{
  "ticker": {
    "uuid": "742f34c0-c580-45fd-9d68-4aa5478583b0",
    "symbol": "BBOX",
    "name": "Black Box Limited",
    "exchange": "NSI",
    "country": "IN",
    "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": "^NSEI",
    "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": -6.575,
    "architecture_energy": 30.088,
    "architecture_maturity": 67.926,
    "architecture_confidence": 69.768,
    "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": 50.11,
        "rotation_up": 14.0,
        "upward_expansion": 48.09,
        "deceleration": 88.0,
        "rotation_down": 51.02,
        "downward_expansion": 33.09
      },
      "activity_lines": [
        776.866675,
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        860.355959,
        791.329252
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 744.450012,
    "trend_reference": 701.273337,
    "distance_from_trend": 0.061569,
    "trend_direction": "Improving",
    "fair_value": 464.911934,
    "distance_from_fair_value": 0.601271,
    "fair_value_direction": "Weakening",
    "relative_strength": 19.520981,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.405286,
    "excess_performance": 0.448995,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.061569,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.217961,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.601271,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.261181,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.19521,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.294427,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.405286,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.836236,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1434885,
      "relative_activity": 0.43803,
      "balance": 3.836236,
      "dry_up": 0.504961,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.12029,
      "annualized_volatility": 0.536178,
      "from_high_reference": -0.325068,
      "from_low_reference": 0.711183
    },
    "levels": {
      "trend_reference": 701.273337,
      "fair_value_reference": 464.911934,
      "structural_low": 444.299988,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.044298,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": -0.044767,
        "regime_survival": 0.363636,
        "best_return": 0.50838,
        "worst_return": -0.346671,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.185211,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.133296,
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        "best_return": 0.575487,
        "worst_return": -0.377028,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.158717,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
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        "regime_survival": 0.0,
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        "worst_return": -0.296387,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.439884,
        "sufficient": false
      }
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      {
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "regime": "balance",
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        "color": "blue",
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      },
      {
        "date": "2026-07-17",
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        "energy": 37.249473,
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      },
      {
        "date": "2026-07-24",
        "close": 778.450012,
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        "typical_volume": 3265208.05,
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        "fair_value": 458.008532,
        "relative_strength": 31.229504,
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      },
      {
        "date": "2026-07-31",
        "close": 755.5,
        "volume": 2081268,
        "typical_volume": 3300356.85,
        "trend": 693.490003,
        "fair_value": 461.557533,
        "relative_strength": 23.146621,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 13.055458,
        "energy": 29.412674,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 744.450012,
        "volume": 1434885,
        "typical_volume": 3275767.25,
        "trend": 701.273337,
        "fair_value": 464.911934,
        "relative_strength": 19.520981,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -6.575497,
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        "activity_lines": [
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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."
    }
  }
}