{
  "ticker": {
    "uuid": "447e4d06-ff36-43b2-898e-bd0214238327",
    "symbol": "HESTERBIO",
    "name": "Hester Biosciences 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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 68.207,
    "architecture_energy": 63.107,
    "architecture_maturity": 45.082,
    "architecture_confidence": 83.249,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 6.1,
        "rotation_up": 72.0,
        "upward_expansion": 86.37,
        "deceleration": 58.54,
        "rotation_down": 14.82,
        "downward_expansion": 10.71
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
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    "latest_close": 2417.899902,
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    "distance_from_trend": 0.363391,
    "trend_direction": "Improving",
    "fair_value": 1856.8761,
    "distance_from_fair_value": 0.302133,
    "fair_value_direction": "Improving",
    "relative_strength": 37.236427,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.601789,
    "excess_performance": 0.645498,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.363391,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.126565,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.302133,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.396204,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.372364,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.369919,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.601789,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 12.411802,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 26299,
      "relative_activity": 0.231098,
      "balance": 12.411802,
      "dry_up": 3.413499,
      "accumulation_observations": 4,
      "distribution_observations": 0
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    "risk": {
      "range_context": 0.094189,
      "annualized_volatility": 0.372239,
      "from_high_reference": -0.099009,
      "from_low_reference": 0.951021
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    "levels": {
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      "fair_value_reference": 1856.8761,
      "structural_low": 1239.300049,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "sample_count": 10,
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 2452.0,
        "volume": 520499,
        "typical_volume": 114428.45,
        "trend": 1744.869116,
        "fair_value": 1852.374094,
        "relative_strength": 40.931259,
        "stage": 2,
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        "energy": 65.48479,
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      },
      {
        "date": "2026-08-07",
        "close": 2417.899902,
        "volume": 26299,
        "typical_volume": 113800.1,
        "trend": 1773.44578,
        "fair_value": 1856.8761,
        "relative_strength": 37.236427,
        "stage": 2,
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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."
    }
  }
}