{
  "ticker": {
    "uuid": "83b6bce9-f96b-429e-a305-ab7940dd97cd",
    "symbol": "K29",
    "name": "Karin Technology 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 83.769,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "down",
    "architecture_direction": -49.043,
    "architecture_energy": 25.61,
    "architecture_maturity": 33.031,
    "architecture_confidence": 68.262,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 34.49,
        "rotation_up": 18.45,
        "upward_expansion": 14.29,
        "deceleration": 55.31,
        "rotation_down": 51.69,
        "downward_expansion": 63.96
      },
      "activity_lines": [
        0.255,
        0.257455,
        0.255976,
        0.256914
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 0.245,
    "trend_reference": 0.258833,
    "distance_from_trend": -0.053445,
    "trend_direction": "Weakening",
    "fair_value": 0.275802,
    "distance_from_fair_value": -0.11168,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.991881,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.092593,
    "excess_performance": -0.247428,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.053445,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.007668,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.11168,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.050417,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.219919,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.104564,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.092593,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.602792,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 212200,
      "relative_activity": 1.088791,
      "balance": 1.602792,
      "dry_up": 0.997845,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.042386,
      "annualized_volatility": 0.18685,
      "from_high_reference": -0.148918,
      "from_low_reference": 0.065217
    },
    "levels": {
      "trend_reference": 0.258833,
      "fair_value_reference": 0.275802,
      "structural_low": 0.23,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": -0.037037,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.044254,
        "regime_survival": 0.0,
        "best_return": 0.0,
        "worst_return": -0.074074,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.029881,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.060455,
        "regime_survival": 0.0,
        "best_return": -0.004206,
        "worst_return": -0.055556,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.210101,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.161417,
        "regime_survival": 0.0,
        "best_return": 0.210101,
        "worst_return": 0.210101,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.245691,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.192719,
        "regime_survival": 0.0,
        "best_return": 0.245691,
        "worst_return": 0.245691,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-05-17",
        "end": "2024-05-24",
        "tenure": "New",
        "return": 0.016666,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-31",
        "end": "2024-06-07",
        "tenure": "New",
        "return": -0.099999,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-14",
        "end": "2024-06-21",
        "tenure": "New",
        "return": 0.031746,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-28",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": -0.030303,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-13",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-01",
        "end": "2024-11-22",
        "tenure": "New",
        "return": -0.011368,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-03-28",
        "tenure": "Established",
        "return": -0.037059,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-04",
        "end": "2025-12-05",
        "tenure": "Extended",
        "return": -0.083097,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-12",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.018868,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-03-13",
        "tenure": "New",
        "return": 0.037736,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-03-20",
        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.037037,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-03",
        "end": "2026-04-10",
        "tenure": "New",
        "return": -0.039216,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-17",
        "end": "2026-07-10",
        "tenure": "Established",
        "return": 0.06,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.057692,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 0.254733,
        "volume": 0,
        "typical_volume": 39045.0,
        "trend": 0.269077,
        "fair_value": 0.234655,
        "relative_strength": -2.670556,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -56.610495,
        "energy": 36.423552,
        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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        "typical_volume": 38970.0,
        "trend": 0.26849,
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        "relative_strength": -3.270539,
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        "modifier": "Early contraction",
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        "activity_lines": [
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      },
      {
        "date": "2023-09-01",
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        "typical_volume": 41200.0,
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        "energy": 43.931336,
        "activity_lines": [
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      },
      {
        "date": "2023-09-08",
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        "volume": 929100,
        "typical_volume": 87655.0,
        "trend": 0.268159,
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        "relative_strength": 5.405655,
        "stage": 4,
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        "modifier": "Early contraction",
        "gate": "down",
        "direction": -19.513623,
        "energy": 9.791968,
        "activity_lines": [
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      },
      {
        "date": "2023-09-15",
        "close": 0.283964,
        "volume": 354200,
        "typical_volume": 105365.0,
        "trend": 0.268547,
        "fair_value": 0.236621,
        "relative_strength": 4.333582,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.181549,
        "energy": 15.597062,
        "activity_lines": [
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      },
      {
        "date": "2023-09-22",
        "close": 0.267261,
        "volume": 204100,
        "typical_volume": 115470.0,
        "trend": 0.268514,
        "fair_value": 0.237021,
        "relative_strength": 0.388967,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 4.526375,
        "energy": 13.783878,
        "activity_lines": [
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      },
      {
        "date": "2023-09-29",
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        "typical_volume": 104170.0,
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      },
      {
        "date": "2023-10-06",
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        "typical_volume": 108025.0,
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      },
      {
        "date": "2023-10-13",
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      },
      {
        "date": "2023-10-20",
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      },
      {
        "date": "2023-10-27",
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      },
      {
        "date": "2023-11-03",
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        "date": "2023-11-17",
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      },
      {
        "date": "2023-11-24",
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        "typical_volume": 124840.0,
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      },
      {
        "date": "2023-12-01",
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        "date": "2023-12-08",
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      },
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        "date": "2023-12-15",
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        "date": "2023-12-22",
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        "date": "2023-12-29",
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        "date": "2024-01-05",
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        "typical_volume": 129020.0,
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        "fair_value": 0.244624,
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        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2024-01-12",
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        "volume": 80500,
        "typical_volume": 133045.0,
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        "fair_value": 0.245113,
        "relative_strength": 3.690187,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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      },
      {
        "date": "2024-01-19",
        "close": 0.27113,
        "volume": 20000,
        "typical_volume": 131810.0,
        "trend": 0.274316,
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        "stage": 3,
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 178795.0,
        "trend": 0.262943,
        "fair_value": 0.276961,
        "relative_strength": -16.888398,
        "stage": 4,
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 185130.0,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 187830.0,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 212155.0,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 210320.0,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 216050.0,
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        "relative_strength": -13.178193,
        "stage": 4,
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      },
      {
        "date": "2026-06-12",
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        "volume": 100000,
        "typical_volume": 219680.0,
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 208050.0,
        "trend": 0.259,
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        "stage": 4,
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        "gate": "down",
        "direction": -21.655114,
        "energy": 12.243984,
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      },
      {
        "date": "2026-07-03",
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        "volume": 142400,
        "typical_volume": 211070.0,
        "trend": 0.259333,
        "fair_value": 0.276045,
        "relative_strength": -11.011604,
        "stage": 4,
        "regime": "downward_expansion",
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        "energy": 11.291529,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 0.265,
        "volume": 527500,
        "typical_volume": 227375.0,
        "trend": 0.259333,
        "fair_value": 0.27603,
        "relative_strength": -14.242425,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 22.754617,
        "energy": 30.218093,
        "activity_lines": [
          0.261667,
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          0.25772
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      },
      {
        "date": "2026-07-17",
        "close": 0.26,
        "volume": 256200,
        "typical_volume": 217520.0,
        "trend": 0.259333,
        "fair_value": 0.275877,
        "relative_strength": -15.957858,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 14.918076,
        "energy": 30.632301,
        "activity_lines": [
          0.262,
          0.258909,
          0.256476,
          0.257763
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.265,
        "volume": 290100,
        "typical_volume": 216740.0,
        "trend": 0.2595,
        "fair_value": 0.275916,
        "relative_strength": -15.031839,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.047819,
        "energy": 37.124088,
        "activity_lines": [
          0.263333,
          0.260455,
          0.257214,
          0.258129
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.255,
        "volume": 19400,
        "typical_volume": 193110.0,
        "trend": 0.259333,
        "fair_value": 0.275864,
        "relative_strength": -18.344671,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 6.564707,
        "energy": 10.518521,
        "activity_lines": [
          0.260667,
          0.259909,
          0.257024,
          0.257839
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.245,
        "volume": 212200,
        "typical_volume": 194895.0,
        "trend": 0.258833,
        "fair_value": 0.275802,
        "relative_strength": -21.991881,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -49.042746,
        "energy": 25.609994,
        "activity_lines": [
          0.255,
          0.257455,
          0.255976,
          0.256914
        ]
      }
    ],
    "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."
    }
  }
}