{
  "ticker": {
    "uuid": "68e36b18-8aff-4b50-8857-dcb8f5664fe0",
    "symbol": "1F2",
    "name": "Union Gas Holdings 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 67.817,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": 17.282,
    "architecture_energy": 13.436,
    "architecture_maturity": 34.766,
    "architecture_confidence": 49.787,
    "architecture_tenure": "New",
    "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": 52.54,
        "rotation_up": 42.26,
        "upward_expansion": 26.2,
        "deceleration": 49.71,
        "rotation_down": 19.32,
        "downward_expansion": 26.2
      },
      "activity_lines": [
        0.416667,
        0.409448,
        0.420976,
        0.422274
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 0.45,
    "trend_reference": 0.415609,
    "distance_from_trend": 0.08275,
    "trend_direction": "Improving",
    "fair_value": 0.353742,
    "distance_from_fair_value": 0.272114,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.735068,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.2,
    "excess_performance": 0.045165,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08275,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031832,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.272114,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.093297,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.047351,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.196523,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.2,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.55669,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2943300,
      "relative_activity": 1.82131,
      "balance": 1.55669,
      "dry_up": 0.593041,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.054303,
      "annualized_volatility": 0.523886,
      "from_high_reference": -0.142857,
      "from_low_reference": 0.2834
    },
    "levels": {
      "trend_reference": 0.415609,
      "fair_value_reference": 0.353742,
      "structural_low": 0.355,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.041884,
        "positive_rate": 0.181818,
        "directional_follow_through": 0.181818,
        "median_excess_return": -0.039204,
        "regime_survival": 0.636364,
        "best_return": 0.027778,
        "worst_return": -0.091225,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.031387,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.047299,
        "regime_survival": 0.25,
        "best_return": 0.333333,
        "worst_return": -0.184231,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.009797,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.009113,
        "regime_survival": 0.0,
        "best_return": 0.332186,
        "worst_return": -0.210717,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.223769,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.289615,
        "regime_survival": 0.0,
        "best_return": -0.133306,
        "worst_return": -0.314232,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-11",
        "end": "2025-01-31",
        "tenure": "Established",
        "return": -0.112675,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-07",
        "end": "2025-05-23",
        "tenure": "Established",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-13",
        "tenure": "New",
        "return": -0.016804,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-07-11",
        "tenure": "New",
        "return": 0.015624,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": 0.102944,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-19",
        "end": "2025-09-26",
        "tenure": "New",
        "return": -0.013157,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-03",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.063474,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": -0.026667,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-16",
        "end": "2026-01-30",
        "tenure": "New",
        "return": 0.041096,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-06",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-03-20",
        "end": "2026-05-29",
        "tenure": "Developing",
        "return": -0.111162,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-05",
        "end": "2026-07-03",
        "tenure": "Developing",
        "return": -0.091225,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-10",
        "end": "2026-07-24",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.125,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 281210.0,
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        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-07-03",
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        "date": "2026-07-10",
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        "relative_strength": -13.097659,
        "stage": 3,
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 2502425.0,
        "trend": 0.410275,
        "fair_value": 0.353304,
        "relative_strength": -13.581644,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.299957,
        "energy": 55.687504,
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          0.397667,
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          0.421284
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.4,
        "volume": 235200,
        "typical_volume": 2489865.0,
        "trend": 0.411609,
        "fair_value": 0.353256,
        "relative_strength": -14.387622,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.836262,
        "energy": 35.258189,
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          0.398333,
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          0.422507,
          0.420621
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      },
      {
        "date": "2026-07-31",
        "close": 0.4,
        "volume": 276300,
        "typical_volume": 2480155.0,
        "trend": 0.412775,
        "fair_value": 0.353295,
        "relative_strength": -14.572736,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -28.178143,
        "energy": 28.853554,
        "activity_lines": [
          0.399667,
          0.401977,
          0.41942,
          0.419873
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.45,
        "volume": 2943300,
        "typical_volume": 1616035.0,
        "trend": 0.415609,
        "fair_value": 0.353742,
        "relative_strength": -4.735068,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 17.281605,
        "energy": 13.435559,
        "activity_lines": [
          0.416667,
          0.409448,
          0.420976,
          0.422274
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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."
    }
  }
}