{
  "ticker": {
    "uuid": "7a8ffe98-1ac8-45d4-828d-2e2cf39e8081",
    "symbol": "B61",
    "name": "Bukit Sembawang Estates 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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 62.825,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -67.796,
    "architecture_energy": 43.888,
    "architecture_maturity": 14.215,
    "architecture_confidence": 86.483,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 26.46,
        "rotation_up": 17.77,
        "upward_expansion": 7.54,
        "deceleration": 43.74,
        "rotation_down": 60.59,
        "downward_expansion": 78.54
      },
      "activity_lines": [
        4.629213,
        4.649044,
        4.702695,
        4.72573
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 4.54,
    "trend_reference": 4.792528,
    "distance_from_trend": -0.052692,
    "trend_direction": "Improving",
    "fair_value": 3.776634,
    "distance_from_fair_value": 0.202129,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.916617,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.099206,
    "excess_performance": -0.254041,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.052692,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.011082,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.202129,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.111085,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.169166,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.175364,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.099206,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.611111,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 829100,
      "relative_activity": 2.102874,
      "balance": 0.611111,
      "dry_up": 1.460801,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.031931,
      "annualized_volatility": 0.178274,
      "from_high_reference": -0.135238,
      "from_low_reference": 0.112745
    },
    "levels": {
      "trend_reference": 4.792528,
      "fair_value_reference": 3.776634,
      "structural_low": 4.46,
      "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": 21,
        "median_return": -0.007371,
        "positive_rate": 0.380952,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.012688,
        "regime_survival": 0.761905,
        "best_return": 0.089552,
        "worst_return": -0.089286,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.00978,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.024222,
        "regime_survival": 0.555556,
        "best_return": 0.271642,
        "worst_return": -0.108696,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.008069,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.008988,
        "regime_survival": 0.333333,
        "best_return": 0.312057,
        "worst_return": -0.129199,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.025935,
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        "regime_survival": 0.25,
        "best_return": 0.487416,
        "worst_return": -0.155491,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-07-12",
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      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "active": false
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      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-02",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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        "date": "2026-05-22",
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      },
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      },
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        "date": "2026-06-05",
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        "stage": 3,
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "stage": 3,
        "regime": "balance",
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      },
      {
        "date": "2026-07-10",
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        "trend": 4.815453,
        "fair_value": 3.751452,
        "relative_strength": -10.108155,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "energy": 50.021425,
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      },
      {
        "date": "2026-07-17",
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        "volume": 642800,
        "typical_volume": 437105.0,
        "trend": 4.809847,
        "fair_value": 3.757629,
        "relative_strength": -13.179979,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.081601,
        "energy": 54.171974,
        "activity_lines": [
          4.661657,
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          4.730266,
          4.760967
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.62225,
        "volume": 329800,
        "typical_volume": 384140.0,
        "trend": 4.804588,
        "fair_value": 3.763916,
        "relative_strength": -14.29574,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.891597,
        "energy": 55.277691,
        "activity_lines": [
          4.644047,
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          4.720835,
          4.748864
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4.7082,
        "volume": 502100,
        "typical_volume": 375100.0,
        "trend": 4.802195,
        "fair_value": 3.770756,
        "relative_strength": -13.101799,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.261424,
        "energy": 26.951715,
        "activity_lines": [
          4.66427,
          4.679333,
          4.720008,
          4.742646
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.54,
        "volume": 829100,
        "typical_volume": 394270.0,
        "trend": 4.792528,
        "fair_value": 3.776634,
        "relative_strength": -16.916617,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.796134,
        "energy": 43.887691,
        "activity_lines": [
          4.629213,
          4.649044,
          4.702695,
          4.72573
        ]
      }
    ],
    "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."
    }
  }
}