{
  "ticker": {
    "uuid": "8c2c50e6-5773-4fe7-9dbb-3bdb63d0f234",
    "symbol": "AZA",
    "name": "IPC Corporation Ltd",
    "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": -54.75,
    "architecture_energy": 42.666,
    "architecture_maturity": 35.933,
    "architecture_confidence": 89.736,
    "architecture_tenure": "Established",
    "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": 15.34,
        "rotation_up": 21.01,
        "upward_expansion": 9.12,
        "deceleration": 42.69,
        "rotation_down": 54.62,
        "downward_expansion": 80.12
      },
      "activity_lines": [
        0.138267,
        0.139836,
        0.143933,
        0.147475
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": -0.5
    },
    "latest_close": 0.139,
    "trend_reference": 0.1543,
    "distance_from_trend": -0.099157,
    "trend_direction": "Weakening",
    "fair_value": 0.124571,
    "distance_from_fair_value": 0.115834,
    "fair_value_direction": "Weakening",
    "relative_strength": -24.165928,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.244565,
    "excess_performance": -0.3994,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.099157,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.055306,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.115834,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.13659,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.241659,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.17813,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.244565,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.966851,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2000,
      "relative_activity": 0.149981,
      "balance": 1.966851,
      "dry_up": 0.978628,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.080243,
      "annualized_volatility": 0.406249,
      "from_high_reference": -0.279793,
      "from_low_reference": 0.130081
    },
    "levels": {
      "trend_reference": 0.1543,
      "fair_value_reference": 0.124571,
      "structural_low": 0.134,
      "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": 24,
        "median_return": -0.020891,
        "positive_rate": 0.375,
        "directional_follow_through": 0.541667,
        "median_excess_return": -0.010442,
        "regime_survival": 0.791667,
        "best_return": 0.580247,
        "worst_return": -0.263636,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.05,
        "positive_rate": 0.222222,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.062326,
        "regime_survival": 0.444444,
        "best_return": 0.382979,
        "worst_return": -0.115385,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.114286,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.168814,
        "regime_survival": 0.5,
        "best_return": 0.620253,
        "worst_return": -0.268519,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.078307,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.031002,
        "regime_survival": 0.25,
        "best_return": 0.829787,
        "worst_return": -0.28,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.037383,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-22",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.048544,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-03",
        "end": "2025-01-17",
        "tenure": "New",
        "return": -0.080808,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-02-14",
        "tenure": "New",
        "return": 0.12766,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-21",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.109091,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-03-07",
        "end": "2025-03-14",
        "tenure": "New",
        "return": 0.204724,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-21",
        "end": "2025-04-25",
        "tenure": "Developing",
        "return": -0.333333,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-05-02",
        "end": "2025-07-25",
        "tenure": "Established",
        "return": -0.037037,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-01",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": -0.023256,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-26",
        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.03125,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-24",
        "end": "2026-03-06",
        "tenure": "Established",
        "return": -0.025641,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-13",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.071429,
        "active": false
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      {
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        "return": 0.041958,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "color": "red",
        "start": "2026-05-08",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.097403,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "date": "2026-05-08",
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        "volume": 13600,
        "typical_volume": 123880.0,
        "trend": 0.1633,
        "fair_value": 0.122962,
        "relative_strength": -6.352933,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.267106,
        "energy": 21.204455,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "volume": 23700,
        "typical_volume": 124345.0,
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        "energy": 19.475723,
        "activity_lines": [
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          0.16088
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 117140.0,
        "trend": 0.163333,
        "fair_value": 0.123763,
        "relative_strength": -9.343194,
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        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -36.715034,
        "energy": 19.608225,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 5500,
        "typical_volume": 104460.0,
        "trend": 0.163333,
        "fair_value": 0.124147,
        "relative_strength": -6.935312,
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        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "energy": 16.210676,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 5500,
        "typical_volume": 80515.0,
        "trend": 0.163233,
        "fair_value": 0.124256,
        "relative_strength": -12.353915,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "energy": 28.548593,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 66895.0,
        "trend": 0.1619,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.700192,
        "energy": 49.636497,
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      },
      {
        "date": "2026-06-19",
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-06-26",
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        "volume": 1700,
        "typical_volume": 50880.0,
        "trend": 0.1597,
        "fair_value": 0.124372,
        "relative_strength": -19.757878,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.901103,
        "energy": 73.784401,
        "activity_lines": [
          0.1398,
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          0.148733,
          0.15392
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      },
      {
        "date": "2026-07-03",
        "close": 0.155,
        "volume": 0,
        "typical_volume": 46490.0,
        "trend": 0.159467,
        "fair_value": 0.124532,
        "relative_strength": -9.870586,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.161589,
        "energy": 49.949068,
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          0.1438,
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      },
      {
        "date": "2026-07-10",
        "close": 0.139,
        "volume": 1900,
        "typical_volume": 43765.0,
        "trend": 0.1585,
        "fair_value": 0.12459,
        "relative_strength": -22.275109,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.802931,
        "energy": 38.831528,
        "activity_lines": [
          0.142533,
          0.144691,
          0.147629,
          0.152297
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      },
      {
        "date": "2026-07-17",
        "close": 0.14,
        "volume": 17100,
        "typical_volume": 37965.0,
        "trend": 0.157533,
        "fair_value": 0.124532,
        "relative_strength": -21.962674,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.868601,
        "energy": 32.529026,
        "activity_lines": [
          0.142133,
          0.143327,
          0.146686,
          0.151103
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.136,
        "volume": 10200,
        "typical_volume": 19350.0,
        "trend": 0.156467,
        "fair_value": 0.124571,
        "relative_strength": -24.98931,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.167162,
        "energy": 34.646397,
        "activity_lines": [
          0.140267,
          0.141491,
          0.145533,
          0.149714
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.138,
        "volume": 22900,
        "typical_volume": 18260.0,
        "trend": 0.155233,
        "fair_value": 0.124622,
        "relative_strength": -24.135312,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.221256,
        "energy": 37.644554,
        "activity_lines": [
          0.139133,
          0.140436,
          0.144648,
          0.148523
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.139,
        "volume": 2000,
        "typical_volume": 13335.0,
        "trend": 0.1543,
        "fair_value": 0.124571,
        "relative_strength": -24.165928,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.74963,
        "energy": 42.665753,
        "activity_lines": [
          0.138267,
          0.139836,
          0.143933,
          0.147475
        ]
      }
    ],
    "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."
    }
  }
}