{ "ticker": { "uuid": "7d5ee8da-7752-486e-8ddf-0e7b07a86b6c", "symbol": "J36", "name": "Jardine Matheson 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 87.377, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -43.201, "architecture_energy": 28.402, "architecture_maturity": 62.345, "architecture_confidence": 86.76, "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": 32.07, "rotation_up": 26.28, "upward_expansion": 15.76, "deceleration": 46.58, "rotation_down": 35.7, "downward_expansion": 65.76 }, "activity_lines": [ 64.230668, 63.751819, 65.440429, 67.450991 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 63.700001, "trend_reference": 69.818863, "distance_from_trend": -0.087639, "trend_direction": "Weakening", "fair_value": 47.585551, "distance_from_fair_value": 0.338642, "fair_value_direction": "Weakening", "relative_strength": -19.489972, "relative_strength_direction": "Weakening", "price_momentum": -0.139153, "excess_performance": -0.293988, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.087639, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.010319, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.338642, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.220131, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.1949, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.248125, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.139153, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.853732, "read": "Supply-led" } ], "volume": { "latest": 1896300, "relative_activity": 1.436316, "balance": 0.853732, "dry_up": 1.255119, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.060258, "annualized_volatility": 0.255113, "from_high_reference": -0.210003, "from_low_reference": 0.190854 }, "levels": { "trend_reference": 69.818863, "fair_value_reference": 47.585551, 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"volume": 1853100, "typical_volume": 1386331.75, "trend": 70.118844, "fair_value": 47.277606, "relative_strength": -18.332035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.30868, "energy": 47.693307, "activity_lines": [ 63.013333, 63.377454, 66.037809, 68.105099 ] }, { "date": "2026-07-31", "close": 66.410004, "volume": 1569700, "typical_volume": 1351534.5, "trend": 70.129839, "fair_value": 47.443149, "relative_strength": -15.214132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.389687, "energy": 33.398496, "activity_lines": [ 64.195334, 63.767091, 65.847333, 67.865819 ] }, { "date": "2026-08-07", "close": 63.700001, "volume": 1896300, "typical_volume": 1320253.1, "trend": 69.818863, "fair_value": 47.585551, "relative_strength": -19.489972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.201118, "energy": 28.40179, "activity_lines": [ 64.230668, 63.751819, 65.440429, 67.450991 ] } ], "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." } } }