{
  "ticker": {
    "uuid": "eacfd7ab-c441-4ea8-a267-4bbf5dc6eafb",
    "symbol": "HAN",
    "name": "Hansa Investment Company 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 59.962,
    "architecture_energy": 42.266,
    "architecture_maturity": 35.79,
    "architecture_confidence": 70.564,
    "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": 21.29,
        "rotation_up": 45.02,
        "upward_expansion": 77.18,
        "deceleration": 69.22,
        "rotation_down": 26.16,
        "downward_expansion": 6.18
      },
      "activity_lines": [
        331.33006,
        329.483104,
        321.174237,
        310.893782
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 334.0,
    "trend_reference": 298.59673,
    "distance_from_trend": 0.118565,
    "trend_direction": "Improving",
    "fair_value": 240.31158,
    "distance_from_fair_value": 0.389862,
    "fair_value_direction": "Improving",
    "relative_strength": 7.904416,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.197133,
    "excess_performance": 0.145897,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.118565,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.068962,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.389862,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.115764,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.079044,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.057103,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.197133,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.967729,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 548243,
      "relative_activity": 1.75753,
      "balance": 1.967729,
      "dry_up": 1.113499,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.054028,
      "annualized_volatility": 0.184648,
      "from_high_reference": -0.02907,
      "from_low_reference": 0.336
    },
    "levels": {
      "trend_reference": 298.59673,
      "fair_value_reference": 240.31158,
      "structural_low": 264.0,
      "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": 26,
        "median_return": 0.005755,
        "positive_rate": 0.576923,
        "directional_follow_through": 0.576923,
        "median_excess_return": -0.007641,
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        "best_return": 0.151724,
        "worst_return": -0.059795,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
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        "regime_survival": 0.5,
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        "worst_return": -0.055521,
        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
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        "regime_survival": 0.333333,
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        "worst_return": -0.085404,
        "sufficient": true
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        "horizon": "Full cycle",
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.196461,
        "sufficient": false
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        "end": "2023-10-13",
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        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.110169,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Developing",
        "return": 0.127962,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "active": false
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "volume": 149922,
        "typical_volume": 271805.3,
        "trend": 292.730063,
        "fair_value": 237.172785,
        "relative_strength": 8.495235,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 56.865698,
        "energy": 44.190691,
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      },
      {
        "date": "2026-07-24",
        "close": 324.0,
        "volume": 513547,
        "typical_volume": 289466.95,
        "trend": 294.463397,
        "fair_value": 238.147476,
        "relative_strength": 6.438676,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.73121,
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        "activity_lines": [
          325.991,
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      },
      {
        "date": "2026-07-31",
        "close": 336.0,
        "volume": 177666,
        "typical_volume": 291304.05,
        "trend": 296.59673,
        "fair_value": 239.23754,
        "relative_strength": 8.984775,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.949452,
        "energy": 45.6039,
        "activity_lines": [
          329.46012,
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          318.530912,
          308.480668
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      },
      {
        "date": "2026-08-07",
        "close": 334.0,
        "volume": 548243,
        "typical_volume": 311939.55,
        "trend": 298.59673,
        "fair_value": 240.31158,
        "relative_strength": 7.904416,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.96226,
        "energy": 42.265914,
        "activity_lines": [
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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."
    }
  }
}