{
  "ticker": {
    "uuid": "f766c6ed-469f-47af-900c-5a95f0554369",
    "symbol": "TMT",
    "name": "TMT Investments 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 62.659,
    "architecture_energy": 57.294,
    "architecture_maturity": 31.484,
    "architecture_confidence": 72.182,
    "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": 18.17,
        "rotation_up": 65.64,
        "upward_expansion": 80.29,
        "deceleration": 66.35,
        "rotation_down": 13.31,
        "downward_expansion": 9.29
      },
      "activity_lines": [
        3.234667,
        3.126545,
        2.88,
        2.748495
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 3.16,
    "trend_reference": 2.646,
    "distance_from_trend": 0.194255,
    "trend_direction": "Improving",
    "fair_value": 2.896218,
    "distance_from_fair_value": 0.091078,
    "fair_value_direction": "Improving",
    "relative_strength": 5.368496,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.108772,
    "excess_performance": 0.057537,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.194255,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031713,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.091078,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.212545,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.053685,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.157745,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.108772,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.667085,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 151075,
      "relative_activity": 1.141341,
      "balance": 0.667085,
      "dry_up": 0.650253,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.090359,
      "annualized_volatility": 0.388534,
      "from_high_reference": -0.131868,
      "from_low_reference": 0.533981
    },
    "levels": {
      "trend_reference": 2.646,
      "fair_value_reference": 2.896218,
      "structural_low": 2.06,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": -0.018927,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.02954,
        "regime_survival": 0.571429,
        "best_return": 0.043478,
        "worst_return": -0.090535,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.148265,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.206302,
        "regime_survival": 0.0,
        "best_return": -0.010695,
        "worst_return": -0.323045,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.242902,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.423454,
        "regime_survival": 0.0,
        "best_return": -0.163102,
        "worst_return": -0.372428,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.473405,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.54046,
        "regime_survival": 0.0,
        "best_return": -0.251337,
        "worst_return": -0.695473,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-09",
        "end": "2024-09-27",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-04",
        "end": "2025-01-10",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
      {
        "regime": "balance",
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        "active": false
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        "regime": "rotation_up",
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        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-21",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
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        "active": false
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        "regime": "deceleration",
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        "active": false
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          2.44,
          2.375273,
          2.447048,
          2.521548
        ]
      },
      {
        "date": "2026-05-08",
        "close": 2.55,
        "volume": 133114,
        "typical_volume": 96725.9,
        "trend": 2.608333,
        "fair_value": 2.902564,
        "relative_strength": -10.405992,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -23.024967,
        "energy": 17.660031,
        "activity_lines": [
          2.490667,
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        ]
      },
      {
        "date": "2026-05-15",
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        "volume": 136450,
        "typical_volume": 103022.8,
        "trend": 2.595333,
        "fair_value": 2.899679,
        "relative_strength": -13.044634,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.749394,
        "energy": 14.812829,
        "activity_lines": [
          2.489333,
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          2.441619,
          2.507054
        ]
      },
      {
        "date": "2026-05-22",
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        "volume": 232668,
        "typical_volume": 114128.35,
        "trend": 2.578,
        "fair_value": 2.895962,
        "relative_strength": -15.105714,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.126586,
        "energy": 11.051901,
        "activity_lines": [
          2.479333,
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          2.436381,
          2.498323
        ]
      },
      {
        "date": "2026-05-29",
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        "volume": 328864,
        "typical_volume": 126132.7,
        "trend": 2.564667,
        "fair_value": 2.893205,
        "relative_strength": -14.453322,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.310491,
        "energy": 9.404039,
        "activity_lines": [
          2.474667,
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          2.43281,
          2.49071
        ]
      },
      {
        "date": "2026-06-05",
        "close": 2.45,
        "volume": 101492,
        "typical_volume": 128346.7,
        "trend": 2.553,
        "fair_value": 2.890641,
        "relative_strength": -14.306198,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.670527,
        "energy": 8.691735,
        "activity_lines": [
          2.462667,
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          2.429857,
          2.483312
        ]
      },
      {
        "date": "2026-06-12",
        "close": 2.52,
        "volume": 4646,
        "typical_volume": 127928.15,
        "trend": 2.548333,
        "fair_value": 2.888205,
        "relative_strength": -12.619584,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
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        "energy": 8.366928,
        "activity_lines": [
          2.477333,
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          2.481183
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      },
      {
        "date": "2026-06-19",
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        "volume": 30157,
        "typical_volume": 126384.6,
        "trend": 2.548333,
        "fair_value": 2.885897,
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        "stage": 4,
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        "modifier": "Balance after decline",
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        "energy": 11.047446,
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          2.520667,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 2.8,
        "volume": 20454,
        "typical_volume": 125786.1,
        "trend": 2.551667,
        "fair_value": 2.884936,
        "relative_strength": -2.787154,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.133763,
        "energy": 45.588977,
        "activity_lines": [
          2.621333,
          2.557455,
          2.483048,
          2.500753
        ]
      },
      {
        "date": "2026-07-03",
        "close": 3.0,
        "volume": 12007,
        "typical_volume": 124697.15,
        "trend": 2.558667,
        "fair_value": 2.885577,
        "relative_strength": 2.547032,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 58.000761,
        "energy": 70.110523,
        "activity_lines": [
          2.766,
          2.644727,
          2.535952,
          2.529677
        ]
      },
      {
        "date": "2026-07-10",
        "close": 3.38,
        "volume": 206393,
        "typical_volume": 132820.1,
        "trend": 2.581,
        "fair_value": 2.888782,
        "relative_strength": 17.224238,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 93.916113,
        "energy": 93.517063,
        "activity_lines": [
          3.001333,
          2.790182,
          2.623333,
          2.582667
        ]
      },
      {
        "date": "2026-07-17",
        "close": 3.41,
        "volume": 68826,
        "typical_volume": 129671.2,
        "trend": 2.604333,
        "fair_value": 2.89109,
        "relative_strength": 16.830053,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.305919,
        "energy": 96.447284,
        "activity_lines": [
          3.184667,
          2.925091,
          2.709524,
          2.636151
        ]
      },
      {
        "date": "2026-07-24",
        "close": 3.24,
        "volume": 47818,
        "typical_volume": 129231.15,
        "trend": 2.620667,
        "fair_value": 2.892628,
        "relative_strength": 9.45713,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.295196,
        "energy": 88.438699,
        "activity_lines": [
          3.252,
          3.013455,
          2.774714,
          2.677161
        ]
      },
      {
        "date": "2026-07-31",
        "close": 3.2,
        "volume": 76567,
        "typical_volume": 128474.15,
        "trend": 2.633667,
        "fair_value": 2.894231,
        "relative_strength": 6.810096,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.374162,
        "energy": 86.580954,
        "activity_lines": [
          3.263333,
          3.080364,
          2.831667,
          2.714538
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.16,
        "volume": 151075,
        "typical_volume": 132366.25,
        "trend": 2.646,
        "fair_value": 2.896218,
        "relative_strength": 5.368496,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.65882,
        "energy": 57.293713,
        "activity_lines": [
          3.234667,
          3.126545,
          2.88,
          2.748495
        ]
      }
    ],
    "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."
    }
  }
}