{
  "ticker": {
    "uuid": "fe64b6a9-540c-4b89-810a-9da1e69c184f",
    "symbol": "YOU",
    "name": "YouGov 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": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 88.127,
    "architecture_energy": 88.322,
    "architecture_maturity": 22.0,
    "architecture_confidence": 78.197,
    "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": 10.07,
        "rotation_up": 83.61,
        "upward_expansion": 97.94,
        "deceleration": 39.47,
        "rotation_down": 10.51,
        "downward_expansion": 19.94
      },
      "activity_lines": [
        257.933333,
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        218.56
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 277.8,
    "trend_reference": 212.736667,
    "distance_from_trend": 0.30584,
    "trend_direction": "Weakening",
    "fair_value": 508.654042,
    "distance_from_fair_value": -0.453853,
    "fair_value_direction": "Improving",
    "relative_strength": 4.392964,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.351825,
    "excess_performance": 0.30059,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.30584,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.028146,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.453853,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.209841,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.04393,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.381855,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.351825,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.607443,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3603695,
      "relative_activity": 1.041972,
      "balance": 4.607443,
      "dry_up": 0.965154,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.07119,
      "annualized_volatility": 0.367688,
      "from_high_reference": -0.248929,
      "from_low_reference": 1.051699
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    "levels": {
      "trend_reference": 212.736667,
      "fair_value_reference": 508.654042,
      "structural_low": 135.399994,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
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        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": -0.082778,
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        "worst_return": -0.136364,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "worst_return": -0.62,
        "sufficient": false
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      {
        "horizon": "Full cycle",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 3554806.6,
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        "fair_value": 522.036003,
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        "stage": 1,
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        "gate": "mixed",
        "direction": 46.985219,
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          237.64,
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      },
      {
        "date": "2026-07-24",
        "close": 241.0,
        "volume": 2687407,
        "typical_volume": 3485854.95,
        "trend": 211.633333,
        "fair_value": 517.366865,
        "relative_strength": -9.651612,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 39.56252,
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          240.373333,
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      },
      {
        "date": "2026-07-31",
        "close": 255.8,
        "volume": 4983155,
        "typical_volume": 3593698.4,
        "trend": 211.66,
        "fair_value": 512.920722,
        "relative_strength": -4.480783,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 76.676925,
        "energy": 81.062163,
        "activity_lines": [
          246.906667,
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      },
      {
        "date": "2026-08-07",
        "close": 277.8,
        "volume": 3603695,
        "typical_volume": 3458533.95,
        "trend": 212.736667,
        "fair_value": 508.654042,
        "relative_strength": 4.392964,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.127037,
        "energy": 88.321855,
        "activity_lines": [
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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."
    }
  }
}