{
  "ticker": {
    "uuid": "057471f2-1cd2-495d-aa26-f3c7e6d249ab",
    "symbol": "ANDHRAPAP",
    "name": "Andhra Paper Limited",
    "exchange": "NSI",
    "country": "IN",
    "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": "^NSEI",
    "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": -63.829,
    "architecture_energy": 54.38,
    "architecture_maturity": 20.766,
    "architecture_confidence": 89.365,
    "architecture_tenure": "Developing",
    "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": 12.08,
        "rotation_up": 13.99,
        "upward_expansion": 10.44,
        "deceleration": 40.39,
        "rotation_down": 67.42,
        "downward_expansion": 88.44
      },
      "activity_lines": [
        60.401736,
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        62.299885,
        62.863302
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 59.849998,
    "trend_reference": 63.641266,
    "distance_from_trend": -0.059572,
    "trend_direction": "Weakening",
    "fair_value": 87.170558,
    "distance_from_fair_value": -0.313415,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.079695,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.08304,
    "excess_performance": -0.039331,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.059572,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.034099,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.313415,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.093386,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.110797,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.104325,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.08304,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.712197,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1612207,
      "relative_activity": 2.295341,
      "balance": 0.712197,
      "dry_up": 1.863144,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.051175,
      "annualized_volatility": 0.23375,
      "from_high_reference": -0.311198,
      "from_low_reference": 0.031897
    },
    "levels": {
      "trend_reference": 63.641266,
      "fair_value_reference": 87.170558,
      "structural_low": 58.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.02434,
        "positive_rate": 0.521739,
        "directional_follow_through": 0.478261,
        "median_excess_return": 0.004062,
        "regime_survival": 0.826087,
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        "worst_return": -0.115796,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.428571,
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        "worst_return": -0.148382,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "worst_return": -0.169381,
        "sufficient": true
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      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "color": "red",
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        "tenure": "Established",
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      },
      {
        "regime": "balance",
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      {
        "regime": "rotation_up",
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-06-05",
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      },
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      },
      {
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      {
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      },
      {
        "date": "2026-07-17",
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        "trend": 64.209164,
        "fair_value": 87.540719,
        "relative_strength": -10.765099,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -65.812065,
        "energy": 47.073031,
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      },
      {
        "date": "2026-07-24",
        "close": 60.835323,
        "volume": 2374172,
        "typical_volume": 695775.1,
        "trend": 64.016008,
        "fair_value": 87.42569,
        "relative_strength": -7.465285,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.65004,
        "energy": 50.767328,
        "activity_lines": [
          61.175705,
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          62.827663,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 60.537741,
        "volume": 1102341,
        "typical_volume": 709970.65,
        "trend": 63.785599,
        "fair_value": 87.299458,
        "relative_strength": -9.799522,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.779823,
        "energy": 52.499239,
        "activity_lines": [
          60.800936,
          61.438981,
          62.593971,
          63.117212
        ]
      },
      {
        "date": "2026-08-07",
        "close": 59.849998,
        "volume": 1612207,
        "typical_volume": 702382.3,
        "trend": 63.641266,
        "fair_value": 87.170558,
        "relative_strength": -11.079695,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.829445,
        "energy": 54.379985,
        "activity_lines": [
          60.401736,
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          62.863302
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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."
    }
  }
}