{ "ticker": { "uuid": "ed2a08ca-67a4-4be9-a11c-d08e0621a105", "symbol": "FDBK", "name": "Feedback 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -74.458, "architecture_energy": 90.846, "architecture_maturity": 58.578, "architecture_confidence": 96, "architecture_tenure": "Developing", "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": 0.0, "rotation_up": 29.44, "upward_expansion": 22.0, "deceleration": 37.0, "rotation_down": 64.26, "downward_expansion": 100.0 }, "activity_lines": [ 0.061367, 0.064336, 0.074514, 0.086317 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -1.0 }, "latest_close": 0.0605, "trend_reference": 0.099467, "distance_from_trend": -0.391756, "trend_direction": "Weakening", "fair_value": 0.380566, "distance_from_fair_value": -0.841026, "fair_value_direction": "Weakening", "relative_strength": -45.11946, "relative_strength_direction": "Weakening", "price_momentum": -0.457399, "excess_performance": -0.508634, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.391756, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.068737, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.841026, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.041245, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.451195, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.176187, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.457399, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.013844, "read": "Supply-led" } ], "volume": { "latest": 73659, "relative_activity": 0.187927, "balance": 0.013844, "dry_up": 1.088555, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.077889, "annualized_volatility": 0.677769, "from_high_reference": -0.596667, "from_low_reference": 0.043103 }, "levels": { "trend_reference": 0.099467, "fair_value_reference": 0.380566, "structural_low": 0.058, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 46, "median_return": -0.034759, "positive_rate": 0.347826, "directional_follow_through": 0.608696, "median_excess_return": -0.039801, "regime_survival": 0.891304, "best_return": 0.848958, "worst_return": -0.465753, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.134328, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.134661, "regime_survival": 0.733333, "best_return": 0.666667, "worst_return": -0.583158, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.127111, "positive_rate": 0.125, "directional_follow_through": 0.75, "median_excess_return": -0.241072, "regime_survival": 0.625, "best_return": 0.354167, "worst_return": -0.672727, "sufficient": true }, { "horizon": 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"upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-29", "end": "2024-04-26", "tenure": "Developing", "return": -0.25, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-31", "tenure": "Developing", "return": -0.139394, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-07", "end": "2024-06-28", "tenure": "New", "return": 0.097015, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-07-12", "tenure": "New", "return": -0.087591, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-19", "end": "2026-01-02", "tenure": "Extended", "return": -0.822314, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-03-13", 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0.0675, "volume": 45479, "typical_volume": 458351.75, "trend": 0.104683, "fair_value": 0.403037, "relative_strength": -41.040481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.693535, "energy": 81.821162, "activity_lines": [ 0.069, 0.073382, 0.088014, 0.097217 ] }, { "date": "2026-07-17", "close": 0.062, "volume": 946596, "typical_volume": 448957.3, "trend": 0.104133, "fair_value": 0.397184, "relative_strength": -45.381606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.965571, "energy": 88.231063, "activity_lines": [ 0.066067, 0.070473, 0.084183, 0.094463 ] }, { "date": "2026-07-24", "close": 0.0615, "volume": 228613, "typical_volume": 443886.15, "trend": 0.1031, "fair_value": 0.391649, "relative_strength": -45.512185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.429696, "energy": 92.902403, "activity_lines": [ 0.063933, 0.068027, 0.080664, 0.091713 ] }, { "date": "2026-07-31", "close": 0.0605, "volume": 457789, "typical_volume": 414892.1, "trend": 0.101533, "fair_value": 0.386107, "relative_strength": -46.019546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.951312, "energy": 91.937846, "activity_lines": [ 0.0623, 0.065936, 0.077412, 0.088965 ] }, { "date": "2026-08-07", "close": 0.0605, "volume": 73659, "typical_volume": 391954.8, "trend": 0.099467, "fair_value": 0.380566, "relative_strength": -45.11946, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.458032, "energy": 90.845869, "activity_lines": [ 0.061367, 0.064336, 0.074514, 0.086317 ] } ], "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." } } }