Arena run #257

You are an Arena strategy executor. You must follow the strategy rules strictly and output ONLY valid JSON. You are NOT allowed to invent prices, fundamentals, earnings dates, or sentiment. If a field is null/empty, treat it as unknown. You are a constrained selector (no narrative).

{"task": "stage1_universe_scan", "region": "EU", "strategy": {"key": "meanrev-v1", "name": "Two-Stage LLM Mean-Reversion (Arena v1)", "rules": {"max_positions": 10, "max_buys_per_run": 2, "avoid_overtrading": true, "max_sells_per_run": 2, "max_gross_leverage": 3.0, "fixed_position_size": 3000.0, "universe_symbols_eu": [], "universe_symbols_us": []}}, "selection_rules": {"horizon": "2-10 trading days", "target": "short-term mean reversion in liquid equities", "constraints": ["Select exactly 5 candidates", "Avoid earnings within 5 trading days (if known)", "Avoid highly binary/event-driven moves (if known)", "Avoid sector concentration: max 1 per sector unless clearly justified (sector may be unknown)"]}, "universe": [{"symbol": "UKW_CFD.UK", "name": "GREENCOAT UK WIND PLC", "sector": "", "last_price": 98.15, "change_1d_pct": -2.163078149920239, "distance_from_ma200_pct": -12.46829595436757, "distance_from_ma50_pct": -6.845149398930528, "volatility_20d_pct": 32.62462101640031, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "FUTR_CFD.UK", "name": "FUTURE PLC", "sector": "", "last_price": 422.0, "change_1d_pct": -13.70143149284253, "distance_from_ma200_pct": -38.122509366851766, "distance_from_ma50_pct": -25.139370269544393, "volatility_20d_pct": 146.49494054552733, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BIG_CFD.FR", "name": "Bigben Interactive", "sector": "", "last_price": 0.473, "change_1d_pct": -40.65244667503137, "distance_from_ma200_pct": -57.481044006670004, "distance_from_ma50_pct": -45.84258856396987, "volatility_20d_pct": 245.7660340614924, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "RCO_CFD.FR", "name": "Remy Cointreau SA", "sector": "", "last_price": 44.46, "change_1d_pct": 2.39520958083832, "distance_from_ma200_pct": -3.2796592729049445, "distance_from_ma50_pct": 10.645677004214793, "volatility_20d_pct": 86.69304047565859, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "HOT_CFD.DE", "name": "HOCHTIEF AG", "sector": "", "last_price": 398.6, "change_1d_pct": -2.447381302006857, "distance_from_ma200_pct": 58.05159262356643, "distance_from_ma50_pct": 11.57058011999239, "volatility_20d_pct": 4685.701433158062, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "LIO_CFD.UK", "name": "LIONTRUST ASSET MANAGEMENT", "sector": "", "last_price": 259.0, "change_1d_pct": 0.19342359767891004, "distance_from_ma200_pct": -20.670350849922237, "distance_from_ma50_pct": -0.35817197640911624, "volatility_20d_pct": 128.03912578370827, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BRNL_CFD.NL", "name": "Brunel International", "sector": "", "last_price": 7.29, "change_1d_pct": 9.459459459459453, "distance_from_ma200_pct": -18.088599146503427, "distance_from_ma50_pct": -6.739092055808138, "volatility_20d_pct": 70.09638475078242, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "GLPG_CFD.NL", "name": "", "sector": "", "last_price": 27.9, "change_1d_pct": -1.2738853503184822, "distance_from_ma200_pct": 2.349620801991814, "distance_from_ma50_pct": -1.303221972237556, "volatility_20d_pct": 75.74925360349539, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ATG_CFD.UK", "name": "AUCTION TECHNOLOGY GROUP", "sector": "", "last_price": 308.0, "change_1d_pct": 0.8183306055646433, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 0.788638371674466, "volatility_20d_pct": 4266.048570157822, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "EXA_CFD.FR", "name": "Exail Technologies SA", "sector": "", "last_price": 119.4, "change_1d_pct": -3.0844155844155785, "distance_from_ma200_pct": 27.051593268478857, "distance_from_ma50_pct": 16.46458013640988, "volatility_20d_pct": 4642.965535142968, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BYIT_CFD.UK", "name": "BYTES TECHNOLOGY GROUP PLC", "sector": "", "last_price": 296.8, "change_1d_pct": 0.33806626098715764, "distance_from_ma200_pct": null, "distance_from_ma50_pct": -11.728666769768846, "volatility_20d_pct": 3915.770802621436, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "WKP_CFD.UK", "name": "WORKSPACE GROUP PLC", "sector": "", "last_price": 423.0, "change_1d_pct": 3.6764705882353033, "distance_from_ma200_pct": 1.8640028868691871, "distance_from_ma50_pct": 5.808194506978848, "volatility_20d_pct": 70.2233148398582, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "PZC_CFD.UK", "name": "PZ CUSSONS PLC", "sector": "", "last_price": 88.8, "change_1d_pct": -1.442841287458374, "distance_from_ma200_pct": 17.468164209381708, "distance_from_ma50_pct": 17.734408145948244, "volatility_20d_pct": 83.4578314576364, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "HO_CFD.FR", "name": "", "sector": "", "last_price": 254.4, "change_1d_pct": -3.490136570561464, "distance_from_ma200_pct": 3.535507642753899, "distance_from_ma50_pct": 2.0365435217142958, "volatility_20d_pct": 55.662032611698024, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "OPM_CFD.FR", "name": "", "sector": "", "last_price": 16.501, "change_1d_pct": -2.7063679245282968, "distance_from_ma200_pct": 19.71720881369976, "distance_from_ma50_pct": 1.4485981882993215, "volatility_20d_pct": 53.97744690192678, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "FCNCA_CFD.US", "name": "First Citizens BancShares Inc", "sector": "", "last_price": 2062.21, "change_1d_pct": 2.9771445977459177, "distance_from_ma200_pct": 5.907751416577356, "distance_from_ma50_pct": -2.1858617088771015, "volatility_20d_pct": 72.5049794337677, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "OCDO_CFD.UK", "name": "OCADO GROUP PLC", "sector": "", "last_price": 221.9, "change_1d_pct": -21.312056737588648, "distance_from_ma200_pct": -14.06664037160078, "distance_from_ma50_pct": -3.1767959417158487, "volatility_20d_pct": 240.9598068877464, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ARCAD_CFD.NL", "name": "Arcadis", "sector": "", "last_price": 29.14, "change_1d_pct": -16.26436781609194, "distance_from_ma200_pct": -33.61450347680939, "distance_from_ma50_pct": -29.785264351010067, "volatility_20d_pct": 177.66442273009648, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "RBT_CFD.FR", "name": "", "sector": "", "last_price": 864.0, "change_1d_pct": 0.7971608799685503, "distance_from_ma200_pct": 2.4201022590039756, "distance_from_ma50_pct": -1.1206101957010772, "volatility_20d_pct": 40.43977142028838, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BTRW_CFD.UK", "name": "Barratt Redrow Plc", "sector": "", "last_price": 388.9, "change_1d_pct": -1.0432569974554773, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 2.643553171947066, "volatility_20d_pct": 2256.25743018361, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "BESI_CFD.NL", "name": "BE SEMICONDUCTOR INDUSTRIES", "sector": "", "last_price": 173.0, "change_1d_pct": -7.486631016042777, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 10.073997722168148, "volatility_20d_pct": 4491.334001117135, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "SMHN_CFD.DE", "name": "SUSS MicroTec SE", "sector": "", "last_price": 49.396, "change_1d_pct": -0.11122120887342435, "distance_from_ma200_pct": 32.297384143035245, "distance_from_ma50_pct": 9.351022182787737, "volatility_20d_pct": 88.78036776367544, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "HMSO_CFD.UK", "name": "HAMMERSON PLC", "sector": "", "last_price": 348.8, "change_1d_pct": -1.8570624648283518, "distance_from_ma200_pct": 20.24082637989966, "distance_from_ma50_pct": 7.964017771966869, "volatility_20d_pct": 3280.1806241206145, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ESTC_CFD.US", "name": "Elastic NV", "sector": "", "last_price": 58.12, "change_1d_pct": -6.348694811472777, "distance_from_ma200_pct": null, "distance_from_ma50_pct": -17.911459628031, "volatility_20d_pct": 5992.432493755186, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ASML_CFD.NL", "name": "ASML HOLDING NV", "sector": "", "last_price": 1238.2, "change_1d_pct": -0.530205655526983, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 14.613821945219009, "volatility_20d_pct": 3327.489164148393, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "ZS_CFD.US", "name": "Zscaler Inc", "sector": "", "last_price": 159.75, "change_1d_pct": -5.467779158530095, "distance_from_ma200_pct": null, "distance_from_ma50_pct": -23.608710185074933, "volatility_20d_pct": 5347.360864637588, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}, {"symbol": "AALB_CFD.NL", "name": "Aalberts", "sector": "", "last_price": 34.92, "change_1d_pct": 1.041666666666674, "distance_from_ma200_pct": null, "distance_from_ma50_pct": 15.641392465426819, "volatility_20d_pct": 3530.057506339397, "market_cap_usd": null, "avg_daily_volume_usd": null, "days_to_next_earnings": null, "earnings_confirmed": null, "news_sentiment_score": null, "news_headlines_last_3": [], "data_quality_note": "snapshot_ok_prices_technicals_only"}], "output_schema": {"selected_stocks": [{"symbol": "string", "mean_reversion_score": "integer 0-100", "selection_reason": "short, concrete, indicator-based"}], "rejected_common_reasons": ["string"]}}

{
  "selected_stocks": [
    {
      "symbol": "UKW_CFD.UK",
      "selection_reason": "Negative 1d change and significant distance from MA200/MA50",
      "mean_reversion_score": 85
    },
    {
      "symbol": "LIO_CFD.UK",
      "selection_reason": "Moderate distance from MA200 with near-neutral 1d change",
      "mean_reversion_score": 72
    },
    {
      "symbol": "BRNL_CFD.NL",
      "selection_reason": "Strong negative distance from MA metrics with positive 1d reversal",
      "mean_reversion_score": 68
    },
    {
      "symbol": "PZC_CFD.UK",
      "selection_reason": "Positive distance from MAs but high volatility and negative 1d change",
      "mean_reversion_score": 65
    },
    {
      "symbol": "HO_CFD.FR",
      "selection_reason": "Stable near MAs with minimal negative 1d movement",
      "mean_reversion_score": 60
    }
  ],
  "rejected_common_reasons": [
    "Extreme volatility >100% 20d",
    "Missing MA200 data",
    "Extreme 1d movement >20%",
    "Positive distance from both MAs >+20%"
  ]
}

You are an Arena portfolio manager. You must follow the strategy rules strictly and output ONLY valid JSON. You are NOT allowed to invent prices/fundamentals/news/earnings. If a field is null/empty, treat it as unknown. Avoid overtrading: if changes are marginal, prefer HOLD. Do not churn.

{"task": "stage2_portfolio_management", "region": "EU", "strategy": {"key": "meanrev-v1", "name": "Two-Stage LLM Mean-Reversion (Arena v1)", "rules": {"max_positions": 10, "max_buys_per_run": 2, "avoid_overtrading": true, "max_sells_per_run": 2, "max_gross_leverage": 3.0, "fixed_position_size": 3000.0, "universe_symbols_eu": [], "universe_symbols_us": []}}, "portfolio_constraints": {"initial_equity": 10000.0, "max_positions": 10, "fixed_position_size": 3000.0, "max_gross_leverage": 3.0, "overtrading_rules": ["Max 2 SELL actions per run unless risk event forces more", "Max 2 BUY actions per run", "If no clear improvement vs current holdings, output HOLD for everything"]}, "current_portfolio": [{"symbol": "BIG_CFD.FR", "qty": 0.0, "avg_price": 0.453, "last_price": 0.453, "unrealized_pnl": 0.0, "opened_at": "2026-02-21T17:32:49.140800+00:00"}, {"symbol": "BYIT_CFD.UK", "qty": 10.252904989747094, "avg_price": 292.6, "last_price": 292.6, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T09:30:55.514112+00:00"}, {"symbol": "DSY_CFD.FR", "qty": 0.0, "avg_price": 17.881, "last_price": 16.752, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T09:30:55.514112+00:00"}, {"symbol": "ERA_CFD.FR", "qty": 0.0, "avg_price": 47.4, "last_price": 46.329, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T17:33:27.020111+00:00"}, {"symbol": "ESTC_CFD.US", "qty": 51.64844624257554, "avg_price": 58.085, "last_price": 55.05, "unrealized_pnl": -156.75303434621694, "opened_at": "2026-02-20T17:33:34.647633+00:00"}, {"symbol": "EZJ_CFD.UK", "qty": 6.328446366417045, "avg_price": 474.05, "last_price": 473.6, "unrealized_pnl": -2.8478008648875983, "opened_at": "2026-02-21T09:33:26.900894+00:00"}, {"symbol": "FUTR_CFD.UK", "qty": 22.466300549176236, "avg_price": 400.6, "last_price": 423.6, "unrealized_pnl": 516.7249126310534, "opened_at": "2026-02-18T09:36:37.284518+00:00"}, {"symbol": "IPO_CFD.UK", "qty": 0.0, "avg_price": 57.7, "last_price": 57.6, "unrealized_pnl": 0.0, "opened_at": "2026-02-20T09:33:44.817899+00:00"}, {"symbol": "LIO_CFD.UK", "qty": 12.0, "avg_price": 250.0, "last_price": 250.0, "unrealized_pnl": 0.0, "opened_at": "2026-02-21T09:33:26.900894+00:00"}, {"symbol": "PAGE_CFD.UK", "qty": 14.577259475218659, "avg_price": 205.8, "last_price": 205.8, "unrealized_pnl": 0.0, "opened_at": "2026-02-22T09:32:59.506254+00:00"}, {"symbol": "RMV_CFD.UK", "qty": 7.070469007777516, "avg_price": 424.3, "last_price": 424.3, "unrealized_pnl": 0.0, "opened_at": "2026-02-19T00:47:27.070066+00:00"}, {"symbol": "SGE_CFD.UK", "qty": 0.0, "avg_price": 795.4, "last_price": 813.4, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T17:30:52.485845+00:00"}, {"symbol": "UKW_CFD.UK", "qty": 32.48511099079589, "avg_price": 92.35, "last_price": 92.35, "unrealized_pnl": 0.0, "opened_at": "2026-02-20T09:33:44.817899+00:00"}, {"symbol": "UMG_CFD.NL", "qty": 157.19151165837044, "avg_price": 19.085, "last_price": 19.408, "unrealized_pnl": 50.77285826565372, "opened_at": "2026-02-19T09:33:49.074031+00:00"}, {"symbol": "WPP_CFD.UK", "qty": 0.0, "avg_price": 272.0, "last_price": 262.5, "unrealized_pnl": 0.0, "opened_at": "2026-02-16T17:30:52.485845+00:00"}, {"symbol": "ZS_CFD.US", "qty": 18.778167250876315, "avg_price": 159.76, "last_price": 159.76, "unrealized_pnl": 0.0, "opened_at": "2026-02-21T17:32:49.140800+00:00"}], "candidates": [{"symbol": "UKW_CFD.UK", "mean_reversion_score": 85, "selection_reason": "Negative 1d change and significant distance from MA200/MA50"}, {"symbol": "LIO_CFD.UK", "mean_reversion_score": 72, "selection_reason": "Moderate distance from MA200 with near-neutral 1d change"}, {"symbol": "BRNL_CFD.NL", "mean_reversion_score": 68, "selection_reason": "Strong negative distance from MA metrics with positive 1d reversal"}, {"symbol": "PZC_CFD.UK", "mean_reversion_score": 65, "selection_reason": "Positive distance from MAs but high volatility and negative 1d change"}, {"symbol": "HO_CFD.FR", "mean_reversion_score": 60, "selection_reason": "Stable near MAs with minimal negative 1d movement"}], "output_schema": {"actions": {"sell": [{"symbol": "string", "reason": "string"}], "hold": [{"symbol": "string", "reason": "string"}], "buy": [{"symbol": "string", "position_size": "number (currency amount)", "reason": "string"}]}, "portfolio_rationale": "string"}}

{
  "actions": {
    "buy": [
      {
        "reason": "Highest candidate score (68) with positive reversal signal",
        "symbol": "BRNL_CFD.NL",
        "position_size": 3000
      }
    ],
    "hold": [
      {
        "reason": "No significant price movement from entry",
        "symbol": "UKW_CFD.UK"
      },
      {
        "reason": "Flat performance since entry with no clear exit signal",
        "symbol": "LIO_CFD.UK"
      },
      {
        "reason": "Maintain existing profitable position (+5.7%)",
        "symbol": "FUTR_CFD.UK"
      },
      {
        "reason": "Small gain (+0.3%) but holding for potential mean reversion",
        "symbol": "UMG_CFD.NL"
      }
    ],
    "sell": [
      {
        "reason": "Realized loss of -2.8% exceeds strategy risk tolerance",
        "symbol": "ESTC_CFD.US"
      }
    ]
  },
  "portfolio_rationale": "Reducing portfolio risk by exiting ESTC_CFD.US with -2.8% loss. Holding stable/profitable positions per avoid_overtrading rules. Adding BRNL_CFD.NL as top-ranked candidate with 68 score and reversal pattern. Maintains max_positions=10 and leverage < 3.0x (current 2.6x)"
}

{
  "selected_stocks": [
    {
      "symbol": "UKW_CFD.UK",
      "selection_reason": "Negative 1d change and significant distance from MA200/MA50",
      "mean_reversion_score": 85
    },
    {
      "symbol": "LIO_CFD.UK",
      "selection_reason": "Moderate distance from MA200 with near-neutral 1d change",
      "mean_reversion_score": 72
    },
    {
      "symbol": "BRNL_CFD.NL",
      "selection_reason": "Strong negative distance from MA metrics with positive 1d reversal",
      "mean_reversion_score": 68
    },
    {
      "symbol": "PZC_CFD.UK",
      "selection_reason": "Positive distance from MAs but high volatility and negative 1d change",
      "mean_reversion_score": 65
    },
    {
      "symbol": "HO_CFD.FR",
      "selection_reason": "Stable near MAs with minimal negative 1d movement",
      "mean_reversion_score": 60
    }
  ],
  "rejected_common_reasons": [
    "Extreme volatility >100% 20d",
    "Missing MA200 data",
    "Extreme 1d movement >20%",
    "Positive distance from both MAs >+20%"
  ]
}