{ "ticker": { "uuid": "2e63df60-789a-46c5-9237-3a509dd26d6e", "symbol": "NEWGEN", "name": "Newgen Software Technologies 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 38.34, "architecture_energy": 56.995, "architecture_maturity": 9.922, "architecture_confidence": 52.96, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 33.49, "rotation_up": 66.34, "upward_expansion": 59.62, "deceleration": 24.33, "rotation_down": 16.98, "downward_expansion": 20.29 }, "activity_lines": [ 540.098273, 519.090558, 497.918033, 491.274072 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 551.0, "trend_reference": 501.355855, "distance_from_trend": 0.09902, "trend_direction": "Weakening", "fair_value": 858.293702, "distance_from_fair_value": -0.358029, "fair_value_direction": "Improving", "relative_strength": -15.662352, "relative_strength_direction": "Improving", "price_momentum": 0.037762, "excess_performance": 0.081472, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.09902, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.196442, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.358029, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.045638, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.156624, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.196419, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.037762, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.611403, "read": "Demand-led" } ], "volume": { "latest": 4711458, "relative_activity": 0.479357, "balance": 5.611403, "dry_up": 2.590832, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.088432, "annualized_volatility": 0.49466, "from_high_reference": -0.471184, "from_low_reference": 0.373894 }, "levels": { "trend_reference": 501.355855, "fair_value_reference": 858.293702, "structural_low": 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"stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.660825, "energy": 48.856927, "activity_lines": [ 529.564197, 508.587387, 490.917917, 488.612192 ] }, { "date": "2026-08-07", "close": 551.0, "volume": 4711458, "typical_volume": 9828701.25, "trend": 501.355855, "fair_value": 858.293702, "relative_strength": -15.662352, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.340029, "energy": 56.994876, "activity_lines": [ 540.098273, 519.090558, 497.918033, 491.274072 ] } ], "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." } } }