{
  "ticker": {
    "uuid": "07a67cfa-c5b8-4919-a07d-79c9017c5d53",
    "symbol": "H13",
    "name": "Ho Bee Land Limited",
    "exchange": "SES",
    "country": "SG",
    "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": "^STI",
    "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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -53.984,
    "architecture_energy": 36.609,
    "architecture_maturity": 47.511,
    "architecture_confidence": 83.376,
    "architecture_tenure": "Established",
    "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": 25.24,
        "rotation_up": 21.36,
        "upward_expansion": 4.4,
        "deceleration": 57.6,
        "rotation_down": 47.91,
        "downward_expansion": 75.4
      },
      "activity_lines": [
        2.034667,
        2.038545,
        2.059087,
        2.08368
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 2.04,
    "trend_reference": 2.134571,
    "distance_from_trend": -0.044304,
    "trend_direction": "Weakening",
    "fair_value": 1.882546,
    "distance_from_fair_value": 0.083639,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.661471,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.126217,
    "excess_performance": -0.281052,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.044304,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.011974,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.083639,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.050391,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.196615,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.120223,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.126217,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.082943,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 322800,
      "relative_activity": 1.074585,
      "balance": 1.082943,
      "dry_up": 0.544533,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.029789,
      "annualized_volatility": 0.148982,
      "from_high_reference": -0.174569,
      "from_low_reference": 0.02874
    },
    "levels": {
      "trend_reference": 2.134571,
      "fair_value_reference": 1.882546,
      "structural_low": 2.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 29,
        "median_return": -0.014706,
        "positive_rate": 0.310345,
        "directional_follow_through": 0.62069,
        "median_excess_return": -0.017586,
        "regime_survival": 0.896552,
        "best_return": 0.206061,
        "worst_return": -0.086957,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.033499,
        "positive_rate": 0.2,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.0427,
        "regime_survival": 0.7,
        "best_return": 0.099353,
        "worst_return": -0.112195,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.023023,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.020571,
        "regime_survival": 0.5,
        "best_return": 0.158337,
        "worst_return": -0.15985,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.018588,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.121012,
        "regime_survival": 0.5,
        "best_return": 0.350452,
        "worst_return": -0.243454,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-26",
        "end": "2024-08-02",
        "tenure": "New",
        "return": -0.042553,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-09",
        "end": "2024-10-04",
        "tenure": "Developing",
        "return": 0.106145,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-11-22",
        "tenure": "Developing",
        "return": -0.030151,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-29",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.026316,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-03",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": -0.016217,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-07",
        "end": "2025-05-02",
        "tenure": "Established",
        "return": -0.01105,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.022727,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-20",
        "tenure": "New",
        "return": -0.0199,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-11-21",
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        "return": 0.049262,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-16",
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        "return": 0.060185,
        "active": false
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      {
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        "return": -0.076596,
        "active": false
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      {
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        "active": false
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      {
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        "return": 0.038278,
        "active": false
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      {
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        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.02414,
        "active": true
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    "chart_path": [
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        "energy": 50.964078,
        "activity_lines": [
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      },
      {
        "date": "2026-04-17",
        "close": 2.090463,
        "volume": 488900,
        "typical_volume": 862405.0,
        "trend": 2.171867,
        "fair_value": 1.866089,
        "relative_strength": -10.490016,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
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        "energy": 43.151533,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
        "close": 2.119769,
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        "relative_strength": -7.778872,
        "stage": 3,
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      },
      {
        "date": "2026-05-01",
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        "fair_value": 1.868006,
        "relative_strength": -8.79375,
        "stage": 3,
        "regime": "downward_expansion",
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 2.119769,
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        "typical_volume": 840935.0,
        "trend": 2.168286,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 841115.0,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 862830.0,
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      },
      {
        "date": "2026-05-29",
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        "volume": 470200,
        "typical_volume": 863280.0,
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      },
      {
        "date": "2026-06-05",
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        "volume": 43200,
        "typical_volume": 791165.0,
        "trend": 2.158812,
        "fair_value": 1.873411,
        "relative_strength": -9.961997,
        "stage": 3,
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        "modifier": "Early contraction",
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        "energy": 22.520169,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 2.09,
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        "typical_volume": 749020.0,
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        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -40.842987,
        "energy": 21.96036,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 571190.0,
        "trend": 2.154137,
        "fair_value": 1.875532,
        "relative_strength": -14.282025,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.405655,
        "energy": 52.492605,
        "activity_lines": [
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          2.127674
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      },
      {
        "date": "2026-07-03",
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        "volume": 55600,
        "typical_volume": 533270.0,
        "trend": 2.152122,
        "fair_value": 1.876429,
        "relative_strength": -15.202489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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      },
      {
        "date": "2026-07-10",
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        "volume": 192400,
        "typical_volume": 534695.0,
        "trend": 2.149796,
        "fair_value": 1.877454,
        "relative_strength": -17.548315,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 64.845989,
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          2.045333,
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      },
      {
        "date": "2026-07-17",
        "close": 2.02,
        "volume": 89800,
        "typical_volume": 410730.0,
        "trend": 2.146145,
        "fair_value": 1.87907,
        "relative_strength": -18.989235,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.695379,
        "energy": 65.066054,
        "activity_lines": [
          2.034667,
          2.054364,
          2.071521,
          2.104703
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2.01,
        "volume": 112900,
        "typical_volume": 352830.0,
        "trend": 2.141509,
        "fair_value": 1.879958,
        "relative_strength": -20.068299,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.056889,
        "energy": 61.055205,
        "activity_lines": [
          2.025333,
          2.043818,
          2.064695,
          2.095919
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.05,
        "volume": 128800,
        "typical_volume": 316280.0,
        "trend": 2.138207,
        "fair_value": 1.881224,
        "relative_strength": -18.6659,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.747183,
        "energy": 40.30673,
        "activity_lines": [
          2.032,
          2.041636,
          2.062201,
          2.090016
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.04,
        "volume": 322800,
        "typical_volume": 300395.0,
        "trend": 2.134571,
        "fair_value": 1.882546,
        "relative_strength": -19.661471,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.983689,
        "energy": 36.608828,
        "activity_lines": [
          2.034667,
          2.038545,
          2.059087,
          2.08368
        ]
      }
    ],
    "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."
    }
  }
}