{
  "ticker": {
    "uuid": "08c1b40a-b461-433e-b6d9-9cfd0b8c1aba",
    "symbol": "GEMS",
    "name": "PT Golden Energy Mines Tbk",
    "exchange": "JKT",
    "country": "ID",
    "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": "2026-08-21",
    "benchmark": "^JKSE",
    "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": -38.156,
    "architecture_energy": 26.591,
    "architecture_maturity": 76.067,
    "architecture_confidence": 66.393,
    "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": 40.42,
        "rotation_up": 27.33,
        "upward_expansion": 20.62,
        "deceleration": 45.67,
        "rotation_down": 24.93,
        "downward_expansion": 54.62
      },
      "activity_lines": [
        6593.333333,
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        7005.376344
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 6700.0,
    "trend_reference": 7375.0,
    "distance_from_trend": -0.091525,
    "trend_direction": "Weakening",
    "fair_value": 7592.601597,
    "distance_from_fair_value": -0.117562,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.955068,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.146497,
    "excess_performance": 0.064592,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.091525,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.085933,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.117562,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.138973,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.039551,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.138812,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.146497,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.925549,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 562000,
      "relative_activity": 1.735157,
      "balance": 0.925549,
      "dry_up": 0.805212,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.07147,
      "annualized_volatility": 0.46265,
      "from_high_reference": -0.298429,
      "from_low_reference": 0.175439
    },
    "levels": {
      "trend_reference": 7375.0,
      "fair_value_reference": 7592.601597,
      "structural_low": 5700.0,
      "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": 15,
        "median_return": 0.003846,
        "positive_rate": 0.533333,
        "directional_follow_through": 0.466667,
        "median_excess_return": 0.021579,
        "regime_survival": 0.733333,
        "best_return": 0.138614,
        "worst_return": -0.132013,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.008698,
        "regime_survival": 0.5,
        "best_return": 0.180328,
        "worst_return": -0.18429,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.065699,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.020095,
        "regime_survival": 0.333333,
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        "worst_return": -0.226361,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.094122,
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    ],
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "return": 0.038961,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "tenure": "Extended",
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      },
      {
        "regime": "deceleration",
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        "return": -0.068463,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-14",
        "end": "2025-05-23",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "New",
        "return": 0.047432,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "violet",
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        "tenure": "New",
        "return": -0.00545,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "date": "2026-04-10",
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        "date": "2026-04-24",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-17",
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        "date": "2026-07-24",
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        "stage": 4,
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      },
      {
        "date": "2026-07-31",
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        "volume": 102400,
        "typical_volume": 357660.0,
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        "fair_value": 7552.957275,
        "relative_strength": -3.776489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "energy": 38.399168,
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          7174.784946
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      },
      {
        "date": "2026-08-07",
        "close": 6600.0,
        "volume": 213500,
        "typical_volume": 362400.0,
        "trend": 7485.0,
        "fair_value": 7566.66856,
        "relative_strength": -4.207587,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.782534,
        "energy": 32.777092,
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          6535.0,
          6439.090909,
          6777.380952,
          7114.139785
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      },
      {
        "date": "2026-08-14",
        "close": 6525.0,
        "volume": 165300,
        "typical_volume": 348625.0,
        "trend": 7425.833333,
        "fair_value": 7579.789094,
        "relative_strength": -4.933685,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.526998,
        "energy": 30.633924,
        "activity_lines": [
          6540.0,
          6465.454545,
          6713.214286,
          7052.204301
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      },
      {
        "date": "2026-08-21",
        "close": 6700.0,
        "volume": 562000,
        "typical_volume": 323890.0,
        "trend": 7375.0,
        "fair_value": 7592.601597,
        "relative_strength": -3.955068,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.15552,
        "energy": 26.590835,
        "activity_lines": [
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          7005.376344
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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."
    }
  }
}