{
  "ticker": {
    "uuid": "53b131e0-79d5-4b85-b1ea-b4cd437cdff9",
    "symbol": "MZH",
    "name": "Nanofilm Technologies International 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 7.051,
    "architecture_energy": 19.307,
    "architecture_maturity": 56.331,
    "architecture_confidence": 68.414,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 57.72,
        "rotation_up": 15.98,
        "upward_expansion": 42.49,
        "deceleration": 79.23,
        "rotation_down": 36.54,
        "downward_expansion": 31.82
      },
      "activity_lines": [
        1.099333,
        1.140364,
        1.197724,
        1.11286
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 1.12,
    "trend_reference": 0.974387,
    "distance_from_trend": 0.149441,
    "trend_direction": "Improving",
    "fair_value": 0.782424,
    "distance_from_fair_value": 0.431449,
    "fair_value_direction": "Weakening",
    "relative_strength": 11.944112,
    "relative_strength_direction": "Weakening",
    "price_momentum": 1.066874,
    "excess_performance": 0.912039,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.149441,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.234386,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.431449,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.483467,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.119441,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.842077,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.066874,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.381734,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 29503100,
      "relative_activity": 0.632301,
      "balance": 0.381734,
      "dry_up": 0.690791,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.120192,
      "annualized_volatility": 0.96156,
      "from_high_reference": -0.329495,
      "from_low_reference": 1.125374
    },
    "levels": {
      "trend_reference": 0.974387,
      "fair_value_reference": 0.782424,
      "structural_low": 0.541881,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.124219,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.141024,
        "regime_survival": 0.5,
        "best_return": -0.071427,
        "worst_return": -0.172414,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.097525,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.164261,
        "regime_survival": 0.0,
        "best_return": 0.00495,
        "worst_return": -0.199999,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.674327,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.554515,
        "regime_survival": 0.0,
        "best_return": 1.200002,
        "worst_return": 0.148652,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.081078,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.301242,
        "regime_survival": 0.0,
        "best_return": -0.081078,
        "worst_return": -0.081078,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-23",
        "end": "2024-10-04",
        "tenure": "Developing",
        "return": 0.174119,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-11-08",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.031848,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-06-27",
        "tenure": "Established",
        "return": -0.152954,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-04",
        "end": "2025-07-11",
        "tenure": "New",
        "return": -0.007874,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.090226,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.099377,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.071427,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-28",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": -0.099237,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-03-13",
        "tenure": "Developing",
        "return": 0.050847,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": 0.032519,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "return": 0.987098,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.152684,
        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "Developing",
        "return": -0.125,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 47698480.0,
        "trend": 0.940165,
        "fair_value": 0.781464,
        "relative_strength": 12.610685,
        "stage": 2,
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        "direction": 17.211212,
        "energy": 16.809037,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 1.06,
        "volume": 35498300,
        "typical_volume": 46531230.0,
        "trend": 0.955945,
        "fair_value": 0.781534,
        "relative_strength": 7.571273,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.680384,
        "energy": 17.068765,
        "activity_lines": [
          1.105333,
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      },
      {
        "date": "2026-08-07",
        "close": 1.12,
        "volume": 29503100,
        "typical_volume": 46659905.0,
        "trend": 0.974387,
        "fair_value": 0.782424,
        "relative_strength": 11.944112,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.050679,
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        "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."
    }
  }
}