{
  "ticker": {
    "uuid": "6bb16585-f978-4177-9a4b-f2ff970e5f2e",
    "symbol": "BIPH",
    "name": "Safeplus International Holdings Limited",
    "exchange": "NYSE",
    "country": "US",
    "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": "SPY",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 60.929,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 26.359,
    "architecture_energy": 15.13,
    "architecture_maturity": 30.519,
    "architecture_confidence": 51.524,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 59.72,
        "rotation_up": 45.25,
        "upward_expansion": 68.41,
        "deceleration": 49.89,
        "rotation_down": 20.23,
        "downward_expansion": 11.75
      },
      "activity_lines": [
        16.102933,
        16.076223,
        16.08399,
        16.053781
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 15.94,
    "trend_reference": 16.044156,
    "distance_from_trend": -0.006492,
    "trend_direction": "Improving",
    "fair_value": 15.451262,
    "distance_from_fair_value": 0.031631,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.698338,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.01409,
    "excess_performance": -0.139715,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.006492,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.001536,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.031631,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.031022,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.116983,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.029767,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.01409,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.881361,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 158292,
      "relative_activity": 1.81686,
      "balance": 0.881361,
      "dry_up": 1.040417,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.029212,
      "annualized_volatility": 0.101734,
      "from_high_reference": -0.048802,
      "from_low_reference": 0.075867
    },
    "levels": {
      "trend_reference": 16.044156,
      "fair_value_reference": 15.451262,
      "structural_low": 14.815952,
      "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": 15,
        "median_return": -0.011453,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.004691,
        "regime_survival": 0.466667,
        "best_return": 0.053512,
        "worst_return": -0.048837,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.000109,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.034481,
        "regime_survival": 0.333333,
        "best_return": 0.130199,
        "worst_return": -0.142581,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.046033,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.081634,
        "regime_survival": 0.666667,
        "best_return": 0.078465,
        "worst_return": -0.053054,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.036456,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.15992,
        "regime_survival": 0.666667,
        "best_return": 0.061294,
        "worst_return": 0.021248,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-02",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.068214,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2024-11-29",
        "tenure": "Established",
        "return": 0.015872,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.036935,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-20",
        "end": "2025-01-10",
        "tenure": "New",
        "return": 0.054977,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.01265,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.079107,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-07-11",
        "tenure": "Established",
        "return": 0.073665,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": 0.010526,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-08",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": 0.056346,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.033734,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-07",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.011562,
        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2026-03-20",
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        "return": -0.036244,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2026-04-24",
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        "return": 0.037641,
        "active": false
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      {
        "regime": "balance",
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        "color": "blue",
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        "tenure": "Established",
        "return": -0.024288,
        "active": true
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    ],
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        "fair_value": 15.253745,
        "relative_strength": -6.440884,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -17.321157,
        "energy": 11.021729,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 16.336795,
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        "typical_volume": 78225.55,
        "trend": 16.021057,
        "fair_value": 15.278318,
        "relative_strength": -6.425984,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 8.143871,
        "energy": 16.736716,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 77875.05,
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        "relative_strength": -8.721667,
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        "modifier": "Balance after decline",
        "gate": "mixed",
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        "energy": 22.240667,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 16.120933,
        "volume": 36247,
        "typical_volume": 76606.6,
        "trend": 16.018592,
        "fair_value": 15.320604,
        "relative_strength": -9.458967,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.556279,
        "energy": 27.392755,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
        "close": 15.983567,
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        "typical_volume": 74376.6,
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        "fair_value": 15.337214,
        "relative_strength": -10.735831,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 44.374812,
        "energy": 24.337518,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "trend": 16.01955,
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        "relative_strength": -10.396277,
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        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 22.349922,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 16.032626,
        "volume": 110970,
        "typical_volume": 77186.7,
        "trend": 16.020252,
        "fair_value": 15.353023,
        "relative_strength": -8.964162,
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        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 12.887748,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 40801,
        "typical_volume": 75014.15,
        "trend": 16.019683,
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        "relative_strength": -9.292939,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 12.461887,
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 15.379794,
        "relative_strength": -8.287045,
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        "energy": 17.627126,
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      },
      {
        "date": "2026-06-26",
        "close": 15.82,
        "volume": 66696,
        "typical_volume": 74589.2,
        "trend": 16.029841,
        "fair_value": 15.385603,
        "relative_strength": -8.582784,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 15.933551,
        "energy": 8.455885,
        "activity_lines": [
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          16.035299
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      },
      {
        "date": "2026-07-03",
        "close": 15.84,
        "volume": 239292,
        "typical_volume": 83402.3,
        "trend": 16.023807,
        "fair_value": 15.394659,
        "relative_strength": -10.182209,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -9.791151,
        "energy": 8.30113,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 16.08,
        "volume": 101081,
        "typical_volume": 84909.2,
        "trend": 16.024833,
        "fair_value": 15.403748,
        "relative_strength": -9.788981,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -1.060476,
        "energy": 3.661662,
        "activity_lines": [
          15.989521,
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      },
      {
        "date": "2026-07-17",
        "close": 16.25,
        "volume": 57305,
        "typical_volume": 81400.95,
        "trend": 16.033347,
        "fair_value": 15.415355,
        "relative_strength": -7.17875,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 44.1807,
        "energy": 18.644761,
        "activity_lines": [
          16.068667,
          16.063622,
          16.058888,
          16.041204
        ]
      },
      {
        "date": "2026-07-24",
        "close": 16.208,
        "volume": 51901,
        "typical_volume": 82086.7,
        "trend": 16.034366,
        "fair_value": 15.428549,
        "relative_strength": -6.652695,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 45.979731,
        "energy": 21.579107,
        "activity_lines": [
          16.118667,
          16.089099,
          16.078304,
          16.052472
        ]
      },
      {
        "date": "2026-07-31",
        "close": 16.16,
        "volume": 95083,
        "typical_volume": 83042.3,
        "trend": 16.045334,
        "fair_value": 15.441023,
        "relative_strength": -7.656938,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 43.942012,
        "energy": 27.222823,
        "activity_lines": [
          16.1588,
          16.104265,
          16.092498,
          16.060577
        ]
      },
      {
        "date": "2026-08-07",
        "close": 15.94,
        "volume": 158292,
        "typical_volume": 87123.95,
        "trend": 16.044156,
        "fair_value": 15.451262,
        "relative_strength": -11.698338,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 26.359236,
        "energy": 15.130149,
        "activity_lines": [
          16.102933,
          16.076223,
          16.08399,
          16.053781
        ]
      }
    ],
    "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."
    }
  }
}