{
  "ticker": {
    "uuid": "db82a20d-e63e-4ee4-a510-6da63e5c6db9",
    "symbol": "INF",
    "name": "Informa 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 51.795,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 66.726,
    "architecture_energy": 44.54,
    "architecture_maturity": 26.682,
    "architecture_confidence": 42.716,
    "architecture_tenure": "New",
    "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": 27.97,
        "rotation_up": 46.11,
        "upward_expansion": 70.42,
        "deceleration": 70.22,
        "rotation_down": 23.85,
        "downward_expansion": 10.75
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 904.4,
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    "distance_from_trend": 0.082995,
    "trend_direction": "Weakening",
    "fair_value": 822.939531,
    "distance_from_fair_value": 0.098987,
    "fair_value_direction": "Improving",
    "relative_strength": -4.204808,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.080208,
    "excess_performance": 0.028973,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082995,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.016516,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.098987,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.096341,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.042048,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.066611,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.080208,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.783486,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 18970252,
      "relative_activity": 1.164749,
      "balance": 0.783486,
      "dry_up": 1.082964,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.041919,
      "annualized_volatility": 0.233629,
      "from_high_reference": -0.095434,
      "from_low_reference": 0.258089
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    "levels": {
      "trend_reference": 835.091427,
      "fair_value_reference": 822.939531,
      "structural_low": 718.867892,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 29,
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        "positive_rate": 0.517241,
        "directional_follow_through": 0.517241,
        "median_excess_return": 6.8e-05,
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      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "fair_value": 821.860785,
        "relative_strength": -6.925883,
        "stage": 1,
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        "modifier": "Early expansion",
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        "direction": 55.350808,
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        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
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        "typical_volume": 16286986.05,
        "trend": 835.091427,
        "fair_value": 822.939531,
        "relative_strength": -4.204808,
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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."
    }
  }
}