{
  "ticker": {
    "uuid": "f7ed2269-4554-4ac3-8d6f-afe8e15ae45a",
    "symbol": "SNX",
    "name": "Synectics 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": -57.841,
    "architecture_energy": 54.571,
    "architecture_maturity": 7.902,
    "architecture_confidence": 88.796,
    "architecture_tenure": "New",
    "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": 26.02,
        "rotation_up": 15.08,
        "upward_expansion": 15.49,
        "deceleration": 33.28,
        "rotation_down": 65.86,
        "downward_expansion": 84.16
      },
      "activity_lines": [
        187.666667,
        192.227273,
        195.236207,
        195.65981
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 185.0,
    "trend_reference": 199.736168,
    "distance_from_trend": -0.073778,
    "trend_direction": "Weakening",
    "fair_value": 230.111721,
    "distance_from_fair_value": -0.196043,
    "fair_value_direction": "Weakening",
    "relative_strength": -27.962662,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.212658,
    "excess_performance": -0.263894,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.073778,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.091659,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.196043,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.104999,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.279627,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.011596,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.212658,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.200619,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 148022,
      "relative_activity": 1.442686,
      "balance": 0.200619,
      "dry_up": 0.975447,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.068358,
      "annualized_volatility": 0.466717,
      "from_high_reference": -0.471356,
      "from_low_reference": 0.267296
    },
    "levels": {
      "trend_reference": 199.736168,
      "fair_value_reference": 230.111721,
      "structural_low": 145.98006,
      "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": 19,
        "median_return": -0.012346,
        "positive_rate": 0.368421,
        "directional_follow_through": 0.526316,
        "median_excess_return": -0.014671,
        "regime_survival": 0.736842,
        "best_return": 0.277778,
        "worst_return": -0.316327,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.092693,
        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.121514,
        "regime_survival": 0.5,
        "best_return": 0.333487,
        "worst_return": -0.210526,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.023256,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.107062,
        "regime_survival": 0.4,
        "best_return": 0.294594,
        "worst_return": -0.307018,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.039386,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.084475,
        "regime_survival": 0.0,
        "best_return": 0.000174,
        "worst_return": -0.078945,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-05",
        "end": "2024-04-12",
        "tenure": "New",
        "return": 0.135483,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-19",
        "end": "2024-05-31",
        "tenure": "Developing",
        "return": -0.013333,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-07-12",
        "tenure": "Developing",
        "return": 0.122159,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "New",
        "return": -0.053226,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
        "return": 0.16,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-01-31",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-07",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.044776,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.222222,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.192308,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-11",
        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.137931,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-10-17",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "start": "2025-10-24",
        "end": "2026-05-29",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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        "active": true
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      {
        "date": "2026-04-24",
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        "typical_volume": 322589.6,
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        "relative_strength": -33.627017,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 25.983075,
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 247181.65,
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      },
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        "date": "2026-05-22",
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        "typical_volume": 247557.4,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 234508.8,
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        "relative_strength": -29.457363,
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      },
      {
        "date": "2026-06-05",
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        "trend": 217.142487,
        "fair_value": 225.15629,
        "relative_strength": -27.387933,
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        "modifier": "Balance after decline",
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        "direction": -20.155833,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 177915.95,
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        "fair_value": 225.733599,
        "relative_strength": -28.135004,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -25.644014,
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      },
      {
        "date": "2026-07-03",
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        "volume": 28089,
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        "fair_value": 227.513603,
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        "stage": 4,
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      },
      {
        "date": "2026-07-10",
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        "volume": 146328,
        "typical_volume": 154487.45,
        "trend": 204.398771,
        "fair_value": 228.122954,
        "relative_strength": -23.435688,
        "stage": 4,
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        "direction": -13.19345,
        "energy": 7.052302,
        "activity_lines": [
          199.833333,
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      },
      {
        "date": "2026-07-17",
        "close": 197.5,
        "volume": 117923,
        "typical_volume": 149590.35,
        "trend": 203.316485,
        "fair_value": 228.668229,
        "relative_strength": -24.15096,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.735169,
        "energy": 10.663395,
        "activity_lines": [
          199.166667,
          199.181818,
          197.50753,
          198.952445
        ]
      },
      {
        "date": "2026-07-24",
        "close": 185.0,
        "volume": 76862,
        "typical_volume": 111715.65,
        "trend": 201.984176,
        "fair_value": 229.149394,
        "relative_strength": -28.933303,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -56.615807,
        "energy": 27.946065,
        "activity_lines": [
          194.333333,
          196.545455,
          196.817993,
          197.770737
        ]
      },
      {
        "date": "2026-07-31",
        "close": 185.0,
        "volume": 57523,
        "typical_volume": 104358.75,
        "trend": 200.735189,
        "fair_value": 229.630558,
        "relative_strength": -28.795745,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -57.86133,
        "energy": 44.795164,
        "activity_lines": [
          190.5,
          194.272727,
          196.068821,
          196.674983
        ]
      },
      {
        "date": "2026-08-07",
        "close": 185.0,
        "volume": 148022,
        "typical_volume": 102601.65,
        "trend": 199.736168,
        "fair_value": 230.111721,
        "relative_strength": -27.962662,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.841275,
        "energy": 54.571381,
        "activity_lines": [
          187.666667,
          192.227273,
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          195.65981
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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."
    }
  }
}