{
  "ticker": {
    "uuid": "318139fd-6d62-46e0-8363-a8927eaca4a6",
    "symbol": "Q5T",
    "name": "Far East Hospitality Trust",
    "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": 94.36,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -52.081,
    "architecture_energy": 26.389,
    "architecture_maturity": 55.356,
    "architecture_confidence": 91.158,
    "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": 24.11,
        "rotation_up": 24.82,
        "upward_expansion": 4.7,
        "deceleration": 53.75,
        "rotation_down": 47.05,
        "downward_expansion": 78.04
      },
      "activity_lines": [
        0.562143,
        0.56285,
        0.5661,
        0.569436
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 0.56,
    "trend_reference": 0.576262,
    "distance_from_trend": -0.028219,
    "trend_direction": "Weakening",
    "fair_value": 0.556807,
    "distance_from_fair_value": 0.005734,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.310087,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.075322,
    "excess_performance": -0.230157,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.028219,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.016232,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.005734,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.044353,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.193101,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.109365,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.075322,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.325757,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5645900,
      "relative_activity": 1.520441,
      "balance": 1.325757,
      "dry_up": 1.246327,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.029954,
      "annualized_volatility": 0.130441,
      "from_high_reference": -0.082719,
      "from_low_reference": 0.01981
    },
    "levels": {
      "trend_reference": 0.576262,
      "fair_value_reference": 0.556807,
      "structural_low": 0.549122,
      "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": 12,
        "median_return": 0.008368,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.009519,
        "regime_survival": 0.75,
        "best_return": 0.071176,
        "worst_return": -0.096491,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.050419,
        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.014997,
        "regime_survival": 0.4,
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        "worst_return": -0.090144,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.045055,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.004112,
        "regime_survival": 0.0,
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        "worst_return": 0.010952,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 1.0,
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        "median_excess_return": 0.025201,
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        "worst_return": 0.076251,
        "sufficient": false
      }
    ],
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        "color": "green",
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        "end": "2024-04-19",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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      },
      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "balance",
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "active": false
      },
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        "regime": "downward_expansion",
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      },
      {
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      {
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      },
      {
        "date": "2026-07-17",
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        "energy": 48.609804,
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      },
      {
        "date": "2026-07-24",
        "close": 0.573419,
        "volume": 4277500,
        "typical_volume": 4166170.0,
        "trend": 0.57869,
        "fair_value": 0.556335,
        "relative_strength": -16.680049,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -46.489042,
        "energy": 31.886363,
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          0.563796,
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          0.568015,
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      },
      {
        "date": "2026-07-31",
        "close": 0.558841,
        "volume": 3571400,
        "typical_volume": 3903445.0,
        "trend": 0.577619,
        "fair_value": 0.55654,
        "relative_strength": -18.929184,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.078969,
        "energy": 29.373538,
        "activity_lines": [
          0.562404,
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          0.567,
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      },
      {
        "date": "2026-08-07",
        "close": 0.56,
        "volume": 5645900,
        "typical_volume": 3713330.0,
        "trend": 0.576262,
        "fair_value": 0.556807,
        "relative_strength": -19.310087,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.080646,
        "energy": 26.389319,
        "activity_lines": [
          0.562143,
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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."
    }
  }
}