{ "ticker": { "uuid": "fb69bb04-0080-400e-aa29-85c606b351c2", "symbol": "FRW", "name": "Freightways Group Limited", "exchange": "NZE", "country": "NZ", "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": "^NZ50", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 53.403, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "up", "architecture_direction": 61.645, "architecture_energy": 49.114, "architecture_maturity": 13.629, "architecture_confidence": 88.418, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The prior uptrend is attempting to re-accelerate.", "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set." }, "scores": { "balance": 25.11, "rotation_up": 60.85, "upward_expansion": 84.07, "deceleration": 48.67, "rotation_down": 17.19, "downward_expansion": 8.41 }, "activity_lines": [ 14.086, 13.982727, 13.675143, 13.541631 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 14.15, "trend_reference": 13.535968, "distance_from_trend": 0.045363, "trend_direction": "Improving", "fair_value": 10.369264, "distance_from_fair_value": 0.36461, "fair_value_direction": "Improving", "relative_strength": 1.907032, "relative_strength_direction": "Improving", "price_momentum": -0.018751, "excess_performance": -0.047025, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.045363, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.000103, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.36461, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.057617, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.01907, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.000115, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.018751, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 5.092613, "read": "Demand-led" } ], "volume": { "latest": 543204, "relative_activity": 0.782542, "balance": 5.092613, "dry_up": 0.892612, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.042213, "annualized_volatility": 0.198153, "from_high_reference": -0.058001, "from_low_reference": 0.333676 }, "levels": { "trend_reference": 13.535968, "fair_value_reference": 10.369264, "structural_low": 11.85, "invalidation": "A decisive 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13.543333, 13.283273, 13.164138, 13.330327 ] }, { "date": "2026-06-19", "close": 13.21, "volume": 438879, "typical_volume": 746089.5, "trend": 13.502285, "fair_value": 10.080318, "relative_strength": -0.237313, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.740736, "energy": 15.090483, "activity_lines": [ 13.459333, 13.308364, 13.1524, 13.310371 ] }, { "date": "2026-06-26", "close": 13.89, "volume": 1547476, "typical_volume": 791458.15, "trend": 13.50726, "fair_value": 10.121743, "relative_strength": 4.554413, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.404436, "energy": 30.250105, "activity_lines": [ 13.601333, 13.450545, 13.210999, 13.335384 ] }, { "date": "2026-07-03", "close": 13.88, "volume": 91183, "typical_volume": 768745.1, "trend": 13.508618, "fair_value": 10.161501, "relative_strength": 3.208278, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.808249, "energy": 32.580135, "activity_lines": [ 13.697333, 13.561091, 13.271172, 13.359432 ] }, { "date": "2026-07-10", "close": 14.04, "volume": 645639, "typical_volume": 763090.35, "trend": 13.518593, "fair_value": 10.202228, "relative_strength": 2.803417, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.161194, "energy": 37.504153, "activity_lines": [ 13.827333, 13.677636, 13.348594, 13.393715 ] }, { "date": "2026-07-17", "close": 14.16, "volume": 756737, "typical_volume": 759082.8, "trend": 13.530927, "fair_value": 10.244011, "relative_strength": 3.982957, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.699393, "energy": 54.512063, "activity_lines": [ 13.972667, 13.793455, 13.437286, 13.435096 ] }, { "date": "2026-07-24", "close": 14.26, "volume": 508044, "typical_volume": 731549.15, "trend": 13.54528, "fair_value": 10.286892, "relative_strength": 3.758747, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.754214, "energy": 56.44075, "activity_lines": [ 14.114, 13.904545, 13.535381, 13.482133 ] }, { "date": "2026-07-31", "close": 13.85, "volume": 670454, "typical_volume": 690772.95, "trend": 13.532505, "fair_value": 10.326344, "relative_strength": 1.002581, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.956071, "energy": 46.088434, "activity_lines": [ 14.048667, 13.921818, 13.593, 13.501792 ] }, { "date": "2026-08-07", "close": 14.15, "volume": 543204, "typical_volume": 694153.5, "trend": 13.535968, "fair_value": 10.369264, "relative_strength": 1.907032, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.645485, "energy": 49.114381, "activity_lines": [ 14.086, 13.982727, 13.675143, 13.541631 ] } ], "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." } } }