{
  "ticker": {
    "uuid": "4d9b68dd-fd4b-44bf-87ad-12b59e08e622",
    "symbol": "T14",
    "name": "Tianjin Pharmaceutical Da Ren Tang Group Corporation 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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 93.567,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -36.833,
    "architecture_energy": 24.828,
    "architecture_maturity": 60.665,
    "architecture_confidence": 76.322,
    "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": 41.64,
        "rotation_up": 27.56,
        "upward_expansion": 20.96,
        "deceleration": 45.1,
        "rotation_down": 22.88,
        "downward_expansion": 54.96
      },
      "activity_lines": [
        2.771333,
        2.745739,
        2.774944,
        2.882737
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 2.75,
    "trend_reference": 2.998322,
    "distance_from_trend": -0.08282,
    "trend_direction": "Weakening",
    "fair_value": 2.039893,
    "distance_from_fair_value": 0.34811,
    "fair_value_direction": "Weakening",
    "relative_strength": -18.309985,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.183976,
    "excess_performance": -0.338811,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.08282,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.005649,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.34811,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.109144,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.1831,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.154373,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.183976,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.286176,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1149400,
      "relative_activity": 1.52583,
      "balance": 0.286176,
      "dry_up": 1.536284,
      "accumulation_observations": 1,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.045613,
      "annualized_volatility": 0.254401,
      "from_high_reference": -0.266667,
      "from_low_reference": 0.282941
    },
    "levels": {
      "trend_reference": 2.998322,
      "fair_value_reference": 2.039893,
      "structural_low": 2.546649,
      "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": 11,
        "median_return": 0.042328,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.181818,
        "median_excess_return": 0.029469,
        "regime_survival": 0.545455,
        "best_return": 0.097142,
        "worst_return": -0.036697,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.159175,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.166667,
        "median_excess_return": 0.116127,
        "regime_survival": 0.166667,
        "best_return": 0.20202,
        "worst_return": -0.022936,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.147009,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.111995,
        "regime_survival": 0.0,
        "best_return": 1.242423,
        "worst_return": 0.043558,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.516239,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.445934,
        "regime_survival": 0.0,
        "best_return": 0.674392,
        "worst_return": 0.450547,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-15",
        "end": "2024-03-29",
        "tenure": "New",
        "return": 0.036082,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-05",
        "end": "2024-08-16",
        "tenure": "Established",
        "return": 0.202315,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-23",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": 0.111628,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.078512,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.045454,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-03-21",
        "tenure": "Established",
        "return": -0.022936,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-28",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.022222,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.025751,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-06",
        "end": "2025-10-17",
        "tenure": "Established",
        "return": 0.232034,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.160305,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-03-27",
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        "return": 0.322263,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "Developing",
        "return": -0.135011,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-05-22",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": -0.055728,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-26",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.076251,
        "active": true
      }
    ],
    "chart_path": [
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        "typical_volume": 1581200.0,
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        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 22.412638,
        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
        "close": 3.18,
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        "typical_volume": 892770.0,
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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        "modifier": "Momentum cooling",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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      },
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      },
      {
        "date": "2026-06-05",
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      },
      {
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -17.176895,
        "stage": 4,
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        "energy": 87.535773,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 705990.0,
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        "fair_value": 1.996304,
        "relative_strength": -11.096265,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -12.917426,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -51.531722,
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      },
      {
        "date": "2026-07-17",
        "close": 2.79,
        "volume": 1456000,
        "typical_volume": 722605.0,
        "trend": 3.014416,
        "fair_value": 2.0146,
        "relative_strength": -14.753632,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.23792,
        "energy": 33.542375,
        "activity_lines": [
          2.752539,
          2.718374,
          2.820282,
          2.930072
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2.75,
        "volume": 1014400,
        "typical_volume": 733760.0,
        "trend": 3.00611,
        "fair_value": 2.022657,
        "relative_strength": -17.078414,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.692189,
        "energy": 25.983088,
        "activity_lines": [
          2.766344,
          2.724985,
          2.801439,
          2.913013
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.79,
        "volume": 1009300,
        "typical_volume": 723300.0,
        "trend": 3.003171,
        "fair_value": 2.031243,
        "relative_strength": -16.310163,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.382702,
        "energy": 26.434903,
        "activity_lines": [
          2.783333,
          2.739352,
          2.788977,
          2.899071
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.75,
        "volume": 1149400,
        "typical_volume": 753295.0,
        "trend": 2.998322,
        "fair_value": 2.039893,
        "relative_strength": -18.309985,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.833115,
        "energy": 24.827878,
        "activity_lines": [
          2.771333,
          2.745739,
          2.774944,
          2.882737
        ]
      }
    ],
    "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."
    }
  }
}