{
  "ticker": {
    "uuid": "566e25dd-fdb6-4413-bec4-32b9d3fc141b",
    "symbol": "VNH",
    "name": "VietNam Holding Limited",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.091,
    "architecture_energy": 79.621,
    "architecture_maturity": 48.748,
    "architecture_confidence": 87.66,
    "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": 4.72,
        "rotation_up": 10.08,
        "upward_expansion": 19.09,
        "deceleration": 37.38,
        "rotation_down": 76.39,
        "downward_expansion": 94.75
      },
      "activity_lines": [
        319.4,
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        340.619048,
        349.376344
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 322.0,
    "trend_reference": 361.533333,
    "distance_from_trend": -0.109349,
    "trend_direction": "Weakening",
    "fair_value": 365.794872,
    "distance_from_fair_value": -0.119725,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.111974,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.148148,
    "excess_performance": -0.199383,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.109349,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.04352,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.119725,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.131902,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.21112,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.118974,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.148148,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.540983,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 157653,
      "relative_activity": 1.302883,
      "balance": 0.540983,
      "dry_up": 1.203284,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.051507,
      "annualized_volatility": 0.197093,
      "from_high_reference": -0.227818,
      "from_low_reference": 0.076923
    },
    "levels": {
      "trend_reference": 361.533333,
      "fair_value_reference": 365.794872,
      "structural_low": 299.0,
      "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": 15,
        "median_return": 0.013115,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.003737,
        "regime_survival": 0.8,
        "best_return": 0.099808,
        "worst_return": -0.091932,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.049839,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.037533,
        "regime_survival": 0.6,
        "best_return": 0.189655,
        "worst_return": -0.289433,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.114224,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.333333,
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        "worst_return": -0.254019,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.16881,
        "sufficient": false
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    ],
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-02-07",
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      },
      {
        "regime": "balance",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-06-20",
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        "active": false
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "active": false
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        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 176700.0,
        "trend": 383.0,
        "fair_value": 360.608974,
        "relative_strength": -9.214595,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -51.237514,
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        "activity_lines": [
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      },
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        "date": "2026-05-15",
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        "typical_volume": 175893.85,
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        "modifier": "Early contraction",
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        "activity_lines": [
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          376.197849
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 175762.25,
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        "energy": 38.627757,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 161858,
        "typical_volume": 172642.55,
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      },
      {
        "date": "2026-06-05",
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        "volume": 6982,
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        "relative_strength": -14.291792,
        "stage": 4,
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      },
      {
        "date": "2026-06-12",
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        "energy": 71.228729,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 131102.95,
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        "fair_value": 364.375,
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        "gate": "down",
        "direction": -58.031938,
        "energy": 52.361842,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 345.0,
        "volume": 9519,
        "typical_volume": 121345.4,
        "trend": 370.25,
        "fair_value": 364.804487,
        "relative_strength": -16.119035,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.148415,
        "energy": 42.339286,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 333.5,
        "volume": 180320,
        "typical_volume": 125813.9,
        "trend": 369.15,
        "fair_value": 365.150641,
        "relative_strength": -17.167205,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.893368,
        "energy": 46.437331,
        "activity_lines": [
          344.3,
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          354.730952,
          361.566667
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      },
      {
        "date": "2026-07-17",
        "close": 334.0,
        "volume": 106436,
        "typical_volume": 125598.3,
        "trend": 368.15,
        "fair_value": 365.458333,
        "relative_strength": -17.411577,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.561201,
        "energy": 51.903692,
        "activity_lines": [
          340.4,
          344.054545,
          352.102381,
          359.298925
        ]
      },
      {
        "date": "2026-07-24",
        "close": 308.5,
        "volume": 177474,
        "typical_volume": 130035.25,
        "trend": 366.083333,
        "fair_value": 365.548077,
        "relative_strength": -24.206697,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.072466,
        "energy": 82.368008,
        "activity_lines": [
          328.4,
          336.927273,
          347.37381,
          355.450538
        ]
      },
      {
        "date": "2026-07-31",
        "close": 313.5,
        "volume": 140842,
        "typical_volume": 129161.75,
        "trend": 363.566667,
        "fair_value": 365.647436,
        "relative_strength": -23.468236,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.581064,
        "energy": 84.139711,
        "activity_lines": [
          321.033333,
          331.727273,
          343.471429,
          352.058065
        ]
      },
      {
        "date": "2026-08-07",
        "close": 322.0,
        "volume": 157653,
        "typical_volume": 121003.2,
        "trend": 361.533333,
        "fair_value": 365.794872,
        "relative_strength": -21.111974,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.091285,
        "energy": 79.620581,
        "activity_lines": [
          319.4,
          328.845455,
          340.619048,
          349.376344
        ]
      }
    ],
    "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."
    }
  }
}