{ "ticker": { "uuid": "fe5c9fc5-f818-4a49-9cf4-83e8d6bc2b05", "symbol": "TGA", "name": "Thungela Resources 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 92.747, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -65.192, "architecture_energy": 59.219, "architecture_maturity": 20.364, "architecture_confidence": 89.097, "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": 21.94, "rotation_up": 20.09, "upward_expansion": 11.52, "deceleration": 44.13, "rotation_down": 59.13, "downward_expansion": 84.85 }, "activity_lines": [ 456.666667, 470.672727, 526.716418, 557.226397 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 448.0, "trend_reference": 569.066522, "distance_from_trend": -0.212746, "trend_direction": "Improving", "fair_value": 514.407157, "distance_from_fair_value": -0.129095, "fair_value_direction": "Weakening", "relative_strength": -15.384583, "relative_strength_direction": "Weakening", "price_momentum": -0.048709, "excess_performance": -0.099945, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.212746, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.064905, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.129095, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.311812, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.153846, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.440863, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.048709, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.212841, "read": "Demand-led" } ], "volume": { "latest": 1033382, "relative_activity": 0.900596, "balance": 2.212841, "dry_up": 1.141401, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.147762, "annualized_volatility": 0.754636, "from_high_reference": -0.452252, "from_low_reference": 0.408987 }, "levels": { "trend_reference": 569.066522, "fair_value_reference": 514.407157, 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569.012656, "fair_value": 515.832179, "relative_strength": -8.055079, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.568225, "energy": 69.165216, "activity_lines": [ 460.0, 500.718182, 554.838519, 572.671159 ] }, { "date": "2026-07-31", "close": 451.5, "volume": 1022203, "typical_volume": 1271202.3, "trend": 569.881154, "fair_value": 515.229963, "relative_strength": -14.528064, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.944408, "energy": 73.066874, "activity_lines": [ 458.8, 484.581818, 540.286026, 565.089698 ] }, { "date": "2026-08-07", "close": 448.0, "volume": 1033382, "typical_volume": 1147442.0, "trend": 569.066522, "fair_value": 514.407157, "relative_strength": -15.384583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.191537, "energy": 59.21856, "activity_lines": [ 456.666667, 470.672727, 526.716418, 557.226397 ] } ], "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." } } }