{
  "ticker": {
    "uuid": "db5388a4-12e9-4fab-af6a-8401271c2eb4",
    "symbol": "APTD",
    "name": "Aptitude Software Group 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -64.551,
    "architecture_energy": 56.982,
    "architecture_maturity": 62.666,
    "architecture_confidence": 90.352,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 3.48,
        "rotation_up": 17.8,
        "upward_expansion": 10.0,
        "deceleration": 44.24,
        "rotation_down": 67.02,
        "downward_expansion": 88.0
      },
      "activity_lines": [
        198.4,
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        211.510373,
        217.333708
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 198.0,
    "trend_reference": 228.460337,
    "distance_from_trend": -0.133329,
    "trend_direction": "Weakening",
    "fair_value": 292.682516,
    "distance_from_fair_value": -0.323499,
    "fair_value_direction": "Weakening",
    "relative_strength": -29.038033,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.201486,
    "excess_performance": -0.252721,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.133329,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.10785,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.323499,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.109157,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.29038,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.085809,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.201486,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.726699,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 331177,
      "relative_activity": 2.552326,
      "balance": 0.726699,
      "dry_up": 1.70563,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.076119,
      "annualized_volatility": 0.335702,
      "from_high_reference": -0.354946,
      "from_low_reference": 0.015385
    },
    "levels": {
      "trend_reference": 228.460337,
      "fair_value_reference": 292.682516,
      "structural_low": 195.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 31,
        "median_return": 0.005917,
        "positive_rate": 0.548387,
        "directional_follow_through": 0.419355,
        "median_excess_return": 0.00031,
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        "worst_return": -0.260417,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "date": "2026-07-17",
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        "typical_volume": 130516.85,
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      },
      {
        "date": "2026-07-24",
        "close": 201.0,
        "volume": 87000,
        "typical_volume": 118813.65,
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        "fair_value": 293.892187,
        "relative_strength": -28.339319,
        "stage": 4,
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        "gate": "down",
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        "energy": 70.317107,
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          201.266667,
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      },
      {
        "date": "2026-07-31",
        "close": 196.0,
        "volume": 176402,
        "typical_volume": 116459.35,
        "trend": 231.692104,
        "fair_value": 293.309773,
        "relative_strength": -30.202982,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.025959,
        "energy": 67.474604,
        "activity_lines": [
          198.8,
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      },
      {
        "date": "2026-08-07",
        "close": 198.0,
        "volume": 331177,
        "typical_volume": 129755.0,
        "trend": 228.460337,
        "fair_value": 292.682516,
        "relative_strength": -29.038033,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.551367,
        "energy": 56.981777,
        "activity_lines": [
          198.4,
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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."
    }
  }
}