{
  "ticker": {
    "uuid": "1a015836-22ba-4193-869c-ae0513d6ab44",
    "symbol": "SNOWMAN",
    "name": "Snowman Logistics 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": 58.61,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -19.802,
    "architecture_energy": 9.381,
    "architecture_maturity": 37.817,
    "architecture_confidence": 59.478,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 51.86,
        "rotation_up": 26.64,
        "upward_expansion": 20.41,
        "deceleration": 34.74,
        "rotation_down": 32.41,
        "downward_expansion": 56.74
      },
      "activity_lines": [
        37.962,
        37.796909,
        38.13319,
        38.135154
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 39.150002,
    "trend_reference": 38.256286,
    "distance_from_trend": 0.023361,
    "trend_direction": "Weakening",
    "fair_value": 56.103119,
    "distance_from_fair_value": -0.302178,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.576511,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.075362,
    "excess_performance": -0.031653,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.023361,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.035457,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.302178,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.040567,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.065765,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.01778,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.075362,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.727093,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4197746,
      "relative_activity": 3.827755,
      "balance": 1.727093,
      "dry_up": 1.516039,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.063307,
      "annualized_volatility": 0.38053,
      "from_high_reference": -0.33791,
      "from_low_reference": 0.283607
    },
    "levels": {
      "trend_reference": 38.256286,
      "fair_value_reference": 56.103119,
      "structural_low": 30.5,
      "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": 17,
        "median_return": -0.038563,
        "positive_rate": 0.294118,
        "directional_follow_through": 0.294118,
        "median_excess_return": -0.048678,
        "regime_survival": 0.529412,
        "best_return": 0.258156,
        "worst_return": -0.120586,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.057811,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.073898,
        "regime_survival": 0.111111,
        "best_return": 0.496592,
        "worst_return": -0.407278,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.097013,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.135279,
        "regime_survival": 0.166667,
        "best_return": 0.458004,
        "worst_return": -0.391859,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.290775,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.302589,
        "regime_survival": 0.25,
        "best_return": 0.499412,
        "worst_return": -0.45566,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-01",
        "end": "2024-03-15",
        "tenure": "Established",
        "return": 0.093965,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-22",
        "end": "2024-04-19",
        "tenure": "Developing",
        "return": -0.001465,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-07-05",
        "tenure": "Developing",
        "return": 0.13981,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "tenure": "Established",
        "return": -0.050583,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-12-06",
        "tenure": "Developing",
        "return": 0.132881,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.120586,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-05-23",
        "tenure": "Established",
        "return": -0.115599,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.014305,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-18",
        "tenure": "Developing",
        "return": -0.051035,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-08-29",
        "tenure": "Developing",
        "return": -0.100392,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-09-12",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "return": -0.122202,
        "active": false
      },
      {
        "regime": "balance",
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        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.0369,
        "active": true
      }
    ],
    "chart_path": [
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      {
        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 1123926,
        "typical_volume": 1067625.5,
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        "fair_value": 56.305903,
        "relative_strength": -11.43061,
        "stage": 4,
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        "modifier": "Balance after decline",
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        "energy": 35.261581,
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          37.428666,
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          38.204541
        ]
      },
      {
        "date": "2026-07-24",
        "close": 36.400002,
        "volume": 524861,
        "typical_volume": 1028044.35,
        "trend": 38.294971,
        "fair_value": 56.236775,
        "relative_strength": -11.310666,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -57.484226,
        "energy": 47.615217,
        "activity_lines": [
          36.966666,
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          37.975286,
          38.074889
        ]
      },
      {
        "date": "2026-07-31",
        "close": 38.299999,
        "volume": 803785,
        "typical_volume": 985881.65,
        "trend": 38.220921,
        "fair_value": 56.176143,
        "relative_strength": -8.448885,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.749517,
        "energy": 34.479056,
        "activity_lines": [
          37.337333,
          37.508363,
          38.022047,
          38.075213
        ]
      },
      {
        "date": "2026-08-07",
        "close": 39.150002,
        "volume": 4197746,
        "typical_volume": 1096660.1,
        "trend": 38.256286,
        "fair_value": 56.103119,
        "relative_strength": -6.576511,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.802213,
        "energy": 9.380963,
        "activity_lines": [
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          37.796909,
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          38.135154
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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."
    }
  }
}