{
  "ticker": {
    "uuid": "6c8dd119-1b01-469c-a9c3-52d3fe3c6b34",
    "symbol": "E28",
    "name": "Frencken Group 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 4.626,
    "architecture_energy": 18.051,
    "architecture_maturity": 56.761,
    "architecture_confidence": 76.941,
    "architecture_tenure": "Developing",
    "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": 63.13,
        "rotation_up": 15.54,
        "upward_expansion": 41.71,
        "deceleration": 86.61,
        "rotation_down": 39.76,
        "downward_expansion": 33.38
      },
      "activity_lines": [
        2.588,
        2.708545,
        2.790476,
        2.660952
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 2.57,
    "trend_reference": 2.428193,
    "distance_from_trend": 0.0584,
    "trend_direction": "Improving",
    "fair_value": 1.486637,
    "distance_from_fair_value": 0.728734,
    "fair_value_direction": "Weakening",
    "relative_strength": 9.298783,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.554582,
    "excess_performance": 0.399746,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.0584,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.231932,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.728734,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.495636,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.092988,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.574832,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.554582,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.746357,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 24025700,
      "relative_activity": 0.914328,
      "balance": 0.746357,
      "dry_up": 0.9916,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.133792,
      "annualized_volatility": 0.527107,
      "from_high_reference": -0.269886,
      "from_low_reference": 0.981795
    },
    "levels": {
      "trend_reference": 2.428193,
      "fair_value_reference": 1.486637,
      "structural_low": 1.682876,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.038217,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.017258,
        "regime_survival": 0.444444,
        "best_return": 0.224298,
        "worst_return": -0.159483,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.028169,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.083923,
        "regime_survival": 0.0,
        "best_return": 0.327103,
        "worst_return": -0.245614,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.144927,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.163386,
        "regime_survival": 0.2,
        "best_return": 0.401408,
        "worst_return": -0.342105,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.26484,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.327366,
        "regime_survival": 0.0,
        "best_return": 0.120299,
        "worst_return": -0.649979,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-01",
        "end": "2024-04-12",
        "tenure": "Established",
        "return": 0.344538,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-06-21",
        "tenure": "Developing",
        "return": 0.069684,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-28",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.233129,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-09",
        "end": "2024-08-16",
        "tenure": "New",
        "return": 0.12,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-23",
        "end": "2025-05-23",
        "tenure": "Extended",
        "return": -0.153302,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.095652,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-09-05",
        "tenure": "Developing",
        "return": 0.126984,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-10-24",
        "tenure": "Developing",
        "return": 0.105634,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-28",
        "tenure": "Developing",
        "return": -0.145454,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-12-19",
        "tenure": "New",
        "return": -0.021583,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2026-01-23",
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        "return": 0.130435,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "end": "2026-08-07",
        "tenure": "Developing",
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        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 1.45242,
        "relative_strength": 16.827796,
        "stage": 2,
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        "direction": 34.528658,
        "energy": 20.290624,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 20725100,
        "typical_volume": 26987970.0,
        "trend": 2.354236,
        "fair_value": 1.46443,
        "relative_strength": 17.290267,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.112762,
        "energy": 20.645543,
        "activity_lines": [
          2.74,
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      },
      {
        "date": "2026-07-31",
        "close": 2.47,
        "volume": 32221700,
        "typical_volume": 26735445.0,
        "trend": 2.389713,
        "fair_value": 1.475183,
        "relative_strength": 6.701243,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.521137,
        "energy": 14.604233,
        "activity_lines": [
          2.630667,
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          2.803005,
          2.64932
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      },
      {
        "date": "2026-08-07",
        "close": 2.57,
        "volume": 24025700,
        "typical_volume": 26276880.0,
        "trend": 2.428193,
        "fair_value": 1.486637,
        "relative_strength": 9.298783,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.625708,
        "energy": 18.05054,
        "activity_lines": [
          2.588,
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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."
    }
  }
}