{
  "ticker": {
    "uuid": "26422f69-20a1-4505-a524-09ddaf79a6f4",
    "symbol": "L19",
    "name": "Lum Chang Holdings 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 87.026,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -63.1,
    "architecture_energy": 59.423,
    "architecture_maturity": 26.186,
    "architecture_confidence": 96,
    "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": 15.51,
        "rotation_up": 24.95,
        "upward_expansion": 12.88,
        "deceleration": 42.9,
        "rotation_down": 52.46,
        "downward_expansion": 86.21
      },
      "activity_lines": [
        0.501333,
        0.503182,
        0.522762,
        0.533504
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 0.5,
    "trend_reference": 0.555609,
    "distance_from_trend": -0.100087,
    "trend_direction": "Improving",
    "fair_value": 0.342491,
    "distance_from_fair_value": 0.459894,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.054131,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.25876,
    "excess_performance": -0.413595,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.100087,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029507,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.459894,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.4018,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.160541,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.375563,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.25876,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.211201,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 56700,
      "relative_activity": 0.266485,
      "balance": 0.211201,
      "dry_up": 0.317714,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.04,
      "annualized_volatility": 0.339663,
      "from_high_reference": -0.294058,
      "from_low_reference": 0.370704
    },
    "levels": {
      "trend_reference": 0.555609,
      "fair_value_reference": 0.342491,
      "structural_low": 0.48,
      "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": 16,
        "median_return": 0.0,
        "positive_rate": 0.375,
        "directional_follow_through": 0.4375,
        "median_excess_return": -0.010414,
        "regime_survival": 0.75,
        "best_return": 0.218182,
        "worst_return": -0.104478,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.040296,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.008459,
        "regime_survival": 0.5,
        "best_return": 0.1035,
        "worst_return": -0.102938,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.00365,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.006918,
        "regime_survival": 0.25,
        "best_return": 0.132926,
        "worst_return": -0.088715,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.003698,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.045213,
        "regime_survival": 0.0,
        "best_return": 0.017856,
        "worst_return": -0.066055,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-05-24",
        "end": "2024-06-28",
        "tenure": "Developing",
        "return": -0.136365,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-05",
        "end": "2024-10-25",
        "tenure": "Established",
        "return": 0.033335,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-01",
        "end": "2024-11-29",
        "tenure": "Developing",
        "return": -0.015575,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.034485,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-02-07",
        "tenure": "New",
        "return": 0.071428,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-04-11",
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        "return": 0.011394,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.033899,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-16",
        "end": "2025-09-26",
        "tenure": "Established",
        "return": 0.433334,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2025-10-10",
        "tenure": "New",
        "return": 0.011113,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-03-06",
        "tenure": "Established",
        "return": 0.301858,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-13",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.23,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.166667,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-06-19",
        "end": "2026-07-03",
        "tenure": "New",
        "return": 0.03,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2026-04-24",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-06-05",
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      {
        "date": "2026-06-12",
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        "relative_strength": -3.899866,
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -7.431384,
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 352410.0,
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        "fair_value": 0.336477,
        "relative_strength": -12.376532,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.338455,
        "energy": 73.537777,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 112000,
        "typical_volume": 289055.0,
        "trend": 0.554112,
        "fair_value": 0.337984,
        "relative_strength": -11.329086,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.182084,
        "energy": 67.224393,
        "activity_lines": [
          0.506333,
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          0.533143,
          0.544136
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      },
      {
        "date": "2026-07-24",
        "close": 0.5,
        "volume": 64500,
        "typical_volume": 244040.0,
        "trend": 0.554879,
        "fair_value": 0.339452,
        "relative_strength": -14.322047,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.131929,
        "energy": 61.050337,
        "activity_lines": [
          0.504667,
          0.508091,
          0.529571,
          0.540645
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      },
      {
        "date": "2026-07-31",
        "close": 0.5,
        "volume": 37200,
        "typical_volume": 226195.0,
        "trend": 0.555806,
        "fair_value": 0.341022,
        "relative_strength": -15.001486,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.796685,
        "energy": 65.183991,
        "activity_lines": [
          0.503,
          0.505091,
          0.526167,
          0.537105
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.5,
        "volume": 56700,
        "typical_volume": 212770.0,
        "trend": 0.555609,
        "fair_value": 0.342491,
        "relative_strength": -16.054131,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.099663,
        "energy": 59.423365,
        "activity_lines": [
          0.501333,
          0.503182,
          0.522762,
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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."
    }
  }
}