{
  "ticker": {
    "uuid": "7e119db5-8af2-4ff2-88ee-417c8396ca68",
    "symbol": "BQD",
    "name": "Envictus International 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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -10.916,
    "architecture_energy": 25.427,
    "architecture_maturity": 75.304,
    "architecture_confidence": 35.756,
    "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": 39.61,
        "rotation_up": 52.13,
        "upward_expansion": 31.62,
        "deceleration": 35.58,
        "rotation_down": 20.06,
        "downward_expansion": 51.95
      },
      "activity_lines": [
        0.346333,
        0.333182,
        0.334286,
        0.340419
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 0.35,
    "trend_reference": 0.351333,
    "distance_from_trend": -0.003795,
    "trend_direction": "Weakening",
    "fair_value": 0.314263,
    "distance_from_fair_value": 0.113717,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.914479,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.102564,
    "excess_performance": -0.257399,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.003795,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.052584,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.113717,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.065743,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.179145,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.10129,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.102564,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.295012,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 0.295012,
      "dry_up": 0.796525,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.073626,
      "annualized_volatility": 0.581482,
      "from_high_reference": -0.176471,
      "from_low_reference": 0.22807
    },
    "levels": {
      "trend_reference": 0.351333,
      "fair_value_reference": 0.314263,
      "structural_low": 0.285,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.062404,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.042986,
        "regime_survival": 0.5,
        "best_return": 0.404255,
        "worst_return": -0.088235,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.186441,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.166667,
        "median_excess_return": 0.096469,
        "regime_survival": 0.333333,
        "best_return": 0.382979,
        "worst_return": -0.066667,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.245841,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.149316,
        "regime_survival": 0.0,
        "best_return": 0.372881,
        "worst_return": -0.104,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.264,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.217667,
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        "worst_return": 0.186441,
        "sufficient": false
      }
    ],
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-04-25",
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        "return": 0.033898,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      {
        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "regime": "deceleration",
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        "direction": -22.567025,
        "energy": 15.386141,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
        "close": 0.36,
        "volume": 108700,
        "typical_volume": 311070.0,
        "trend": 0.372167,
        "fair_value": 0.305224,
        "relative_strength": -7.785441,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -26.476723,
        "energy": 18.029104,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "volume": 111900,
        "typical_volume": 316140.0,
        "trend": 0.371833,
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        "relative_strength": -13.950789,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.598746,
        "energy": 20.603098,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 14800,
        "typical_volume": 311595.0,
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        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.531137,
        "energy": 22.203755,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 275665.0,
        "trend": 0.370833,
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        "relative_strength": -19.447191,
        "stage": 4,
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        "energy": 45.839898,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 0,
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        "trend": 0.369667,
        "fair_value": 0.308462,
        "relative_strength": -14.458028,
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        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.235663,
        "energy": 48.76916,
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      },
      {
        "date": "2026-06-12",
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        "volume": 25400,
        "typical_volume": 55390.0,
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        "relative_strength": -21.391594,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
        "close": 0.31,
        "volume": 0,
        "typical_volume": 46925.0,
        "trend": 0.3605,
        "fair_value": 0.310288,
        "relative_strength": -23.034109,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.47455,
        "energy": 63.221656,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 23900,
        "typical_volume": 40445.0,
        "trend": 0.358333,
        "fair_value": 0.310897,
        "relative_strength": -23.318892,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.68759,
        "energy": 68.783273,
        "activity_lines": [
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          0.345957
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      },
      {
        "date": "2026-07-10",
        "close": 0.285,
        "volume": 267200,
        "typical_volume": 52905.0,
        "trend": 0.3555,
        "fair_value": 0.31125,
        "relative_strength": -31.833152,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.693646,
        "energy": 78.399376,
        "activity_lines": [
          0.301667,
          0.313091,
          0.330071,
          0.341226
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      },
      {
        "date": "2026-07-17",
        "close": 0.355,
        "volume": 117100,
        "typical_volume": 48750.0,
        "trend": 0.355,
        "fair_value": 0.312051,
        "relative_strength": -15.327465,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.195845,
        "energy": 31.186003,
        "activity_lines": [
          0.318333,
          0.318818,
          0.331405,
          0.341194
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.35,
        "volume": 25000,
        "typical_volume": 48200.0,
        "trend": 0.354167,
        "fair_value": 0.312821,
        "relative_strength": -17.192345,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.205502,
        "energy": 15.956368,
        "activity_lines": [
          0.330333,
          0.323727,
          0.332333,
          0.340871
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.35,
        "volume": 0,
        "typical_volume": 45710.0,
        "trend": 0.352833,
        "fair_value": 0.313526,
        "relative_strength": -17.293637,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -17.781366,
        "energy": 16.770098,
        "activity_lines": [
          0.339667,
          0.328455,
          0.333286,
          0.340602
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.35,
        "volume": 0,
        "typical_volume": 44600.0,
        "trend": 0.351333,
        "fair_value": 0.314263,
        "relative_strength": -17.914479,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.91551,
        "energy": 25.426636,
        "activity_lines": [
          0.346333,
          0.333182,
          0.334286,
          0.340419
        ]
      }
    ],
    "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."
    }
  }
}