycle",
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        "directional_follow_through": 1.0,
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        "worst_return": 0.276364,
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    ],
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      {
        "regime": "balance",
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      {
        "regime": "rotation_down",
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        "regime": "downward_expansion",
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      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
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        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      {
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      },
      {
        "date": "2026-05-08",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 279757.9,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 300549.15,
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 297137.35,
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        "relative_strength": -10.366512,
        "stage": 4,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": -5.464882,
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      },
      {
        "date": "2026-06-26",
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        "volume": 54084,
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        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 20.435667,
        "activity_lines": [
          440.0,
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      },
      {
        "date": "2026-07-03",
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        "volume": 31598,
        "typical_volume": 230321.9,
        "trend": 444.85,
        "fair_value": 309.423077,
        "relative_strength": -3.541534,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
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        "activity_lines": [
          450.166667,
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      },
      {
        "date": "2026-07-10",
        "close": 480.0,
        "volume": 146233,
        "typical_volume": 199346.85,
        "trend": 445.1,
        "fair_value": 311.608974,
        "relative_strength": 1.226023,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 42.190166,
        "energy": 61.553279,
        "activity_lines": [
          462.0,
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      },
      {
        "date": "2026-07-17",
        "close": 477.5,
        "volume": 258701,
        "typical_volume": 190957.05,
        "trend": 445.683333,
        "fair_value": 313.682692,
        "relative_strength": -0.35461,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 46.875279,
        "energy": 67.897864,
        "activity_lines": [
          469.5,
          454.272727,
          438.607143,
          438.064516
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      },
      {
        "date": "2026-07-24",
        "close": 480.0,
        "volume": 212608,
        "typical_volume": 188902.35,
        "trend": 444.716667,
        "fair_value": 315.705128,
        "relative_strength": -1.004489,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.314047,
        "energy": 68.455848,
        "activity_lines": [
          475.333333,
          461.363636,
          443.309524,
          440.278495
        ]
      },
      {
        "date": "2026-07-31",
        "close": 476.5,
        "volume": 443203,
        "typical_volume": 199192.05,
        "trend": 443.666667,
        "fair_value": 317.644231,
        "relative_strength": -2.735929,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 37.51553,
        "energy": 61.659989,
        "activity_lines": [
          477.333333,
          466.454545,
          447.678571,
          442.329032
        ]
      },
      {
        "date": "2026-08-07",
        "close": 495.0,
        "volume": 401512,
        "typical_volume": 204684.2,
        "trend": 443.433333,
        "fair_value": 319.682692,
        "relative_strength": 0.597347,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 74.582698,
        "energy": 71.364861,
        "activity_lines": [
          483.733333,
          473.7,
          453.516667,
          445.64086
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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."
    }
  }
}