{ "ticker": { "uuid": "5d22f8f4-6049-466d-b2c9-1e6c7b25ec3c", "symbol": "BPG", "name": "Black Pearl Group Limited", "exchange": "NZE", "country": "NZ", "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": "^NZ50", "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": -79.198, "architecture_energy": 88.249, "architecture_maturity": 64.0, "architecture_confidence": 96, "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": 7.53, "rotation_up": 17.41, "upward_expansion": 20.96, "deceleration": 37.56, "rotation_down": 70.34, "downward_expansion": 94.3 }, "activity_lines": [ 0.471, 0.509545, 0.581095, 0.653065 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 0.43, "trend_reference": 0.760333, "distance_from_trend": -0.434459, "trend_direction": "Weakening", "fair_value": 0.828126, "distance_from_fair_value": -0.480755, "fair_value_direction": "Weakening", "relative_strength": -52.738912, "relative_strength_direction": "Weakening", "price_momentum": -0.634043, "excess_performance": -0.662316, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.434459, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.168429, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.480755, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.358272, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.527389, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.275688, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.634043, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.20528, "read": "Supply-led" } ], "volume": { "latest": 191804, "relative_activity": 1.033674, "balance": 0.20528, "dry_up": 1.073587, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.167263, "annualized_volatility": 0.518162, "from_high_reference": -0.661417, "from_low_reference": 0.02381 }, "levels": { "trend_reference": 0.760333, "fair_value_reference": 0.828126, "structural_low": 0.42, 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63.634794, "activity_lines": [ 0.570667, 0.607, 0.682786, 0.753634 ] }, { "date": "2026-07-10", "close": 0.565, "volume": 151551, "typical_volume": 173322.95, "trend": 0.823167, "fair_value": 0.82976, "relative_strength": -41.317919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.380365, "energy": 60.06357, "activity_lines": [ 0.564333, 0.592818, 0.66519, 0.736161 ] }, { "date": "2026-07-17", "close": 0.55, "volume": 138096, "typical_volume": 174417.25, "trend": 0.809333, "fair_value": 0.829696, "relative_strength": -41.758364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.645712, "energy": 61.008945, "activity_lines": [ 0.558, 0.579909, 0.648143, 0.718538 ] }, { "date": "2026-07-24", "close": 0.49, "volume": 305904, "typical_volume": 182389.4, "trend": 0.793667, "fair_value": 0.829376, "relative_strength": -47.628657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.129472, "energy": 67.113571, "activity_lines": [ 0.536333, 0.559182, 0.627143, 0.697935 ] }, { "date": "2026-07-31", "close": 0.445, "volume": 161036, "typical_volume": 180715.6, "trend": 0.776833, "fair_value": 0.828767, "relative_strength": -51.410591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.617762, "energy": 79.76414, "activity_lines": [ 0.504333, 0.533818, 0.60381, 0.675441 ] }, { "date": "2026-08-07", "close": 0.43, "volume": 191804, "typical_volume": 185555.6, "trend": 0.760333, "fair_value": 0.828126, "relative_strength": -52.738912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.197547, "energy": 88.248891, "activity_lines": [ 0.471, 0.509545, 0.581095, 0.653065 ] } ], "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." } } }