{
  "ticker": {
    "uuid": "4bdef2dc-f579-43fd-a4bf-a5b0587018ab",
    "symbol": "9647",
    "name": "Kyowa Engineering Consultants Co., Ltd.",
    "exchange": "JPX",
    "country": "JP",
    "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": "^N225",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -73.064,
    "architecture_energy": 77.286,
    "architecture_maturity": 30.274,
    "architecture_confidence": 84.945,
    "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": 7.01,
        "rotation_up": 12.29,
        "upward_expansion": 16.58,
        "deceleration": 42.25,
        "rotation_down": 73.95,
        "downward_expansion": 89.91
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 6170.0,
    "trend_reference": 7745.666667,
    "distance_from_trend": -0.203426,
    "trend_direction": "Weakening",
    "fair_value": 5689.607463,
    "distance_from_fair_value": 0.084433,
    "fair_value_direction": "Weakening",
    "relative_strength": -30.410255,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.30752,
    "excess_performance": -0.516778,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.203426,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.015788,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.084433,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.408625,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.304103,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.172542,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.30752,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.405844,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 8300,
      "relative_activity": 2.150259,
      "balance": 0.405844,
      "dry_up": 1.955959,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.069567,
      "annualized_volatility": 0.297861,
      "from_high_reference": -0.433945,
      "from_low_reference": 0.056507
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    "levels": {
      "trend_reference": 7745.666667,
      "fair_value_reference": 5689.607463,
      "structural_low": 5840.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 10,
        "median_return": 0.01827,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.025933,
        "regime_survival": 0.8,
        "best_return": 0.177642,
        "worst_return": -0.035826,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.063348,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
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        "regime_survival": 0.333333,
        "best_return": 0.578352,
        "worst_return": 0.024834,
        "sufficient": false
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        "horizon": "Extended",
        "sample_count": 2,
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        "positive_rate": 1.0,
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        "median_excess_return": 0.233008,
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        "worst_return": 0.202112,
        "sufficient": false
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      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "regime": "rotation_down",
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        "active": false
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      },
      {
        "date": "2026-03-27",
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        "date": "2026-04-03",
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        "date": "2026-04-10",
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        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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      },
      {
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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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      {
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      },
      {
        "date": "2026-07-03",
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      {
        "date": "2026-07-10",
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        "fair_value": 5620.22345,
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      },
      {
        "date": "2026-07-17",
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        "volume": 12000,
        "typical_volume": 3720.0,
        "trend": 7922.333333,
        "fair_value": 5637.61174,
        "relative_strength": -28.947718,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -86.512006,
        "energy": 74.548115,
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      },
      {
        "date": "2026-07-24",
        "close": 6490.0,
        "volume": 1400,
        "typical_volume": 3530.0,
        "trend": 7881.333333,
        "fair_value": 5656.595482,
        "relative_strength": -26.844697,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.348093,
        "energy": 63.34259,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 6140.0,
        "volume": 8500,
        "typical_volume": 3770.0,
        "trend": 7831.333333,
        "fair_value": 5673.083966,
        "relative_strength": -29.942854,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.885157,
        "energy": 76.233524,
        "activity_lines": [
          6447.333333,
          6642.0,
          7027.047619,
          7353.483871
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      },
      {
        "date": "2026-08-07",
        "close": 6170.0,
        "volume": 8300,
        "typical_volume": 3860.0,
        "trend": 7745.666667,
        "fair_value": 5689.607463,
        "relative_strength": -30.410255,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.063619,
        "energy": 77.285657,
        "activity_lines": [
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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."
    }
  }
}