{
  "ticker": {
    "uuid": "8d00a3e5-4dba-4ef1-8596-800626df2d8f",
    "symbol": "6498",
    "name": "KITZ Corporation",
    "exchange": "JPX",
    "country": "JP",
    "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": "2026-08-28",
    "benchmark": "^N225",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 81.111,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -34.735,
    "architecture_energy": 54.561,
    "architecture_maturity": 10.379,
    "architecture_confidence": 88.062,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 30.85,
        "rotation_up": 14.27,
        "upward_expansion": 24.79,
        "deceleration": 51.15,
        "rotation_down": 72.36,
        "downward_expansion": 54.45
      },
      "activity_lines": [
        1993.066667,
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        2201.435804,
        2176.567351
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 1918.0,
    "trend_reference": 2142.394332,
    "distance_from_trend": -0.10474,
    "trend_direction": "Improving",
    "fair_value": 1381.978415,
    "distance_from_fair_value": 0.387865,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.122084,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.112858,
    "excess_performance": -0.241119,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.10474,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.068317,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.387865,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.349741,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.171221,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.148139,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.112858,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.101716,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2750500,
      "relative_activity": 2.160305,
      "balance": 0.101716,
      "dry_up": 1.639628,
      "accumulation_observations": 0,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.105561,
      "annualized_volatility": 0.441007,
      "from_high_reference": -0.287537,
      "from_low_reference": 0.327259
    },
    "levels": {
      "trend_reference": 2142.394332,
      "fair_value_reference": 1381.978415,
      "structural_low": 1682.0,
      "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": 4,
        "median_return": 0.036034,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.013076,
        "regime_survival": 0.5,
        "best_return": 0.068681,
        "worst_return": 0.009769,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.064091,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.015824,
        "regime_survival": 0.0,
        "best_return": 0.15183,
        "worst_return": -0.023649,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.34338,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.167789,
        "regime_survival": 0.0,
        "best_return": 0.686925,
        "worst_return": -0.000166,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.034554,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.061204,
        "regime_survival": 0.0,
        "best_return": 0.034554,
        "worst_return": 0.034554,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-05-17",
        "end": "2024-06-28",
        "tenure": "Developing",
        "return": 0.02693,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-05",
        "end": "2024-10-11",
        "tenure": "Established",
        "return": -0.034697,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-18",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": 0.036212,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "violet",
        "start": "2024-12-13",
        "end": "2025-01-03",
        "tenure": "New",
        "return": 0.049467,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-10",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": 0.078153,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.077295,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.079067,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.397097,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.014109,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-03-20",
        "tenure": "Established",
        "return": 0.090789,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-27",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.154276,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-07-24",
        "tenure": "Established",
        "return": 0.093658,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-31",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
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        "date": "2023-09-08",
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      },
      {
        "date": "2026-08-07",
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      },
      {
        "date": "2026-08-14",
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        "typical_volume": 1228120.0,
        "trend": 2146.794332,
        "fair_value": 1369.323754,
        "relative_strength": -13.987104,
        "stage": 3,
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      },
      {
        "date": "2026-08-21",
        "close": 1927.0,
        "volume": 1438700,
        "typical_volume": 1204015.0,
        "trend": 2145.494332,
        "fair_value": 1375.819517,
        "relative_strength": -16.513845,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -35.010553,
        "energy": 35.095233,
        "activity_lines": [
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      },
      {
        "date": "2026-08-28",
        "close": 1918.0,
        "volume": 2750500,
        "typical_volume": 1273200.0,
        "trend": 2142.394332,
        "fair_value": 1381.978415,
        "relative_strength": -17.122084,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.735145,
        "energy": 54.560978,
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      }
    ],
    "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."
    }
  }
}