{
  "ticker": {
    "uuid": "5f3ddca9-4d85-4ebb-86f7-583cbb6945c4",
    "symbol": "SFC",
    "name": "Schaffer Corporation Limited",
    "exchange": "ASX",
    "country": "AU",
    "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": "^AXJO",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 50.097,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 23.052,
    "architecture_energy": 36.989,
    "architecture_maturity": 3.086,
    "architecture_confidence": 63.259,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 28.03,
        "rotation_up": 62.51,
        "upward_expansion": 50.89,
        "deceleration": 18.71,
        "rotation_down": 18.35,
        "downward_expansion": 23.56
      },
      "activity_lines": [
        19.303333,
        19.115273,
        18.987333,
        19.022959
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 19.4,
    "trend_reference": 19.140172,
    "distance_from_trend": 0.013575,
    "trend_direction": "Weakening",
    "fair_value": 19.074077,
    "distance_from_fair_value": 0.017087,
    "fair_value_direction": "Improving",
    "relative_strength": -5.842316,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.000288,
    "excess_performance": -0.063994,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.013575,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.01482,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.017087,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.014009,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.058423,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.002261,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.000288,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.339504,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4898,
      "relative_activity": 0.522855,
      "balance": 4.339504,
      "dry_up": 0.467612,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.024861,
      "annualized_volatility": 0.150562,
      "from_high_reference": -0.093869,
      "from_low_reference": 0.077778
    },
    "levels": {
      "trend_reference": 19.140172,
      "fair_value_reference": 19.074077,
      "structural_low": 18.0,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": 0.02076,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.012228,
        "regime_survival": 0.5,
        "best_return": 0.1,
        "worst_return": -0.05848,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.067251,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.009666,
        "regime_survival": 0.0,
        "best_return": 0.067251,
        "worst_return": 0.067251,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.244014,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.126229,
        "regime_survival": 0.0,
        "best_return": 0.244014,
        "worst_return": 0.244014,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.279749,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.107795,
        "regime_survival": 0.0,
        "best_return": 0.279749,
        "worst_return": 0.279749,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-06-16",
        "end": "2023-09-08",
        "tenure": "Established",
        "return": 0.020475,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-09-15",
        "end": "2023-09-29",
        "tenure": "New",
        "return": -0.000585,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-10-06",
        "end": "2023-11-17",
        "tenure": "Developing",
        "return": 0.008772,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-11-24",
        "end": "2023-12-01",
        "tenure": "New",
        "return": 0.014319,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
        "end": "2024-04-19",
        "tenure": "Established",
        "return": 0.118915,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-26",
        "end": "2024-06-21",
        "tenure": "Developing",
        "return": 0.104103,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-28",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.01814,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.076699,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2024-11-01",
        "tenure": "Developing",
        "return": 0.012093,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-08",
        "end": "2025-09-12",
        "tenure": "Extended",
        "return": 0.087391,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.075829,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-28",
        "end": "2025-12-19",
        "tenure": "New",
        "return": -0.0005,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-26",
        "end": "2026-07-31",
        "tenure": "Extended",
        "return": 0.002443,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 15.21496,
        "volume": 1126,
        "typical_volume": 13318.2,
        "trend": 15.550314,
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      },
      {
        "date": "2023-08-25",
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      },
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      },
      {
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      },
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        "date": "2023-09-15",
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      },
      {
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      },
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        "typical_volume": 8327.4,
        "trend": 19.66546,
        "fair_value": 18.717407,
        "relative_strength": -3.452506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.850306,
        "energy": 18.068134,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 7930.85,
        "trend": 19.604866,
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        "activity_lines": [
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        "date": "2026-05-15",
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        "typical_volume": 7674.3,
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        "relative_strength": -5.187855,
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        "energy": 33.614739,
        "activity_lines": [
          18.898666,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 7749.55,
        "trend": 19.446177,
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        "relative_strength": -5.598857,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.906752,
        "energy": 49.967036,
        "activity_lines": [
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      },
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        "date": "2026-05-29",
        "close": 19.01,
        "volume": 0,
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        "relative_strength": -3.813936,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 43.430577,
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      },
      {
        "date": "2026-06-05",
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        "fair_value": 18.833582,
        "relative_strength": -4.515094,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -58.380318,
        "energy": 44.729659,
        "activity_lines": [
          18.708667,
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      },
      {
        "date": "2026-06-12",
        "close": 18.870001,
        "volume": 21,
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        "trend": 19.306816,
        "fair_value": 18.858137,
        "relative_strength": -4.926944,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
        "direction": -51.337814,
        "energy": 30.29742,
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      },
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        "date": "2026-06-19",
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        "energy": 30.950413,
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      },
      {
        "date": "2026-06-26",
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.220824,
        "energy": 37.370246,
        "activity_lines": [
          18.66,
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          18.858808,
          19.025074
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      },
      {
        "date": "2026-07-03",
        "close": 19.049999,
        "volume": 1107,
        "typical_volume": 5133.2,
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        "fair_value": 18.933263,
        "relative_strength": -3.913658,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.486032,
        "energy": 20.755094,
        "activity_lines": [
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          19.011721
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      },
      {
        "date": "2026-07-10",
        "close": 19.200001,
        "volume": 116170,
        "typical_volume": 10357.35,
        "trend": 19.193943,
        "fair_value": 18.961845,
        "relative_strength": -2.580338,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.612852,
        "energy": 11.31763,
        "activity_lines": [
          18.926,
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          18.880291,
          19.010303
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      },
      {
        "date": "2026-07-17",
        "close": 18.6,
        "volume": 1694,
        "typical_volume": 9963.95,
        "trend": 19.162202,
        "fair_value": 18.986019,
        "relative_strength": -5.39025,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.227242,
        "energy": 18.247833,
        "activity_lines": [
          18.842667,
          18.799636,
          18.843952,
          18.971985
        ]
      },
      {
        "date": "2026-07-24",
        "close": 19.25,
        "volume": 4699,
        "typical_volume": 9285.4,
        "trend": 19.152127,
        "fair_value": 19.014866,
        "relative_strength": -1.72001,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -0.965083,
        "energy": 10.329666,
        "activity_lines": [
          18.994,
          18.888909,
          18.874286,
          18.977649
        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.6,
        "volume": 6231,
        "typical_volume": 9454.25,
        "trend": 19.145572,
        "fair_value": 19.0459,
        "relative_strength": -2.069009,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 30.347024,
        "energy": 30.712803,
        "activity_lines": [
          19.216667,
          19.03,
          18.940571,
          19.006544
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.4,
        "volume": 4898,
        "typical_volume": 9367.8,
        "trend": 19.140172,
        "fair_value": 19.074077,
        "relative_strength": -5.842316,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 23.051875,
        "energy": 36.988842,
        "activity_lines": [
          19.303333,
          19.115273,
          18.987333,
          19.022959
        ]
      }
    ],
    "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."
    }
  }
}